VDIV.DE vs. PSWD.DE
VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) are both Global Equities funds - VDIV.DE tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index while PSWD.DE tracks the FTSE RAFI All-World 3000. Both are passively managed. Over the past 5 years, VDIV.DE returned 17.69%/yr vs 13.47%/yr for PSWD.DE. Their correlation of 0.82 suggests significant overlap in exposure. VDIV.DE charges 0.38%/yr vs 0.39%/yr for PSWD.DE.
Performance
VDIV.DE vs. PSWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VDIV.DE achieves a 10.63% return, which is significantly lower than PSWD.DE's 17.33% return.
VDIV.DE
- 1D
- 0.25%
- 1M
- -0.40%
- YTD
- 10.63%
- 6M
- 10.86%
- 1Y
- 28.67%
- 3Y*
- 20.75%
- 5Y*
- 17.69%
- 10Y*
- —
PSWD.DE
- 1D
- 0.14%
- 1M
- 1.29%
- YTD
- 17.33%
- 6M
- 17.92%
- 1Y
- 34.49%
- 3Y*
- 19.55%
- 5Y*
- 13.47%
- 10Y*
- 12.50%
VDIV.DE vs. PSWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 10.63% | 24.58% | 15.66% | 11.45% | 15.47% | 27.94% | -11.00% | 23.04% | -2.35% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 17.33% | 14.61% | 17.71% | 12.73% | -3.65% | 31.90% | -3.86% | 26.31% | -3.62% |
Correlation
The correlation between VDIV.DE and PSWD.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2018 | 0.82 |
Over the past year, the correlation between VDIV.DE and PSWD.DE has dropped to 0.59 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
VDIV.DE vs. PSWD.DE — Risk / Return Rank
VDIV.DE
PSWD.DE
VDIV.DE vs. PSWD.DE - 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 Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VDIV.DE | PSWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.58 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 7.75 | 5.83 | +1.92 |
| Martin ratioReturn relative to average drawdown | 23.02 | 23.39 | -0.37 |
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Drawdowns
VDIV.DE vs. PSWD.DE - Drawdown Comparison
The maximum VDIV.DE drawdown since its inception was -36.13%, roughly equal to the maximum PSWD.DE drawdown of -36.38%. Use the drawdown chart below to compare losses from any high point for VDIV.DE and PSWD.DE.
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Drawdown Indicators
| VDIV.DE | PSWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.13% | -36.38% | +0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -5.88% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.13% | -18.19% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -18.19% | +3.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.38% | — |
Current DrawdownCurrent decline from peak | -1.64% | -0.74% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -4.20% | -4.65% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.47% | -0.23% |
Volatility
VDIV.DE vs. PSWD.DE - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) is 2.32%, while Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) has a volatility of 3.35%. This indicates that VDIV.DE experiences smaller price fluctuations and is considered to be less risky than PSWD.DE 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 | PSWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 3.35% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.08% | 8.34% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.49% | 10.95% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.94% | 13.23% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 15.17% | +0.16% |
VDIV.DE vs. PSWD.DE - Expense Ratio Comparison
VDIV.DE has a 0.38% expense ratio, which is lower than PSWD.DE's 0.39% expense ratio.
Dividends
VDIV.DE vs. PSWD.DE - Dividend Comparison
VDIV.DE's dividend yield for the trailing twelve months is around 3.17%, more than PSWD.DE's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.68% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.17% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VDIV.DE and PSWD.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDIV.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDIV.DE is cheaper with a 0.38% expense ratio, compared with 0.39% for PSWD.DE.
VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while PSWD.DE tracks FTSE RAFI All-World 3000. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.38% for VDIV.DE and 0.39% for PSWD.DE.
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