TDIV.L vs. DHS.L
TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist)) and DHS.L (WisdomTree US High Dividend UCITS ETF USD (Dist)) are both exchange-traded funds - TDIV.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while DHS.L is a Dividend fund tracking the WisdomTree US High Dividend UCITS Index. Both are passively managed. Over the past 10 years, TDIV.L returned 13.83%/yr vs 8.69%/yr for DHS.L. A 0.67 correlation means they provide meaningful diversification when combined. TDIV.L charges 0.38%/yr vs 0.29%/yr for DHS.L.
Performance
TDIV.L vs. DHS.L - Performance Comparison
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Different Trading Currencies
TDIV.L is traded in USD, while DHS.L is traded in GBp. To make them comparable, the DHS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TDIV.L achieves a 11.84% return, which is significantly lower than DHS.L's 14.81% return. Over the past 10 years, TDIV.L has outperformed DHS.L with an annualized return of 13.83%, while DHS.L has yielded a comparatively lower 8.69% annualized return.
TDIV.L
- 1D
- 0.32%
- 1M
- 2.15%
- 6M
- 10.53%
- YTD
- 11.84%
- 1Y
- 29.81%
- 3Y*
- 22.34%
- 5Y*
- 17.81%
- 10Y*
- 13.83%
DHS.L
- 1D
- 0.50%
- 1M
- 6.00%
- 6M
- 11.24%
- YTD
- 14.81%
- 1Y
- 24.68%
- 3Y*
- 16.27%
- 5Y*
- 11.40%
- 10Y*
- 8.69%
TDIV.L vs. DHS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 11.84% | 40.41% | 8.93% | 15.44% | 9.29% | 18.14% | -2.30% | 37.03% | -6.76% | 3.94% |
DHS.L WisdomTree US High Dividend UCITS ETF USD (Dist) | 14.81% | 12.68% | 15.37% | -0.77% | 7.10% | 24.48% | -6.64% | 21.52% | -8.36% | 10.96% |
Correlation
The correlation between TDIV.L and DHS.L is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.67 |
The correlation between TDIV.L and DHS.L shifts across timeframes, from 0.59 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TDIV.L vs. DHS.L — Risk / Return Rank
TDIV.L
DHS.L
TDIV.L vs. DHS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.L) and WisdomTree US High Dividend UCITS ETF USD (Dist) (DHS.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.
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.L | DHS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.39 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.64 | 3.03 | +2.61 |
| Martin ratioReturn relative to average drawdown | 15.83 | 9.77 | +6.06 |
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Drawdowns
TDIV.L vs. DHS.L - Drawdown Comparison
The maximum TDIV.L drawdown since its inception was -37.94%, smaller than the maximum DHS.L drawdown of -41.19%. Use the drawdown chart below to compare losses from any high point for TDIV.L and DHS.L.
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Drawdown Indicators
| TDIV.L | DHS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -41.19% | +3.25% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -8.11% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -15.88% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -17.05% | -1.47% |
Max Drawdown (10Y)Largest decline over 10 years | -37.94% | -36.89% | -1.05% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -14.20% | +10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.52% | -0.64% |
Volatility
TDIV.L vs. DHS.L - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.L) has a higher volatility of 2.90% compared to WisdomTree US High Dividend UCITS ETF USD (Dist) (DHS.L) at 2.39%. This indicates that TDIV.L's price experiences larger fluctuations and is considered to be riskier than DHS.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.L | DHS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 2.39% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 8.09% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 10.70% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 14.63% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 15.36% | +0.84% |
TDIV.L vs. DHS.L - Expense Ratio Comparison
TDIV.L has a 0.38% expense ratio, which is higher than DHS.L's 0.29% expense ratio.
Dividends
TDIV.L vs. DHS.L - Dividend Comparison
TDIV.L's dividend yield for the trailing twelve months is around 3.10%, more than DHS.L's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHS.L WisdomTree US High Dividend UCITS ETF USD (Dist) | 2.56% | 2.89% | 2.93% | 3.50% | 2.83% | 2.87% | 3.76% | 3.16% | 3.06% | 2.70% | 2.51% | 2.46% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 3.10% | 3.49% | 4.36% | 4.82% | 4.49% | 4.14% | 3.88% | 4.37% | 5.77% | 4.50% | 0.00% | 0.00% |
Frequently Asked Questions
TDIV.L and DHS.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DHS.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DHS.L is cheaper with a 0.29% expense ratio, compared with 0.38% for TDIV.L.
TDIV.L is categorized as Global Equities, while DHS.L is Dividend. TDIV.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while DHS.L tracks WisdomTree US High Dividend UCITS Index. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.38% for TDIV.L and 0.29% for DHS.L.
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