WNRG.L vs. TDGB.L
WNRG.L (State Street SPDR MSCI World Energy UCITS ETF USD (Acc)) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both Global Equities funds - WNRG.L tracks the MSCI World Energy 35/20 Capped 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, WNRG.L returned 8.80%/yr vs 10.49%/yr for TDGB.L. A 0.54 correlation means they provide meaningful diversification when combined. WNRG.L charges 0.30%/yr vs 0.38%/yr for TDGB.L.
Performance
WNRG.L vs. TDGB.L - Performance Comparison
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Different Trading Currencies
WNRG.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, WNRG.L achieves a 27.75% return, which is significantly higher than TDGB.L's 11.42% return. Over the past 10 years, WNRG.L has underperformed TDGB.L with an annualized return of 8.80%, while TDGB.L has yielded a comparatively higher 10.49% annualized return.
WNRG.L
- 1D
- 0.93%
- 1M
- 4.49%
- 6M
- 21.77%
- YTD
- 27.75%
- 1Y
- 37.39%
- 3Y*
- 16.24%
- 5Y*
- 20.55%
- 10Y*
- 8.80%
TDGB.L
- 1D
- 0.00%
- 1M
- 2.70%
- 6M
- 10.18%
- YTD
- 11.42%
- 1Y
- 29.30%
- 3Y*
- 22.31%
- 5Y*
- 17.77%
- 10Y*
- 10.49%
WNRG.L vs. TDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WNRG.L State Street SPDR MSCI World Energy UCITS ETF USD (Acc) | 27.75% | 14.83% | 2.07% | 3.52% | 46.61% | 38.74% | -30.35% | 9.89% | -14.99% | 4.80% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.76% | 40.77% | 8.81% | 14.79% | 9.40% | 18.51% | -2.72% | 8.05% | -13.18% | 12.67% |
Correlation
The correlation between WNRG.L and TDGB.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.54 |
Over the past year, the correlation between WNRG.L and TDGB.L has dropped to 0.28 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
WNRG.L vs. TDGB.L — Risk / Return Rank
WNRG.L
TDGB.L
WNRG.L vs. TDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.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.
| WNRG.L | TDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.48 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 5.76 | -3.43 |
| Martin ratioReturn relative to average drawdown | 6.70 | 15.37 | -8.68 |
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Drawdowns
WNRG.L vs. TDGB.L - Drawdown Comparison
The maximum WNRG.L drawdown since its inception was -68.72%, which is greater than TDGB.L's maximum drawdown of -45.20%. Use the drawdown chart below to compare losses from any high point for WNRG.L and TDGB.L.
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Drawdown Indicators
| WNRG.L | TDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.72% | -45.20% | -23.52% |
Max Drawdown (1Y)Largest decline over 1 year | -15.98% | -5.06% | -10.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -13.68% | -5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -18.93% | -7.62% |
Max Drawdown (10Y)Largest decline over 10 years | -63.92% | -45.20% | -18.72% |
Current DrawdownCurrent decline from peak | -8.18% | 0.00% | -8.18% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -8.11% | -9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.57% | 1.90% | +3.67% |
Volatility
WNRG.L vs. TDGB.L - Volatility Comparison
State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) has a higher volatility of 5.93% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 2.41%. This indicates that WNRG.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
| WNRG.L | TDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 2.41% | +3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 17.83% | 8.45% | +9.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 11.01% | +9.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 14.18% | +10.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.35% | 16.09% | +17.26% |
WNRG.L vs. TDGB.L - Expense Ratio Comparison
WNRG.L has a 0.30% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.
Dividends
WNRG.L vs. TDGB.L - Dividend Comparison
WNRG.L has not paid dividends to shareholders, while TDGB.L's dividend yield for the trailing twelve months is around 3.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.11% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% |
WNRG.L State Street SPDR MSCI World Energy UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WNRG.L and TDGB.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WNRG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WNRG.L is cheaper with a 0.30% expense ratio, compared with 0.38% for TDGB.L.
WNRG.L tracks MSCI World Energy 35/20 Capped 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: 0.30% for WNRG.L and 0.38% for TDGB.L.
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