TDIV.L vs. TREG.L
TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and TREG.L (VanEck Global Real Estate UCITS ETF) are both exchange-traded funds - TDIV.L is a Dividend fund tracking the VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF, while TREG.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, TDIV.L returned 13.69%/yr vs 2.16%/yr for TREG.L. A 0.54 correlation means they provide meaningful diversification when combined. TDIV.L charges 0.38%/yr vs 0.25%/yr for TREG.L.
Performance
TDIV.L vs. TREG.L - Performance Comparison
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Different Trading Currencies
TDIV.L is traded in USD, while TREG.L is traded in GBP. To make them comparable, the TREG.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 TREG.L's 9.88% return. Over the past 10 years, TDIV.L has outperformed TREG.L with an annualized return of 13.69%, while TREG.L has yielded a comparatively lower 2.16% annualized 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%
TREG.L
- 1D
- 0.32%
- 1M
- 1.74%
- 6M
- 8.50%
- YTD
- 9.88%
- 1Y
- 16.50%
- 3Y*
- 11.09%
- 5Y*
- 2.86%
- 10Y*
- 2.16%
TDIV.L vs. TREG.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 | 10.69% | 40.41% | 8.93% | 15.44% | 9.29% | 18.14% | -2.30% | 37.03% | -6.76% | 3.94% |
TREG.L VanEck Global Real Estate UCITS ETF | 9.88% | 14.68% | 1.06% | 13.30% | -25.65% | 30.14% | -7.29% | 7.67% | -5.85% | 5.00% |
Correlation
The correlation between TDIV.L and TREG.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.54 |
The correlation between TDIV.L and TREG.L has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
TDIV.L vs. TREG.L — Risk / Return Rank
TDIV.L
TREG.L
TDIV.L vs. TREG.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 VanEck Global Real Estate UCITS ETF (TREG.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 | TREG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.23 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 5.40 | 1.50 | +3.89 |
| Martin ratioReturn relative to average drawdown | 15.16 | 5.11 | +10.05 |
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Drawdowns
TDIV.L vs. TREG.L - Drawdown Comparison
The maximum TDIV.L drawdown since its inception was -37.94%, smaller than the maximum TREG.L drawdown of -52.53%. Use the drawdown chart below to compare losses from any high point for TDIV.L and TREG.L.
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Drawdown Indicators
| TDIV.L | TREG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -52.53% | +14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -10.92% | +5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -17.05% | +3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -33.44% | +14.92% |
Max Drawdown (10Y)Largest decline over 10 years | -37.94% | -43.09% | +5.15% |
Current DrawdownCurrent decline from peak | -0.15% | -0.98% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -16.86% | +12.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 3.22% | -1.34% |
Volatility
TDIV.L vs. TREG.L - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.L) and VanEck Global Real Estate UCITS ETF (TREG.L) have volatilities of 3.57% and 3.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDIV.L | TREG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 3.73% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 10.17% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 12.43% | -1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 16.74% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 18.15% | -1.95% |
TDIV.L vs. TREG.L - Expense Ratio Comparison
TDIV.L has a 0.38% expense ratio, which is higher than TREG.L's 0.25% expense ratio.
Dividends
TDIV.L vs. TREG.L - Dividend Comparison
TDIV.L's dividend yield for the trailing twelve months is around 3.14%, less than TREG.L's 3.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TREG.L VanEck Global Real Estate UCITS ETF | 3.34% | 3.57% | 3.48% | 3.64% | 4.54% | 1.82% | 4.49% | 3.41% | 3.83% | 2.79% |
Frequently Asked Questions
TDIV.L and TREG.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TREG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TREG.L is cheaper with a 0.25% expense ratio, compared with 0.38% for TDIV.L.
TDIV.L is categorized as Dividend, while TREG.L is REIT. TDIV.L tracks VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF, while TREG.L tracks FTSE EPRA Nareit Global TR USD. Their fees differ too: 0.38% for TDIV.L and 0.25% for TREG.L.
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