VHY.AX vs. TDIV.AS
VHY.AX (Vanguard Australian Shares High Yield ETF) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - VHY.AX is a Dividend fund tracking the FTSE Australia High Dividend Yield Index, while TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, VHY.AX returned 9.28%/yr vs 13.48%/yr for TDIV.AS. At a 0.22 correlation, their price movements are largely independent. VHY.AX charges 0.25%/yr vs 0.38%/yr for TDIV.AS.
Performance
VHY.AX vs. TDIV.AS - Performance Comparison
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Different Trading Currencies
VHY.AX is traded in AUD, while TDIV.AS is traded in EUR. To make them comparable, the TDIV.AS values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VHY.AX achieves a 8.22% return, which is significantly higher than TDIV.AS's 6.07% return. Over the past 10 years, VHY.AX has underperformed TDIV.AS with an annualized return of 9.28%, while TDIV.AS has yielded a comparatively higher 13.48% annualized return.
VHY.AX
- 1D
- 0.20%
- 1M
- -0.91%
- 6M
- 9.04%
- YTD
- 8.22%
- 1Y
- 15.11%
- 3Y*
- 12.91%
- 5Y*
- 9.87%
- 10Y*
- 9.28%
TDIV.AS
- 1D
- 0.29%
- 1M
- 2.87%
- 6M
- 4.93%
- YTD
- 6.07%
- 1Y
- 20.57%
- 3Y*
- 21.39%
- 5Y*
- 19.00%
- 10Y*
- 13.48%
VHY.AX vs. TDIV.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHY.AX Vanguard Australian Shares High Yield ETF | 8.22% | 14.77% | 9.04% | 9.83% | 7.71% | 16.73% | 1.71% | 20.44% | -8.52% | 7.84% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 6.07% | 30.86% | 19.67% | 15.37% | 15.64% | 26.10% | -10.79% | 19.17% | -1.96% | 8.48% |
Correlation
The correlation between VHY.AX and TDIV.AS is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.22 |
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Return for Risk
VHY.AX vs. TDIV.AS — Risk / Return Rank
VHY.AX
TDIV.AS
VHY.AX vs. TDIV.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Australian Shares High Yield ETF (VHY.AX) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). 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.
| VHY.AX | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 4.24 | -1.06 |
| Martin ratioReturn relative to average drawdown | 7.34 | 10.07 | -2.73 |
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Drawdowns
VHY.AX vs. TDIV.AS - Drawdown Comparison
The maximum VHY.AX drawdown since its inception was -35.54%, which is greater than TDIV.AS's maximum drawdown of -27.30%. Use the drawdown chart below to compare losses from any high point for VHY.AX and TDIV.AS.
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Drawdown Indicators
| VHY.AX | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -27.30% | -8.24% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -4.79% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -11.68% | -12.38% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -14.41% | -12.38% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -27.30% | -8.24% |
Current DrawdownCurrent decline from peak | -1.80% | 0.00% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -3.81% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.03% | +0.11% |
Volatility
VHY.AX vs. TDIV.AS - Volatility Comparison
The current volatility for Vanguard Australian Shares High Yield ETF (VHY.AX) is 2.23%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) has a volatility of 2.72%. This indicates that VHY.AX experiences smaller price fluctuations and is considered to be less risky than TDIV.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHY.AX | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 2.72% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.14% | 7.35% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.37% | 9.88% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.70% | 13.13% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.30% | 13.76% | +0.54% |
VHY.AX vs. TDIV.AS - Expense Ratio Comparison
VHY.AX has a 0.25% expense ratio, which is lower than TDIV.AS's 0.38% expense ratio.
Dividends
VHY.AX vs. TDIV.AS - Dividend Comparison
VHY.AX's dividend yield for the trailing twelve months is around 2.76%, less than TDIV.AS's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.08% | 3.58% | 4.19% | 4.98% | 4.58% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% | 0.00% |
VHY.AX Vanguard Australian Shares High Yield ETF | 2.76% | 8.37% | 2.92% | 3.73% | 5.02% | 4.84% | 3.54% | 5.35% | 7.81% | 5.69% | 3.84% | 6.40% |
Frequently Asked Questions
VHY.AX and TDIV.AS have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VHY.AX is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHY.AX is cheaper with a 0.25% expense ratio, compared with 0.38% for TDIV.AS.
VHY.AX is categorized as Dividend, while TDIV.AS is Global Equity Income. VHY.AX tracks FTSE Australia High Dividend Yield Index, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.25% for VHY.AX and 0.38% for TDIV.AS.
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