HICL.L vs. TDGB.L
HICL.L (HICL Infrastructure Company Ltd) is a stock, while TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) is Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Over the past 10 years, HICL.L returned 3.51%/yr vs 10.14%/yr for TDGB.L. At a 0.19 correlation, their price movements are largely independent.
Performance
HICL.L vs. TDGB.L - Performance Comparison
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Different Trading Currencies
HICL.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
In the year-to-date period, HICL.L achieves a 18.12% return, which is significantly higher than TDGB.L's 8.97% return. Over the past 10 years, HICL.L has underperformed TDGB.L with an annualized return of 3.51%, while TDGB.L has yielded a comparatively higher 10.14% annualized return.
HICL.L
- 1D
- 0.00%
- 1M
- 6.90%
- YTD
- 18.12%
- 6M
- 15.15%
- 1Y
- 17.60%
- 3Y*
- 4.28%
- 5Y*
- 0.91%
- 10Y*
- 3.51%
TDGB.L
- 1D
- 0.04%
- 1M
- -0.01%
- YTD
- 8.97%
- 6M
- 11.83%
- 1Y
- 29.07%
- 3Y*
- 20.01%
- 5Y*
- 17.71%
- 10Y*
- 10.14%
HICL.L vs. TDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HICL.L HICL Infrastructure Company Ltd | 18.12% | 5.39% | -8.33% | -10.53% | -2.34% | 6.51% | 7.00% | 13.71% | 5.04% | 1.00% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 8.97% | 30.90% | 10.66% | 9.04% | 22.49% | 19.59% | -5.61% | 3.88% | -7.98% | 2.87% |
Correlation
The correlation between HICL.L and TDGB.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 24, 2016 | 0.19 |
The correlation between HICL.L and TDGB.L shifts across timeframes, from 0.13 (1 year) to 0.24 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HICL.L vs. TDGB.L — Risk / Return Rank
HICL.L
TDGB.L
HICL.L vs. TDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HICL Infrastructure Company Ltd (HICL.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.
| HICL.L | TDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.58 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 6.21 | -4.79 |
| Martin ratioReturn relative to average drawdown | 4.63 | 20.50 | -15.87 |
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
| HICL.L | TDGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 3.12 | -2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 1.55 | -1.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.74 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.76 | -0.30 |
Drawdowns
HICL.L vs. TDGB.L - Drawdown Comparison
The maximum HICL.L drawdown since its inception was -31.03%, smaller than the maximum TDGB.L drawdown of -32.94%. Use the drawdown chart below to compare losses from any high point for HICL.L and TDGB.L.
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Drawdown Indicators
| HICL.L | TDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -32.94% | +1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -4.66% | -7.72% |
Max Drawdown (3Y)Largest decline over 3 years | -17.16% | -12.42% | -4.74% |
Max Drawdown (5Y)Largest decline over 5 years | -31.03% | -12.42% | -18.61% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | -32.94% | +1.91% |
Current DrawdownCurrent decline from peak | -5.50% | -1.42% | -4.08% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -4.94% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 1.41% | +2.39% |
Volatility
HICL.L vs. TDGB.L - Volatility Comparison
HICL Infrastructure Company Ltd (HICL.L) has a higher volatility of 5.54% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 2.30%. This indicates that HICL.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
| HICL.L | TDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 2.30% | +3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 7.02% | +4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.05% | 9.27% | +8.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.95% | 11.43% | +8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 13.77% | +4.46% |
Dividends
HICL.L vs. TDGB.L - Dividend Comparison
HICL.L's dividend yield for the trailing twelve months is around 6.28%, more than TDGB.L's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HICL.L HICL Infrastructure Company Ltd | 6.28% | 7.13% | 6.94% | 5.95% | 5.02% | 4.67% | 4.74% | 4.78% | 5.04% | 4.90% | 4.72% | 5.47% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.20% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% | 0.00% | 0.00% |
Frequently Asked Questions
HICL.L and TDGB.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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