UDIV.DE vs. TDVX.DE

Last updated Jun 5, 2026

UDIV.DE (Global X SuperDividend UCITS ETF USD Distributing) and TDVX.DE (VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF A USD Acc) are both Dividend funds - UDIV.DE tracks the Solactive Global SuperDividend Index while TDVX.DE tracks the Morningstar Developed Markets ex-US Large Cap Dividend Leaders Screened Select Index. Both are passively managed. At a 0.30 correlation, their price movements are largely independent. UDIV.DE charges 0.45%/yr vs 0.38%/yr for TDVX.DE.

Performance

UDIV.DE vs. TDVX.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X SuperDividend UCITS ETF USD Distributing (UDIV.DE) and VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF A USD Acc (TDVX.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UDIV.DE

• 1D: 0.37%
• 1M: -3.13%
• YTD: 7.97%
• 6M: 7.08%
• 1Y: 23.35%
• 3Y*: 16.38%
• 5Y*: —
• 10Y*: —

TDVX.DE

• 1D: 0.32%
• 1M: 0.73%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UDIV.DE vs. TDVX.DE - Yearly Performance Comparison

	2026 (YTD)
UDIV.DE Global X SuperDividend UCITS ETF USD Distributing	-2.59%
TDVX.DE VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF A USD Acc	1.12%

Correlation

The correlation between UDIV.DE and TDVX.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026	0.30

Return for Risk

UDIV.DE vs. TDVX.DE — Risk / Return Rank

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

UDIV.DE

UDIV.DE Risk / Return Rank: 78
UDIV.DE Sharpe Ratio Rank: 72
UDIV.DE Sortino Ratio Rank: 70
UDIV.DE Omega Ratio Rank: 75
UDIV.DE Calmar Ratio Rank: 87
UDIV.DE Martin Ratio Rank: 88

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.

UDIV.DE vs. TDVX.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X SuperDividend UCITS ETF USD Distributing (UDIV.DE) and VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF A USD Acc (TDVX.DE). 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.

	UDIV.DE	TDVX.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.31	—	—
Sortino ratio: Return per unit of downside risk	3.16	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	4.98	—	—
Martin ratio: Return relative to average drawdown	18.99	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UDIV.DE	TDVX.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.88	-0.67

Drawdowns

UDIV.DE vs. TDVX.DE - Drawdown Comparison

The maximum UDIV.DE drawdown since its inception was -29.76%, which is greater than TDVX.DE's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for UDIV.DE and TDVX.DE.

Drawdown Indicators

	UDIV.DE	TDVX.DE	Difference
Max Drawdown Largest peak-to-trough decline	-29.76%	-2.51%	-27.25%
Max Drawdown (1Y) Largest decline over 1 year	-4.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.11%	—	—
Current Drawdown Current decline from peak	-3.13%	-1.99%	-1.14%
Average Drawdown Average peak-to-trough decline	-11.31%	-0.88%	-10.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	—	—

Volatility

Volatility by Period

	UDIV.DE	TDVX.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.07%	11.32%	-1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.33%	11.32%	+4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.33%	11.32%	+4.01%

UDIV.DE vs. TDVX.DE - Expense Ratio Comparison

UDIV.DE has a 0.45% expense ratio, which is higher than TDVX.DE's 0.38% expense ratio.

Dividends

UDIV.DE vs. TDVX.DE - Dividend Comparison

UDIV.DE's dividend yield for the trailing twelve months is around 9.17%, while TDVX.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
TDVX.DE VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF A USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%
UDIV.DE Global X SuperDividend UCITS ETF USD Distributing	9.17%	9.75%	14.48%	18.90%	8.94%

Frequently Asked Questions

Can I hold both UDIV.DE and TDVX.DE in my portfolio?

UDIV.DE and TDVX.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UDIV.DE or TDVX.DE?

On fees, TDVX.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UDIV.DE or TDVX.DE?

TDVX.DE is cheaper with a 0.38% expense ratio, compared with 0.45% for UDIV.DE.

What is the main difference between UDIV.DE and TDVX.DE?

UDIV.DE tracks Solactive Global SuperDividend Index, while TDVX.DE tracks Morningstar Developed Markets ex-US Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Global X and VanEck. Their fees differ too: 0.45% for UDIV.DE and 0.38% for TDVX.DE.