CEA1.L vs. VHYL.AS
CEA1.L (iShares MSCI EM Asia UCITS ETF (Acc)) and VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) are both exchange-traded funds - CEA1.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD, while VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 10 years, CEA1.L returned 12.09%/yr vs 10.73%/yr for VHYL.AS. A 0.65 correlation means they provide meaningful diversification when combined. CEA1.L charges 0.20%/yr vs 0.29%/yr for VHYL.AS.
Performance
CEA1.L vs. VHYL.AS - Performance Comparison
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Different Trading Currencies
CEA1.L is traded in GBp, while VHYL.AS is traded in EUR. To make them comparable, the VHYL.AS values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEA1.L achieves a 30.56% return, which is significantly higher than VHYL.AS's 11.78% return. Over the past 10 years, CEA1.L has outperformed VHYL.AS with an annualized return of 12.09%, while VHYL.AS has yielded a comparatively lower 10.73% annualized return.
CEA1.L
- 1D
- -1.69%
- 1M
- 8.28%
- YTD
- 30.56%
- 6M
- 33.05%
- 1Y
- 59.80%
- 3Y*
- 23.16%
- 5Y*
- 9.12%
- 10Y*
- 12.09%
VHYL.AS
- 1D
- 0.32%
- 1M
- 3.68%
- YTD
- 11.78%
- 6M
- 13.05%
- 1Y
- 28.40%
- 3Y*
- 16.07%
- 5Y*
- 11.66%
- 10Y*
- 10.73%
CEA1.L vs. VHYL.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEA1.L iShares MSCI EM Asia UCITS ETF (Acc) | 30.56% | 25.23% | 13.67% | 0.79% | -11.96% | -4.22% | 23.90% | 13.81% | -10.88% | 29.65% |
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 11.78% | 18.42% | 11.46% | 4.89% | 5.35% | 20.27% | -3.63% | 15.95% | -6.09% | 9.29% |
Correlation
The correlation between CEA1.L and VHYL.AS is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2013 | 0.65 |
Over the past year, the correlation between CEA1.L and VHYL.AS has dropped to 0.45 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
CEA1.L vs. VHYL.AS — Risk / Return Rank
CEA1.L
VHYL.AS
CEA1.L vs. VHYL.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM Asia UCITS ETF (Acc) (CEA1.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS). 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.
| CEA1.L | VHYL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.61 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.09 | 4.09 | +1.00 |
| Martin ratioReturn relative to average drawdown | 17.73 | 15.17 | +2.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CEA1.L | VHYL.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.23 | 3.19 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 1.02 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.79 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.69 | -0.17 |
Drawdowns
CEA1.L vs. VHYL.AS - Drawdown Comparison
The maximum CEA1.L drawdown since its inception was -33.94%, which is greater than VHYL.AS's maximum drawdown of -27.87%. Use the drawdown chart below to compare losses from any high point for CEA1.L and VHYL.AS.
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Drawdown Indicators
| CEA1.L | VHYL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -27.87% | -6.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.68% | -6.85% | -4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.35% | -13.94% | -3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -28.87% | -13.94% | -14.93% |
Max Drawdown (10Y)Largest decline over 10 years | -33.94% | -27.87% | -6.07% |
Current DrawdownCurrent decline from peak | -2.67% | 0.00% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -11.09% | -3.59% | -7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 1.86% | +1.50% |
Volatility
CEA1.L vs. VHYL.AS - Volatility Comparison
iShares MSCI EM Asia UCITS ETF (Acc) (CEA1.L) has a higher volatility of 8.22% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) at 2.25%. This indicates that CEA1.L's price experiences larger fluctuations and is considered to be riskier than VHYL.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEA1.L | VHYL.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 2.25% | +5.97% |
Volatility (6M)Calculated over the trailing 6-month period | 15.73% | 7.00% | +8.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.45% | 8.78% | +9.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.81% | 11.23% | +6.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 13.42% | +5.11% |
CEA1.L vs. VHYL.AS - Expense Ratio Comparison
CEA1.L has a 0.20% expense ratio, which is lower than VHYL.AS's 0.29% expense ratio.
Dividends
CEA1.L vs. VHYL.AS - Dividend Comparison
CEA1.L has not paid dividends to shareholders, while VHYL.AS's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEA1.L iShares MSCI EM Asia UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 2.49% | 2.85% | 3.03% | 3.40% | 3.78% | 3.03% | 3.08% | 3.24% | 3.68% | 3.13% | 3.02% | 3.25% |
Frequently Asked Questions
CEA1.L and VHYL.AS have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEA1.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEA1.L is cheaper with a 0.20% expense ratio, compared with 0.29% for VHYL.AS.
CEA1.L is categorized as Asia Pacific Equities, while VHYL.AS is Global Equities. CEA1.L tracks MSCI AC Asia Ex Japan NR USD, while VHYL.AS tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for CEA1.L and 0.29% for VHYL.AS.
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