PHPP.L vs. VHYD.L
PHPP.L (WisdomTree Physical Precious Metals) and VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - PHPP.L is a Precious Metals fund tracking the Precious Metals Basket, while VHYD.L is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 10 years, PHPP.L returned 13.52%/yr vs 10.72%/yr for VHYD.L. At a 0.20 correlation, their price movements are largely independent. PHPP.L charges 0.44%/yr vs 0.29%/yr for VHYD.L.
Performance
PHPP.L vs. VHYD.L - Performance Comparison
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Different Trading Currencies
PHPP.L is traded in GBp, while VHYD.L is traded in USD. To make them comparable, the VHYD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PHPP.L achieves a 0.99% return, which is significantly lower than VHYD.L's 11.67% return. Over the past 10 years, PHPP.L has outperformed VHYD.L with an annualized return of 13.52%, while VHYD.L has yielded a comparatively lower 10.72% annualized return.
PHPP.L
- 1D
- 0.37%
- 1M
- -1.92%
- YTD
- 0.99%
- 6M
- 9.62%
- 1Y
- 51.59%
- 3Y*
- 25.31%
- 5Y*
- 12.75%
- 10Y*
- 13.52%
VHYD.L
- 1D
- 0.23%
- 1M
- 3.58%
- YTD
- 11.67%
- 6M
- 13.01%
- 1Y
- 28.35%
- 3Y*
- 15.99%
- 5Y*
- 11.62%
- 10Y*
- 10.72%
PHPP.L vs. VHYD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHPP.L WisdomTree Physical Precious Metals | 0.99% | 72.45% | 17.27% | -8.55% | 11.64% | -10.26% | 22.29% | 22.41% | 5.44% | 5.38% |
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 11.67% | 17.98% | 11.24% | 5.84% | 5.80% | 18.96% | -3.24% | 16.16% | -6.47% | 9.00% |
Correlation
The correlation between PHPP.L and VHYD.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 30, 2013 | 0.20 |
The correlation between PHPP.L and VHYD.L shifts across timeframes, from 0.17 (5 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PHPP.L vs. VHYD.L — Risk / Return Rank
PHPP.L
VHYD.L
PHPP.L vs. VHYD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Precious Metals (PHPP.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.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.
| PHPP.L | VHYD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.54 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 4.08 | -1.97 |
| Martin ratioReturn relative to average drawdown | 5.01 | 15.08 | -10.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PHPP.L | VHYD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 2.82 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.95 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.73 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.65 | -0.14 |
Drawdowns
PHPP.L vs. VHYD.L - Drawdown Comparison
The maximum PHPP.L drawdown since its inception was -49.43%, which is greater than VHYD.L's maximum drawdown of -29.43%. Use the drawdown chart below to compare losses from any high point for PHPP.L and VHYD.L.
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Drawdown Indicators
| PHPP.L | VHYD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.43% | -29.43% | -20.00% |
Max Drawdown (1Y)Largest decline over 1 year | -24.37% | -6.91% | -17.46% |
Max Drawdown (3Y)Largest decline over 3 years | -24.37% | -12.99% | -11.38% |
Max Drawdown (5Y)Largest decline over 5 years | -26.89% | -12.99% | -13.90% |
Max Drawdown (10Y)Largest decline over 10 years | -26.89% | -29.43% | +2.54% |
Current DrawdownCurrent decline from peak | -22.56% | 0.00% | -22.56% |
Average DrawdownAverage peak-to-trough decline | -18.70% | -3.71% | -14.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.26% | 1.87% | +8.39% |
Volatility
PHPP.L vs. VHYD.L - Volatility Comparison
WisdomTree Physical Precious Metals (PHPP.L) has a higher volatility of 7.69% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) at 2.87%. This indicates that PHPP.L's price experiences larger fluctuations and is considered to be riskier than VHYD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHPP.L | VHYD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 2.87% | +4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 29.24% | 8.20% | +21.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.86% | 10.01% | +21.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 12.24% | +9.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 14.79% | +5.05% |
PHPP.L vs. VHYD.L - Expense Ratio Comparison
PHPP.L has a 0.44% expense ratio, which is higher than VHYD.L's 0.29% expense ratio.
Dividends
PHPP.L vs. VHYD.L - Dividend Comparison
PHPP.L has not paid dividends to shareholders, while VHYD.L's dividend yield for the trailing twelve months is around 2.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHPP.L WisdomTree Physical Precious Metals | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.48% | 2.77% | 3.15% | 3.31% | 3.72% | 3.14% | 2.90% | 3.23% | 3.77% | 2.96% | 3.16% | 3.32% |
Frequently Asked Questions
PHPP.L and VHYD.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VHYD.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHYD.L is cheaper with a 0.29% expense ratio, compared with 0.44% for PHPP.L.
PHPP.L is categorized as Precious Metals, while VHYD.L is Global Equities. PHPP.L tracks Precious Metals Basket, while VHYD.L tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.44% for PHPP.L and 0.29% for VHYD.L.
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