TDIV.L vs. WQDS.L
TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and WQDS.L (iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)) are both exchange-traded funds - TDIV.L is a Dividend fund tracking the VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF, while WQDS.L is a Global Equities fund tracking the MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. Both are passively managed. Over the past 5 years, TDIV.L returned 17.57%/yr vs 12.32%/yr for WQDS.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.38% expense ratio.
Performance
TDIV.L vs. WQDS.L - Performance Comparison
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Different Trading Currencies
TDIV.L is traded in USD, while WQDS.L is traded in GBp. To make them comparable, the WQDS.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 lower than WQDS.L's 15.87% 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%
WQDS.L
- 1D
- 0.04%
- 1M
- 0.37%
- 6M
- 14.07%
- YTD
- 15.87%
- 1Y
- 29.54%
- 3Y*
- 18.61%
- 5Y*
- 12.32%
- 10Y*
- —
TDIV.L vs. WQDS.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% | 2.07% |
WQDS.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) | 15.87% | 24.26% | 9.82% | 16.65% | -7.07% | 16.41% | -0.41% | 23.53% | -10.68% | -15.17% |
Correlation
The correlation between TDIV.L and WQDS.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.74 |
The correlation between TDIV.L and WQDS.L shifts across timeframes, from 0.58 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TDIV.L vs. WQDS.L — Risk / Return Rank
TDIV.L
WQDS.L
TDIV.L vs. WQDS.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 iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.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 | WQDS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.45 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 5.40 | 3.62 | +1.77 |
| Martin ratioReturn relative to average drawdown | 15.16 | 13.55 | +1.61 |
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Drawdowns
TDIV.L vs. WQDS.L - Drawdown Comparison
The maximum TDIV.L drawdown since its inception was -37.94%, roughly equal to the maximum WQDS.L drawdown of -37.21%. Use the drawdown chart below to compare losses from any high point for TDIV.L and WQDS.L.
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Drawdown Indicators
| TDIV.L | WQDS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -37.21% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -8.11% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -14.02% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -21.68% | +3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -37.94% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | -0.22% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -8.83% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.17% | -0.29% |
Volatility
TDIV.L vs. WQDS.L - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.L) has a higher volatility of 3.57% compared to iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.L) at 2.75%. This indicates that TDIV.L's price experiences larger fluctuations and is considered to be riskier than WQDS.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 | WQDS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 2.75% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 9.35% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 11.73% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 13.79% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 16.24% | -0.04% |
TDIV.L vs. WQDS.L - Expense Ratio Comparison
Both TDIV.L and WQDS.L have an expense ratio of 0.38%.
Dividends
TDIV.L vs. WQDS.L - Dividend Comparison
TDIV.L's dividend yield for the trailing twelve months is around 3.14%, more than WQDS.L's 2.15% 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% |
WQDS.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) | 2.15% | 2.34% | 2.56% | 2.86% | 2.97% | 2.70% | 3.03% | 3.10% | 0.00% | 0.00% |
Frequently Asked Questions
TDIV.L and WQDS.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TDIV.L and WQDS.L have the same expense ratio: 0.38% per year.
TDIV.L is categorized as Dividend, while WQDS.L is Global Equities. TDIV.L tracks VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF, while WQDS.L tracks MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. They also come from different issuers: VanEck and iShares.
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