VADDX vs. VHYL.AS

Last updated Jun 13, 2026

VADDX (Invesco Equally-Weighted S&P 500 Fund) and VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) are both funds - VADDX is a S&P 500 fund tracking the S&P 500 Equal Weight 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, VADDX returned 11.78%/yr vs 10.46%/yr for VHYL.AS. A 0.59 correlation means they provide meaningful diversification when combined. VADDX charges 0.27%/yr vs 0.29%/yr for VHYL.AS.

Performance

VADDX vs. VHYL.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Equally-Weighted S&P 500 Fund (VADDX) and Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VADDX is traded in USD, while VHYL.AS is traded in EUR. To make them comparable, the VHYL.AS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VADDX achieves a 9.97% return, which is significantly lower than VHYL.AS's 12.32% return. Over the past 10 years, VADDX has outperformed VHYL.AS with an annualized return of 11.78%, while VHYL.AS has yielded a comparatively lower 10.46% annualized return.

VADDX

• 1D: 1.61%
• 1M: 3.01%
• YTD: 9.97%
• 6M: 9.33%
• 1Y: 20.22%
• 3Y*: 14.61%
• 5Y*: 8.29%
• 10Y*: 11.78%

VHYL.AS

• 1D: 1.48%
• 1M: 2.04%
• YTD: 12.32%
• 6M: 13.92%
• 1Y: 27.26%
• 3Y*: 18.56%
• 5Y*: 10.72%
• 10Y*: 10.46%

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

VADDX vs. VHYL.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VADDX Invesco Equally-Weighted S&P 500 Fund	9.97%	11.16%	12.68%	13.58%	-11.86%	29.27%	12.56%	28.92%	-7.96%	18.55%
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	12.32%	27.49%	9.55%	10.41%	-5.85%	19.14%	-0.72%	20.52%	-11.34%	19.64%

Correlation

The correlation between VADDX and VHYL.AS is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since May 21, 2013	0.59

The correlation between VADDX and VHYL.AS has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

Return for Risk

VADDX vs. VHYL.AS — Risk / Return Rank

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

VADDX

VADDX Risk / Return Rank: 52
VADDX Sharpe Ratio Rank: 48
VADDX Sortino Ratio Rank: 50
VADDX Omega Ratio Rank: 44
VADDX Calmar Ratio Rank: 60
VADDX Martin Ratio Rank: 56

VHYL.AS

VHYL.AS Risk / Return Rank: 91
VHYL.AS Sharpe Ratio Rank: 92
VHYL.AS Sortino Ratio Rank: 93
VHYL.AS Omega Ratio Rank: 92
VHYL.AS Calmar Ratio Rank: 88
VHYL.AS Martin Ratio Rank: 89

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.

VADDX vs. VHYL.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund (VADDX) 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.

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.

	VADDX	VHYL.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.52	-0.90
Sortino ratio: Return per unit of downside risk	2.35	3.57	-1.23
Omega ratio: Gain probability vs. loss probability	1.28	1.46	-0.18
Calmar ratio: Return relative to maximum drawdown	2.44	3.41	-0.97
Martin ratio: Return relative to average drawdown	9.20	12.21	-3.01

VADDX vs. VHYL.AS - Sharpe Ratio Comparison

The current VADDX Sharpe Ratio is 1.61, which is lower than the VHYL.AS Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of VADDX and VHYL.AS, 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

VADDX vs. VHYL.AS - Drawdown Comparison

The maximum VADDX drawdown since its inception was -60.12%, which is greater than VHYL.AS's maximum drawdown of -36.02%. Use the drawdown chart below to compare losses from any high point for VADDX and VHYL.AS.

Drawdown Indicators

	VADDX	VHYL.AS	Difference
Max Drawdown Largest peak-to-trough decline	-60.12%	-36.02%	-24.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.88%	-7.74%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-17.86%	-13.58%	-4.28%
Max Drawdown (5Y) Largest decline over 5 years	-21.58%	-20.99%	-0.59%
Max Drawdown (10Y) Largest decline over 10 years	-39.39%	-36.02%	-3.37%
Current Drawdown Current decline from peak	-0.46%	0.00%	-0.46%
Average Drawdown Average peak-to-trough decline	-6.99%	-8.87%	+1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.17%	-0.09%

Volatility

VADDX vs. VHYL.AS - Volatility Comparison

Invesco Equally-Weighted S&P 500 Fund (VADDX) has a higher volatility of 3.61% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) at 2.93%. This indicates that VADDX'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.

Volatility by Period

	VADDX	VHYL.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	2.93%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	8.74%	8.34%	+0.40%
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	10.47%	+1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.31%	13.40%	+2.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.55%	14.66%	+3.89%

VADDX vs. VHYL.AS - Expense Ratio Comparison

VADDX has a 0.27% expense ratio, which is lower than VHYL.AS's 0.29% expense ratio.

Dividends

VADDX vs. VHYL.AS - Dividend Comparison

VADDX's dividend yield for the trailing twelve months is around 9.17%, more than VHYL.AS's 2.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VADDX Invesco Equally-Weighted S&P 500 Fund	9.17%	10.09%	8.88%	4.86%	8.45%	9.92%	6.38%	4.68%	7.13%	2.97%	0.30%	2.98%
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	2.46%	2.85%	3.04%	3.41%	3.78%	3.03%	3.08%	3.24%	3.68%	3.13%	3.02%	3.25%

Frequently Asked Questions

Can I hold both VADDX and VHYL.AS in my portfolio?

VADDX and VHYL.AS have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.