XWEV.L vs. TDIV.AS

Last updated Jul 21, 2026

XWEV.L (Xtrackers MSCI World Value ESG UCITS ETF 1C) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - XWEV.L is a Global Equities fund tracking the MSCI World Value Low Carbon SRI Screened Select, 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 3 years, XWEV.L returned 21.57%/yr vs 21.96%/yr for TDIV.AS. A 0.63 correlation means they provide meaningful diversification when combined. XWEV.L charges 0.25%/yr vs 0.38%/yr for TDIV.AS.

Performance

XWEV.L vs. TDIV.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XWEV.L 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

In the year-to-date period, XWEV.L achieves a 15.20% return, which is significantly higher than TDIV.AS's 11.34% return.

XWEV.L

• 1D: 0.00%
• 1M: -2.02%
• 6M: 13.83%
• YTD: 15.20%
• 1Y: 38.07%
• 3Y*: 21.57%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.24%

TDIV.AS

• 1D: -0.46%
• 1M: 3.45%
• 6M: 10.36%
• YTD: 11.34%
• 1Y: 28.96%
• 3Y*: 21.96%
• 5Y*: 17.87%
• 10Y*: 12.55%
• ALL TIME*: 12.69%

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

XWEV.L vs. TDIV.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XWEV.L Xtrackers MSCI World Value ESG UCITS ETF 1C	15.20%	38.58%	6.98%	7.84%
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	11.34%	41.10%	8.73%	9.05%

Correlation

The correlation between XWEV.L and TDIV.AS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023	0.63

The correlation between XWEV.L and TDIV.AS shifts across timeframes, from 0.47 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XWEV.L vs. TDIV.AS — Risk / Return Rank

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

XWEV.L

XWEV.L Risk / Return Rank: 90
XWEV.L Sharpe Ratio Rank: 92
XWEV.L Sortino Ratio Rank: 92
XWEV.L Omega Ratio Rank: 90
XWEV.L Calmar Ratio Rank: 87
XWEV.L Martin Ratio Rank: 88

TDIV.AS

TDIV.AS Risk / Return Rank: 97
TDIV.AS Sharpe Ratio Rank: 97
TDIV.AS Sortino Ratio Rank: 96
TDIV.AS Omega Ratio Rank: 96
TDIV.AS Calmar Ratio Rank: 97
TDIV.AS Martin Ratio Rank: 96

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.

XWEV.L vs. TDIV.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) 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.

	XWEV.L	TDIV.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.63	-0.17
Sortino ratio: Return per unit of downside risk	3.52	3.61	-0.09
Omega ratio: Gain probability vs. loss probability	1.44	1.46	-0.03
Calmar ratio: Return relative to maximum drawdown	3.65	5.50	-1.85
Martin ratio: Return relative to average drawdown	13.70	14.27	-0.57

XWEV.L vs. TDIV.AS - Sharpe Ratio Comparison

The current XWEV.L Sharpe Ratio is 2.46, which is comparable to the TDIV.AS Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of XWEV.L 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.

Drawdowns

XWEV.L vs. TDIV.AS - Drawdown Comparison

The maximum XWEV.L drawdown since its inception was -14.23%, smaller than the maximum TDIV.AS drawdown of -37.99%. Use the drawdown chart below to compare losses from any high point for XWEV.L and TDIV.AS.

Drawdown Indicators

	XWEV.L	TDIV.AS	Difference
Max Drawdown Largest peak-to-trough decline	-14.23%	-37.99%	+23.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-5.20%	-5.17%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-15.23%	+1.00%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.99%	—
Current Drawdown Current decline from peak	-3.42%	-0.46%	-2.96%
Average Drawdown Average peak-to-trough decline	-2.34%	-4.73%	+2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	2.01%	+0.76%

Volatility

XWEV.L vs. TDIV.AS - Volatility Comparison

Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) has a higher volatility of 4.25% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.58%. This indicates that XWEV.L'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

	XWEV.L	TDIV.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	2.58%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	12.79%	8.27%	+4.52%
Volatility (1Y) Calculated over the trailing 1-year period	15.43%	10.88%	+4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.06%	15.12%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	15.80%	-0.74%

XWEV.L vs. TDIV.AS - Expense Ratio Comparison

XWEV.L has a 0.25% expense ratio, which is lower than TDIV.AS's 0.38% expense ratio.

Dividends

XWEV.L vs. TDIV.AS - Dividend Comparison

XWEV.L has not paid dividends to shareholders, while TDIV.AS's dividend yield for the trailing twelve months is around 3.06%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.06%	3.58%	4.19%	4.98%	4.58%	3.98%	4.12%	4.40%	4.93%	3.95%	1.11%
XWEV.L Xtrackers MSCI World Value ESG UCITS ETF 1C	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 XWEV.L and TDIV.AS in my portfolio?

XWEV.L and TDIV.AS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XWEV.L or TDIV.AS?

On fees, XWEV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XWEV.L or TDIV.AS?

XWEV.L is cheaper with a 0.25% expense ratio, compared with 0.38% for TDIV.AS.

What is the main difference between XWEV.L and TDIV.AS?

XWEV.L is categorized as Global Equities, while TDIV.AS is Global Equity Income. XWEV.L tracks MSCI World Value Low Carbon SRI Screened Select, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Xtrackers and VanEck. Their fees differ too: 0.25% for XWEV.L and 0.38% for TDIV.AS.