TDGB.L vs. WNRG.L
TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and WNRG.L (State Street SPDR MSCI World Energy UCITS ETF USD (Acc)) are both Global Equities funds - TDGB.L tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index while WNRG.L tracks the MSCI World Energy 35/20 Capped Index. Both are passively managed. Over the past 10 years, TDGB.L returned 10.24%/yr vs 8.51%/yr for WNRG.L. A 0.55 correlation means they provide meaningful diversification when combined. TDGB.L charges 0.38%/yr vs 0.30%/yr for WNRG.L.
Performance
TDGB.L vs. WNRG.L - Performance Comparison
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Different Trading Currencies
TDGB.L is traded in GBP, while WNRG.L is traded in USD. To make them comparable, the WNRG.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 11.82% return, which is significantly lower than WNRG.L's 27.93% return. Over the past 10 years, TDGB.L has outperformed WNRG.L with an annualized return of 10.24%, while WNRG.L has yielded a comparatively lower 8.51% 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%
WNRG.L
- 1D
- 1.10%
- 1M
- 3.20%
- 6M
- 21.06%
- YTD
- 27.93%
- 1Y
- 37.02%
- 3Y*
- 15.03%
- 5Y*
- 21.10%
- 10Y*
- 8.51%
TDGB.L vs. WNRG.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% |
WNRG.L State Street SPDR MSCI World Energy UCITS ETF USD (Acc) | 27.93% | 6.65% | 3.85% | -1.65% | 64.04% | 40.05% | -32.40% | 5.71% | -9.95% | -4.27% |
Correlation
The correlation between TDGB.L and WNRG.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.55 |
Over the past year, the correlation between TDGB.L and WNRG.L has dropped to 0.29 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
TDGB.L vs. WNRG.L — Risk / Return Rank
TDGB.L
WNRG.L
TDGB.L vs. WNRG.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 State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.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 | WNRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.31 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 6.27 | 2.23 | +4.04 |
| Martin ratioReturn relative to average drawdown | 20.45 | 5.81 | +14.64 |
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Drawdowns
TDGB.L vs. WNRG.L - Drawdown Comparison
The maximum TDGB.L drawdown since its inception was -32.94%, smaller than the maximum WNRG.L drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for TDGB.L and WNRG.L.
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Drawdown Indicators
| TDGB.L | WNRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.94% | -59.34% | +26.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -16.52% | +11.86% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -21.66% | +9.24% |
Max Drawdown (5Y)Largest decline over 5 years | -12.42% | -22.11% | +9.69% |
Max Drawdown (10Y)Largest decline over 10 years | -32.94% | -59.34% | +26.40% |
Current DrawdownCurrent decline from peak | 0.00% | -10.03% | +10.03% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -12.66% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 6.35% | -4.92% |
Volatility
TDGB.L vs. WNRG.L - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) is 2.44%, while State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) has a volatility of 6.42%. This indicates that TDGB.L experiences smaller price fluctuations and is considered to be less risky than WNRG.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 | WNRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 6.42% | -3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 18.68% | -11.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.30% | 21.51% | -12.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.44% | 23.88% | -12.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.66% | 33.22% | -19.56% |
TDGB.L vs. WNRG.L - Expense Ratio Comparison
TDGB.L has a 0.38% expense ratio, which is higher than WNRG.L's 0.30% expense ratio.
Dividends
TDGB.L vs. WNRG.L - Dividend Comparison
TDGB.L's dividend yield for the trailing twelve months is around 3.11%, while WNRG.L has not paid dividends to shareholders.
| 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% |
WNRG.L State Street SPDR MSCI World Energy UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TDGB.L and WNRG.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WNRG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WNRG.L is cheaper with a 0.30% expense ratio, compared with 0.38% for TDGB.L.
TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while WNRG.L tracks MSCI World Energy 35/20 Capped Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.38% for TDGB.L and 0.30% for WNRG.L.
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