The full comparison
Ausschüttende und thesaurierende ETFs verfolgen denselben Index, unterscheiden sich aber in der Behandlung der Erträge. Dieser Unterschied wirkt sich auf Cashflow, Steuern, Wachstum und Strategie aus.
📊 1. Basic principle
| feature | Distributing | Accumulating |
| Umgang mit Dividenden | Payout to investors | automatic reinstallation |
| Cash flow | Yes | no |
| compound interest effect | only with manual reinstallation | automatically |
| Tax timing | immediately upon distribution | Advance payment / sale |
| NAV development | slower | faster |
| Ideal for | Cashflow‑Strategien | Asset accumulation |
💸 2. Cashflow & Psychologie
Distributing
– Regular payments (monthly, quarterly, annually)
– Popular with investors who want „visible“ returns
– Ideal für FIRE, Rente, Neben‑Cashflow
Accumulating
– Kein Cashflow

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