TDGB.L vs. LEER.DE
TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and LEER.DE (Amundi MSCI Eastern Europe Ex Russia 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 LEER.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Eastern Europe ex Russia Index. Both are passively managed. Over the past 10 years, TDGB.L returned 10.61%/yr vs 12.62%/yr for LEER.DE. At a 0.47 correlation, their price movements are largely independent. TDGB.L charges 0.38%/yr vs 0.50%/yr for LEER.DE.
Performance
TDGB.L vs. LEER.DE - Performance Comparison
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Different Trading Currencies
TDGB.L is traded in GBP, while LEER.DE is traded in EUR. To make them comparable, the LEER.DE 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 10.34% return, which is significantly lower than LEER.DE's 18.65% return. Over the past 10 years, TDGB.L has underperformed LEER.DE with an annualized return of 10.61%, while LEER.DE has yielded a comparatively higher 12.62% annualized return.
TDGB.L
- 1D
- 0.29%
- 1M
- 2.00%
- YTD
- 10.34%
- 6M
- 11.70%
- 1Y
- 29.39%
- 3Y*
- 20.39%
- 5Y*
- 17.98%
- 10Y*
- 10.61%
LEER.DE
- 1D
- 3.15%
- 1M
- 4.63%
- YTD
- 18.65%
- 6M
- 22.25%
- 1Y
- 48.33%
- 3Y*
- 31.96%
- 5Y*
- 17.32%
- 10Y*
- 12.62%
TDGB.L vs. LEER.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 10.34% | 30.90% | 10.66% | 9.04% | 22.49% | 19.59% | -5.61% | 3.88% | -7.98% | 2.87% |
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 18.65% | 61.96% | -0.41% | 38.88% | -16.86% | 11.92% | -13.81% | -3.97% | -7.08% | 36.17% |
Correlation
The correlation between TDGB.L and LEER.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.47 |
The correlation between TDGB.L and LEER.DE shifts across timeframes, from 0.38 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TDGB.L vs. LEER.DE — Risk / Return Rank
TDGB.L
LEER.DE
TDGB.L vs. LEER.DE - 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 Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE). 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 | LEER.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.39 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 6.28 | 5.10 | +1.17 |
| Martin ratioReturn relative to average drawdown | 20.78 | 13.52 | +7.26 |
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Drawdowns
TDGB.L vs. LEER.DE - Drawdown Comparison
The maximum TDGB.L drawdown since its inception was -32.94%, smaller than the maximum LEER.DE drawdown of -65.08%. Use the drawdown chart below to compare losses from any high point for TDGB.L and LEER.DE.
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Drawdown Indicators
| TDGB.L | LEER.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.94% | -65.08% | +32.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -9.43% | +4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -13.65% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -12.42% | -41.90% | +29.48% |
Max Drawdown (10Y)Largest decline over 10 years | -32.94% | -48.43% | +15.49% |
Current DrawdownCurrent decline from peak | -0.18% | -0.10% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -24.06% | +19.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 3.56% | -2.15% |
Volatility
TDGB.L vs. LEER.DE - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) is 2.06%, while Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) has a volatility of 6.44%. This indicates that TDGB.L experiences smaller price fluctuations and is considered to be less risky than LEER.DE 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 | LEER.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 6.44% | -4.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.06% | 17.43% | -10.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.31% | 21.28% | -11.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.44% | 23.49% | -12.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.76% | 22.10% | -8.34% |
TDGB.L vs. LEER.DE - Expense Ratio Comparison
TDGB.L has a 0.38% expense ratio, which is lower than LEER.DE's 0.50% expense ratio.
Dividends
TDGB.L vs. LEER.DE - Dividend Comparison
TDGB.L's dividend yield for the trailing twelve months is around 3.16%, while LEER.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LEER.DE Amundi MSCI Eastern Europe Ex Russia 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 | 3.16% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% |
Frequently Asked Questions
TDGB.L and LEER.DE have a correlation of 0.38, 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 0.50% for LEER.DE.
TDGB.L is categorized as Global Equities, while LEER.DE is Emerging Markets Equities. TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index. They also come from different issuers: VanEck and Amundi. Their fees differ too: 0.38% for TDGB.L and 0.50% for LEER.DE.
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