TDIV.AS vs. ZPRV.DE
TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted 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 ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index. Both are passively managed. Over the past 10 years, TDIV.AS returned 12.48%/yr vs 12.19%/yr for ZPRV.DE. A 0.68 correlation means they provide meaningful diversification when combined. TDIV.AS charges 0.38%/yr vs 0.30%/yr for ZPRV.DE.
Performance
TDIV.AS vs. ZPRV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TDIV.AS achieves a 11.72% return, which is significantly lower than ZPRV.DE's 18.05% return. Both investments have delivered pretty close results over the past 10 years, with TDIV.AS having a 12.48% annualized return and ZPRV.DE not far behind at 12.19%.
TDIV.AS
- 1D
- 0.36%
- 1M
- 1.94%
- YTD
- 11.72%
- 6M
- 13.92%
- 1Y
- 28.07%
- 3Y*
- 20.14%
- 5Y*
- 17.83%
- 10Y*
- 12.48%
ZPRV.DE
- 1D
- 2.02%
- 1M
- 7.15%
- YTD
- 18.05%
- 6M
- 16.39%
- 1Y
- 38.06%
- 3Y*
- 15.98%
- 5Y*
- 11.01%
- 10Y*
- 12.19%
TDIV.AS vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.72% | 24.39% | 15.90% | 11.75% | 15.40% | 27.83% | -10.16% | 20.97% | -7.12% | 2.88% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 18.05% | 2.99% | 14.07% | 19.11% | -5.40% | 48.22% | -1.86% | 27.40% | -11.77% | -3.75% |
Correlation
The correlation between TDIV.AS and ZPRV.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.68 |
Over the past year, the correlation between TDIV.AS and ZPRV.DE has dropped to 0.47 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
TDIV.AS vs. ZPRV.DE — Risk / Return Rank
TDIV.AS
ZPRV.DE
TDIV.AS vs. ZPRV.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 SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.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 | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.42 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 7.82 | 6.40 | +1.42 |
| Martin ratioReturn relative to average drawdown | 22.20 | 20.02 | +2.18 |
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Drawdowns
TDIV.AS vs. ZPRV.DE - Drawdown Comparison
The maximum TDIV.AS drawdown since its inception was -36.10%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for TDIV.AS and ZPRV.DE.
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Drawdown Indicators
| TDIV.AS | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.10% | -46.04% | +9.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.51% | -5.87% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.88% | -31.14% | +15.26% |
Max Drawdown (5Y)Largest decline over 5 years | -15.88% | -31.14% | +15.26% |
Max Drawdown (10Y)Largest decline over 10 years | -36.10% | -46.04% | +9.94% |
Current DrawdownCurrent decline from peak | -0.36% | 0.00% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -9.12% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.88% | -0.66% |
Volatility
TDIV.AS vs. ZPRV.DE - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) is 2.29%, while SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a volatility of 3.33%. This indicates that TDIV.AS experiences smaller price fluctuations and is considered to be less risky than ZPRV.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 | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 3.33% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.74% | 9.65% | -2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.12% | 15.82% | -6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.12% | 20.38% | -7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.70% | 22.87% | -8.17% |
TDIV.AS vs. ZPRV.DE - Expense Ratio Comparison
TDIV.AS has a 0.38% expense ratio, which is higher than ZPRV.DE's 0.30% expense ratio.
Dividends
TDIV.AS vs. ZPRV.DE - Dividend Comparison
TDIV.AS's dividend yield for the trailing twelve months is around 3.14%, while ZPRV.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.14% | 3.58% | 4.19% | 4.98% | 4.58% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TDIV.AS and ZPRV.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRV.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRV.DE is cheaper with a 0.30% expense ratio, compared with 0.38% for TDIV.AS.
TDIV.AS is categorized as Global Equity Income, while ZPRV.DE is Small Cap Value Equities. TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.38% for TDIV.AS and 0.30% for ZPRV.DE.
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