AVSG.L vs. TDGB.L
AVSG.L (Avantis Global Small Cap Value UCITS ETF USD Acc) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - AVSG.L is a Small Cap Value Equities fund actively managed by Avantis, while TDGB.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. AVSG.L is actively managed, while TDGB.L is passively managed. Over the past year, AVSG.L returned 32.27% vs 29.45% for TDGB.L. At a 0.42 correlation, their price movements are largely independent. AVSG.L charges 0.39%/yr vs 0.38%/yr for TDGB.L.
Performance
AVSG.L vs. TDGB.L - Performance Comparison
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Different Trading Currencies
AVSG.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, AVSG.L achieves a 19.71% return, which is significantly higher than TDGB.L's 11.13% return.
AVSG.L
- 1D
- 0.00%
- 1M
- -0.19%
- 6M
- 14.76%
- YTD
- 19.71%
- 1Y
- 32.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDGB.L
- 1D
- 0.57%
- 1M
- 1.85%
- 6M
- 9.77%
- YTD
- 11.13%
- 1Y
- 29.45%
- 3Y*
- 22.34%
- 5Y*
- 17.71%
- 10Y*
- 10.39%
AVSG.L vs. TDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVSG.L Avantis Global Small Cap Value UCITS ETF USD Acc | 19.71% | 12.18% | -3.69% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.13% | 40.77% | -2.70% |
Correlation
The correlation between AVSG.L and TDGB.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2024 | 0.42 |
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Return for Risk
AVSG.L vs. TDGB.L — Risk / Return Rank
AVSG.L
TDGB.L
AVSG.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 (AVSG.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.
| AVSG.L | TDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.48 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 5.79 | -1.09 |
| Martin ratioReturn relative to average drawdown | 18.30 | 15.45 | +2.85 |
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Drawdowns
AVSG.L vs. TDGB.L - Drawdown Comparison
The maximum AVSG.L drawdown since its inception was -21.38%, smaller than the maximum TDGB.L drawdown of -45.20%. Use the drawdown chart below to compare losses from any high point for AVSG.L and TDGB.L.
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Drawdown Indicators
| AVSG.L | TDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.38% | -45.20% | +23.82% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -5.06% | -1.84% |
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 | -1.01% | 0.00% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -8.11% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.90% | -0.13% |
Volatility
AVSG.L vs. TDGB.L - Volatility Comparison
The current volatility for Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.L) is 2.67%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) has a volatility of 3.08%. This indicates that AVSG.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
| AVSG.L | TDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 3.08% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 8.46% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.93% | 11.09% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.64% | 14.19% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.64% | 16.10% | -0.46% |
AVSG.L vs. TDGB.L - Expense Ratio Comparison
AVSG.L has a 0.39% expense ratio, which is higher than TDGB.L's 0.38% expense ratio.
Dividends
AVSG.L vs. TDGB.L - Dividend Comparison
AVSG.L has not paid dividends to shareholders, while TDGB.L's dividend yield for the trailing twelve months is around 3.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AVSG.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 | 3.15% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% |
Frequently Asked Questions
AVSG.L and TDGB.L have a correlation of 0.41, 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 AVSG.L.
AVSG.L is categorized as Small Cap Value Equities, while TDGB.L is Global Equities. They also come from different issuers: Avantis and VanEck. Their fees differ too: 0.39% for AVSG.L and 0.38% for TDGB.L.
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