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CSPX.L vs. TDGB.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSPX.L vs. TDGB.L

Last updated Jun 26, 2026

CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - CSPX.L is a S&P 500 fund tracking the S&P 500 Index, 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 10 years, CSPX.L returned 15.52%/yr vs 10.66%/yr for TDGB.L. A 0.58 correlation means they provide meaningful diversification when combined. CSPX.L charges 0.07%/yr vs 0.38%/yr for TDGB.L.

Performance

CSPX.L vs. TDGB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CSPX.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, CSPX.L achieves a 7.49% return, which is significantly higher than TDGB.L's 7.07% return. Over the past 10 years, CSPX.L has outperformed TDGB.L with an annualized return of 15.52%, while TDGB.L has yielded a comparatively lower 10.66% annualized return.

CSPX.L

1D
-0.62%
1M
-1.79%
YTD
7.49%
6M
7.24%
1Y
22.24%
3Y*
20.60%
5Y*
12.81%
10Y*
15.52%

TDGB.L

1D
0.45%
1M
-2.72%
YTD
7.07%
6M
7.39%
1Y
25.46%
3Y*
22.49%
5Y*
16.59%
10Y*
10.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSPX.L vs. TDGB.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSPX.L
iShares Core S&P 500 UCITS ETF USD (Acc)		7.49%17.45%25.25%26.74%-18.72%29.35%17.62%30.55%-5.46%21.60%
TDGB.L
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF		7.07%40.77%8.81%14.79%9.40%18.51%-2.72%8.05%-13.18%12.67%

Correlation

The correlation between CSPX.L and TDGB.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.42

Correlation (5Y)
Calculated over the trailing 5-year period

0.55

Correlation (10Y)
Calculated over the trailing 10-year period

0.58

Correlation (All Time)
Calculated using the full available price history since May 23, 2016

0.58

Over the past year, the correlation between CSPX.L and TDGB.L has dropped to 0.33 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

CSPX.L vs. TDGB.L - Sectors Allocation Comparison

Sectors
CSPX.L
TDGB.L

Technology

39.1%
0.3%

Financial Services

11.5%
31.9%

Communication Services

10.2%
8.7%

Consumer Cyclical

9.5%
3.8%

Healthcare

8.3%
14.4%

Industrials

8.2%
4.0%

Consumer Defensive

4.6%
10.0%

Energy

3.0%
19.7%

Utilities

2.2%
6.2%

Real Estate

1.8%
0.0%

Basic Materials

1.7%
1.2%

Technology

CSPX.L
39.1%
TDGB.L
0.3%

Financial Services

CSPX.L
11.5%
TDGB.L
31.9%

Communication Services

CSPX.L
10.2%
TDGB.L
8.7%

Consumer Cyclical

CSPX.L
9.5%
TDGB.L
3.8%

Healthcare

CSPX.L
8.3%
TDGB.L
14.4%

Industrials

CSPX.L
8.2%
TDGB.L
4.0%

Consumer Defensive

CSPX.L
4.6%
TDGB.L
10.0%

Energy

CSPX.L
3.0%
TDGB.L
19.7%

Utilities

CSPX.L
2.2%
TDGB.L
6.2%

Real Estate

CSPX.L
1.8%
TDGB.L
0.0%

Basic Materials

CSPX.L
1.7%
TDGB.L
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P 500 UCITS ETF USD (Acc)

VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF

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Often compared with TDGB.L:
TDGB.L vs. VHYL.ASTDGB.L vs. SCHDTDGB.L vs. SPYDTDGB.L vs. LDEG.LTDGB.L vs. VHYD.LTDGB.L vs. JEGP.LTDGB.L vs. CSKR.L

Return for Risk

CSPX.L vs. TDGB.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSPX.L
CSPX.L Risk / Return Rank: 6666
Overall Rank
CSPX.L Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
CSPX.L Sortino Ratio Rank: 7070
Sortino Ratio Rank
CSPX.L Omega Ratio Rank: 6363
Omega Ratio Rank
CSPX.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
CSPX.L Martin Ratio Rank: 7070
Martin Ratio Rank
TDGB.L
TDGB.L Risk / Return Rank: 9494
Overall Rank
TDGB.L Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
TDGB.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
TDGB.L Omega Ratio Rank: 9494
Omega Ratio Rank
TDGB.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
TDGB.L Martin Ratio Rank: 9393
Martin Ratio Rank
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.

CSPX.L vs. TDGB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.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.

CSPX.LTDGB.LDifference
Sharpe ratioReturn per unit of total volatility
1.84
2.29

-0.45

Sortino ratioReturn per unit of downside risk
2.74
3.13

-0.38

Omega ratioGain probability vs. loss probability

1.33

1.41

-0.08

Calmar ratioReturn relative to maximum drawdown

2.71

5.01

-2.30

Martin ratioReturn relative to average drawdown

11.13

13.69

-2.56

CSPX.L vs. TDGB.L - Sharpe Ratio Comparison

The current CSPX.L Sharpe Ratio is 1.84, which is comparable to the TDGB.L Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of CSPX.L and TDGB.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CSPX.L vs. TDGB.L - Drawdown Comparison

The maximum CSPX.L drawdown since its inception was -33.90%, smaller than the maximum TDGB.L drawdown of -45.20%. Use the drawdown chart below to compare losses from any high point for CSPX.L and TDGB.L.

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Drawdown Indicators

CSPX.LTDGB.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.90%

-45.20%

+11.30%

Max Drawdown (1Y)

Largest decline over 1 year

-8.17%

-5.06%

-3.11%

Max Drawdown (3Y)

Largest decline over 3 years

-18.50%

-13.68%

-4.82%

Max Drawdown (5Y)

Largest decline over 5 years

-24.39%

-18.93%

-5.46%

Max Drawdown (10Y)

Largest decline over 10 years

-33.90%

-45.20%

+11.30%

Current Drawdown

Current decline from peak

-3.09%

-3.30%

+0.21%

Average Drawdown

Average peak-to-trough decline

-3.72%

-8.15%

+4.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

1.86%

+0.13%

Volatility

CSPX.L vs. TDGB.L - Volatility Comparison

iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) has a higher volatility of 3.91% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 2.79%. This indicates that CSPX.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

CSPX.LTDGB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.91%

2.79%

+1.12%

Volatility (6M)

Calculated over the trailing 6-month period

9.20%

8.37%

+0.83%

Volatility (1Y)

Calculated over the trailing 1-year period

12.04%

11.07%

+0.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.05%

14.21%

+1.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.20%

16.26%

-0.06%

CSPX.L vs. TDGB.L - Expense Ratio Comparison

CSPX.L has a 0.07% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.

Dividends

CSPX.L vs. TDGB.L - Dividend Comparison

CSPX.L has not paid dividends to shareholders, while TDGB.L's dividend yield for the trailing twelve months is around 3.19%.

PositionTTM202520242023202220212020201920182017
CSPX.L
iShares Core S&P 500 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		3.19%3.50%4.26%4.93%4.40%4.06%4.16%4.52%4.38%3.48%

Frequently Asked Questions

CSPX.L and TDGB.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CSPX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CSPX.L is cheaper with a 0.07% expense ratio, compared with 0.38% for TDGB.L.

CSPX.L is categorized as S&P 500, while TDGB.L is Global Equities. CSPX.L tracks S&P 500 Index, while TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: BlackRock and VanEck. Their fees differ too: 0.07% for CSPX.L and 0.38% for TDGB.L.

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