IUVL.L vs. VHYL.L

Last updated Jul 16, 2026

IUVL.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)) and VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - IUVL.L is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value 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, IUVL.L returned 15.72%/yr vs 11.67%/yr for VHYL.L. A 0.75 correlation means they provide meaningful diversification when combined. IUVL.L charges 0.20%/yr vs 0.29%/yr for VHYL.L.

Performance

IUVL.L vs. VHYL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IUVL.L is traded in USD, while VHYL.L is traded in GBP. To make them comparable, the VHYL.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IUVL.L achieves a 40.02% return, which is significantly higher than VHYL.L's 13.53% return.

IUVL.L

• 1D: -2.03%
• 1M: -5.33%
• 6M: 34.26%
• YTD: 40.02%
• 1Y: 70.71%
• 3Y*: 29.13%
• 5Y*: 15.72%
• 10Y*: —

VHYL.L

• 1D: 0.25%
• 1M: 0.97%
• 6M: 10.74%
• YTD: 13.53%
• 1Y: 27.12%
• 3Y*: 18.38%
• 5Y*: 11.67%
• 10Y*: 10.05%

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

IUVL.L vs. VHYL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUVL.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)	40.02%	33.10%	6.39%	14.59%	-14.87%	29.80%	-1.49%	25.93%	-12.11%	21.68%
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	13.53%	27.15%	9.37%	10.81%	-5.37%	18.15%	-0.58%	21.69%	-11.88%	19.16%

Correlation

The correlation between IUVL.L and VHYL.L is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016	0.75

The correlation between IUVL.L and VHYL.L shifts across timeframes, from 0.59 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

IUVL.L vs. VHYL.L - Sectors Allocation Comparison

Sectors	IUVL.L	VHYL.L
Technology	42.5%	9.5%
Consumer Cyclical	10.5%	7.2%
Financial Services	9.8%	28.2%
Communication Services	9.6%	3.4%
Industrials	7.7%	12.2%
Healthcare	7.6%	11.1%
Consumer Defensive	4.3%	8.5%
Energy	3.0%	8.7%
Utilities	1.9%	5.3%
Real Estate	1.8%	0.8%
Basic Materials	1.4%	5.2%

Return for Risk

IUVL.L vs. VHYL.L — Risk / Return Rank

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

IUVL.L

IUVL.L Risk / Return Rank: 97
IUVL.L Sharpe Ratio Rank: 97
IUVL.L Sortino Ratio Rank: 97
IUVL.L Omega Ratio Rank: 96
IUVL.L Calmar Ratio Rank: 97
IUVL.L Martin Ratio Rank: 96

VHYL.L

VHYL.L Risk / Return Rank: 90
VHYL.L Sharpe Ratio Rank: 95
VHYL.L Sortino Ratio Rank: 94
VHYL.L Omega Ratio Rank: 94
VHYL.L Calmar Ratio Rank: 84
VHYL.L Martin Ratio Rank: 84

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.

IUVL.L vs. VHYL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.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.

	IUVL.L	VHYL.L	Difference
Sharpe ratio: Return per unit of total volatility	3.77	2.63	+1.14
Sortino ratio: Return per unit of downside risk	5.09	3.76	+1.33
Omega ratio: Gain probability vs. loss probability	1.64	1.48	+0.16
Calmar ratio: Return relative to maximum drawdown	8.31	3.45	+4.86
Martin ratio: Return relative to average drawdown	29.51	12.17	+17.34

IUVL.L vs. VHYL.L - Sharpe Ratio Comparison

The current IUVL.L Sharpe Ratio is 3.77, which is higher than the VHYL.L Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of IUVL.L and VHYL.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.

Drawdowns

IUVL.L vs. VHYL.L - Drawdown Comparison

The maximum IUVL.L drawdown since its inception was -39.73%, which is greater than VHYL.L's maximum drawdown of -36.01%. Use the drawdown chart below to compare losses from any high point for IUVL.L and VHYL.L.

Drawdown Indicators

	IUVL.L	VHYL.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.73%	-36.01%	-3.72%
Max Drawdown (1Y) Largest decline over 1 year	-8.47%	-7.82%	-0.65%
Max Drawdown (3Y) Largest decline over 3 years	-18.93%	-12.59%	-6.34%
Max Drawdown (5Y) Largest decline over 5 years	-26.70%	-21.60%	-5.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.01%	—
Current Drawdown Current decline from peak	-6.06%	0.00%	-6.06%
Average Drawdown Average peak-to-trough decline	-7.23%	-5.29%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	2.22%	+0.17%

Volatility

IUVL.L vs. VHYL.L - Volatility Comparison

iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) has a higher volatility of 7.56% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) at 2.30%. This indicates that IUVL.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.

Volatility by Period

	IUVL.L	VHYL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.56%	2.30%	+5.26%
Volatility (6M) Calculated over the trailing 6-month period	16.11%	8.35%	+7.76%
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	10.28%	+8.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.26%	13.20%	+5.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.09%	14.41%	+4.68%

IUVL.L vs. VHYL.L - Expense Ratio Comparison

IUVL.L has a 0.20% expense ratio, which is lower than VHYL.L's 0.29% expense ratio.

Dividends

IUVL.L vs. VHYL.L - Dividend Comparison

IUVL.L has not paid dividends to shareholders, while VHYL.L's dividend yield for the trailing twelve months is around 2.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUVL.L iShares Edge MSCI USA Value Factor UCITS ETF 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	2.54%	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

Can I hold both IUVL.L and VHYL.L in my portfolio?

IUVL.L and VHYL.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUVL.L or VHYL.L?

On fees, IUVL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUVL.L or VHYL.L?

IUVL.L is cheaper with a 0.20% expense ratio, compared with 0.29% for VHYL.L.

What is the main difference between IUVL.L and VHYL.L?

IUVL.L is categorized as Large Cap Value Equities, while VHYL.L is Dividend. IUVL.L tracks MSCI USA Enhanced Value 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: 0.20% for IUVL.L and 0.29% for VHYL.L.