VDIV.DE vs. VWCE.DE

Last updated Jun 5, 2026

VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds - VDIV.DE tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index while VWCE.DE tracks the FTSE All-World Index. Both are passively managed. Over the past 5 years, VDIV.DE returned 17.51%/yr vs 12.28%/yr for VWCE.DE. A 0.71 correlation means they provide meaningful diversification when combined. VDIV.DE charges 0.38%/yr vs 0.19%/yr for VWCE.DE.

Performance

VDIV.DE vs. VWCE.DE - 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 Vanguard FTSE All-World UCITS ETF (VWCE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VDIV.DE achieves a 9.79% return, which is significantly lower than VWCE.DE's 12.64% return.

VDIV.DE

• 1D: 0.23%
• 1M: 0.01%
• YTD: 9.79%
• 6M: 12.73%
• 1Y: 25.64%
• 3Y*: 19.95%
• 5Y*: 17.51%
• 10Y*: —

VWCE.DE

• 1D: -0.21%
• 1M: 3.63%
• YTD: 12.64%
• 6M: 12.84%
• 1Y: 26.31%
• 3Y*: 17.85%
• 5Y*: 12.28%
• 10Y*: —

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

VDIV.DE vs. VWCE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	9.79%	24.55%	15.67%	11.47%	15.47%	27.92%	-11.00%	7.38%
VWCE.DE Vanguard FTSE All-World UCITS ETF	12.64%	9.16%	24.41%	18.18%	-13.47%	28.62%	5.36%	8.01%

Correlation

The correlation between VDIV.DE and VWCE.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019	0.71

Over the past year, the correlation between VDIV.DE and VWCE.DE has dropped to 0.45 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

VDIV.DE vs. VWCE.DE — 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: 88
VDIV.DE Sharpe Ratio Rank: 84
VDIV.DE Sortino Ratio Rank: 86
VDIV.DE Omega Ratio Rank: 85
VDIV.DE Calmar Ratio Rank: 94
VDIV.DE Martin Ratio Rank: 90

VWCE.DE

VWCE.DE Risk / Return Rank: 76
VWCE.DE Sharpe Ratio Rank: 72
VWCE.DE Sortino Ratio Rank: 73
VWCE.DE Omega Ratio Rank: 74
VWCE.DE Calmar Ratio Rank: 79
VWCE.DE Martin Ratio Rank: 83

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. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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.

	VDIV.DE	VWCE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.73	2.31	+0.41
Sortino ratio: Return per unit of downside risk	3.85	3.24	+0.61
Omega ratio: Gain probability vs. loss probability	1.51	1.43	+0.07
Calmar ratio: Return relative to maximum drawdown	6.94	4.01	+2.92
Martin ratio: Return relative to average drawdown	20.46	16.55	+3.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VDIV.DE vs. VWCE.DE - Sharpe Ratio Comparison

The current VDIV.DE Sharpe Ratio is 2.73, which is comparable to the VWCE.DE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of VDIV.DE and VWCE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VDIV.DE	VWCE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	2.31	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.45	0.88	+0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.79	+0.16

Drawdowns

VDIV.DE vs. VWCE.DE - Drawdown Comparison

The maximum VDIV.DE drawdown since its inception was -36.12%, which is greater than VWCE.DE's maximum drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for VDIV.DE and VWCE.DE.

Drawdown Indicators

	VDIV.DE	VWCE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.12%	-33.43%	-2.69%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-6.55%	+2.87%
Max Drawdown (3Y) Largest decline over 3 years	-15.12%	-21.07%	+5.95%
Max Drawdown (5Y) Largest decline over 5 years	-15.12%	-21.07%	+5.95%
Current Drawdown Current decline from peak	-2.39%	-0.66%	-1.73%
Average Drawdown Average peak-to-trough decline	-4.22%	-4.69%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	1.59%	-0.34%

Volatility

VDIV.DE vs. VWCE.DE - Volatility Comparison

The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) is 2.82%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.06%. This indicates that VDIV.DE experiences smaller price fluctuations and is considered to be less risky than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VDIV.DE	VWCE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	3.06%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	6.79%	8.18%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	9.36%	11.37%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.92%	13.75%	-1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.36%	16.16%	-0.80%

VDIV.DE vs. VWCE.DE - Expense Ratio Comparison

VDIV.DE has a 0.38% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.

Dividends

VDIV.DE vs. VWCE.DE - Dividend Comparison

VDIV.DE's dividend yield for the trailing twelve months is around 3.19%, while VWCE.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
VWCE.DE Vanguard FTSE All-World UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VDIV.DE and VWCE.DE in my portfolio?

VDIV.DE and VWCE.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VDIV.DE or VWCE.DE?

On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VDIV.DE or VWCE.DE?

VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.38% for VDIV.DE.

What is the main difference between VDIV.DE and VWCE.DE?

VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.38% for VDIV.DE and 0.19% for VWCE.DE.