TDGB.L vs. SGLN.L
TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and SGLN.L (iShares Physical Gold ETC) 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 SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, TDGB.L returned 10.29%/yr vs 13.68%/yr for SGLN.L. At a correlation of -0.02, they often move in opposite directions. TDGB.L charges 0.38%/yr vs 0.12%/yr for SGLN.L.
Performance
TDGB.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
TDGB.L is traded in GBP, while SGLN.L is traded in GBp. To make them comparable, the SGLN.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 9.00% return, which is significantly higher than SGLN.L's 1.38% return. Over the past 10 years, TDGB.L has underperformed SGLN.L with an annualized return of 10.29%, while SGLN.L has yielded a comparatively higher 13.68% annualized return.
TDGB.L
- 1D
- 0.02%
- 1M
- 1.83%
- YTD
- 9.00%
- 6M
- 11.88%
- 1Y
- 28.63%
- 3Y*
- 20.07%
- 5Y*
- 17.67%
- 10Y*
- 10.29%
SGLN.L
- 1D
- -0.06%
- 1M
- -6.00%
- YTD
- 1.38%
- 6M
- 3.07%
- 1Y
- 31.70%
- 3Y*
- 27.57%
- 5Y*
- 19.24%
- 10Y*
- 13.68%
TDGB.L vs. SGLN.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 | 9.00% | 30.90% | 10.66% | 9.04% | 22.49% | 19.59% | -5.61% | 3.88% | -7.98% | 2.87% |
SGLN.L iShares Physical Gold ETC | 1.38% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between TDGB.L and SGLN.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 | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 24, 2016 | -0.02 |
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Return for Risk
TDGB.L vs. SGLN.L — Risk / Return Rank
TDGB.L
SGLN.L
TDGB.L vs. SGLN.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 Physical Gold ETC (SGLN.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 | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.27 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 6.11 | 1.75 | +4.37 |
| Martin ratioReturn relative to average drawdown | 20.15 | 4.61 | +15.54 |
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 | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.08 | 1.35 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.55 | 0.89 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.73 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.25 | +0.51 |
Drawdowns
TDGB.L vs. SGLN.L - Drawdown Comparison
The maximum TDGB.L drawdown since its inception was -32.94%, smaller than the maximum SGLN.L drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for TDGB.L and SGLN.L.
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Drawdown Indicators
| TDGB.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.94% | -53.23% | +20.29% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -18.04% | +13.38% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -20.33% | +7.91% |
Max Drawdown (5Y)Largest decline over 5 years | -12.42% | -20.33% | +7.91% |
Max Drawdown (10Y)Largest decline over 10 years | -32.94% | -22.30% | -10.64% |
Current DrawdownCurrent decline from peak | -1.40% | -18.04% | +16.64% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -24.71% | +19.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 6.86% | -5.44% |
Volatility
TDGB.L vs. SGLN.L - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) is 1.90%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 4.84%. This indicates that TDGB.L experiences smaller price fluctuations and is considered to be less risky than SGLN.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 | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 4.84% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 6.97% | 20.20% | -13.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.29% | 23.35% | -14.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.43% | 21.74% | -10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 18.80% | -5.03% |
TDGB.L vs. SGLN.L - Expense Ratio Comparison
TDGB.L has a 0.38% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
TDGB.L vs. SGLN.L - Dividend Comparison
TDGB.L's dividend yield for the trailing twelve months is around 3.20%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 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 | 3.20% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% |
Frequently Asked Questions
TDGB.L and SGLN.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, SGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLN.L is cheaper with a 0.12% expense ratio, compared with 0.38% for TDGB.L.
TDGB.L is categorized as Global Equities, while SGLN.L is Gold. TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.38% for TDGB.L and 0.12% for SGLN.L.
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