VDIV.DE vs. HDEU.L
VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both exchange-traded funds - VDIV.DE is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while HDEU.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, VDIV.DE returned 17.51%/yr vs 12.72%/yr for HDEU.L. A 0.75 correlation means they provide meaningful diversification when combined. VDIV.DE charges 0.38%/yr vs 0.30%/yr for HDEU.L.
Performance
VDIV.DE vs. HDEU.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VDIV.DE having a 9.79% return and HDEU.L slightly higher at 10.26%.
VDIV.DE
- 1D
- 0.23%
- 1M
- -0.18%
- YTD
- 9.79%
- 6M
- 12.68%
- 1Y
- 25.52%
- 3Y*
- 19.95%
- 5Y*
- 17.51%
- 10Y*
- —
HDEU.L
- 1D
- -0.29%
- 1M
- -0.74%
- YTD
- 10.26%
- 6M
- 12.26%
- 1Y
- 20.78%
- 3Y*
- 20.15%
- 5Y*
- 12.72%
- 10Y*
- 8.16%
VDIV.DE vs. HDEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.79% | 24.55% | 15.67% | 11.47% | 15.47% | 27.92% | -11.00% | 23.04% | -3.07% |
HDEU.L PowerShares EURO STOXX High Dividend Low Volatility UCITS | 10.26% | 35.87% | 10.18% | 13.58% | -8.23% | 21.08% | -17.97% | 17.34% | -0.82% |
Correlation
The correlation between VDIV.DE and HDEU.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.75 |
The correlation between VDIV.DE and HDEU.L shifts across timeframes, from 0.64 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VDIV.DE vs. HDEU.L — Risk / Return Rank
VDIV.DE
HDEU.L
VDIV.DE vs. HDEU.L - 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 PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.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.
| VDIV.DE | HDEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.38 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.94 | 3.57 | +3.37 |
| Martin ratioReturn relative to average drawdown | 20.46 | 11.36 | +9.10 |
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
| VDIV.DE | HDEU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 2.07 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.45 | 0.94 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.51 | +0.43 |
Drawdowns
VDIV.DE vs. HDEU.L - Drawdown Comparison
The maximum VDIV.DE drawdown since its inception was -36.12%, smaller than the maximum HDEU.L drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for VDIV.DE and HDEU.L.
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Drawdown Indicators
| VDIV.DE | HDEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -40.22% | +4.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -5.88% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -12.86% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -15.12% | -22.45% | +7.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.22% | — |
Current DrawdownCurrent decline from peak | -2.39% | -1.97% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -5.72% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.85% | -0.60% |
Volatility
VDIV.DE vs. HDEU.L - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) is 2.82%, while PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) has a volatility of 3.12%. This indicates that VDIV.DE experiences smaller price fluctuations and is considered to be less risky than HDEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDIV.DE | HDEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 3.12% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 6.79% | 7.85% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.36% | 10.14% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.92% | 13.50% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.36% | 15.95% | -0.59% |
VDIV.DE vs. HDEU.L - Expense Ratio Comparison
VDIV.DE has a 0.38% expense ratio, which is higher than HDEU.L's 0.30% expense ratio.
Dividends
VDIV.DE vs. HDEU.L - Dividend Comparison
VDIV.DE's dividend yield for the trailing twelve months is around 3.19%, less than HDEU.L's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HDEU.L PowerShares EURO STOXX High Dividend Low Volatility UCITS | 3.98% | 4.71% | 5.77% | 5.56% | 5.60% | 4.21% | 3.04% | 4.50% | 4.38% | 3.44% | 3.59% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
VDIV.DE and HDEU.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDEU.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDEU.L is cheaper with a 0.30% expense ratio, compared with 0.38% for VDIV.DE.
VDIV.DE is categorized as Global Equities, while HDEU.L is Europe Equities. VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while HDEU.L tracks MSCI EMU NR EUR. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.38% for VDIV.DE and 0.30% for HDEU.L.
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