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WINC.AS vs. TDIV.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WINC.AS vs. TDIV.AS

Last updated Jun 4, 2026

WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equity Income funds. WINC.AS is actively managed, while TDIV.AS is passively managed. Over the past year, WINC.AS returned 25.00% vs 28.09% for TDIV.AS. At a 0.43 correlation, their price movements are largely independent. WINC.AS charges 0.35%/yr vs 0.38%/yr for TDIV.AS.

Performance

WINC.AS vs. TDIV.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

WINC.AS is traded in USD, while TDIV.AS is traded in EUR. To make them comparable, the TDIV.AS values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with WINC.AS having a 8.19% return and TDIV.AS slightly higher at 8.31%.

WINC.AS

1D
-0.54%
1M
3.21%
YTD
8.19%
6M
9.90%
1Y
25.00%
3Y*
—
5Y*
—
10Y*
—

TDIV.AS

1D
0.02%
1M
-0.39%
YTD
8.31%
6M
12.38%
1Y
28.09%
3Y*
23.03%
5Y*
16.36%
10Y*
12.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WINC.AS vs. TDIV.AS - Yearly Performance Comparison

2026 (YTD)20252024
WINC.AS
iShares World Equity High Income UCITS ETF USD Inc		8.19%21.56%8.92%
TDIV.AS
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF		8.31%41.12%3.68%

Correlation

The correlation between WINC.AS and TDIV.AS is 0.53, 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

0.53

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2024

0.43

The correlation between WINC.AS and TDIV.AS has been stable across timeframes, ranging from 0.43 to 0.53 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares World Equity High Income UCITS ETF USD Inc

VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF

Often compared with WINC.AS:
WINC.AS vs. JEPQWINC.AS vs. JEPG.LWINC.AS vs. JEQP.LWINC.AS vs. VWRL.ASWINC.AS vs. SWDA.LWINC.AS vs. TDGB.LWINC.AS vs. QQQI
Often compared with TDIV.AS:
TDIV.AS vs. VHYL.ASTDIV.AS vs. SCHDTDIV.AS vs. JGPI.DETDIV.AS vs. FUSD.LTDIV.AS vs. VUSA.MITDIV.AS vs. FGQD.LTDIV.AS vs. QYLE.DE

Return for Risk

WINC.AS vs. TDIV.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WINC.AS
WINC.AS Risk / Return Rank: 7474
Overall Rank
WINC.AS Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
WINC.AS Sortino Ratio Rank: 7878
Sortino Ratio Rank
WINC.AS Omega Ratio Rank: 7070
Omega Ratio Rank
WINC.AS Calmar Ratio Rank: 7373
Calmar Ratio Rank
WINC.AS Martin Ratio Rank: 7979
Martin Ratio Rank
TDIV.AS
TDIV.AS Risk / Return Rank: 8787
Overall Rank
TDIV.AS Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
TDIV.AS Sortino Ratio Rank: 8686
Sortino Ratio Rank
TDIV.AS Omega Ratio Rank: 8383
Omega Ratio Rank
TDIV.AS Calmar Ratio Rank: 9494
Calmar Ratio Rank
TDIV.AS Martin Ratio Rank: 8888
Martin Ratio Rank
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.

WINC.AS vs. TDIV.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) 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.

WINC.ASTDIV.ASDifference
Sharpe ratioReturn per unit of total volatility
2.35
2.57

-0.21

Sortino ratioReturn per unit of downside risk
3.54
3.48

+0.06

Omega ratioGain probability vs. loss probability

1.43

1.46

-0.03

Calmar ratioReturn relative to maximum drawdown

3.68

5.33

-1.66

Martin ratioReturn relative to average drawdown

15.56

15.00

+0.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WINC.AS vs. TDIV.AS - Sharpe Ratio Comparison

The current WINC.AS Sharpe Ratio is 2.35, which is comparable to the TDIV.AS Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of WINC.AS and TDIV.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

WINC.ASTDIV.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.35

2.57

-0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.12

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.77

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.58

0.79

+0.79

Drawdowns

WINC.AS vs. TDIV.AS - Drawdown Comparison

The maximum WINC.AS drawdown since its inception was -14.81%, smaller than the maximum TDIV.AS drawdown of -37.90%. Use the drawdown chart below to compare losses from any high point for WINC.AS and TDIV.AS.

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Drawdown Indicators

WINC.ASTDIV.ASDifference

Max Drawdown

Largest peak-to-trough decline

-14.81%

-37.90%

+23.09%

Max Drawdown (1Y)

Largest decline over 1 year

-6.77%

-5.20%

-1.57%

Max Drawdown (3Y)

Largest decline over 3 years

—

-14.68%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.23%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.90%

—

Current Drawdown

Current decline from peak

-0.98%

-2.55%

+1.57%

Average Drawdown

Average peak-to-trough decline

-1.54%

-4.76%

+3.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.60%

1.86%

-0.26%

Volatility

WINC.AS vs. TDIV.AS - Volatility Comparison

iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) has a higher volatility of 3.10% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.77%. This indicates that WINC.AS's price experiences larger fluctuations and is considered to be riskier 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

WINC.ASTDIV.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.10%

2.77%

+0.33%

Volatility (6M)

Calculated over the trailing 6-month period

8.24%

7.89%

+0.35%

Volatility (1Y)

Calculated over the trailing 1-year period

10.58%

10.80%

-0.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.85%

14.35%

-0.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.85%

15.67%

-1.82%

WINC.AS vs. TDIV.AS - Expense Ratio Comparison

WINC.AS has a 0.35% expense ratio, which is lower than TDIV.AS's 0.38% expense ratio.

Dividends

WINC.AS vs. TDIV.AS - Dividend Comparison

WINC.AS's dividend yield for the trailing twelve months is around 9.70%, more than TDIV.AS's 4.94% yield.

PositionTTM2025202420232022202120202019201820172016
TDIV.AS
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF		4.94%3.58%4.19%4.98%4.55%3.98%4.12%4.40%4.93%3.95%1.11%
WINC.AS
iShares World Equity High Income UCITS ETF USD Inc		9.70%9.38%4.88%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

WINC.AS and TDIV.AS have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, WINC.AS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

WINC.AS is cheaper with a 0.35% expense ratio, compared with 0.38% for TDIV.AS.

They also come from different issuers: iShares and VanEck. Their fees differ too: 0.35% for WINC.AS and 0.38% for TDIV.AS.

Portfolio Optimizer

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