AGBP.L vs. TDGB.L
AGBP.L (iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - AGBP.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP, while TDGB.L 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, AGBP.L returned 0.11%/yr vs 17.70%/yr for TDGB.L. At a correlation of -0.08, they often move in opposite directions. AGBP.L charges 0.10%/yr vs 0.38%/yr for TDGB.L.
Performance
AGBP.L vs. TDGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, AGBP.L achieves a 0.42% return, which is significantly lower than TDGB.L's 8.92% return.
AGBP.L
- 1D
- 0.15%
- 1M
- 0.08%
- YTD
- 0.42%
- 6M
- 0.69%
- 1Y
- 3.40%
- 3Y*
- 3.91%
- 5Y*
- 0.11%
- 10Y*
- —
TDGB.L
- 1D
- 0.48%
- 1M
- -0.06%
- YTD
- 8.92%
- 6M
- 11.77%
- 1Y
- 29.00%
- 3Y*
- 20.13%
- 5Y*
- 17.70%
- 10Y*
- —
AGBP.L vs. TDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) | 0.42% | 4.51% | 3.15% | 5.67% | -12.35% | -1.86% | 4.15% | 6.29% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 8.92% | 30.88% | 10.65% | 9.06% | 22.49% | 19.59% | -5.61% | 10.74% |
Correlation
The correlation between AGBP.L and TDGB.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019 | -0.08 |
The correlation between AGBP.L and TDGB.L shifts across timeframes, from -0.08 (all time) to 0.12 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AGBP.L vs. TDGB.L — Risk / Return Rank
AGBP.L
TDGB.L
AGBP.L vs. TDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L). 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.
| AGBP.L | TDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.59 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 6.26 | -4.98 |
| Martin ratioReturn relative to average drawdown | 3.80 | 20.72 | -16.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGBP.L | TDGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 3.15 | -2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 1.55 | -1.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.98 | -0.74 |
Drawdowns
AGBP.L vs. TDGB.L - Drawdown Comparison
The maximum AGBP.L drawdown since its inception was -16.42%, smaller than the maximum TDGB.L drawdown of -29.60%. Use the drawdown chart below to compare losses from any high point for AGBP.L and TDGB.L.
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Drawdown Indicators
| AGBP.L | TDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.42% | -29.60% | +13.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -4.66% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.60% | -12.41% | +8.81% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -12.41% | -3.50% |
Current DrawdownCurrent decline from peak | -1.84% | -1.47% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -3.70% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.41% | -0.59% |
Volatility
AGBP.L vs. TDGB.L - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L) is 1.41%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) has a volatility of 2.49%. This indicates that AGBP.L experiences smaller price fluctuations and is considered to be less risky than TDGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGBP.L | TDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 2.49% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 7.01% | -4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 9.28% | -5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 11.42% | -6.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 14.44% | -10.31% |
AGBP.L vs. TDGB.L - Expense Ratio Comparison
AGBP.L has a 0.10% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.
Dividends
AGBP.L vs. TDGB.L - Dividend Comparison
AGBP.L's dividend yield for the trailing twelve months is around 3.12%, less than TDGB.L's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) | 3.12% | 3.00% | 2.59% | 1.97% | 1.56% | 1.27% | 1.53% | 1.65% | 0.98% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.20% | 3.50% | 4.27% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 0.00% |
Frequently Asked Questions
AGBP.L and TDGB.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGBP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGBP.L is cheaper with a 0.10% expense ratio, compared with 0.38% for TDGB.L.
AGBP.L is categorized as Global Bonds, while TDGB.L is Global Equities. AGBP.L tracks Bloomberg Global Aggregate TR Hdg GBP, while TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.10% for AGBP.L and 0.38% for TDGB.L.
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