TDGB.L vs. TDIV.L
TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist)) are both Global Equities funds from VanEck tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, TDGB.L returned 10.24%/yr vs 13.52%/yr for TDIV.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.38% expense ratio.
Performance
TDGB.L vs. TDIV.L - Performance Comparison
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Different Trading Currencies
TDGB.L is traded in GBP, while TDIV.L is traded in USD. To make them comparable, the TDIV.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with TDGB.L having a 11.82% return and TDIV.L slightly higher at 12.00%. Over the past 10 years, TDGB.L has underperformed TDIV.L with an annualized return of 10.24%, while TDIV.L has yielded a comparatively higher 13.52% 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%
TDIV.L
- 1D
- 0.49%
- 1M
- 0.89%
- 6M
- 9.89%
- YTD
- 12.00%
- 1Y
- 29.46%
- 3Y*
- 21.07%
- 5Y*
- 18.35%
- 10Y*
- 13.52%
TDGB.L vs. TDIV.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% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 12.00% | 30.40% | 10.83% | 9.67% | 22.28% | 19.26% | -5.17% | 31.81% | -1.23% | -5.05% |
Correlation
The correlation between TDGB.L and TDIV.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.84 |
The correlation between TDGB.L and TDIV.L has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
TDGB.L vs. TDIV.L — Risk / Return Rank
TDGB.L
TDIV.L
TDGB.L vs. TDIV.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 Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.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 | TDIV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.52 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 6.27 | 5.97 | +0.30 |
| Martin ratioReturn relative to average drawdown | 20.45 | 20.13 | +0.32 |
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Drawdowns
TDGB.L vs. TDIV.L - Drawdown Comparison
The maximum TDGB.L drawdown since its inception was -32.94%, which is greater than TDIV.L's maximum drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for TDGB.L and TDIV.L.
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Drawdown Indicators
| TDGB.L | TDIV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.94% | -29.96% | -2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -4.91% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -12.69% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -12.42% | -12.69% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -32.94% | -29.96% | -2.98% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -4.47% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.46% | -0.03% |
Volatility
TDGB.L vs. TDIV.L - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) is 2.44%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.L) has a volatility of 3.08%. This indicates that TDGB.L experiences smaller price fluctuations and is considered to be less risky than TDIV.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 | TDIV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 3.08% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 8.41% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.30% | 10.55% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.44% | 12.91% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.66% | 15.94% | -2.28% |
TDGB.L vs. TDIV.L - Expense Ratio Comparison
Both TDGB.L and TDIV.L have an expense ratio of 0.38%.
Dividends
TDGB.L vs. TDIV.L - Dividend Comparison
TDGB.L's dividend yield for the trailing twelve months is around 3.11%, which matches TDIV.L's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 3.10% | 3.49% | 4.36% | 4.82% | 4.49% | 4.14% | 3.88% | 4.37% | 5.77% | 4.50% |
Frequently Asked Questions
TDGB.L and TDIV.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TDGB.L and TDIV.L have the same expense ratio: 0.38% per year.
Both ETFs track Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index.
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