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

IUVL.L vs. TDGB.L

Last updated Jul 16, 2026
Documentation

IUVL.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - IUVL.L is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value 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 5 years, IUVL.L returned 15.72%/yr vs 17.71%/yr for TDGB.L. A 0.65 correlation means they provide meaningful diversification when combined. IUVL.L charges 0.20%/yr vs 0.38%/yr for TDGB.L.

Performance

IUVL.L vs. TDGB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.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

IUVL.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, IUVL.L achieves a 40.02% return, which is significantly higher than TDGB.L's 11.13% return.

IUVL.L

1D
-2.03%
1M
-5.33%
6M
34.26%
YTD
40.02%
1Y
70.71%
3Y*
29.13%
5Y*
15.72%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IUVL.L
iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)		40.02%33.10%6.39%14.59%-14.87%29.80%-1.49%25.93%-12.11%21.68%
TDGB.L
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF		11.13%40.77%8.81%14.79%9.40%18.51%-2.72%8.05%-13.18%12.67%

Correlation

The correlation between IUVL.L and TDGB.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.28

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

0.52

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

0.64

Correlation (All Time)
Calculated using the full available price history since Oct 13, 2016

0.65

Over the past year, the correlation between IUVL.L and TDGB.L has dropped to 0.28 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

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

Sectors
IUVL.L
TDGB.L

Technology

42.5%
0.3%

Consumer Cyclical

10.5%
3.8%

Financial Services

9.8%
31.9%

Communication Services

9.6%
8.7%

Industrials

7.7%
4.0%

Healthcare

7.6%
14.4%

Consumer Defensive

4.3%
10.0%

Energy

3.0%
19.7%

Utilities

1.9%
6.2%

Real Estate

1.8%
0.0%

Basic Materials

1.4%
1.2%

Technology

IUVL.L
42.5%
TDGB.L
0.3%

Consumer Cyclical

IUVL.L
10.5%
TDGB.L
3.8%

Financial Services

IUVL.L
9.8%
TDGB.L
31.9%

Communication Services

IUVL.L
9.6%
TDGB.L
8.7%

Industrials

IUVL.L
7.7%
TDGB.L
4.0%

Healthcare

IUVL.L
7.6%
TDGB.L
14.4%

Consumer Defensive

IUVL.L
4.3%
TDGB.L
10.0%

Energy

IUVL.L
3.0%
TDGB.L
19.7%

Utilities

IUVL.L
1.9%
TDGB.L
6.2%

Real Estate

IUVL.L
1.8%
TDGB.L
0.0%

Basic Materials

IUVL.L
1.4%
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 Edge MSCI USA Value Factor UCITS ETF USD (Acc)

VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF

Often compared with IUVL.L:
IUVL.L vs. IWVL.LIUVL.L vs. IJPD.LIUVL.L vs. UC07.LIUVL.L vs. SEMIIUVL.L vs. UVAL.LIUVL.L vs. SPLW.LIUVL.L vs. SCHD
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUVL.L
IUVL.L Risk / Return Rank: 9797
Overall Rank
IUVL.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IUVL.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
IUVL.L Omega Ratio Rank: 9696
Omega Ratio Rank
IUVL.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
IUVL.L Martin Ratio Rank: 9696
Martin Ratio Rank
TDGB.L
TDGB.L Risk / Return Rank: 9595
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: 9595
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.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.

IUVL.LTDGB.LDifference
Sharpe ratioReturn per unit of total volatility
3.77
2.66

+1.11

Sortino ratioReturn per unit of downside risk
5.09
3.63

+1.46

Omega ratioGain probability vs. loss probability

1.64

1.48

+0.16

Calmar ratioReturn relative to maximum drawdown

8.31

5.79

+2.52

Martin ratioReturn relative to average drawdown

29.51

15.45

+14.06

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

The current IUVL.L Sharpe Ratio is 3.77, which is higher than the TDGB.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of IUVL.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

IUVL.L vs. TDGB.L - Drawdown Comparison

The maximum IUVL.L drawdown since its inception was -39.73%, smaller than the maximum TDGB.L drawdown of -45.20%. Use the drawdown chart below to compare losses from any high point for IUVL.L and TDGB.L.

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Drawdown Indicators

IUVL.LTDGB.LDifference

Max Drawdown

Largest peak-to-trough decline

-39.73%

-45.20%

+5.47%

Max Drawdown (1Y)

Largest decline over 1 year

-8.47%

-5.06%

-3.41%

Max Drawdown (3Y)

Largest decline over 3 years

-18.93%

-13.68%

-5.25%

Max Drawdown (5Y)

Largest decline over 5 years

-26.70%

-18.93%

-7.77%

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.20%

—

Current Drawdown

Current decline from peak

-6.06%

0.00%

-6.06%

Average Drawdown

Average peak-to-trough decline

-7.23%

-8.11%

+0.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.39%

1.90%

+0.49%

Volatility

IUVL.L vs. TDGB.L - Volatility Comparison

iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) has a higher volatility of 7.56% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 3.08%. This indicates that IUVL.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

IUVL.LTDGB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.56%

3.08%

+4.48%

Volatility (6M)

Calculated over the trailing 6-month period

16.11%

8.46%

+7.65%

Volatility (1Y)

Calculated over the trailing 1-year period

18.66%

11.09%

+7.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.26%

14.19%

+4.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.09%

16.10%

+2.99%

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

IUVL.L has a 0.20% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.

Dividends

IUVL.L vs. TDGB.L - Dividend Comparison

IUVL.L has not paid dividends to shareholders, while TDGB.L's dividend yield for the trailing twelve months is around 3.15%.

PositionTTM202520242023202220212020201920182017
IUVL.L
iShares Edge MSCI USA Value Factor 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

IUVL.L and TDGB.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IUVL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IUVL.L is cheaper with a 0.20% expense ratio, compared with 0.38% for TDGB.L.

IUVL.L is categorized as Large Cap Value Equities, while TDGB.L is Global Equities. IUVL.L tracks MSCI USA Enhanced Value 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: 0.20% for IUVL.L and 0.38% for TDGB.L.

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