TDIV.L vs. TDGB.L
TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - TDIV.L is a Dividend fund tracking the VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF, while TDGB.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, TDIV.L returned 13.69%/yr vs 10.39%/yr for TDGB.L. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.38% expense ratio.
Performance
TDIV.L vs. TDGB.L - Performance Comparison
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Different Trading Currencies
TDIV.L is traded in USD, while TDGB.L is traded in GBP. To make them comparable, the TDGB.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with TDIV.L having a 10.69% return and TDGB.L slightly higher at 11.13%. Over the past 10 years, TDIV.L has outperformed TDGB.L with an annualized return of 13.69%, while TDGB.L has yielded a comparatively lower 10.39% annualized return.
TDIV.L
- 1D
- -0.15%
- 1M
- 1.36%
- 6M
- 9.22%
- YTD
- 10.69%
- 1Y
- 28.89%
- 3Y*
- 22.29%
- 5Y*
- 17.57%
- 10Y*
- 13.69%
TDGB.L
- 1D
- 0.57%
- 1M
- 1.85%
- 6M
- 9.77%
- YTD
- 11.13%
- 1Y
- 29.45%
- 3Y*
- 22.34%
- 5Y*
- 17.71%
- 10Y*
- 10.39%
TDIV.L vs. TDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 10.69% | 40.41% | 8.93% | 15.44% | 9.29% | 18.14% | -2.30% | 37.03% | -6.76% | 3.94% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.13% | 40.77% | 8.81% | 14.79% | 9.40% | 18.51% | -2.72% | 8.05% | -13.18% | 12.67% |
Correlation
The correlation between TDIV.L and TDGB.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.86 |
The correlation between TDIV.L and TDGB.L has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
TDIV.L vs. TDGB.L — Risk / Return Rank
TDIV.L
TDGB.L
TDIV.L vs. TDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.L) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.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 | TDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.48 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.40 | 5.79 | -0.39 |
| Martin ratioReturn relative to average drawdown | 15.16 | 15.45 | -0.29 |
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Drawdowns
TDIV.L vs. TDGB.L - Drawdown Comparison
The maximum TDIV.L drawdown since its inception was -37.94%, smaller than the maximum TDGB.L drawdown of -45.20%. Use the drawdown chart below to compare losses from any high point for TDIV.L and TDGB.L.
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Drawdown Indicators
| TDIV.L | TDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -45.20% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -5.06% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -13.68% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -18.93% | +0.41% |
Max Drawdown (10Y)Largest decline over 10 years | -37.94% | -45.20% | +7.26% |
Current DrawdownCurrent decline from peak | -0.15% | 0.00% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -8.11% | +4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.90% | -0.02% |
Volatility
TDIV.L vs. TDGB.L - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.L) has a higher volatility of 3.57% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 3.08%. This indicates that TDIV.L's price experiences larger fluctuations and is considered to be riskier than TDGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDIV.L | TDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 3.08% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 8.46% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 11.09% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 14.19% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 16.10% | +0.10% |
TDIV.L vs. TDGB.L - Expense Ratio Comparison
Both TDIV.L and TDGB.L have an expense ratio of 0.38%.
Dividends
TDIV.L vs. TDGB.L - Dividend Comparison
TDIV.L's dividend yield for the trailing twelve months is around 3.14%, which matches TDGB.L's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.15% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.14% | 3.49% | 4.36% | 4.82% | 4.49% | 4.14% | 3.88% | 4.37% | 5.77% | 4.50% |
Frequently Asked Questions
TDIV.L and TDGB.L have a correlation of 0.86, 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.
TDIV.L and TDGB.L have the same expense ratio: 0.38% per year.
TDIV.L is categorized as Dividend, while TDGB.L is Global Equities. TDIV.L tracks VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF, while TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index.
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