FGBL.L vs. VHYL.L
FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD (Acc)) and VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both Dividend funds - FGBL.L tracks the Nasdaq Global High Equity Income NTR Index while VHYL.L tracks the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 10 years, FGBL.L returned 9.29%/yr vs 9.76%/yr for VHYL.L. Their correlation of 0.87 suggests significant overlap in exposure. FGBL.L charges 0.60%/yr vs 0.29%/yr for VHYL.L.
Performance
FGBL.L vs. VHYL.L - Performance Comparison
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Different Trading Currencies
FGBL.L is traded in GBp, while VHYL.L is traded in GBP. To make them comparable, the VHYL.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 VHYL.L slightly lower at 13.32%. Over the past 10 years, FGBL.L has underperformed VHYL.L with an annualized return of 9.29%, while VHYL.L has yielded a comparatively higher 9.76% annualized return.
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%
VHYL.L
- 1D
- 0.04%
- 1M
- -0.25%
- 6M
- 9.49%
- YTD
- 13.32%
- 1Y
- 25.74%
- 3Y*
- 16.86%
- 5Y*
- 12.12%
- 10Y*
- 9.76%
FGBL.L vs. VHYL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 11.01% | -5.93% | 11.89% |
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 13.32% | 18.23% | 11.22% | 5.25% | 5.95% | 19.23% | -3.53% | 17.00% | -6.59% | 8.80% |
Correlation
The correlation between FGBL.L and VHYL.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2015 | 0.87 |
The correlation between FGBL.L and VHYL.L has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
FGBL.L vs. VHYL.L — Risk / Return Rank
FGBL.L
VHYL.L
FGBL.L vs. VHYL.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 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.
| FGBL.L | VHYL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.57 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | 3.69 | +1.53 |
| Martin ratioReturn relative to average drawdown | 18.20 | 13.31 | +4.89 |
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Drawdowns
FGBL.L vs. VHYL.L - Drawdown Comparison
The maximum FGBL.L drawdown since its inception was -40.36%, which is greater than VHYL.L's maximum drawdown of -27.87%. Use the drawdown chart below to compare losses from any high point for FGBL.L and VHYL.L.
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Drawdown Indicators
| FGBL.L | VHYL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.36% | -27.87% | -12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -6.95% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -12.79% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -12.45% | -12.79% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -29.44% | -27.87% | -1.57% |
Current DrawdownCurrent decline from peak | -0.03% | -0.51% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -3.58% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.93% | -0.30% |
Volatility
FGBL.L vs. VHYL.L - Volatility Comparison
First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) has a higher volatility of 2.11% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) at 1.92%. This indicates that FGBL.L'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.
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Volatility by Period
| FGBL.L | VHYL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 1.92% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 6.95% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 8.65% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 10.76% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 12.99% | +0.93% |
FGBL.L vs. VHYL.L - Expense Ratio Comparison
FGBL.L has a 0.60% expense ratio, which is higher than VHYL.L's 0.29% expense ratio.
Dividends
FGBL.L vs. VHYL.L - Dividend Comparison
FGBL.L has not paid dividends to shareholders, while VHYL.L's dividend yield for the trailing twelve months is around 2.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (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.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
FGBL.L and VHYL.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VHYL.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHYL.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 VHYL.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 VHYL.L.
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