WDSC.L vs. TDGB.L
WDSC.L (State Street SPDR MSCI World Small Cap UCITS ETF (Acc)) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equities funds - WDSC.L tracks the MSCI World Small Cap Index while TDGB.L tracks the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, WDSC.L returned 9.63%/yr vs 10.52%/yr for TDGB.L. Their 0.65 correlation means they have sometimes moved together and sometimes differently. WDSC.L charges 0.45%/yr vs 0.38%/yr for TDGB.L.
Performance
WDSC.L vs. TDGB.L - Performance Comparison
Loading charts...
Different Trading Currencies
WDSC.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, WDSC.L achieves a 11.81% return, which is significantly lower than TDGB.L's 13.67% return. Over the past 10 years, WDSC.L has underperformed TDGB.L with an annualized return of 9.63%, while TDGB.L has yielded a comparatively higher 10.52% annualized return.
WDSC.L
- 1D
- -0.99%
- 1M
- -2.65%
- 6M
- 4.90%
- YTD
- 11.81%
- 1Y
- 22.37%
- 3Y*
- 14.32%
- 5Y*
- 6.70%
- 10Y*
- 9.63%
- ALL TIME*
- 8.61%
TDGB.L
- 1D
- 0.92%
- 1M
- 6.29%
- 6M
- 8.80%
- YTD
- 13.67%
- 1Y
- 30.05%
- 3Y*
- 22.39%
- 5Y*
- 17.83%
- 10Y*
- 10.52%
- ALL TIME*
- 9.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.30M | $2.21M | $2.30M | |
| $949.95K | $851.82K | $604.30K |
WDSC.L vs. TDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDSC.L State Street SPDR MSCI World Small Cap UCITS ETF (Acc) | 11.81% | 20.00% | 7.53% | 16.42% | -18.49% | 14.70% | 16.17% | 26.07% | -14.61% | 21.92% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 13.66% | 40.77% | 8.81% | 14.79% | 9.40% | 18.51% | -2.72% | 8.05% | -13.18% | 12.67% |
Correlation
The correlation between WDSC.L and TDGB.L is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.65 |
Over the past year, the correlation between WDSC.L and TDGB.L has dropped to 0.41 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WDSC.L vs. TDGB.L — Risk / Return Rank
WDSC.L
TDGB.L
WDSC.L vs. TDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI World Small Cap UCITS ETF (Acc) (WDSC.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.
| WDSC.L | TDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.49 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 5.91 | -3.47 |
| Martin ratioReturn relative to average drawdown | 8.74 | 16.06 | -7.32 |
Loading charts...
Drawdowns
WDSC.L vs. TDGB.L - Drawdown Comparison
The maximum WDSC.L drawdown since its inception was -41.19%, smaller than the maximum TDGB.L drawdown of -45.20%. Use the drawdown chart below to compare losses from any high point for WDSC.L and TDGB.L.
Loading charts...
Drawdown Indicators
| WDSC.L | TDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.19% | -45.20% | +4.01% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -5.06% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -13.68% | -6.65% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -18.93% | -11.57% |
Max Drawdown (10Y)Largest decline over 10 years | -41.19% | -45.20% | +4.01% |
Current DrawdownCurrent decline from peak | -3.73% | 0.00% | -3.73% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -8.09% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 1.86% | +0.76% |
Volatility
WDSC.L vs. TDGB.L - Volatility Comparison
State Street SPDR MSCI World Small Cap UCITS ETF (Acc) (WDSC.L) has a higher volatility of 4.20% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 3.03%. This indicates that WDSC.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.
Loading charts...
Volatility by Period
| WDSC.L | TDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 3.03% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 8.44% | +3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 11.10% | +4.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 14.16% | +4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 16.09% | +2.44% |
WDSC.L vs. TDGB.L - Expense Ratio Comparison
WDSC.L has a 0.45% expense ratio, which is higher than TDGB.L's 0.38% expense ratio.
Dividends
WDSC.L vs. TDGB.L - Dividend Comparison
WDSC.L has not paid dividends to shareholders, while TDGB.L's dividend yield for the trailing twelve months is around 3.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.03% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% |
WDSC.L State Street SPDR MSCI World Small Cap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WDSC.L and TDGB.L have a correlation of 0.41, 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 WDSC.L.
WDSC.L tracks MSCI World Small Cap Index, while TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.45% for WDSC.L and 0.38% for TDGB.L.
Find the right allocation for WDSC.L and TDGB.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer