TEET.L vs. TDGB.L
TEET.L (VanEck European Equal Weight Screened UCITS ETF) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - TEET.L is a Europe Equities fund tracking the VanEck European Equal Weight Screened 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, TEET.L returned 11.68%/yr vs 10.39%/yr for TDGB.L. A 0.74 correlation means they provide meaningful diversification when combined. TEET.L charges 0.40%/yr vs 0.38%/yr for TDGB.L.
Performance
TEET.L vs. TDGB.L - Performance Comparison
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Different Trading Currencies
TEET.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
In the year-to-date period, TEET.L achieves a 6.60% return, which is significantly lower than TDGB.L's 11.13% return. Over the past 10 years, TEET.L has outperformed TDGB.L with an annualized return of 11.68%, while TDGB.L has yielded a comparatively lower 10.39% annualized return.
TEET.L
- 1D
- -0.53%
- 1M
- -1.05%
- 6M
- 4.97%
- YTD
- 6.60%
- 1Y
- 17.45%
- 3Y*
- 16.68%
- 5Y*
- 10.23%
- 10Y*
- 11.68%
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%
TEET.L vs. TDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEET.L VanEck European Equal Weight Screened UCITS ETF | 6.60% | 36.69% | 5.24% | 23.87% | -16.69% | 17.73% | 5.97% | 39.97% | -9.19% | 10.18% |
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 TEET.L and TDGB.L 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 | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.74 |
The correlation between TEET.L and TDGB.L shifts across timeframes, from 0.59 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TEET.L vs. TDGB.L — Risk / Return Rank
TEET.L
TDGB.L
TEET.L vs. TDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck European Equal Weight Screened UCITS ETF (TEET.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.
| TEET.L | TDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.48 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 5.79 | -4.47 |
| Martin ratioReturn relative to average drawdown | 4.82 | 15.45 | -10.63 |
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Drawdowns
TEET.L vs. TDGB.L - Drawdown Comparison
The maximum TEET.L drawdown since its inception was -37.34%, smaller than the maximum TDGB.L drawdown of -45.20%. Use the drawdown chart below to compare losses from any high point for TEET.L and TDGB.L.
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Drawdown Indicators
| TEET.L | TDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.34% | -45.20% | +7.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -5.06% | -7.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -13.68% | -1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -34.03% | -18.93% | -15.10% |
Max Drawdown (10Y)Largest decline over 10 years | -37.34% | -45.20% | +7.86% |
Current DrawdownCurrent decline from peak | -2.26% | 0.00% | -2.26% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -8.11% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 1.90% | +1.49% |
Volatility
TEET.L vs. TDGB.L - Volatility Comparison
VanEck European Equal Weight Screened UCITS ETF (TEET.L) has a higher volatility of 4.76% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 3.08%. This indicates that TEET.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
| TEET.L | TDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 3.08% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.79% | 8.46% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 11.09% | +6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 14.19% | +4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 16.10% | +3.01% |
TEET.L vs. TDGB.L - Expense Ratio Comparison
TEET.L has a 0.40% expense ratio, which is higher than TDGB.L's 0.38% expense ratio.
Dividends
TEET.L vs. TDGB.L - Dividend Comparison
TEET.L's dividend yield for the trailing twelve months is around 2.68%, less than 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% |
TEET.L VanEck European Equal Weight Screened UCITS ETF | 2.68% | 2.41% | 2.84% | 2.58% | 2.92% | 2.60% | 2.20% | 3.69% | 4.29% | 2.69% |
Frequently Asked Questions
TEET.L and TDGB.L 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 0.40% for TEET.L.
TEET.L is categorized as Europe Equities, while TDGB.L is Global Equities. TEET.L tracks VanEck European Equal Weight Screened UCITS ETF, while TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Their fees differ too: 0.40% for TEET.L and 0.38% for TDGB.L.
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