TDIV.AS vs. VHYL.L
TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 10 years, TDIV.AS returned 12.10%/yr vs 9.48%/yr for VHYL.L. Their correlation of 0.80 suggests significant overlap in exposure. TDIV.AS charges 0.38%/yr vs 0.29%/yr for VHYL.L.
Performance
TDIV.AS vs. VHYL.L - Performance Comparison
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Different Trading Currencies
TDIV.AS is traded in EUR, while VHYL.L is traded in GBP. To make them comparable, the VHYL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, TDIV.AS achieves a 14.59% return, which is significantly lower than VHYL.L's 16.14% return. Over the past 10 years, TDIV.AS has outperformed VHYL.L with an annualized return of 12.10%, while VHYL.L has yielded a comparatively lower 9.48% annualized return.
TDIV.AS
- 1D
- -0.24%
- 1M
- 3.97%
- 6M
- 12.62%
- YTD
- 14.59%
- 1Y
- 31.36%
- 3Y*
- 20.92%
- 5Y*
- 18.64%
- 10Y*
- 12.10%
- ALL TIME*
- 12.50%
VHYL.L
- 1D
- -0.14%
- 1M
- 1.87%
- 6M
- 12.25%
- YTD
- 16.14%
- 1Y
- 28.06%
- 3Y*
- 16.52%
- 5Y*
- 12.31%
- 10Y*
- 9.48%
- ALL TIME*
- 9.37%
TDIV.AS vs. VHYL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 14.59% | 24.39% | 15.90% | 11.75% | 15.40% | 27.83% | -10.16% | 20.97% | -7.12% | 2.88% |
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 16.14% | 12.06% | 16.59% | 7.48% | 0.49% | 26.99% | -8.77% | 24.44% | -7.74% | 4.51% |
Correlation
The correlation between TDIV.AS and VHYL.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.80 |
The correlation between TDIV.AS and VHYL.L shifts across timeframes, from 0.68 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TDIV.AS vs. VHYL.L — Risk / Return Rank
TDIV.AS
VHYL.L
TDIV.AS vs. VHYL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) 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.
| TDIV.AS | VHYL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.61 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 8.81 | 4.81 | +3.99 |
| Martin ratioReturn relative to average drawdown | 24.98 | 18.56 | +6.42 |
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Drawdowns
TDIV.AS vs. VHYL.L - Drawdown Comparison
The maximum TDIV.AS drawdown since its inception was -36.10%, which is greater than VHYL.L's maximum drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for TDIV.AS and VHYL.L.
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Drawdown Indicators
| TDIV.AS | VHYL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.10% | -34.06% | -2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.51% | -5.80% | +2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.88% | -15.73% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -15.88% | -15.73% | -0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -36.10% | -34.06% | -2.04% |
Current DrawdownCurrent decline from peak | -0.24% | -0.30% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -4.35% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.51% | -0.26% |
Volatility
TDIV.AS vs. VHYL.L - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) has a higher volatility of 2.17% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) at 1.83%. This indicates that TDIV.AS'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
| TDIV.AS | VHYL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 1.83% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 6.89% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.11% | 8.95% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.03% | 11.43% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 13.64% | +0.95% |
TDIV.AS vs. VHYL.L - Expense Ratio Comparison
TDIV.AS has a 0.38% expense ratio, which is higher than VHYL.L's 0.29% expense ratio.
Dividends
TDIV.AS vs. VHYL.L - Dividend Comparison
TDIV.AS's dividend yield for the trailing twelve months is around 3.06%, more than VHYL.L's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.06% | 3.58% | 4.19% | 4.98% | 4.58% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% | 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
TDIV.AS and VHYL.L have a correlation of 0.68, 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 0.38% for TDIV.AS.
TDIV.AS is categorized as Global Equity Income, while VHYL.L is Dividend. TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while VHYL.L tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.38% for TDIV.AS and 0.29% for VHYL.L.
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