TDGB.L vs. ZPRG.DE
TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and ZPRG.DE (SPDR S&P Global Dividend Aristocrats UCITS) 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 ZPRG.DE is a Global Equity Income fund tracking the S&P Global Dividend Aristocrats Quality Income Index. Both are passively managed. Over the past 5 years, TDGB.L returned 17.70%/yr vs 6.65%/yr for ZPRG.DE. A 0.75 correlation means they provide meaningful diversification when combined. TDGB.L charges 0.38%/yr vs 0.45%/yr for ZPRG.DE.
Performance
TDGB.L vs. ZPRG.DE - Performance Comparison
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Different Trading Currencies
TDGB.L is traded in GBP, while ZPRG.DE is traded in EUR. To make them comparable, the ZPRG.DE 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 higher than ZPRG.DE's 6.24% return.
TDGB.L
- 1D
- 0.48%
- 1M
- -0.06%
- YTD
- 8.92%
- 6M
- 11.77%
- 1Y
- 29.00%
- 3Y*
- 20.13%
- 5Y*
- 17.70%
- 10Y*
- —
ZPRG.DE
- 1D
- 0.53%
- 1M
- -1.04%
- YTD
- 6.24%
- 6M
- 6.51%
- 1Y
- 18.51%
- 3Y*
- 11.73%
- 5Y*
- 6.65%
- 10Y*
- 7.14%
TDGB.L vs. ZPRG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% |
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS | 6.24% | 10.50% | 8.26% | 1.43% | 4.25% | 16.35% | -12.85% | 11.98% |
Correlation
The correlation between TDGB.L and ZPRG.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019 | 0.75 |
The correlation between TDGB.L and ZPRG.DE shifts across timeframes, from 0.59 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TDGB.L vs. ZPRG.DE — Risk / Return Rank
TDGB.L
ZPRG.DE
TDGB.L vs. ZPRG.DE - 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 SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE). 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 | ZPRG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.34 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 6.26 | 2.82 | +3.44 |
| Martin ratioReturn relative to average drawdown | 20.72 | 9.22 | +11.49 |
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 | ZPRG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.15 | 1.93 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.55 | 0.54 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.48 | +0.50 |
Drawdowns
TDGB.L vs. ZPRG.DE - Drawdown Comparison
The maximum TDGB.L drawdown since its inception was -29.60%, smaller than the maximum ZPRG.DE drawdown of -35.69%. Use the drawdown chart below to compare losses from any high point for TDGB.L and ZPRG.DE.
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Drawdown Indicators
| TDGB.L | ZPRG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.60% | -35.69% | +6.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -6.43% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -12.41% | -15.20% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -12.41% | -16.20% | +3.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.69% | — |
Current DrawdownCurrent decline from peak | -1.47% | -1.93% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -5.51% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.97% | -0.56% |
Volatility
TDGB.L vs. ZPRG.DE - Volatility Comparison
The current volatility for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) is 2.49%, while SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) has a volatility of 2.81%. This indicates that TDGB.L experiences smaller price fluctuations and is considered to be less risky than ZPRG.DE 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 | ZPRG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 2.81% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.01% | 6.91% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 9.39% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.42% | 12.22% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.44% | 14.63% | -0.19% |
TDGB.L vs. ZPRG.DE - Expense Ratio Comparison
TDGB.L has a 0.38% expense ratio, which is lower than ZPRG.DE's 0.45% expense ratio.
Dividends
TDGB.L vs. ZPRG.DE - Dividend Comparison
TDGB.L's dividend yield for the trailing twelve months is around 3.20%, less than ZPRG.DE's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.20% | 3.50% | 4.27% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 0.00% | 0.00% | 0.00% | 0.00% |
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS | 3.89% | 4.25% | 3.73% | 4.22% | 4.49% | 3.57% | 3.98% | 3.44% | 3.95% | 3.36% | 3.62% | 3.80% |
Frequently Asked Questions
TDGB.L and ZPRG.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
TDGB.L is cheaper with a 0.38% expense ratio, compared with 0.45% for ZPRG.DE.
TDGB.L is categorized as Global Equities, while ZPRG.DE is Global Equity Income. TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while ZPRG.DE tracks S&P Global Dividend Aristocrats Quality Income Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.38% for TDGB.L and 0.45% for ZPRG.DE.
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