TDIV.AS vs. IWDA.AS
TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, TDIV.AS returned 12.02%/yr vs 12.81%/yr for IWDA.AS. A 0.74 correlation means they provide meaningful diversification when combined. TDIV.AS charges 0.38%/yr vs 0.20%/yr for IWDA.AS.
Performance
TDIV.AS vs. IWDA.AS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TDIV.AS achieves a 9.89% return, which is significantly lower than IWDA.AS's 11.06% return. Over the past 10 years, TDIV.AS has underperformed IWDA.AS with an annualized return of 12.02%, while IWDA.AS has yielded a comparatively higher 12.81% annualized return.
TDIV.AS
- 1D
- 0.25%
- 1M
- 0.39%
- YTD
- 9.89%
- 6M
- 12.84%
- 1Y
- 25.59%
- 3Y*
- 19.97%
- 5Y*
- 17.52%
- 10Y*
- 12.02%
IWDA.AS
- 1D
- -0.03%
- 1M
- 4.79%
- YTD
- 11.06%
- 6M
- 11.31%
- 1Y
- 23.80%
- 3Y*
- 17.53%
- 5Y*
- 12.88%
- 10Y*
- 12.81%
TDIV.AS vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.89% | 24.40% | 15.98% | 10.91% | 16.18% | 27.85% | -10.17% | 20.97% | -7.12% | 2.88% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.06% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
Correlation
The correlation between TDIV.AS and IWDA.AS is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 24, 2016 | 0.74 |
Over the past year, the correlation between TDIV.AS and IWDA.AS has dropped to 0.43 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TDIV.AS vs. IWDA.AS — Risk / Return Rank
TDIV.AS
IWDA.AS
TDIV.AS vs. IWDA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TDIV.AS | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.41 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 7.19 | 3.64 | +3.55 |
| Martin ratioReturn relative to average drawdown | 19.93 | 14.53 | +5.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TDIV.AS | IWDA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 2.15 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.43 | 0.90 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.84 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.82 | +0.02 |
Drawdowns
TDIV.AS vs. IWDA.AS - Drawdown Comparison
The maximum TDIV.AS drawdown since its inception was -36.06%, which is greater than IWDA.AS's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for TDIV.AS and IWDA.AS.
Loading charts...
Drawdown Indicators
| TDIV.AS | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -33.63% | -2.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.51% | -6.45% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -21.59% | +6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -21.59% | +6.33% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | -33.63% | -2.43% |
Current DrawdownCurrent decline from peak | -1.99% | -0.34% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -4.25% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.63% | -0.37% |
Volatility
TDIV.AS vs. IWDA.AS - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) is 2.38%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a volatility of 2.62%. This indicates that TDIV.AS experiences smaller price fluctuations and is considered to be less risky than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TDIV.AS | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 2.62% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 6.65% | 7.61% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.06% | 10.90% | -1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.07% | 14.08% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.31% | 14.99% | -0.68% |
TDIV.AS vs. IWDA.AS - Expense Ratio Comparison
TDIV.AS has a 0.38% expense ratio, which is higher than IWDA.AS's 0.20% expense ratio.
Dividends
TDIV.AS vs. IWDA.AS - Dividend Comparison
TDIV.AS's dividend yield for the trailing twelve months is around 3.19%, while IWDA.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.19% | 3.58% | 4.19% | 4.98% | 4.55% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% |
Frequently Asked Questions
TDIV.AS and IWDA.AS have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.38% for TDIV.AS.
TDIV.AS is categorized as Global Equity Income, while IWDA.AS is Global Equities. TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while IWDA.AS tracks MSCI World Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.38% for TDIV.AS and 0.20% for IWDA.AS.
Find the right allocation for TDIV.AS and IWDA.AS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer