VDIV.DE vs. GC=F

Last updated Jun 9, 2026

VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) is Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while GC=F (Gold Futures) is an asset. At a correlation of -0.01, they often move in opposite directions.

Performance

VDIV.DE vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) and Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VDIV.DE is traded in EUR, while GC=F is traded in USD. To make them comparable, the GC=F values have been converted to EUR using the latest available exchange rates.

Returns By Period

VDIV.DE

• 1D: 0.17%
• 1M: 1.83%
• YTD: 10.21%
• 6M: 13.27%
• 1Y: 25.27%
• 3Y*: 19.73%
• 5Y*: 17.59%
• 10Y*: —

GC=F

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

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

VDIV.DE vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	10.21%	24.58%	15.66%	11.45%	8.50%
GC=F Gold Futures	0.00%	0.00%	0.00%	0.00%	13.25%

Correlation

The correlation between VDIV.DE and GC=F is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	-0.01

Return for Risk

VDIV.DE vs. GC=F — Risk / Return Rank

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

VDIV.DE

VDIV.DE Risk / Return Rank: 90
VDIV.DE Sharpe Ratio Rank: 89
VDIV.DE Sortino Ratio Rank: 90
VDIV.DE Omega Ratio Rank: 87
VDIV.DE Calmar Ratio Rank: 95
VDIV.DE Martin Ratio Rank: 91

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.

VDIV.DE vs. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) and Gold Futures (GC=F). 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.

	VDIV.DE	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	2.67	—	—
Sortino ratio: Return per unit of downside risk	3.78	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	6.88	—	—
Martin ratio: Return relative to average drawdown	19.93	—	—
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

	VDIV.DE	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	—	—

Drawdowns

Drawdown Indicators

	VDIV.DE	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-36.13%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.13%	—	—
Current Drawdown Current decline from peak	-2.01%	—	—
Average Drawdown Average peak-to-trough decline	-4.22%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	—	—

Volatility

Volatility by Period

	VDIV.DE	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.49%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.36%	—	—

Frequently Asked Questions

Can I hold both VDIV.DE and GC=F in my portfolio?

VDIV.DE and GC=F have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.