EMNE.DE vs. VHYL.L
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - EMNE.DE is a Europe Equities fund tracking the MSCI EMU ESG Enhanced Focus CTB Index, while VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, EMNE.DE returned 10.42%/yr vs 12.31%/yr for VHYL.L. A 0.58 correlation means they provide meaningful diversification when combined. EMNE.DE charges 0.12%/yr vs 0.29%/yr for VHYL.L.
Performance
EMNE.DE vs. VHYL.L - Performance Comparison
Loading charts...
Different Trading Currencies
EMNE.DE is traded in EUR, while VHYL.L is traded in GBP. To make them comparable, the VHYL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMNE.DE achieves a 9.92% return, which is significantly lower than VHYL.L's 16.14% return.
EMNE.DE
- 1D
- 0.22%
- 1M
- -2.09%
- 6M
- 8.22%
- YTD
- 9.92%
- 1Y
- 18.82%
- 3Y*
- 14.84%
- 5Y*
- 10.42%
- 10Y*
- —
- ALL TIME*
- 11.44%
VHYL.L
- 1D
- -0.14%
- 1M
- 1.87%
- 6M
- 12.25%
- YTD
- 16.14%
- 1Y
- 28.06%
- 3Y*
- 16.52%
- 5Y*
- 12.31%
- 10Y*
- 9.48%
- ALL TIME*
- 9.37%
EMNE.DE vs. VHYL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 9.92% | 22.18% | 9.86% | 18.79% | -12.35% | 22.75% | 1.44% | 16.09% |
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 16.14% | 12.06% | 16.59% | 7.48% | 0.49% | 26.99% | -8.77% | 12.34% |
Correlation
The correlation between EMNE.DE and VHYL.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.58 |
The correlation between EMNE.DE and VHYL.L shifts across timeframes, from 0.58 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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
EMNE.DE vs. VHYL.L — Risk / Return Rank
EMNE.DE
VHYL.L
EMNE.DE vs. VHYL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.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.
| EMNE.DE | VHYL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.61 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 4.81 | -3.09 |
| Martin ratioReturn relative to average drawdown | 6.34 | 18.56 | -12.21 |
Loading charts...
Drawdowns
EMNE.DE vs. VHYL.L - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, roughly equal to the maximum VHYL.L drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for EMNE.DE and VHYL.L.
Loading charts...
Drawdown Indicators
| EMNE.DE | VHYL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -34.06% | -0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -5.80% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -15.73% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -15.73% | -8.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.06% | — |
Current DrawdownCurrent decline from peak | -2.73% | -0.30% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -4.35% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 1.51% | +1.45% |
Volatility
EMNE.DE vs. VHYL.L - Volatility Comparison
iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) has a higher volatility of 3.80% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) at 1.83%. This indicates that EMNE.DE's price experiences larger fluctuations and is considered to be riskier than VHYL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMNE.DE | VHYL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 1.83% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 6.89% | +5.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 8.95% | +5.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 11.43% | +4.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 13.64% | +6.34% |
EMNE.DE vs. VHYL.L - Expense Ratio Comparison
EMNE.DE has a 0.12% expense ratio, which is lower than VHYL.L's 0.29% expense ratio.
Dividends
EMNE.DE vs. VHYL.L - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.39%, less than VHYL.L's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 2.39% | 2.61% | 2.95% | 3.17% | 3.34% | 2.40% | 1.85% | 2.67% | 0.00% | 0.00% | 0.00% | 0.00% |
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.53% | 2.79% | 3.08% | 3.37% | 3.67% | 3.08% | 3.28% | 3.34% | 3.63% | 3.09% | 2.88% | 3.20% |
Frequently Asked Questions
EMNE.DE and VHYL.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMNE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNE.DE is cheaper with a 0.12% expense ratio, compared with 0.29% for VHYL.L.
EMNE.DE is categorized as Europe Equities, while VHYL.L is Dividend. EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index, while VHYL.L tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for EMNE.DE and 0.29% for VHYL.L.
Find the right allocation for EMNE.DE and VHYL.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