TDIV.L vs. WRDA.L
TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist)) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - TDIV.L tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, TDIV.L returned 29.81% vs 21.59% for WRDA.L. A 0.51 correlation means they provide meaningful diversification when combined. TDIV.L charges 0.38%/yr vs 0.06%/yr for WRDA.L.
Performance
TDIV.L vs. WRDA.L - Performance Comparison
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Different Trading Currencies
TDIV.L is traded in USD, while WRDA.L is traded in GBp. To make them comparable, the WRDA.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 higher than WRDA.L's 10.24% 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%
WRDA.L
- 1D
- 0.00%
- 1M
- 1.13%
- 6M
- 8.57%
- YTD
- 10.24%
- 1Y
- 21.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDIV.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 11.84% | 40.41% | 9.20% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.24% | 21.28% | 17.83% |
Correlation
The correlation between TDIV.L and WRDA.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.51 |
The correlation between TDIV.L and WRDA.L has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
TDIV.L vs. WRDA.L — Risk / Return Rank
TDIV.L
WRDA.L
TDIV.L vs. WRDA.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 UBS Core MSCI World UCITS ETF USD Acc (WRDA.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 | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.15 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.33 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.64 | 0.78 | +4.86 |
| Martin ratioReturn relative to average drawdown | 15.83 | 1.17 | +14.66 |
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Drawdowns
TDIV.L vs. WRDA.L - Drawdown Comparison
The maximum TDIV.L drawdown since its inception was -37.94%, which is greater than WRDA.L's maximum drawdown of -27.71%. Use the drawdown chart below to compare losses from any high point for TDIV.L and WRDA.L.
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Drawdown Indicators
| TDIV.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -27.71% | -10.23% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -27.71% | +22.44% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.94% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -15.43% | +15.43% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -7.49% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 18.40% | -16.52% |
Volatility
TDIV.L vs. WRDA.L - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) have volatilities of 2.90% and 2.90%, 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 | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 2.90% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 9.04% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 43.29% | -32.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 29.69% | -15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 29.69% | -13.49% |
TDIV.L vs. WRDA.L - Expense Ratio Comparison
TDIV.L has a 0.38% expense ratio, which is higher than WRDA.L's 0.06% expense ratio.
Dividends
TDIV.L vs. WRDA.L - Dividend Comparison
TDIV.L's dividend yield for the trailing twelve months is around 3.10%, while WRDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TDIV.L and WRDA.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.38% for TDIV.L.
TDIV.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while WRDA.L tracks MSCI World Index. They also come from different issuers: VanEck and UBS. Their fees differ too: 0.38% for TDIV.L and 0.06% for WRDA.L.
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