SGWS.L vs. TDGB.L
SGWS.L (iShares MSCI World SRI UCITS ETF GBP Hedged (Dist)) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equities funds - SGWS.L tracks the MSCI World SRI Select Reduced Fossil Fuel Index while TDGB.L tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, SGWS.L returned 9.69%/yr vs 18.38%/yr for TDGB.L. At a 0.49 correlation, their price movements are largely independent. SGWS.L charges 0.23%/yr vs 0.38%/yr for TDGB.L.
Performance
SGWS.L vs. TDGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGWS.L achieves a 10.87% return, which is significantly lower than TDGB.L's 11.82% return.
SGWS.L
- 1D
- -1.10%
- 1M
- -1.67%
- 6M
- 7.19%
- YTD
- 10.87%
- 1Y
- 19.03%
- 3Y*
- 14.15%
- 5Y*
- 9.69%
- 10Y*
- —
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%
SGWS.L vs. TDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 10.87% | 12.73% | 13.86% | 24.27% | -20.28% | 28.51% | 7.96% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.82% | 30.90% | 10.66% | 9.04% | 22.49% | 19.59% | 8.84% |
Correlation
The correlation between SGWS.L and TDGB.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.49 |
Over the past year, the correlation between SGWS.L and TDGB.L has dropped to 0.24 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
SGWS.L vs. TDGB.L — Risk / Return Rank
SGWS.L
TDGB.L
SGWS.L vs. TDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.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.
| SGWS.L | TDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.59 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 6.27 | -4.08 |
| Martin ratioReturn relative to average drawdown | 8.49 | 20.45 | -11.95 |
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Drawdowns
SGWS.L vs. TDGB.L - Drawdown Comparison
The maximum SGWS.L drawdown since its inception was -25.65%, smaller than the maximum TDGB.L drawdown of -32.94%. Use the drawdown chart below to compare losses from any high point for SGWS.L and TDGB.L.
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Drawdown Indicators
| SGWS.L | TDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.65% | -32.94% | +7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -4.66% | -3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -12.42% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -12.42% | -13.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.94% | — |
Current DrawdownCurrent decline from peak | -2.39% | 0.00% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -4.89% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.43% | +0.80% |
Volatility
SGWS.L vs. TDGB.L - Volatility Comparison
iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.L) has a higher volatility of 4.16% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 2.44%. This indicates that SGWS.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
| SGWS.L | TDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 2.44% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 7.26% | +3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 9.30% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 11.44% | +4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 13.66% | +1.54% |
SGWS.L vs. TDGB.L - Expense Ratio Comparison
SGWS.L has a 0.23% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.
Dividends
SGWS.L vs. TDGB.L - Dividend Comparison
SGWS.L's dividend yield for the trailing twelve months is around 1.17%, less than TDGB.L's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 1.17% | 1.16% | 1.36% | 1.47% | 1.75% | 1.16% | 0.10% | 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
SGWS.L and TDGB.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGWS.L is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGWS.L is cheaper with a 0.23% expense ratio, compared with 0.38% for TDGB.L.
SGWS.L tracks MSCI World SRI Select Reduced Fossil Fuel 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: 0.23% for SGWS.L and 0.38% for TDGB.L.
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