WTEM.DE vs. TDIV.AS

Last updated Jun 5, 2026

WTEM.DE (WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equity Income funds - WTEM.DE tracks the WisdomTree Global Developed Quality Dividend Growth Index while TDIV.AS tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, WTEM.DE returned 9.01%/yr vs 17.52%/yr for TDIV.AS. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.38% expense ratio.

Performance

WTEM.DE vs. TDIV.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc (WTEM.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTEM.DE achieves a 6.09% return, which is significantly lower than TDIV.AS's 9.89% return.

WTEM.DE

• 1D: 0.19%
• 1M: 2.80%
• YTD: 6.09%
• 6M: 6.44%
• 1Y: 14.48%
• 3Y*: 10.35%
• 5Y*: 9.01%
• 10Y*: —

TDIV.AS

• 1D: 0.25%
• 1M: -0.12%
• YTD: 9.89%
• 6M: 12.76%
• 1Y: 25.51%
• 3Y*: 19.97%
• 5Y*: 17.52%
• 10Y*: 12.02%

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

WTEM.DE vs. TDIV.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WTEM.DE WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc	6.09%	3.47%	15.77%	14.05%	-9.25%	30.16%	5.77%	37.07%	-5.66%	13.23%
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	9.89%	24.40%	15.98%	10.91%	16.18%	27.85%	-10.17%	20.97%	-7.12%	2.88%

Correlation

The correlation between WTEM.DE and TDIV.AS is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jun 21, 2016	0.71

The correlation between WTEM.DE and TDIV.AS shifts across timeframes, from 0.54 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WTEM.DE vs. TDIV.AS — Risk / Return Rank

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

WTEM.DE

WTEM.DE Risk / Return Rank: 39
WTEM.DE Sharpe Ratio Rank: 37
WTEM.DE Sortino Ratio Rank: 39
WTEM.DE Omega Ratio Rank: 37
WTEM.DE Calmar Ratio Rank: 38
WTEM.DE Martin Ratio Rank: 44

TDIV.AS

TDIV.AS Risk / Return Rank: 88
TDIV.AS Sharpe Ratio Rank: 86
TDIV.AS Sortino Ratio Rank: 88
TDIV.AS Omega Ratio Rank: 85
TDIV.AS Calmar Ratio Rank: 94
TDIV.AS Martin Ratio Rank: 89

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.

WTEM.DE vs. TDIV.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc (WTEM.DE) 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.

	WTEM.DE	TDIV.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.79	-1.50
Sortino ratio: Return per unit of downside risk	1.96	3.99	-2.03
Omega ratio: Gain probability vs. loss probability	1.24	1.51	-0.27
Calmar ratio: Return relative to maximum drawdown	1.86	7.19	-5.33
Martin ratio: Return relative to average drawdown	7.18	19.93	-12.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTEM.DE vs. TDIV.AS - Sharpe Ratio Comparison

The current WTEM.DE Sharpe Ratio is 1.29, which is lower than the TDIV.AS Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of WTEM.DE 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.

Sharpe Ratios by Period

	WTEM.DE	TDIV.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	2.79	-1.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	1.43	-0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.84	-0.04

Drawdowns

WTEM.DE vs. TDIV.AS - Drawdown Comparison

The maximum WTEM.DE drawdown since its inception was -30.76%, smaller than the maximum TDIV.AS drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for WTEM.DE and TDIV.AS.

Drawdown Indicators

	WTEM.DE	TDIV.AS	Difference
Max Drawdown Largest peak-to-trough decline	-30.76%	-36.06%	+5.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-3.51%	-4.34%
Max Drawdown (3Y) Largest decline over 3 years	-19.62%	-15.26%	-4.36%
Max Drawdown (5Y) Largest decline over 5 years	-19.62%	-15.26%	-4.36%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.06%	—
Current Drawdown Current decline from peak	0.00%	-1.99%	+1.99%
Average Drawdown Average peak-to-trough decline	-3.75%	-3.93%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.26%	+0.77%

Volatility

WTEM.DE vs. TDIV.AS - Volatility Comparison

WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc (WTEM.DE) has a higher volatility of 2.75% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.38%. This indicates that WTEM.DE'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.

Volatility by Period

	WTEM.DE	TDIV.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	2.38%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	8.36%	6.65%	+1.71%
Volatility (1Y) Calculated over the trailing 1-year period	11.31%	9.06%	+2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.42%	12.07%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.41%	14.31%	+0.10%

WTEM.DE vs. TDIV.AS - Expense Ratio Comparison

Both WTEM.DE and TDIV.AS have an expense ratio of 0.38%.

Dividends

WTEM.DE vs. TDIV.AS - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.19%	3.58%	4.19%	4.98%	4.55%	3.98%	4.12%	4.40%	4.93%	3.95%	1.11%
WTEM.DE WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc	0.00%	0.00%	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 WTEM.DE and TDIV.AS in my portfolio?

WTEM.DE and TDIV.AS have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WTEM.DE or TDIV.AS?

Both ETFs have the same 0.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WTEM.DE or TDIV.AS?

WTEM.DE and TDIV.AS have the same expense ratio: 0.38% per year.

What is the main difference between WTEM.DE and TDIV.AS?

WTEM.DE tracks WisdomTree Global Developed Quality Dividend Growth Index, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: WisdomTree and VanEck.