TDGB.L vs. JEDG.L
TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and JEDG.L (VanEck Space Innovators UCITS ETF) 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 JEDG.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD. Both are passively managed. Over the past 3 years, TDGB.L returned 20.98%/yr vs 54.19%/yr for JEDG.L. At a 0.35 correlation, their price movements are largely independent. TDGB.L charges 0.38%/yr vs 0.55%/yr for JEDG.L.
Performance
TDGB.L vs. JEDG.L - Performance Comparison
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Returns By Period
In the year-to-date period, TDGB.L achieves a 9.19% return, which is significantly lower than JEDG.L's 35.90% return.
TDGB.L
- 1D
- 0.25%
- 1M
- -0.85%
- YTD
- 9.19%
- 6M
- 9.90%
- 1Y
- 29.91%
- 3Y*
- 20.98%
- 5Y*
- 17.76%
- 10Y*
- 10.68%
JEDG.L
- 1D
- 0.00%
- 1M
- -32.57%
- YTD
- 35.90%
- 6M
- 31.50%
- 1Y
- 105.62%
- 3Y*
- 54.19%
- 5Y*
- —
- 10Y*
- —
TDGB.L vs. JEDG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.19% | 30.90% | 10.66% | 9.04% | 11.65% |
JEDG.L VanEck Space Innovators UCITS ETF | 35.90% | 80.38% | 46.13% | 6.44% | -11.57% |
Correlation
The correlation between TDGB.L and JEDG.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022 | 0.35 |
Over the past year, the correlation between TDGB.L and JEDG.L has dropped to 0.12 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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Return for Risk
TDGB.L vs. JEDG.L — Risk / Return Rank
TDGB.L
JEDG.L
TDGB.L vs. JEDG.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 VanEck Space Innovators UCITS ETF (JEDG.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 | JEDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.35 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 6.39 | 3.21 | +3.18 |
| Martin ratioReturn relative to average drawdown | 21.09 | 11.15 | +9.94 |
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Drawdowns
TDGB.L vs. JEDG.L - Drawdown Comparison
The maximum TDGB.L drawdown since its inception was -32.94%, roughly equal to the maximum JEDG.L drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for TDGB.L and JEDG.L.
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Drawdown Indicators
| TDGB.L | JEDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.94% | -33.09% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -33.09% | +28.43% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -33.09% | +20.67% |
Max Drawdown (5Y)Largest decline over 5 years | -12.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.94% | — | — |
Current DrawdownCurrent decline from peak | -1.22% | -33.09% | +31.87% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -9.12% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 9.51% | -8.10% |
Volatility
TDGB.L vs. JEDG.L - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) is 2.13%, while VanEck Space Innovators UCITS ETF (JEDG.L) has a volatility of 15.82%. This indicates that TDGB.L experiences smaller price fluctuations and is considered to be less risky than JEDG.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 | JEDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 15.82% | -13.69% |
Volatility (6M)Calculated over the trailing 6-month period | 7.03% | 35.92% | -28.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.29% | 46.16% | -36.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.43% | 33.60% | -22.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 33.60% | -19.91% |
TDGB.L vs. JEDG.L - Expense Ratio Comparison
TDGB.L has a 0.38% expense ratio, which is lower than JEDG.L's 0.55% expense ratio.
Dividends
TDGB.L vs. JEDG.L - Dividend Comparison
TDGB.L's dividend yield for the trailing twelve months is around 3.19%, while JEDG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JEDG.L VanEck Space Innovators UCITS ETF | 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 | 3.19% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% |
Frequently Asked Questions
TDGB.L and JEDG.L have a correlation of 0.12, 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 0.55% for JEDG.L.
TDGB.L is categorized as Global Equities, while JEDG.L is Industrials Equities. TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while JEDG.L tracks MSCI World/Materials NR USD. Their fees differ too: 0.38% for TDGB.L and 0.55% for JEDG.L.
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