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MWMIX vs. VHYG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MWMIX vs. VHYG.L

Last updated Jun 12, 2026

MWMIX (VanEck Morningstar Wide Moat Fund) and VHYG.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF) are both funds - MWMIX is a Large Cap Blend Equities fund managed by VanEck, while VHYG.L is a Global Equities fund tracking the MSCI World High Dividend Yield NR USD. Over the past 5 years, MWMIX returned 6.28%/yr vs 10.41%/yr for VHYG.L. A 0.56 correlation means they provide meaningful diversification when combined. MWMIX charges 0.59%/yr vs 0.29%/yr for VHYG.L.

Performance

MWMIX vs. VHYG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat Fund (MWMIX) and Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, MWMIX achieves a -2.27% return, which is significantly lower than VHYG.L's 10.74% return.

MWMIX

1D
-1.27%
1M
1.37%
YTD
-2.27%
6M
-3.51%
1Y
10.84%
3Y*
8.67%
5Y*
6.28%
10Y*
—

VHYG.L

1D
0.82%
1M
1.61%
YTD
10.74%
6M
12.56%
1Y
25.29%
3Y*
18.42%
5Y*
10.41%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MWMIX vs. VHYG.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
MWMIX
VanEck Morningstar Wide Moat Fund		-2.27%13.17%10.30%25.20%-13.46%24.12%14.15%10.03%
VHYG.L
Vanguard FTSE All-World High Dividend Yield UCITS ETF		10.74%27.30%9.13%10.56%-5.15%18.20%-0.65%-13.19%

Correlation

The correlation between MWMIX and VHYG.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.51

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Sep 24, 2019

0.56

The correlation between MWMIX and VHYG.L has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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VanEck Morningstar Wide Moat Fund

Vanguard FTSE All-World High Dividend Yield UCITS ETF

Often compared with MWMIX:
MWMIX vs. SXR7.DEMWMIX vs. IWFQ.LMWMIX vs. SMHMWMIX vs. IWYMWMIX vs. CALFMWMIX vs. ^GSPCMWMIX vs. MOAT
Often compared with VHYG.L:
VHYG.L vs. VHYL.ASVHYG.L vs. VWRL.LVHYG.L vs. SPYDVHYG.L vs. UKDV.LVHYG.L vs. VUSA.ASVHYG.L vs. VOOVHYG.L vs. GGRP.L

Return for Risk

MWMIX vs. VHYG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MWMIX
MWMIX Risk / Return Rank: 1212
Overall Rank
MWMIX Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
MWMIX Sortino Ratio Rank: 1313
Sortino Ratio Rank
MWMIX Omega Ratio Rank: 1111
Omega Ratio Rank
MWMIX Calmar Ratio Rank: 1212
Calmar Ratio Rank
MWMIX Martin Ratio Rank: 1212
Martin Ratio Rank
VHYG.L
VHYG.L Risk / Return Rank: 8989
Overall Rank
VHYG.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
VHYG.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
VHYG.L Omega Ratio Rank: 9292
Omega Ratio Rank
VHYG.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
VHYG.L Martin Ratio Rank: 8282
Martin Ratio Rank
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.

MWMIX vs. VHYG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Fund (MWMIX) and Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.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.

MWMIXVHYG.LDifference
Sharpe ratioReturn per unit of total volatility
0.74
2.38

-1.63

Sortino ratioReturn per unit of downside risk
1.16
3.31

-2.15

Omega ratioGain probability vs. loss probability

1.13

1.42

-0.29

Calmar ratioReturn relative to maximum drawdown

0.83

3.21

-2.38

Martin ratioReturn relative to average drawdown

2.55

11.27

-8.71

MWMIX vs. VHYG.L - Sharpe Ratio Comparison

The current MWMIX Sharpe Ratio is 0.74, which is lower than the VHYG.L Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of MWMIX and VHYG.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.

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Drawdowns

MWMIX vs. VHYG.L - Drawdown Comparison

The maximum MWMIX drawdown since its inception was -33.03%, smaller than the maximum VHYG.L drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for MWMIX and VHYG.L.

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Drawdown Indicators

MWMIXVHYG.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.03%

-44.36%

+11.33%

Max Drawdown (1Y)

Largest decline over 1 year

-12.42%

-7.83%

-4.59%

Max Drawdown (3Y)

Largest decline over 3 years

-21.66%

-18.74%

-2.92%

Max Drawdown (5Y)

Largest decline over 5 years

-23.90%

-21.65%

-2.25%

Current Drawdown

Current decline from peak

-5.96%

-0.54%

-5.42%

Average Drawdown

Average peak-to-trough decline

-4.79%

-8.81%

+4.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.04%

2.23%

+1.81%

Volatility

MWMIX vs. VHYG.L - Volatility Comparison

VanEck Morningstar Wide Moat Fund (MWMIX) has a higher volatility of 4.07% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.L) at 2.43%. This indicates that MWMIX's price experiences larger fluctuations and is considered to be riskier than VHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MWMIXVHYG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.07%

2.43%

+1.64%

Volatility (6M)

Calculated over the trailing 6-month period

9.97%

8.31%

+1.66%

Volatility (1Y)

Calculated over the trailing 1-year period

13.95%

10.59%

+3.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.66%

19.14%

-0.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.46%

21.37%

-0.91%

MWMIX vs. VHYG.L - Expense Ratio Comparison

MWMIX has a 0.59% expense ratio, which is higher than VHYG.L's 0.29% expense ratio.

Dividends

MWMIX vs. VHYG.L - Dividend Comparison

MWMIX's dividend yield for the trailing twelve months is around 12.76%, while VHYG.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
MWMIX
VanEck Morningstar Wide Moat Fund		12.76%12.47%10.34%0.77%11.44%13.44%8.22%10.84%9.48%0.26%
VHYG.L
Vanguard FTSE All-World High Dividend Yield UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MWMIX and VHYG.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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