UEEH.DE vs. VDIV.DE
UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equities funds - UEEH.DE tracks the MSCI World Minimum Volatility while VDIV.DE tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, UEEH.DE returned 5.98%/yr vs 17.51%/yr for VDIV.DE. A 0.61 correlation means they provide meaningful diversification when combined. UEEH.DE charges 0.30%/yr vs 0.38%/yr for VDIV.DE.
Performance
UEEH.DE vs. VDIV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEH.DE achieves a 1.54% return, which is significantly lower than VDIV.DE's 9.79% return.
UEEH.DE
- 1D
- -0.04%
- 1M
- 1.86%
- YTD
- 1.54%
- 6M
- 1.53%
- 1Y
- 0.02%
- 3Y*
- 6.19%
- 5Y*
- 5.98%
- 10Y*
- —
VDIV.DE
- 1D
- 0.23%
- 1M
- -0.18%
- YTD
- 9.79%
- 6M
- 12.68%
- 1Y
- 25.52%
- 3Y*
- 19.95%
- 5Y*
- 17.51%
- 10Y*
- —
UEEH.DE vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.54% | -1.55% | 17.56% | 3.56% | -4.40% | 23.98% | 0.94% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.79% | 24.55% | 15.67% | 11.47% | 15.47% | 27.92% | 10.77% |
Correlation
The correlation between UEEH.DE and VDIV.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020 | 0.61 |
The correlation between UEEH.DE and VDIV.DE has been stable across timeframes, ranging from 0.51 to 0.61 - a consistent structural relationship.
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Return for Risk
UEEH.DE vs. VDIV.DE — Risk / Return Rank
UEEH.DE
VDIV.DE
UEEH.DE vs. VDIV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.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.
| UEEH.DE | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.51 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 6.94 | -7.03 |
| Martin ratioReturn relative to average drawdown | -0.22 | 20.46 | -20.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UEEH.DE | VDIV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 2.73 | -2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 1.45 | -0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.94 | -0.29 |
Drawdowns
UEEH.DE vs. VDIV.DE - Drawdown Comparison
The maximum UEEH.DE drawdown since its inception was -12.82%, smaller than the maximum VDIV.DE drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for UEEH.DE and VDIV.DE.
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Drawdown Indicators
| UEEH.DE | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.82% | -36.12% | +23.30% |
Max Drawdown (1Y)Largest decline over 1 year | -5.49% | -3.68% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -12.82% | -15.12% | +2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -12.82% | -15.12% | +2.30% |
Current DrawdownCurrent decline from peak | -6.93% | -2.39% | -4.54% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -4.22% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.25% | +1.27% |
Volatility
UEEH.DE vs. VDIV.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) is 2.62%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) has a volatility of 2.82%. This indicates that UEEH.DE experiences smaller price fluctuations and is considered to be less risky than VDIV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEEH.DE | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.82% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 5.56% | 6.79% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 9.36% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.11% | 11.92% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.26% | 15.36% | -5.10% |
UEEH.DE vs. VDIV.DE - Expense Ratio Comparison
UEEH.DE has a 0.30% expense ratio, which is lower than VDIV.DE's 0.38% expense ratio.
Dividends
UEEH.DE vs. VDIV.DE - Dividend Comparison
UEEH.DE's dividend yield for the trailing twelve months is around 1.45%, less than VDIV.DE's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.45% | 1.49% | 1.59% | 1.76% | 1.70% | 1.37% | 0.00% | 0.00% | 0.00% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.19% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% |
Frequently Asked Questions
UEEH.DE and VDIV.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEH.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEH.DE is cheaper with a 0.30% expense ratio, compared with 0.38% for VDIV.DE.
UEEH.DE tracks MSCI World Minimum Volatility, while VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.30% for UEEH.DE and 0.38% for VDIV.DE.
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