IUKD.L vs. VHYA.L

Last updated Jun 5, 2026

IUKD.L (iShares UK Dividend UCITS ETF) and VHYA.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation) are both Dividend funds - IUKD.L tracks the FTSE UK Dividend+ Index while VHYA.L tracks the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, IUKD.L returned 11.88%/yr vs 11.61%/yr for VHYA.L. A 0.65 correlation means they provide meaningful diversification when combined. IUKD.L charges 0.40%/yr vs 0.29%/yr for VHYA.L.

Performance

IUKD.L vs. VHYA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares UK Dividend UCITS ETF (IUKD.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation (VHYA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IUKD.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

In the year-to-date period, IUKD.L achieves a 7.22% return, which is significantly lower than VHYA.L's 11.52% return.

IUKD.L

• 1D: 0.49%
• 1M: 0.08%
• YTD: 7.22%
• 6M: 10.48%
• 1Y: 24.39%
• 3Y*: 18.89%
• 5Y*: 11.88%
• 10Y*: 7.03%

VHYA.L

• 1D: 0.12%
• 1M: 2.13%
• YTD: 11.52%
• 6M: 13.07%
• 1Y: 28.19%
• 3Y*: 15.97%
• 5Y*: 11.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IUKD.L vs. VHYA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IUKD.L iShares UK Dividend UCITS ETF	7.22%	32.12%	12.27%	5.81%	-1.44%	23.43%	-17.92%	11.27%
VHYA.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation	11.52%	17.97%	11.17%	5.72%	5.90%	18.89%	-3.15%	0.76%

Correlation

The correlation between IUKD.L and VHYA.L is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.65

The correlation between IUKD.L and VHYA.L has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.

IUKD.L vs. VHYA.L - Sectors Allocation Comparison

Sectors	IUKD.L	VHYA.L
Financial Services	41.6%	28.6%
Consumer Defensive	15.0%	8.7%
Energy	10.0%	9.4%
Real Estate	7.8%	0.9%
Utilities	7.8%	5.7%
Communication Services	6.1%	3.5%
Basic Materials	4.8%	5.1%
Consumer Cyclical	4.3%	7.0%
Healthcare	2.5%	11.2%
Industrials	-	12.3%
Technology	-	7.7%

Return for Risk

IUKD.L vs. VHYA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IUKD.L

IUKD.L Risk / Return Rank: 61
IUKD.L Sharpe Ratio Rank: 67
IUKD.L Sortino Ratio Rank: 65
IUKD.L Omega Ratio Rank: 70
IUKD.L Calmar Ratio Rank: 51
IUKD.L Martin Ratio Rank: 53

VHYA.L

VHYA.L Risk / Return Rank: 72
VHYA.L Sharpe Ratio Rank: 74
VHYA.L Sortino Ratio Rank: 77
VHYA.L Omega Ratio Rank: 72
VHYA.L Calmar Ratio Rank: 71
VHYA.L Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IUKD.L vs. VHYA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares UK Dividend UCITS ETF (IUKD.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.

	IUKD.L	VHYA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.50	-0.30
Sortino ratio: Return per unit of downside risk	2.96	3.37	-0.41
Omega ratio: Gain probability vs. loss probability	1.41	1.45	-0.04
Calmar ratio: Return relative to maximum drawdown	2.48	3.89	-1.41
Martin ratio: Return relative to average drawdown	8.97	14.78	-5.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUKD.L vs. VHYA.L - Sharpe Ratio Comparison

The current IUKD.L Sharpe Ratio is 2.19, which is comparable to the VHYA.L Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of IUKD.L and VHYA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IUKD.L	VHYA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.50	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.94	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.66	-0.38

Drawdowns

IUKD.L vs. VHYA.L - Drawdown Comparison

The maximum IUKD.L drawdown since its inception was -61.95%, 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 IUKD.L and VHYA.L.

Drawdown Indicators

	IUKD.L	VHYA.L	Difference
Max Drawdown Largest peak-to-trough decline	-61.95%	-28.53%	-33.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-7.25%	-2.67%
Max Drawdown (3Y) Largest decline over 3 years	-10.52%	-12.61%	+2.09%
Max Drawdown (5Y) Largest decline over 5 years	-19.93%	-12.61%	-7.32%
Max Drawdown (10Y) Largest decline over 10 years	-44.34%	—	—
Current Drawdown Current decline from peak	-3.39%	0.00%	-3.39%
Average Drawdown Average peak-to-trough decline	-14.97%	-3.57%	-11.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	1.91%	+0.83%

Volatility

IUKD.L vs. VHYA.L - Volatility Comparison

iShares UK Dividend UCITS ETF (IUKD.L) has a higher volatility of 3.72% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation (VHYA.L) at 3.00%. This indicates that IUKD.L's price experiences larger fluctuations and is considered to be riskier than VHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUKD.L	VHYA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	3.00%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	9.33%	8.52%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	11.21%	11.29%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	12.40%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	15.24%	+1.98%

IUKD.L vs. VHYA.L - Expense Ratio Comparison

IUKD.L has a 0.40% expense ratio, which is higher than VHYA.L's 0.29% expense ratio.

Dividends

IUKD.L vs. VHYA.L - Dividend Comparison

IUKD.L's dividend yield for the trailing twelve months is around 4.53%, while VHYA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUKD.L iShares UK Dividend UCITS ETF	4.53%	4.85%	5.78%	5.34%	6.39%	5.68%	4.11%	5.70%	6.86%	5.19%	4.87%	5.67%
VHYA.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IUKD.L and VHYA.L in my portfolio?

IUKD.L and VHYA.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUKD.L or VHYA.L?

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.

Which ETF is cheaper, IUKD.L or VHYA.L?

VHYA.L is cheaper with a 0.29% expense ratio, compared with 0.40% for IUKD.L.

What is the main difference between IUKD.L and VHYA.L?

IUKD.L tracks FTSE UK Dividend+ Index, while VHYA.L tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.40% for IUKD.L and 0.29% for VHYA.L.