TDGB.L vs. WINC.AS
TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) 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 WINC.AS is a Global Equity Income fund actively managed by iShares. TDGB.L is passively managed, while WINC.AS is actively managed. Over the past year, TDGB.L returned 29.32% vs 25.75% for WINC.AS. At a 0.34 correlation, their price movements are largely independent. TDGB.L charges 0.38%/yr vs 0.35%/yr for WINC.AS.
Performance
TDGB.L vs. WINC.AS - Performance Comparison
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Different Trading Currencies
TDGB.L is traded in GBP, while WINC.AS is traded in USD. To make them comparable, the WINC.AS 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 8.92% return and WINC.AS slightly higher at 9.28%.
TDGB.L
- 1D
- 0.48%
- 1M
- 0.92%
- YTD
- 8.92%
- 6M
- 11.81%
- 1Y
- 29.32%
- 3Y*
- 20.13%
- 5Y*
- 17.70%
- 10Y*
- —
WINC.AS
- 1D
- 0.63%
- 1M
- 4.13%
- YTD
- 9.28%
- 6M
- 9.75%
- 1Y
- 25.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDGB.L vs. WINC.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 8.92% | 30.88% | 4.72% |
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 9.28% | 13.28% | 9.17% |
Correlation
The correlation between TDGB.L and WINC.AS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024 | 0.34 |
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Return for Risk
TDGB.L vs. WINC.AS — Risk / Return Rank
TDGB.L
WINC.AS
TDGB.L vs. WINC.AS - 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 World Equity High Income UCITS ETF USD Inc (WINC.AS). 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 | WINC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.45 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.26 | 5.28 | +0.98 |
| Martin ratioReturn relative to average drawdown | 20.72 | 18.66 | +2.05 |
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 | WINC.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.15 | 2.43 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 1.36 | -0.38 |
Drawdowns
TDGB.L vs. WINC.AS - Drawdown Comparison
The maximum TDGB.L drawdown since its inception was -29.60%, which is greater than WINC.AS's maximum drawdown of -16.90%. Use the drawdown chart below to compare losses from any high point for TDGB.L and WINC.AS.
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Drawdown Indicators
| TDGB.L | WINC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.60% | -16.90% | -12.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -4.86% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -12.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.41% | — | — |
Current DrawdownCurrent decline from peak | -1.47% | 0.00% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -2.44% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.38% | +0.03% |
Volatility
TDGB.L vs. WINC.AS - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) is 2.49%, while iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) has a volatility of 3.05%. This indicates that TDGB.L experiences smaller price fluctuations and is considered to be less risky than WINC.AS 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 | WINC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 3.05% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.01% | 8.17% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 10.57% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.42% | 13.23% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.44% | 13.23% | +1.21% |
TDGB.L vs. WINC.AS - Expense Ratio Comparison
TDGB.L has a 0.38% expense ratio, which is higher than WINC.AS's 0.35% expense ratio.
Dividends
TDGB.L vs. WINC.AS - Dividend Comparison
TDGB.L's dividend yield for the trailing twelve months is around 3.20%, less than WINC.AS's 9.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 9.64% | 9.38% | 4.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TDGB.L and WINC.AS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WINC.AS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WINC.AS is cheaper with a 0.35% expense ratio, compared with 0.38% for TDGB.L.
TDGB.L is categorized as Global Equities, while WINC.AS is Global Equity Income. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.38% for TDGB.L and 0.35% for WINC.AS.
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