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TDGB.L vs. WQDS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TDGB.L vs. WQDS.L

Last updated Jun 5, 2026

TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and WQDS.L (iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)) are both Global Equities funds - TDGB.L tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index while WQDS.L tracks the MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. Both are passively managed. Over the past 5 years, TDGB.L returned 17.70%/yr vs 13.76%/yr for WQDS.L. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.38% expense ratio.

Performance

TDGB.L vs. WQDS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) and iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

TDGB.L is traded in GBP, while WQDS.L is traded in GBp. To make them comparable, the WQDS.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 8.92% return, which is significantly lower than WQDS.L's 15.10% return.

TDGB.L

1D
0.48%
1M
0.92%
YTD
8.92%
6M
11.81%
1Y
29.32%
3Y*
20.13%
5Y*
17.70%
10Y*
—

WQDS.L

1D
0.14%
1M
7.68%
YTD
15.10%
6M
15.33%
1Y
33.20%
3Y*
17.21%
5Y*
13.76%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TDGB.L vs. WQDS.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TDGB.L
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF		8.92%30.88%10.65%9.06%22.49%19.59%-5.61%10.74%
WQDS.L
iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)		15.10%16.53%12.46%11.62%4.66%18.72%-2.56%16.18%

Correlation

The correlation between TDGB.L and WQDS.L is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.56

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Jan 21, 2019

0.79

Over the past year, the correlation between TDGB.L and WQDS.L has dropped to 0.56 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

TDGB.L vs. WQDS.L - Sectors Allocation Comparison

Sectors
TDGB.L
WQDS.L

Financial Services

31.7%
16.9%

Energy

19.7%
4.1%

Healthcare

14.4%
14.4%

Consumer Defensive

10.1%
3.6%

Communication Services

8.7%
5.4%

Utilities

6.2%
3.1%

Industrials

3.9%
11.1%

Consumer Cyclical

3.8%
4.3%

Basic Materials

1.2%
0.7%

Technology

0.3%
35.2%

Real Estate

0.0%
1.3%

Financial Services

TDGB.L
31.7%
WQDS.L
16.9%

Energy

TDGB.L
19.7%
WQDS.L
4.1%

Healthcare

TDGB.L
14.4%
WQDS.L
14.4%

Consumer Defensive

TDGB.L
10.1%
WQDS.L
3.6%

Communication Services

TDGB.L
8.7%
WQDS.L
5.4%

Utilities

TDGB.L
6.2%
WQDS.L
3.1%

Industrials

TDGB.L
3.9%
WQDS.L
11.1%

Consumer Cyclical

TDGB.L
3.8%
WQDS.L
4.3%

Basic Materials

TDGB.L
1.2%
WQDS.L
0.7%

Technology

TDGB.L
0.3%
WQDS.L
35.2%

Real Estate

TDGB.L
0.0%
WQDS.L
1.3%

Compare stocks, funds, or ETFs

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VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF

iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)

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Often compared with WQDS.L:
WQDS.L vs. PSRE.LWQDS.L vs. FGQD.LWQDS.L vs. VGWD.DEWQDS.L vs. NQSE.DEWQDS.L vs. IS3Q.DEWQDS.L vs. QQMGWQDS.L vs. UDVD.L

Return for Risk

TDGB.L vs. WQDS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TDGB.L
TDGB.L Risk / Return Rank: 9191
Overall Rank
TDGB.L Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
TDGB.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
TDGB.L Omega Ratio Rank: 9191
Omega Ratio Rank
TDGB.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
TDGB.L Martin Ratio Rank: 9090
Martin Ratio Rank
WQDS.L
WQDS.L Risk / Return Rank: 9090
Overall Rank
WQDS.L Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
WQDS.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
WQDS.L Omega Ratio Rank: 9191
Omega Ratio Rank
WQDS.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
WQDS.L Martin Ratio Rank: 8787
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TDGB.L vs. WQDS.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 MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.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.LWQDS.LDifference
Sharpe ratioReturn per unit of total volatility
3.15
3.19

-0.04

Sortino ratioReturn per unit of downside risk
4.38
4.56

-0.18

Omega ratioGain probability vs. loss probability

1.59

1.60

-0.01

Calmar ratioReturn relative to maximum drawdown

6.26

4.90

+1.36

Martin ratioReturn relative to average drawdown

20.72

18.20

+2.51

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDGB.L vs. WQDS.L - Sharpe Ratio Comparison

The current TDGB.L Sharpe Ratio is 3.15, which is comparable to the WQDS.L Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of TDGB.L and WQDS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TDGB.LWQDS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.15

3.19

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.55

1.19

+0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.98

0.80

+0.18

Drawdowns

TDGB.L vs. WQDS.L - Drawdown Comparison

The maximum TDGB.L drawdown since its inception was -29.60%, which is greater than WQDS.L's maximum drawdown of -24.24%. Use the drawdown chart below to compare losses from any high point for TDGB.L and WQDS.L.

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Drawdown Indicators

TDGB.LWQDS.LDifference

Max Drawdown

Largest peak-to-trough decline

-29.60%

-24.24%

-5.36%

Max Drawdown (1Y)

Largest decline over 1 year

-4.66%

-6.75%

+2.09%

Max Drawdown (3Y)

Largest decline over 3 years

-12.41%

-14.93%

+2.52%

Max Drawdown (5Y)

Largest decline over 5 years

-12.41%

-14.93%

+2.52%

Current Drawdown

Current decline from peak

-1.47%

0.00%

-1.47%

Average Drawdown

Average peak-to-trough decline

-3.70%

-2.87%

-0.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.41%

1.82%

-0.41%

Volatility

TDGB.L vs. WQDS.L - Volatility Comparison

The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) is 2.49%, while iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.L) has a volatility of 3.09%. This indicates that TDGB.L experiences smaller price fluctuations and is considered to be less risky than WQDS.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.LWQDS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.49%

3.09%

-0.60%

Volatility (6M)

Calculated over the trailing 6-month period

7.01%

7.72%

-0.71%

Volatility (1Y)

Calculated over the trailing 1-year period

9.28%

10.37%

-1.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.42%

11.58%

-0.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.44%

13.22%

+1.22%

TDGB.L vs. WQDS.L - Expense Ratio Comparison

Both TDGB.L and WQDS.L have an expense ratio of 0.38%.

Dividends

TDGB.L vs. WQDS.L - Dividend Comparison

TDGB.L's dividend yield for the trailing twelve months is around 3.20%, more than WQDS.L's 2.90% yield.

PositionTTM202520242023202220212020201920182017
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%0.00%0.00%
WQDS.L
iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)		2.90%3.12%3.24%3.55%3.56%3.71%3.84%3.98%4.19%1.05%

Frequently Asked Questions

TDGB.L and WQDS.L have a correlation of 0.56, 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 WQDS.L have the same expense ratio: 0.38% per year.

TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while WQDS.L tracks MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. They also come from different issuers: VanEck and iShares.

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