VUAA.DE vs. VDIV.DE

Last updated Jun 26, 2026

VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - VUAA.DE is a S&P 500 fund tracking the S&P 500 Index, while VDIV.DE is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, VUAA.DE returned 13.92%/yr vs 17.69%/yr for VDIV.DE. A 0.60 correlation means they provide meaningful diversification when combined. VUAA.DE charges 0.07%/yr vs 0.38%/yr for VDIV.DE.

Performance

VUAA.DE vs. VDIV.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VUAA.DE having a 10.86% return and VDIV.DE slightly lower at 10.63%.

VUAA.DE

• 1D: -0.90%
• 1M: 0.23%
• YTD: 10.86%
• 6M: 11.15%
• 1Y: 24.80%
• 3Y*: 18.92%
• 5Y*: 13.92%
• 10Y*: —

VDIV.DE

• 1D: 0.25%
• 1M: -0.40%
• YTD: 10.63%
• 6M: 10.86%
• 1Y: 28.67%
• 3Y*: 20.75%
• 5Y*: 17.69%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF	10.86%	4.69%	32.34%	22.51%	-14.29%	40.75%	4.36%
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	10.63%	24.58%	15.66%	11.45%	15.47%	27.94%	-8.12%

Correlation

The correlation between VUAA.DE and VDIV.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020	0.60

Over the past year, the correlation between VUAA.DE and VDIV.DE has dropped to 0.29 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

Return for Risk

VUAA.DE vs. VDIV.DE — Risk / Return Rank

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

VUAA.DE

VUAA.DE Risk / Return Rank: 76
VUAA.DE Sharpe Ratio Rank: 76
VUAA.DE Sortino Ratio Rank: 74
VUAA.DE Omega Ratio Rank: 76
VUAA.DE Calmar Ratio Rank: 79
VUAA.DE Martin Ratio Rank: 76

VDIV.DE

VDIV.DE Risk / Return Rank: 94
VDIV.DE Sharpe Ratio Rank: 94
VDIV.DE Sortino Ratio Rank: 94
VDIV.DE Omega Ratio Rank: 93
VDIV.DE Calmar Ratio Rank: 96
VDIV.DE Martin Ratio Rank: 94

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.

VUAA.DE vs. VDIV.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.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.

	VUAA.DE	VDIV.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.10	3.01	-0.92
Sortino ratio: Return per unit of downside risk	2.86	4.23	-1.37
Omega ratio: Gain probability vs. loss probability	1.39	1.57	-0.18
Calmar ratio: Return relative to maximum drawdown	3.53	7.75	-4.23
Martin ratio: Return relative to average drawdown	12.59	23.02	-10.43

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

The current VUAA.DE Sharpe Ratio is 2.10, which is lower than the VDIV.DE Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of VUAA.DE and VDIV.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.

Drawdowns

VUAA.DE vs. VDIV.DE - Drawdown Comparison

The maximum VUAA.DE drawdown since its inception was -33.67%, smaller than the maximum VDIV.DE drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for VUAA.DE and VDIV.DE.

Drawdown Indicators

	VUAA.DE	VDIV.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.67%	-36.13%	+2.46%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	-3.68%	-3.32%
Max Drawdown (3Y) Largest decline over 3 years	-23.33%	-15.13%	-8.20%
Max Drawdown (5Y) Largest decline over 5 years	-23.33%	-15.13%	-8.20%
Current Drawdown Current decline from peak	-0.94%	-1.64%	+0.70%
Average Drawdown Average peak-to-trough decline	-5.02%	-4.20%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.24%	+0.73%

Volatility

VUAA.DE vs. VDIV.DE - Volatility Comparison

Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) has a higher volatility of 3.34% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) at 2.32%. This indicates that VUAA.DE's price experiences larger fluctuations and is considered to be riskier than VDIV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUAA.DE	VDIV.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	2.32%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	7.87%	7.08%	+0.79%
Volatility (1Y) Calculated over the trailing 1-year period	11.77%	9.49%	+2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	11.94%	+3.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	15.33%	+2.22%

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

VUAA.DE has a 0.07% expense ratio, which is lower than VDIV.DE's 0.38% expense ratio.

Dividends

VUAA.DE vs. VDIV.DE - Dividend Comparison

VUAA.DE has not paid dividends to shareholders, while VDIV.DE's dividend yield for the trailing twelve months is around 3.17%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
VUAA.DE Vanguard S&P 500 UCITS USD Acc 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 VUAA.DE and VDIV.DE in my portfolio?

VUAA.DE and VDIV.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, VUAA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.38% for VDIV.DE.

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

VUAA.DE is categorized as S&P 500, while VDIV.DE is Global Equities. VUAA.DE tracks S&P 500 Index, while VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.07% for VUAA.DE and 0.38% for VDIV.DE.