TDIV.L vs. JPAS.L
TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and JPAS.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc) are both Dividend funds. TDIV.L is passively managed, while JPAS.L is actively managed. Over the past 5 years, TDIV.L returned 17.57%/yr vs 3.77%/yr for JPAS.L. At a correlation of -0.19, they often move in opposite directions. TDIV.L charges 0.38%/yr vs 0.18%/yr for JPAS.L.
Performance
TDIV.L vs. JPAS.L - Performance Comparison
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Different Trading Currencies
TDIV.L is traded in USD, while JPAS.L is traded in GBP. To make them comparable, the JPAS.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 10.69% return, which is significantly higher than JPAS.L's 2.11% return.
TDIV.L
- 1D
- -0.15%
- 1M
- 1.36%
- 6M
- 9.22%
- YTD
- 10.69%
- 1Y
- 28.89%
- 3Y*
- 22.29%
- 5Y*
- 17.57%
- 10Y*
- 13.69%
JPAS.L
- 1D
- 0.52%
- 1M
- 0.76%
- 6M
- 2.06%
- YTD
- 2.11%
- 1Y
- 4.71%
- 3Y*
- 5.27%
- 5Y*
- 3.77%
- 10Y*
- —
TDIV.L vs. JPAS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 10.69% | 40.41% | 8.93% | 15.44% | 9.29% | 18.14% | -2.30% | 6.23% |
JPAS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc | 2.11% | 5.32% | 5.49% | 4.53% | 1.03% | 0.46% | 1.85% | -21.87% |
Correlation
The correlation between TDIV.L and JPAS.L is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019 | -0.19 |
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Return for Risk
TDIV.L vs. JPAS.L — Risk / Return Rank
TDIV.L
JPAS.L
TDIV.L vs. JPAS.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.L) and JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc (JPAS.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 | JPAS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.20 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 5.40 | 3.87 | +1.53 |
| Martin ratioReturn relative to average drawdown | 15.16 | 14.78 | +0.38 |
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Drawdowns
TDIV.L vs. JPAS.L - Drawdown Comparison
The maximum TDIV.L drawdown since its inception was -37.94%, which is greater than JPAS.L's maximum drawdown of -24.25%. Use the drawdown chart below to compare losses from any high point for TDIV.L and JPAS.L.
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Drawdown Indicators
| TDIV.L | JPAS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -24.25% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -1.21% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -1.21% | -12.68% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -2.53% | -15.99% |
Max Drawdown (10Y)Largest decline over 10 years | -37.94% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | -4.22% | +4.07% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -16.59% | +12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 0.32% | +1.56% |
Volatility
TDIV.L vs. JPAS.L - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.L) has a higher volatility of 3.57% compared to JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc (JPAS.L) at 1.36%. This indicates that TDIV.L's price experiences larger fluctuations and is considered to be riskier than JPAS.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 | JPAS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 1.36% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 3.69% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 4.30% | +6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 4.76% | +9.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 9.93% | +6.27% |
TDIV.L vs. JPAS.L - Expense Ratio Comparison
TDIV.L has a 0.38% expense ratio, which is higher than JPAS.L's 0.18% expense ratio.
Dividends
TDIV.L vs. JPAS.L - Dividend Comparison
TDIV.L's dividend yield for the trailing twelve months is around 3.14%, while JPAS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JPAS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.14% | 3.49% | 4.36% | 4.82% | 4.49% | 4.14% | 3.88% | 4.37% | 5.77% | 4.50% |
Frequently Asked Questions
TDIV.L and JPAS.L have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPAS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPAS.L is cheaper with a 0.18% expense ratio, compared with 0.38% for TDIV.L.
They also come from different issuers: VanEck and JPMorgan. Their fees differ too: 0.38% for TDIV.L and 0.18% for JPAS.L.
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