TDIV vs. IDVY.L

Last updated Jun 10, 2026

TDIV (First Trust NASDAQ Technology Dividend Index Fund) and IDVY.L (iShares EURO Dividend UCITS) are both exchange-traded funds - TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index, while IDVY.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, TDIV returned 18.41%/yr vs 7.92%/yr for IDVY.L. At a 0.42 correlation, their price movements are largely independent. TDIV charges 0.50%/yr vs 0.40%/yr for IDVY.L.

Performance

TDIV vs. IDVY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Technology Dividend Index Fund (TDIV) and iShares EURO Dividend UCITS (IDVY.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TDIV is traded in USD, while IDVY.L is traded in GBp. To make them comparable, the IDVY.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TDIV achieves a 20.48% return, which is significantly higher than IDVY.L's 6.31% return. Over the past 10 years, TDIV has outperformed IDVY.L with an annualized return of 18.41%, while IDVY.L has yielded a comparatively lower 7.92% annualized return.

TDIV

• 1D: -1.40%
• 1M: 2.98%
• YTD: 20.48%
• 6M: 16.19%
• 1Y: 39.10%
• 3Y*: 29.65%
• 5Y*: 17.29%
• 10Y*: 18.41%

IDVY.L

• 1D: 0.24%
• 1M: 0.00%
• YTD: 6.31%
• 6M: 8.92%
• 1Y: 21.80%
• 3Y*: 22.85%
• 5Y*: 7.84%
• 10Y*: 7.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TDIV vs. IDVY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TDIV First Trust NASDAQ Technology Dividend Index Fund	20.48%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%
IDVY.L iShares EURO Dividend UCITS	6.31%	60.05%	1.66%	7.46%	-17.88%	14.63%	-10.61%	19.75%	-15.08%	24.65%

Correlation

The correlation between TDIV and IDVY.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Aug 14, 2012	0.42

The correlation between TDIV and IDVY.L shifts across timeframes, from 0.28 (3 years) to 0.42 (all time), reflecting how their relationship changes across market environments.

TDIV vs. IDVY.L - Sectors Allocation Comparison

Sectors	TDIV	IDVY.L
Technology	85.0%	-
Communication Services	13.4%	5.8%
Industrials	1.6%	15.9%
Basic Materials	-	-
Consumer Cyclical	-	9.7%
Consumer Defensive	-	4.5%
Energy	-	5.0%
Financial Services	-	47.1%
Healthcare	-	3.3%
Real Estate	-	-
Utilities	-	8.6%

Return for Risk

TDIV vs. IDVY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TDIV

TDIV Risk / Return Rank: 70
TDIV Sharpe Ratio Rank: 70
TDIV Sortino Ratio Rank: 65
TDIV Omega Ratio Rank: 66
TDIV Calmar Ratio Rank: 79
TDIV Martin Ratio Rank: 67

IDVY.L

IDVY.L Risk / Return Rank: 64
IDVY.L Sharpe Ratio Rank: 68
IDVY.L Sortino Ratio Rank: 66
IDVY.L Omega Ratio Rank: 70
IDVY.L Calmar Ratio Rank: 58
IDVY.L Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TDIV vs. IDVY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) and iShares EURO Dividend UCITS (IDVY.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.

	TDIV	IDVY.L	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.55	+0.46
Sortino ratio: Return per unit of downside risk	2.65	2.20	+0.46
Omega ratio: Gain probability vs. loss probability	1.35	1.28	+0.07
Calmar ratio: Return relative to maximum drawdown	3.66	2.16	+1.50
Martin ratio: Return relative to average drawdown	10.96	6.75	+4.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDIV vs. IDVY.L - Sharpe Ratio Comparison

The current TDIV Sharpe Ratio is 2.01, which is comparable to the IDVY.L Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of TDIV and IDVY.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TDIV	IDVY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.55	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.42	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.40	+0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.03	+0.81

Drawdowns

TDIV vs. IDVY.L - Drawdown Comparison

The maximum TDIV drawdown since its inception was -31.97%, smaller than the maximum IDVY.L drawdown of -78.72%. Use the drawdown chart below to compare losses from any high point for TDIV and IDVY.L.

Drawdown Indicators

	TDIV	IDVY.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-78.72%	+46.75%
Max Drawdown (1Y) Largest decline over 1 year	-10.74%	-10.05%	-0.69%
Max Drawdown (3Y) Largest decline over 3 years	-23.00%	-13.55%	-9.45%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-36.73%	+4.76%
Max Drawdown (10Y) Largest decline over 10 years	-31.97%	-46.94%	+14.97%
Current Drawdown Current decline from peak	-9.39%	-1.81%	-7.58%
Average Drawdown Average peak-to-trough decline	-4.84%	-44.78%	+39.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	3.22%	+0.36%

Volatility

TDIV vs. IDVY.L - Volatility Comparison

First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a higher volatility of 9.74% compared to iShares EURO Dividend UCITS (IDVY.L) at 3.32%. This indicates that TDIV's price experiences larger fluctuations and is considered to be riskier than IDVY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDIV	IDVY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.74%	3.32%	+6.42%
Volatility (6M) Calculated over the trailing 6-month period	15.37%	11.00%	+4.37%
Volatility (1Y) Calculated over the trailing 1-year period	19.53%	14.00%	+5.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.86%	18.57%	+2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.95%	19.83%	+1.12%

TDIV vs. IDVY.L - Expense Ratio Comparison

TDIV has a 0.50% expense ratio, which is higher than IDVY.L's 0.40% expense ratio.

Dividends

TDIV vs. IDVY.L - Dividend Comparison

TDIV's dividend yield for the trailing twelve months is around 1.21%, less than IDVY.L's 3.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDVY.L iShares EURO Dividend UCITS	3.98%	4.28%	5.94%	5.75%	5.08%	3.76%	3.59%	5.03%	4.68%	3.85%	3.69%	3.93%
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.21%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%

Frequently Asked Questions

Can I hold both TDIV and IDVY.L in my portfolio?

TDIV and IDVY.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDIV or IDVY.L?

On fees, IDVY.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDIV or IDVY.L?

IDVY.L is cheaper with a 0.40% expense ratio, compared with 0.50% for TDIV.

What is the main difference between TDIV and IDVY.L?

TDIV is categorized as Technology Equities, while IDVY.L is Europe Equities. TDIV tracks NASDAQ Technology Dividend Index, while IDVY.L tracks MSCI EMU NR EUR. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.50% for TDIV and 0.40% for IDVY.L.