AVGS.L vs. TDGB.L
AVGS.L (Avantis Global Small Cap Value UCITS ETF USD Acc) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equities funds. AVGS.L is actively managed, while TDGB.L is passively managed. Over the past year, AVGS.L returned 37.10% vs 27.83% for TDGB.L. A 0.57 correlation means they provide meaningful diversification when combined. AVGS.L charges 0.39%/yr vs 0.38%/yr for TDGB.L.
Performance
AVGS.L vs. TDGB.L - Performance Comparison
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Different Trading Currencies
AVGS.L is traded in USD, while TDGB.L is traded in GBP. To make them comparable, the TDGB.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVGS.L achieves a 18.60% return, which is significantly higher than TDGB.L's 9.67% return.
AVGS.L
- 1D
- -0.35%
- 1M
- 3.43%
- YTD
- 18.60%
- 6M
- 18.74%
- 1Y
- 37.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDGB.L
- 1D
- 0.51%
- 1M
- 1.10%
- YTD
- 9.67%
- 6M
- 11.62%
- 1Y
- 27.83%
- 3Y*
- 22.32%
- 5Y*
- 16.99%
- 10Y*
- 9.78%
AVGS.L vs. TDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVGS.L Avantis Global Small Cap Value UCITS ETF USD Acc | 18.60% | 20.19% | -0.40% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.67% | 40.77% | -3.62% |
Correlation
The correlation between AVGS.L and TDGB.L is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2024 | 0.57 |
The correlation between AVGS.L and TDGB.L has been stable across timeframes, ranging from 0.55 to 0.57 - a consistent structural relationship.
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Return for Risk
AVGS.L vs. TDGB.L — Risk / Return Rank
AVGS.L
TDGB.L
AVGS.L vs. TDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Global Small Cap Value UCITS ETF USD Acc (AVGS.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.
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.
| AVGS.L | TDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.45 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.52 | 5.47 | -0.95 |
| Martin ratioReturn relative to average drawdown | 15.85 | 15.57 | +0.28 |
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Drawdowns
AVGS.L vs. TDGB.L - Drawdown Comparison
The maximum AVGS.L drawdown since its inception was -20.23%, smaller than the maximum TDGB.L drawdown of -45.20%. Use the drawdown chart below to compare losses from any high point for AVGS.L and TDGB.L.
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Drawdown Indicators
| AVGS.L | TDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.23% | -45.20% | +24.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -5.06% | -3.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.20% | — |
Current DrawdownCurrent decline from peak | -1.15% | -0.96% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -8.16% | +5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 1.78% | +0.61% |
Volatility
AVGS.L vs. TDGB.L - Volatility Comparison
Avantis Global Small Cap Value UCITS ETF USD Acc (AVGS.L) has a higher volatility of 4.29% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 2.46%. This indicates that AVGS.L's price experiences larger fluctuations and is considered to be riskier 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
| AVGS.L | TDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 2.46% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 8.17% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 11.06% | +3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 14.23% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 16.74% | +0.25% |
AVGS.L vs. TDGB.L - Expense Ratio Comparison
AVGS.L has a 0.39% expense ratio, which is higher than TDGB.L's 0.38% expense ratio.
Dividends
AVGS.L vs. TDGB.L - Dividend Comparison
AVGS.L has not paid dividends to shareholders, while TDGB.L's dividend yield for the trailing twelve months is around 3.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AVGS.L Avantis Global Small Cap Value UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.17% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% |
Frequently Asked Questions
AVGS.L and TDGB.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TDGB.L is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TDGB.L is cheaper with a 0.38% expense ratio, compared with 0.39% for AVGS.L.
They also come from different issuers: Avantis and VanEck. Their fees differ too: 0.39% for AVGS.L and 0.38% for TDGB.L.
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