FSWD.L vs. TDGB.L
FSWD.L (iShares STOXX World Equity Multifactor UCITS ETF USD (Acc)) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equities funds - FSWD.L tracks the STOXX Developed World Equity Factor Screened Net Index while TDGB.L tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, FSWD.L returned 11.49%/yr vs 10.24%/yr for TDGB.L. A 0.65 correlation means they provide meaningful diversification when combined. FSWD.L charges 0.30%/yr vs 0.38%/yr for TDGB.L.
Performance
FSWD.L vs. TDGB.L - Performance Comparison
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Different Trading Currencies
FSWD.L is traded in GBp, while TDGB.L is traded in GBP. To make them comparable, the TDGB.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with FSWD.L having a 12.10% return and TDGB.L slightly lower at 11.82%. Over the past 10 years, FSWD.L has outperformed TDGB.L with an annualized return of 11.49%, while TDGB.L has yielded a comparatively lower 10.24% annualized return.
FSWD.L
- 1D
- -0.82%
- 1M
- -0.61%
- 6M
- 10.73%
- YTD
- 12.10%
- 1Y
- 24.41%
- 3Y*
- 18.45%
- 5Y*
- 11.68%
- 10Y*
- 11.49%
TDGB.L
- 1D
- 0.52%
- 1M
- 1.79%
- 6M
- 9.93%
- YTD
- 11.82%
- 1Y
- 29.38%
- 3Y*
- 21.17%
- 5Y*
- 18.38%
- 10Y*
- 10.24%
FSWD.L vs. TDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSWD.L iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) | 12.10% | 17.16% | 18.87% | 9.04% | -5.40% | 22.11% | 6.89% | 17.63% | -7.35% | 15.20% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.82% | 30.90% | 10.66% | 9.04% | 22.49% | 19.59% | -5.61% | 3.88% | -7.98% | 2.87% |
Correlation
The correlation between FSWD.L and TDGB.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.65 |
Over the past year, the correlation between FSWD.L and TDGB.L has dropped to 0.35 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
FSWD.L vs. TDGB.L — Risk / Return Rank
FSWD.L
TDGB.L
FSWD.L vs. TDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.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.
| FSWD.L | TDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.59 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | 6.27 | -2.15 |
| Martin ratioReturn relative to average drawdown | 15.80 | 20.45 | -4.65 |
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Drawdowns
FSWD.L vs. TDGB.L - Drawdown Comparison
The maximum FSWD.L drawdown since its inception was -37.43%, which is greater than TDGB.L's maximum drawdown of -32.94%. Use the drawdown chart below to compare losses from any high point for FSWD.L and TDGB.L.
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Drawdown Indicators
| FSWD.L | TDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.43% | -32.94% | -4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -4.66% | -1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | -12.42% | -7.51% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -12.42% | -7.51% |
Max Drawdown (10Y)Largest decline over 10 years | -26.27% | -32.94% | +6.67% |
Current DrawdownCurrent decline from peak | -1.42% | 0.00% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -4.89% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.43% | +0.11% |
Volatility
FSWD.L vs. TDGB.L - Volatility Comparison
iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.L) has a higher volatility of 2.86% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 2.44%. This indicates that FSWD.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
| FSWD.L | TDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 2.44% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 7.26% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 9.30% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.86% | 11.44% | +7.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 13.66% | +3.74% |
FSWD.L vs. TDGB.L - Expense Ratio Comparison
FSWD.L has a 0.30% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.
Dividends
FSWD.L vs. TDGB.L - Dividend Comparison
FSWD.L has not paid dividends to shareholders, while TDGB.L's dividend yield for the trailing twelve months is around 3.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FSWD.L iShares STOXX World Equity Multifactor 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 | 3.11% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% |
Frequently Asked Questions
FSWD.L and TDGB.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FSWD.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FSWD.L is cheaper with a 0.30% expense ratio, compared with 0.38% for TDGB.L.
FSWD.L tracks STOXX Developed World Equity Factor Screened Net Index, 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: 0.30% for FSWD.L and 0.38% for TDGB.L.
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