FGBL.L vs. VHYA.L
FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD (Acc)) and VHYA.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation) are both Dividend funds - FGBL.L tracks the Nasdaq Global High Equity Income NTR Index while VHYA.L tracks the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, FGBL.L returned 12.90%/yr vs 12.07%/yr for VHYA.L. A 0.77 correlation means they provide meaningful diversification when combined. FGBL.L charges 0.60%/yr vs 0.29%/yr for VHYA.L.
Performance
FGBL.L vs. VHYA.L - Performance Comparison
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Different Trading Currencies
FGBL.L is traded in GBp, while VHYA.L is traded in USD. To make them comparable, the VHYA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with FGBL.L having a 13.76% return and VHYA.L slightly lower at 13.51%.
FGBL.L
- 1D
- 0.26%
- 1M
- 1.06%
- 6M
- 10.74%
- YTD
- 13.76%
- 1Y
- 29.77%
- 3Y*
- 19.74%
- 5Y*
- 12.90%
- 10Y*
- 9.29%
VHYA.L
- 1D
- -0.10%
- 1M
- -1.19%
- 6M
- 9.22%
- YTD
- 13.51%
- 1Y
- 26.28%
- 3Y*
- 16.71%
- 5Y*
- 12.07%
- 10Y*
- —
FGBL.L vs. VHYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (Acc) | 13.76% | 30.51% | 6.22% | 11.15% | 3.62% | 10.79% | -8.84% | 0.61% |
VHYA.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation | 13.51% | 17.96% | 11.17% | 5.73% | 5.90% | 18.89% | -3.15% | 1.68% |
Correlation
The correlation between FGBL.L and VHYA.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.77 |
The correlation between FGBL.L and VHYA.L shifts across timeframes, from 0.63 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FGBL.L vs. VHYA.L — Risk / Return Rank
FGBL.L
VHYA.L
FGBL.L vs. VHYA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation (VHYA.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.
| FGBL.L | VHYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.42 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | 3.61 | +1.61 |
| Martin ratioReturn relative to average drawdown | 18.20 | 13.65 | +4.55 |
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Drawdowns
FGBL.L vs. VHYA.L - Drawdown Comparison
The maximum FGBL.L drawdown since its inception was -40.36%, which is greater than VHYA.L's maximum drawdown of -28.53%. Use the drawdown chart below to compare losses from any high point for FGBL.L and VHYA.L.
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Drawdown Indicators
| FGBL.L | VHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.36% | -28.53% | -11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -7.25% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -12.61% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -12.45% | -12.61% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -29.44% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -1.19% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -3.53% | -4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.92% | -0.29% |
Volatility
FGBL.L vs. VHYA.L - Volatility Comparison
The current volatility for First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) is 2.11%, while Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation (VHYA.L) has a volatility of 2.54%. This indicates that FGBL.L experiences smaller price fluctuations and is considered to be less risky than VHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGBL.L | VHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 2.54% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 8.57% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 11.34% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 12.42% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 15.14% | -1.22% |
FGBL.L vs. VHYA.L - Expense Ratio Comparison
FGBL.L has a 0.60% expense ratio, which is higher than VHYA.L's 0.29% expense ratio.
Dividends
FGBL.L vs. VHYA.L - Dividend Comparison
Neither FGBL.L nor VHYA.L has paid dividends to shareholders.
Frequently Asked Questions
FGBL.L and VHYA.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VHYA.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHYA.L is cheaper with a 0.29% expense ratio, compared with 0.60% for FGBL.L.
FGBL.L tracks Nasdaq Global High Equity Income NTR Index, while VHYA.L tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: First Trust and Vanguard. Their fees differ too: 0.60% for FGBL.L and 0.29% for VHYA.L.
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