TDIV.L vs. LGGL.L
TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist)) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds - TDIV.L tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index while LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, TDIV.L returned 17.81%/yr vs 11.57%/yr for LGGL.L. A 0.74 correlation means they provide meaningful diversification when combined. TDIV.L charges 0.38%/yr vs 0.10%/yr for LGGL.L.
Performance
TDIV.L vs. LGGL.L - Performance Comparison
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Returns By Period
In the year-to-date period, TDIV.L achieves a 11.84% return, which is significantly higher than LGGL.L's 9.10% return.
TDIV.L
- 1D
- 0.32%
- 1M
- 2.15%
- 6M
- 10.53%
- YTD
- 11.84%
- 1Y
- 29.81%
- 3Y*
- 22.34%
- 5Y*
- 17.81%
- 10Y*
- 13.83%
LGGL.L
- 1D
- -1.06%
- 1M
- -0.66%
- 6M
- 7.46%
- YTD
- 9.10%
- 1Y
- 20.45%
- 3Y*
- 18.55%
- 5Y*
- 11.57%
- 10Y*
- —
TDIV.L vs. LGGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 11.84% | 40.41% | 8.93% | 15.44% | 9.29% | 18.14% | -2.30% | 37.03% | -7.57% |
LGGL.L L&G Global Equity UCITS ETF | 9.10% | 21.18% | 19.20% | 25.02% | -18.03% | 21.94% | 16.35% | 26.98% | -7.73% |
Correlation
The correlation between TDIV.L and LGGL.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.74 |
Over the past year, the correlation between TDIV.L and LGGL.L has dropped to 0.51 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
TDIV.L vs. LGGL.L — Risk / Return Rank
TDIV.L
LGGL.L
TDIV.L vs. LGGL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.L) and L&G Global Equity UCITS ETF (LGGL.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.
| TDIV.L | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.30 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 5.64 | 2.42 | +3.22 |
| Martin ratioReturn relative to average drawdown | 15.83 | 9.97 | +5.87 |
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Drawdowns
TDIV.L vs. LGGL.L - Drawdown Comparison
The maximum TDIV.L drawdown since its inception was -37.94%, which is greater than LGGL.L's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for TDIV.L and LGGL.L.
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Drawdown Indicators
| TDIV.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -33.89% | -4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -8.42% | +3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -17.79% | +3.90% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -25.76% | +7.24% |
Max Drawdown (10Y)Largest decline over 10 years | -37.94% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.17% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -4.91% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.05% | -0.17% |
Volatility
TDIV.L vs. LGGL.L - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.L) and L&G Global Equity UCITS ETF (LGGL.L) have volatilities of 2.90% and 3.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDIV.L | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 3.00% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 9.89% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 12.31% | -1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 15.65% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 17.10% | -0.90% |
TDIV.L vs. LGGL.L - Expense Ratio Comparison
TDIV.L has a 0.38% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.
Dividends
TDIV.L vs. LGGL.L - Dividend Comparison
TDIV.L's dividend yield for the trailing twelve months is around 3.10%, while LGGL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LGGL.L L&G Global Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 3.10% | 3.49% | 4.36% | 4.82% | 4.49% | 4.14% | 3.88% | 4.37% | 5.77% | 4.50% |
Frequently Asked Questions
TDIV.L and LGGL.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGGL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.38% for TDIV.L.
TDIV.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. They also come from different issuers: VanEck and L&G. Their fees differ too: 0.38% for TDIV.L and 0.10% for LGGL.L.
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