TDGB.L vs. IB01.L
TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (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 IB01.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, TDGB.L returned 17.70%/yr vs 4.50%/yr for IB01.L. At a 0.07 correlation, their price movements are largely independent. TDGB.L charges 0.38%/yr vs 0.07%/yr for IB01.L.
Performance
TDGB.L vs. IB01.L - Performance Comparison
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Different Trading Currencies
TDGB.L is traded in GBP, while IB01.L is traded in USD. To make them comparable, the IB01.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 8.92% return, which is significantly higher than IB01.L's 1.86% return.
TDGB.L
- 1D
- 0.48%
- 1M
- 0.92%
- YTD
- 8.92%
- 6M
- 11.81%
- 1Y
- 29.32%
- 3Y*
- 20.13%
- 5Y*
- 17.70%
- 10Y*
- —
IB01.L
- 1D
- 0.03%
- 1M
- 1.20%
- YTD
- 1.86%
- 6M
- 1.05%
- 1Y
- 4.99%
- 3Y*
- 2.10%
- 5Y*
- 4.50%
- 10Y*
- —
TDGB.L vs. IB01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 8.92% | 30.88% | 10.65% | 9.06% | 22.49% | 19.59% | -5.61% | 8.17% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 1.86% | -3.10% | 7.09% | -0.32% | 13.10% | 0.95% | -2.08% | 0.41% |
Correlation
The correlation between TDGB.L and IB01.L is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2019 | 0.07 |
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Return for Risk
TDGB.L vs. IB01.L — Risk / Return Rank
TDGB.L
IB01.L
TDGB.L vs. IB01.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 USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.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.
| TDGB.L | IB01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.13 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 6.26 | 0.96 | +5.30 |
| Martin ratioReturn relative to average drawdown | 20.72 | 2.62 | +18.09 |
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
| TDGB.L | IB01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.15 | 0.75 | +2.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.55 | 0.53 | +1.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.26 | +0.71 |
Drawdowns
TDGB.L vs. IB01.L - Drawdown Comparison
The maximum TDGB.L drawdown since its inception was -29.60%, which is greater than IB01.L's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for TDGB.L and IB01.L.
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Drawdown Indicators
| TDGB.L | IB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.60% | -19.26% | -10.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -5.16% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -12.41% | -9.81% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -12.41% | -15.94% | +3.53% |
Current DrawdownCurrent decline from peak | -1.47% | -6.05% | +4.58% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -9.35% | +5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.90% | -0.49% |
Volatility
TDGB.L vs. IB01.L - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) has a higher volatility of 2.49% compared to iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) at 1.80%. This indicates that TDGB.L's price experiences larger fluctuations and is considered to be riskier than IB01.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 | IB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 1.80% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 7.01% | 4.96% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 6.60% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.42% | 8.47% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.44% | 8.81% | +5.63% |
TDGB.L vs. IB01.L - Expense Ratio Comparison
TDGB.L has a 0.38% expense ratio, which is higher than IB01.L's 0.07% expense ratio.
Dividends
TDGB.L vs. IB01.L - Dividend Comparison
TDGB.L's dividend yield for the trailing twelve months is around 3.20%, while IB01.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 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 | 3.20% | 3.50% | 4.27% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% |
Frequently Asked Questions
TDGB.L and IB01.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB01.L is cheaper with a 0.07% expense ratio, compared with 0.38% for TDGB.L.
TDGB.L is categorized as Global Equities, while IB01.L is Government Bonds. TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while IB01.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.38% for TDGB.L and 0.07% for IB01.L.
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