USDV.L vs. VHYL.AS
USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) and VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) are both exchange-traded funds - USDV.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index, while VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 10 years, USDV.L returned 9.84%/yr vs 10.73%/yr for VHYL.AS. A 0.75 correlation means they provide meaningful diversification when combined. USDV.L charges 0.35%/yr vs 0.29%/yr for VHYL.AS.
Performance
USDV.L vs. VHYL.AS - Performance Comparison
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Different Trading Currencies
USDV.L is traded in GBP, while VHYL.AS is traded in EUR. To make them comparable, the VHYL.AS values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, USDV.L achieves a 7.22% return, which is significantly lower than VHYL.AS's 11.73% return. Over the past 10 years, USDV.L has underperformed VHYL.AS with an annualized return of 9.84%, while VHYL.AS has yielded a comparatively higher 10.73% annualized return.
USDV.L
- 1D
- 0.13%
- 1M
- 1.22%
- YTD
- 7.22%
- 6M
- 6.65%
- 1Y
- 14.81%
- 3Y*
- 6.93%
- 5Y*
- 6.79%
- 10Y*
- 9.84%
VHYL.AS
- 1D
- 0.27%
- 1M
- 2.48%
- YTD
- 11.73%
- 6M
- 12.76%
- 1Y
- 28.49%
- 3Y*
- 16.05%
- 5Y*
- 11.65%
- 10Y*
- 10.73%
USDV.L vs. VHYL.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 7.22% | 1.15% | 9.34% | -3.52% | 11.58% | 26.74% | -2.72% | 19.69% | 1.49% | 6.73% |
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 11.73% | 18.42% | 11.46% | 4.89% | 5.35% | 20.27% | -3.63% | 15.95% | -6.09% | 9.29% |
Correlation
The correlation between USDV.L and VHYL.AS is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2013 | 0.75 |
The correlation between USDV.L and VHYL.AS shifts across timeframes, from 0.56 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USDV.L vs. VHYL.AS — Risk / Return Rank
USDV.L
VHYL.AS
USDV.L vs. VHYL.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS). 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.
| USDV.L | VHYL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.60 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 4.08 | -1.97 |
| Martin ratioReturn relative to average drawdown | 5.42 | 15.14 | -9.72 |
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
| USDV.L | VHYL.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 3.19 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 1.02 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.79 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.69 | +0.15 |
Drawdowns
USDV.L vs. VHYL.AS - Drawdown Comparison
The maximum USDV.L drawdown since its inception was -27.80%, roughly equal to the maximum VHYL.AS drawdown of -27.87%. Use the drawdown chart below to compare losses from any high point for USDV.L and VHYL.AS.
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Drawdown Indicators
| USDV.L | VHYL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.80% | -27.87% | +0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -6.85% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.30% | -13.94% | -2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -16.30% | -13.94% | -2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -27.80% | -27.87% | +0.07% |
Current DrawdownCurrent decline from peak | -3.68% | 0.00% | -3.68% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -3.59% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.86% | +0.72% |
Volatility
USDV.L vs. VHYL.AS - Volatility Comparison
SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) has a higher volatility of 2.53% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) at 2.25%. This indicates that USDV.L's price experiences larger fluctuations and is considered to be riskier than VHYL.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDV.L | VHYL.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 2.25% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 6.99% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.69% | 8.78% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 11.23% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 13.42% | +1.91% |
USDV.L vs. VHYL.AS - Expense Ratio Comparison
USDV.L has a 0.35% expense ratio, which is higher than VHYL.AS's 0.29% expense ratio.
Dividends
USDV.L vs. VHYL.AS - Dividend Comparison
USDV.L's dividend yield for the trailing twelve months is around 2.04%, less than VHYL.AS's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 2.04% | 2.20% | 1.99% | 2.29% | 2.11% | 2.12% | 2.57% | 2.65% | 2.19% | 3.07% | 1.65% | 2.00% |
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 2.49% | 2.85% | 3.03% | 3.40% | 3.78% | 3.03% | 3.08% | 3.24% | 3.68% | 3.13% | 3.02% | 3.25% |
Frequently Asked Questions
USDV.L and VHYL.AS have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VHYL.AS is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHYL.AS is cheaper with a 0.29% expense ratio, compared with 0.35% for USDV.L.
USDV.L is categorized as Large Cap Blend Equities, while VHYL.AS is Global Equities. USDV.L tracks S&P High Yield Dividend Aristocrats Index, while VHYL.AS tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.35% for USDV.L and 0.29% for VHYL.AS.
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