TDIV.AS vs. XEC1.DE
TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and XEC1.DE (Xtrackers II EUR Corporate Bond UCITS ETF) 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 XEC1.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond. Both are passively managed. Over the past 3 years, TDIV.AS returned 20.92%/yr vs 4.27%/yr for XEC1.DE. At a 0.20 correlation, their price movements are largely independent. TDIV.AS charges 0.38%/yr vs 0.12%/yr for XEC1.DE.
Performance
TDIV.AS vs. XEC1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TDIV.AS achieves a 14.59% return, which is significantly higher than XEC1.DE's 0.42% return.
TDIV.AS
- 1D
- -0.24%
- 1M
- 3.97%
- 6M
- 12.62%
- YTD
- 14.59%
- 1Y
- 31.36%
- 3Y*
- 20.92%
- 5Y*
- 18.64%
- 10Y*
- 12.10%
- ALL TIME*
- 12.50%
XEC1.DE
- 1D
- 0.00%
- 1M
- -0.36%
- 6M
- -0.00%
- YTD
- 0.42%
- 1Y
- 1.28%
- 3Y*
- 4.27%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.63%
TDIV.AS vs. XEC1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 14.59% | 24.39% | 15.90% | 11.75% | 15.40% | 8.78% |
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 0.42% | 3.01% | 4.27% | 7.53% | -13.41% | 17.99% |
Correlation
The correlation between TDIV.AS and XEC1.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.20 |
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Return for Risk
TDIV.AS vs. XEC1.DE — Risk / Return Rank
TDIV.AS
XEC1.DE
TDIV.AS vs. XEC1.DE - 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 Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TDIV.AS | XEC1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.00 | ||
| Sortino ratioReturn per unit of downside risk | +4.21 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.08 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 8.81 | 0.48 | +8.32 |
| Martin ratioReturn relative to average drawdown | 24.98 | 1.60 | +23.38 |
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Drawdowns
TDIV.AS vs. XEC1.DE - Drawdown Comparison
The maximum TDIV.AS drawdown since its inception was -36.10%, which is greater than XEC1.DE's maximum drawdown of -16.37%. Use the drawdown chart below to compare losses from any high point for TDIV.AS and XEC1.DE.
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Drawdown Indicators
| TDIV.AS | XEC1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.10% | -16.37% | -19.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.51% | -2.66% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -15.88% | -2.66% | -13.22% |
Max Drawdown (5Y)Largest decline over 5 years | -15.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.10% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -0.94% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -6.48% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.80% | +0.45% |
Volatility
TDIV.AS vs. XEC1.DE - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) has a higher volatility of 2.17% compared to Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE) at 0.77%. This indicates that TDIV.AS's price experiences larger fluctuations and is considered to be riskier than XEC1.DE 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 | XEC1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 0.77% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 2.80% | +4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.11% | 3.17% | +5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.03% | 9.63% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 9.63% | +4.96% |
TDIV.AS vs. XEC1.DE - Expense Ratio Comparison
TDIV.AS has a 0.38% expense ratio, which is higher than XEC1.DE's 0.12% expense ratio.
Dividends
TDIV.AS vs. XEC1.DE - Dividend Comparison
TDIV.AS's dividend yield for the trailing twelve months is around 3.06%, more than XEC1.DE's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.06% | 3.58% | 4.19% | 4.98% | 4.58% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% |
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 2.71% | 2.50% | 2.68% | 1.77% | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TDIV.AS and XEC1.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEC1.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEC1.DE is cheaper with a 0.12% expense ratio, compared with 0.38% for TDIV.AS.
TDIV.AS is categorized as Global Equity Income, while XEC1.DE is European Corporate Bonds. TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while XEC1.DE tracks Bloomberg Euro Corporate Bond. They also come from different issuers: VanEck and Xtrackers. Their fees differ too: 0.38% for TDIV.AS and 0.12% for XEC1.DE.
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