TDIV.L vs. MVOL.L
TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist)) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both Global Equities funds - TDIV.L tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index while MVOL.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, TDIV.L returned 13.78%/yr vs 6.83%/yr for MVOL.L. A 0.65 correlation means they provide meaningful diversification when combined. TDIV.L charges 0.38%/yr vs 0.35%/yr for MVOL.L.
Performance
TDIV.L vs. MVOL.L - Performance Comparison
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Returns By Period
In the year-to-date period, TDIV.L achieves a 11.48% return, which is significantly higher than MVOL.L's 2.60% return. Over the past 10 years, TDIV.L has outperformed MVOL.L with an annualized return of 13.78%, while MVOL.L has yielded a comparatively lower 6.83% annualized return.
TDIV.L
- 1D
- 0.57%
- 1M
- 1.72%
- 6M
- 10.29%
- YTD
- 11.48%
- 1Y
- 29.47%
- 3Y*
- 22.59%
- 5Y*
- 17.74%
- 10Y*
- 13.78%
MVOL.L
- 1D
- 0.65%
- 1M
- 1.99%
- 6M
- 2.88%
- YTD
- 2.60%
- 1Y
- 4.67%
- 3Y*
- 9.17%
- 5Y*
- 5.10%
- 10Y*
- 6.83%
TDIV.L vs. MVOL.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) | 11.48% | 40.41% | 8.93% | 15.44% | 9.29% | 18.14% | -2.30% | 37.03% | -6.76% | 3.94% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 2.60% | 11.02% | 11.08% | 7.28% | -9.62% | 14.65% | 2.56% | 22.56% | -2.40% | 17.39% |
Correlation
The correlation between TDIV.L and MVOL.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.65 |
The correlation between TDIV.L and MVOL.L has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.
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Return for Risk
TDIV.L vs. MVOL.L — Risk / Return Rank
TDIV.L
MVOL.L
TDIV.L vs. MVOL.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 iShares Edge MSCI World Minimum Volatility UCITS (MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.11 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 5.57 | 0.81 | +4.77 |
| Martin ratioReturn relative to average drawdown | 15.65 | 1.76 | +13.89 |
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Drawdowns
TDIV.L vs. MVOL.L - Drawdown Comparison
The maximum TDIV.L drawdown since its inception was -37.94%, which is greater than MVOL.L's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for TDIV.L and MVOL.L.
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Drawdown Indicators
| TDIV.L | MVOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -28.82% | -9.12% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -5.78% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -8.15% | -5.74% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -18.52% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -37.94% | -28.82% | -9.12% |
Current DrawdownCurrent decline from peak | 0.00% | -2.01% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -3.30% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.65% | -0.77% |
Volatility
TDIV.L vs. MVOL.L - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.L) has a higher volatility of 3.60% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 2.29%. This indicates that TDIV.L's price experiences larger fluctuations and is considered to be riskier than MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 2.29% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 6.07% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 7.87% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 10.67% | +3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 11.62% | +4.58% |
TDIV.L vs. MVOL.L - Expense Ratio Comparison
TDIV.L has a 0.38% expense ratio, which is higher than MVOL.L's 0.35% expense ratio.
Dividends
TDIV.L vs. MVOL.L - Dividend Comparison
TDIV.L's dividend yield for the trailing twelve months is around 3.11%, while MVOL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 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 USD (Dist) | 3.11% | 3.49% | 4.36% | 4.82% | 4.49% | 4.14% | 3.88% | 4.37% | 5.77% | 4.50% |
Frequently Asked Questions
TDIV.L and MVOL.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVOL.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVOL.L is cheaper with a 0.35% expense ratio, compared with 0.38% for TDIV.L.
TDIV.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while MVOL.L tracks MSCI ACWI NR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.38% for TDIV.L and 0.35% for MVOL.L.
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