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TDGB.L vs. CNX1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TDGB.L vs. CNX1.L

Last updated Jul 18, 2026
Documentation

TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both exchange-traded funds - TDGB.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while CNX1.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, TDGB.L returned 10.24%/yr vs 20.27%/yr for CNX1.L. At a 0.40 correlation, their price movements are largely independent. TDGB.L charges 0.38%/yr vs 0.36%/yr for CNX1.L.

Performance

TDGB.L vs. CNX1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

TDGB.L is traded in GBP, while CNX1.L is traded in GBp. To make them comparable, the CNX1.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, TDGB.L achieves a 11.82% return, which is significantly lower than CNX1.L's 12.52% return. Over the past 10 years, TDGB.L has underperformed CNX1.L with an annualized return of 10.24%, while CNX1.L has yielded a comparatively higher 20.27% annualized return.

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%

CNX1.L

1D
-2.10%
1M
-5.47%
6M
11.30%
YTD
12.52%
1Y
23.82%
3Y*
21.45%
5Y*
15.15%
10Y*
20.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TDGB.L vs. CNX1.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
CNX1.L
iShares NASDAQ 100 UCITS ETF USD (Acc)		12.52%11.57%28.51%47.71%-25.53%29.50%43.24%33.63%4.62%20.13%

Correlation

The correlation between TDGB.L and CNX1.L is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.02

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

0.17

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

0.28

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

0.41

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

0.40

Over the past year, the correlation between TDGB.L and CNX1.L has dropped to 0.02 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

TDGB.L vs. CNX1.L - Sectors Allocation Comparison

Sectors
TDGB.L
CNX1.L

Financial Services

31.9%
0.2%

Energy

19.7%
0.5%

Healthcare

14.4%
3.7%

Consumer Defensive

10.0%
6.4%

Communication Services

8.7%
14.3%

Utilities

6.2%
1.2%

Industrials

4.0%
2.8%

Consumer Cyclical

3.8%
11.4%

Basic Materials

1.2%
1.0%

Technology

0.3%
58.5%

Real Estate

0.0%
0.1%

Financial Services

TDGB.L
31.9%
CNX1.L
0.2%

Energy

TDGB.L
19.7%
CNX1.L
0.5%

Healthcare

TDGB.L
14.4%
CNX1.L
3.7%

Consumer Defensive

TDGB.L
10.0%
CNX1.L
6.4%

Communication Services

TDGB.L
8.7%
CNX1.L
14.3%

Utilities

TDGB.L
6.2%
CNX1.L
1.2%

Industrials

TDGB.L
4.0%
CNX1.L
2.8%

Consumer Cyclical

TDGB.L
3.8%
CNX1.L
11.4%

Basic Materials

TDGB.L
1.2%
CNX1.L
1.0%

Technology

TDGB.L
0.3%
CNX1.L
58.5%

Real Estate

TDGB.L
0.0%
CNX1.L
0.1%

Compare stocks, funds, or ETFs

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

VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF

iShares NASDAQ 100 UCITS ETF USD (Acc)

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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
Often compared with CNX1.L:
CNX1.L vs. CNDX.LCNX1.L vs. EQQQ.LCNX1.L vs. IITU.LCNX1.L vs. EQGB.LCNX1.L vs. QQQCNX1.L vs. XNAQ.LCNX1.L vs. SXRV.DE

Return for Risk

TDGB.L vs. CNX1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TDGB.L
TDGB.L Risk / Return Rank: 9595
Overall Rank
TDGB.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
TDGB.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
TDGB.L Omega Ratio Rank: 9595
Omega Ratio Rank
TDGB.L Calmar Ratio Rank: 9595
Calmar Ratio Rank
TDGB.L Martin Ratio Rank: 9494
Martin Ratio Rank
CNX1.L
CNX1.L Risk / Return Rank: 5151
Overall Rank
CNX1.L Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
CNX1.L Sortino Ratio Rank: 5050
Sortino Ratio Rank
CNX1.L Omega Ratio Rank: 5151
Omega Ratio Rank
CNX1.L Calmar Ratio Rank: 5353
Calmar Ratio Rank
CNX1.L Martin Ratio Rank: 4646
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.

TDGB.L vs. CNX1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.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.

TDGB.LCNX1.LDifference
Sharpe ratioReturn per unit of total volatility
3.14
1.45

+1.70

Sortino ratioReturn per unit of downside risk
4.37
2.02

+2.36

Omega ratioGain probability vs. loss probability

1.59

1.26

+0.33

Calmar ratioReturn relative to maximum drawdown

6.27

2.15

+4.12

Martin ratioReturn relative to average drawdown

20.45

6.00

+14.44

TDGB.L vs. CNX1.L - Sharpe Ratio Comparison

The current TDGB.L Sharpe Ratio is 3.14, which is higher than the CNX1.L Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of TDGB.L and CNX1.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

TDGB.L vs. CNX1.L - Drawdown Comparison

The maximum TDGB.L drawdown since its inception was -32.94%, which is greater than CNX1.L's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for TDGB.L and CNX1.L.

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Drawdown Indicators

TDGB.LCNX1.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.94%

-27.56%

-5.38%

Max Drawdown (1Y)

Largest decline over 1 year

-4.66%

-11.03%

+6.37%

Max Drawdown (3Y)

Largest decline over 3 years

-12.42%

-24.56%

+12.14%

Max Drawdown (5Y)

Largest decline over 5 years

-12.42%

-27.56%

+15.14%

Max Drawdown (10Y)

Largest decline over 10 years

-32.94%

-27.56%

-5.38%

Current Drawdown

Current decline from peak

0.00%

-7.49%

+7.49%

Average Drawdown

Average peak-to-trough decline

-4.89%

-4.90%

+0.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.43%

3.96%

-2.53%

Volatility

TDGB.L vs. CNX1.L - Volatility Comparison

The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) is 2.44%, while iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) has a volatility of 6.18%. This indicates that TDGB.L experiences smaller price fluctuations and is considered to be less risky than CNX1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TDGB.LCNX1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.44%

6.18%

-3.74%

Volatility (6M)

Calculated over the trailing 6-month period

7.26%

12.58%

-5.32%

Volatility (1Y)

Calculated over the trailing 1-year period

9.30%

16.48%

-7.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.44%

30.43%

-18.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.66%

25.51%

-11.85%

TDGB.L vs. CNX1.L - Expense Ratio Comparison

TDGB.L has a 0.38% expense ratio, which is higher than CNX1.L's 0.36% expense ratio.

Dividends

TDGB.L vs. CNX1.L - Dividend Comparison

TDGB.L's dividend yield for the trailing twelve months is around 3.11%, while CNX1.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
CNX1.L
iShares NASDAQ 100 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

TDGB.L and CNX1.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CNX1.L is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CNX1.L is cheaper with a 0.36% expense ratio, compared with 0.38% for TDGB.L.

TDGB.L is categorized as Global Equities, while CNX1.L is Nasdaq-100. TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while CNX1.L tracks NASDAQ-100 Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.38% for TDGB.L and 0.36% for CNX1.L.

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