TDGB.L vs. FGBL.L
TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and FGBL.L (First Trust Global Equity Income UCITS ETF Class A 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 FGBL.L is a Dividend fund tracking the Nasdaq Global High Equity Income NTR Index. Both are passively managed. Over the past 10 years, TDGB.L returned 10.24%/yr vs 9.29%/yr for FGBL.L. A 0.76 correlation means they provide meaningful diversification when combined. TDGB.L charges 0.38%/yr vs 0.60%/yr for FGBL.L.
Performance
TDGB.L vs. FGBL.L - Performance Comparison
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Different Trading Currencies
TDGB.L is traded in GBP, while FGBL.L is traded in GBp. To make them comparable, the FGBL.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 FGBL.L's 13.76% return. Over the past 10 years, TDGB.L has outperformed FGBL.L with an annualized return of 10.24%, while FGBL.L has yielded a comparatively lower 9.29% 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%
FGBL.L
- 1D
- 0.26%
- 1M
- 1.06%
- 6M
- 10.74%
- YTD
- 13.76%
- 1Y
- 29.77%
- 3Y*
- 19.74%
- 5Y*
- 12.90%
- 10Y*
- 9.29%
TDGB.L vs. FGBL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (Acc) | 13.76% | 30.51% | 6.22% | 11.15% | 3.62% | 10.79% | -8.84% | 11.01% | -5.93% | 11.89% |
Correlation
The correlation between TDGB.L and FGBL.L is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.76 |
The correlation between TDGB.L and FGBL.L shifts across timeframes, from 0.67 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TDGB.L vs. FGBL.L — Risk / Return Rank
TDGB.L
FGBL.L
TDGB.L vs. FGBL.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 First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.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.L | FGBL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.57 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.27 | 5.22 | +1.06 |
| Martin ratioReturn relative to average drawdown | 20.45 | 18.20 | +2.25 |
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Drawdowns
TDGB.L vs. FGBL.L - Drawdown Comparison
The maximum TDGB.L drawdown since its inception was -32.94%, smaller than the maximum FGBL.L drawdown of -40.36%. Use the drawdown chart below to compare losses from any high point for TDGB.L and FGBL.L.
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Drawdown Indicators
| TDGB.L | FGBL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.94% | -40.36% | +7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -5.68% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -12.45% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -12.42% | -12.45% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -32.94% | -29.44% | -3.50% |
Current DrawdownCurrent decline from peak | 0.00% | -0.03% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -8.01% | +3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.63% | -0.20% |
Volatility
TDGB.L vs. FGBL.L - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) has a higher volatility of 2.44% compared to First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) at 2.11%. This indicates that TDGB.L's price experiences larger fluctuations and is considered to be riskier than FGBL.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.L | FGBL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 2.11% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 7.11% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.30% | 9.33% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.44% | 11.86% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.66% | 13.92% | -0.26% |
TDGB.L vs. FGBL.L - Expense Ratio Comparison
TDGB.L has a 0.38% expense ratio, which is lower than FGBL.L's 0.60% expense ratio.
Dividends
TDGB.L vs. FGBL.L - Dividend Comparison
TDGB.L's dividend yield for the trailing twelve months is around 3.11%, while FGBL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FGBL.L First Trust Global Equity Income UCITS ETF Class A 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 FGBL.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TDGB.L is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TDGB.L is cheaper with a 0.38% expense ratio, compared with 0.60% for FGBL.L.
TDGB.L is categorized as Global Equities, while FGBL.L is Dividend. TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while FGBL.L tracks Nasdaq Global High Equity Income NTR Index. They also come from different issuers: VanEck and First Trust. Their fees differ too: 0.38% for TDGB.L and 0.60% for FGBL.L.
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