TDIV.AS vs. VEMT.L
TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and VEMT.L (Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing) 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 VEMT.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, TDIV.AS returned 17.52%/yr vs 3.16%/yr for VEMT.L. At a 0.24 correlation, their price movements are largely independent. TDIV.AS charges 0.38%/yr vs 0.25%/yr for VEMT.L.
Performance
TDIV.AS vs. VEMT.L - Performance Comparison
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Different Trading Currencies
TDIV.AS is traded in EUR, while VEMT.L is traded in GBP. To make them comparable, the VEMT.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, TDIV.AS achieves a 9.89% return, which is significantly higher than VEMT.L's 2.47% return.
TDIV.AS
- 1D
- 0.25%
- 1M
- 1.38%
- YTD
- 9.89%
- 6M
- 12.76%
- 1Y
- 24.86%
- 3Y*
- 19.97%
- 5Y*
- 17.52%
- 10Y*
- 12.02%
VEMT.L
- 1D
- -0.03%
- 1M
- 1.28%
- YTD
- 2.47%
- 6M
- 2.50%
- 1Y
- 7.48%
- 3Y*
- 5.91%
- 5Y*
- 3.16%
- 10Y*
- —
TDIV.AS vs. VEMT.L - 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% |
VEMT.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 2.47% | -1.35% | 13.29% | 5.64% | -10.09% | 5.91% | -3.04% | 16.66% | 1.53% | -5.48% |
Correlation
The correlation between TDIV.AS and VEMT.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2016 | 0.24 |
The correlation between TDIV.AS and VEMT.L shifts across timeframes, from 0.12 (5 years) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TDIV.AS vs. VEMT.L — Risk / Return Rank
TDIV.AS
VEMT.L
TDIV.AS vs. VEMT.L - 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 Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VEMT.L). 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 | VEMT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.21 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 7.19 | 2.44 | +4.74 |
| Martin ratioReturn relative to average drawdown | 19.93 | 6.53 | +13.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TDIV.AS | VEMT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 1.18 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.43 | 0.39 | +1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.28 | +0.56 |
Drawdowns
TDIV.AS vs. VEMT.L - Drawdown Comparison
The maximum TDIV.AS drawdown since its inception was -36.06%, which is greater than VEMT.L's maximum drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for TDIV.AS and VEMT.L.
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Drawdown Indicators
| TDIV.AS | VEMT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -20.32% | -15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.51% | -3.05% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -11.95% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -11.95% | -3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | — | — |
Current DrawdownCurrent decline from peak | -1.99% | -1.39% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -6.51% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.14% | +0.12% |
Volatility
TDIV.AS vs. VEMT.L - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) has a higher volatility of 2.38% compared to Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing (VEMT.L) at 1.00%. This indicates that TDIV.AS's price experiences larger fluctuations and is considered to be riskier than VEMT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDIV.AS | VEMT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 1.00% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.65% | 4.49% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.06% | 6.33% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.07% | 8.18% | +3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.31% | 9.01% | +5.30% |
TDIV.AS vs. VEMT.L - Expense Ratio Comparison
TDIV.AS has a 0.38% expense ratio, which is higher than VEMT.L's 0.25% expense ratio.
Dividends
TDIV.AS vs. VEMT.L - Dividend Comparison
TDIV.AS's dividend yield for the trailing twelve months is around 3.19%, less than VEMT.L's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VEMT.L Vanguard USD Emerging Markets Government Bond UCITS ETF Distributing | 5.92% | 6.17% | 5.74% | 5.56% | 4.88% | 3.81% | 4.47% | 4.46% | 4.45% | 4.81% | 0.00% |
Frequently Asked Questions
TDIV.AS and VEMT.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEMT.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEMT.L is cheaper with a 0.25% expense ratio, compared with 0.38% for TDIV.AS.
TDIV.AS is categorized as Global Equity Income, while VEMT.L is Emerging Markets Bonds. TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while VEMT.L tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.38% for TDIV.AS and 0.25% for VEMT.L.
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