TDGB.L vs. XGSD.L

Last updated Jun 13, 2026

TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and XGSD.L (Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D) 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 XGSD.L is a Global Equity Income fund tracking the STOXX Global Select Dividend 100. Both are passively managed. Over the past 10 years, TDGB.L returned 10.61%/yr vs 10.39%/yr for XGSD.L. A 0.79 correlation means they provide meaningful diversification when combined. TDGB.L charges 0.38%/yr vs 0.50%/yr for XGSD.L.

Performance

TDGB.L vs. XGSD.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 Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D (XGSD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TDGB.L is traded in GBP, while XGSD.L is traded in GBp. To make them comparable, the XGSD.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 10.34% return, which is significantly lower than XGSD.L's 13.95% return. Both investments have delivered pretty close results over the past 10 years, with TDGB.L having a 10.61% annualized return and XGSD.L not far behind at 10.39%.

TDGB.L

• 1D: 0.29%
• 1M: 2.00%
• YTD: 10.34%
• 6M: 11.70%
• 1Y: 29.39%
• 3Y*: 20.39%
• 5Y*: 17.98%
• 10Y*: 10.61%

XGSD.L

• 1D: 1.33%
• 1M: 2.47%
• YTD: 13.95%
• 6M: 14.83%
• 1Y: 32.98%
• 3Y*: 19.53%
• 5Y*: 11.28%
• 10Y*: 10.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TDGB.L vs. XGSD.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	10.34%	30.90%	10.66%	9.04%	22.49%	19.59%	-5.61%	3.88%	-7.98%	2.87%
XGSD.L Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D	13.95%	25.51%	9.10%	2.82%	4.27%	14.85%	-3.40%	16.23%	-5.61%	7.01%

Correlation

The correlation between TDGB.L and XGSD.L is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since May 23, 2016	0.79

The correlation between TDGB.L and XGSD.L shifts across timeframes, from 0.72 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	TDGB.L	XGSD.L
Financial Services	31.7%	40.7%
Energy	19.7%	9.2%
Healthcare	14.4%	1.9%
Consumer Defensive	10.1%	6.1%
Communication Services	8.7%	3.2%
Utilities	6.2%	6.8%
Industrials	3.9%	9.0%
Consumer Cyclical	3.8%	8.6%
Basic Materials	1.2%	5.8%
Technology	0.3%	1.7%
Real Estate	0.0%	7.2%

Return for Risk

TDGB.L vs. XGSD.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: 94
TDGB.L Sharpe Ratio Rank: 94
TDGB.L Sortino Ratio Rank: 94
TDGB.L Omega Ratio Rank: 93
TDGB.L Calmar Ratio Rank: 94
TDGB.L Martin Ratio Rank: 93

XGSD.L

XGSD.L Risk / Return Rank: 96
XGSD.L Sharpe Ratio Rank: 96
XGSD.L Sortino Ratio Rank: 96
XGSD.L Omega Ratio Rank: 96
XGSD.L Calmar Ratio Rank: 95
XGSD.L Martin Ratio Rank: 95

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. XGSD.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 Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D (XGSD.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	XGSD.L	Difference
Sharpe ratio: Return per unit of total volatility	3.14	3.81	-0.66
Sortino ratio: Return per unit of downside risk	4.38	5.31	-0.93
Omega ratio: Gain probability vs. loss probability	1.59	1.71	-0.12
Calmar ratio: Return relative to maximum drawdown	6.28	6.89	-0.62
Martin ratio: Return relative to average drawdown	20.78	25.72	-4.94

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

The current TDGB.L Sharpe Ratio is 3.14, which is comparable to the XGSD.L Sharpe Ratio of 3.81. The chart below compares the historical Sharpe Ratios of TDGB.L and XGSD.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.

Drawdowns

TDGB.L vs. XGSD.L - Drawdown Comparison

The maximum TDGB.L drawdown since its inception was -32.94%, smaller than the maximum XGSD.L drawdown of -63.91%. Use the drawdown chart below to compare losses from any high point for TDGB.L and XGSD.L.

Drawdown Indicators

	TDGB.L	XGSD.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.94%	-63.91%	+30.97%
Max Drawdown (1Y) Largest decline over 1 year	-4.66%	-4.76%	+0.10%
Max Drawdown (3Y) Largest decline over 3 years	-12.42%	-11.54%	-0.88%
Max Drawdown (5Y) Largest decline over 5 years	-12.42%	-15.37%	+2.95%
Max Drawdown (10Y) Largest decline over 10 years	-32.94%	-31.91%	-1.03%
Current Drawdown Current decline from peak	-0.18%	0.00%	-0.18%
Average Drawdown Average peak-to-trough decline	-4.93%	-12.21%	+7.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.41%	1.28%	+0.13%

Volatility

TDGB.L vs. XGSD.L - Volatility Comparison

The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) is 2.06%, while Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D (XGSD.L) has a volatility of 2.48%. This indicates that TDGB.L experiences smaller price fluctuations and is considered to be less risky than XGSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDGB.L	XGSD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.06%	2.48%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	7.06%	6.53%	+0.53%
Volatility (1Y) Calculated over the trailing 1-year period	9.31%	8.62%	+0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.44%	11.41%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	13.99%	-0.23%

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

TDGB.L has a 0.38% expense ratio, which is lower than XGSD.L's 0.50% expense ratio.

Dividends

TDGB.L vs. XGSD.L - Dividend Comparison

TDGB.L's dividend yield for the trailing twelve months is around 3.16%, less than XGSD.L's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.16%	3.50%	4.26%	4.93%	4.40%	4.06%	4.16%	4.52%	4.38%	3.48%	0.00%	0.00%
XGSD.L Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D	4.11%	4.60%	6.38%	7.51%	8.71%	4.76%	5.34%	4.30%	4.68%	3.56%	2.74%	2.11%

Frequently Asked Questions

Can I hold both TDGB.L and XGSD.L in my portfolio?

TDGB.L and XGSD.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDGB.L or XGSD.L?

On fees, TDGB.L is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDGB.L or XGSD.L?

TDGB.L is cheaper with a 0.38% expense ratio, compared with 0.50% for XGSD.L.

What is the main difference between TDGB.L and XGSD.L?

TDGB.L is categorized as Global Equities, while XGSD.L is Global Equity Income. TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while XGSD.L tracks STOXX Global Select Dividend 100. They also come from different issuers: VanEck and Xtrackers. Their fees differ too: 0.38% for TDGB.L and 0.50% for XGSD.L.