VFEA.L vs. VHYD.L
VFEA.L (Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating) and VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - VFEA.L is a Emerging Markets Equities fund tracking the FTSE Emerging Index, while VHYD.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, VFEA.L returned 5.58%/yr vs 11.77%/yr for VHYD.L. A 0.70 correlation means they provide meaningful diversification when combined. VFEA.L charges 0.17%/yr vs 0.29%/yr for VHYD.L.
Performance
VFEA.L vs. VHYD.L - Performance Comparison
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Returns By Period
In the year-to-date period, VFEA.L achieves a 7.87% return, which is significantly lower than VHYD.L's 14.24% return.
VFEA.L
- 1D
- 0.27%
- 1M
- -1.27%
- 6M
- 2.80%
- YTD
- 7.87%
- 1Y
- 16.96%
- 3Y*
- 14.95%
- 5Y*
- 5.58%
- 10Y*
- —
- ALL TIME*
- 8.17%
VHYD.L
- 1D
- 0.92%
- 1M
- 3.14%
- 6M
- 10.61%
- YTD
- 14.24%
- 1Y
- 24.27%
- 3Y*
- 17.72%
- 5Y*
- 11.77%
- 10Y*
- 10.06%
- ALL TIME*
- 8.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.71M | $1.76M | $2.44M | |
| $2.31M | $10.95M | $5.16M |
VFEA.L vs. VHYD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFEA.L Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating | 7.87% | 25.75% | 12.39% | 7.29% | -17.29% | -1.19% | 15.18% | 11.06% |
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 14.24% | 27.03% | 9.32% | 11.43% | -5.45% | 17.84% | -0.31% | 7.64% |
Correlation
The correlation between VFEA.L and VHYD.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.70 |
The correlation between VFEA.L and VHYD.L has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
VFEA.L vs. VHYD.L — Risk / Return Rank
VFEA.L
VHYD.L
VFEA.L vs. VHYD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating (VFEA.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.
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.
| VFEA.L | VHYD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.41 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 3.12 | -1.53 |
| Martin ratioReturn relative to average drawdown | 5.07 | 11.29 | -6.22 |
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Drawdowns
VFEA.L vs. VHYD.L - Drawdown Comparison
The maximum VFEA.L drawdown since its inception was -36.03%, roughly equal to the maximum VHYD.L drawdown of -36.60%. Use the drawdown chart below to compare losses from any high point for VFEA.L and VHYD.L.
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Drawdown Indicators
| VFEA.L | VHYD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.03% | -36.60% | +0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -7.74% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -12.48% | -3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -31.33% | -20.89% | -10.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.60% | — |
Current DrawdownCurrent decline from peak | -4.81% | 0.00% | -4.81% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -5.27% | -7.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 2.14% | +1.20% |
Volatility
VFEA.L vs. VHYD.L - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating (VFEA.L) has a higher volatility of 5.04% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) at 2.50%. This indicates that VFEA.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
| VFEA.L | VHYD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 2.50% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 8.97% | +5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 10.80% | +6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.83% | 13.56% | +4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 15.18% | +4.53% |
VFEA.L vs. VHYD.L - Expense Ratio Comparison
VFEA.L has a 0.17% expense ratio, which is lower than VHYD.L's 0.29% expense ratio.
Dividends
VFEA.L vs. VHYD.L - Dividend Comparison
VFEA.L has not paid dividends to shareholders, while VHYD.L's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFEA.L Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating | 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 | 2.49% | 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
VFEA.L and VHYD.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFEA.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFEA.L is cheaper with a 0.17% expense ratio, compared with 0.29% for VHYD.L.
VFEA.L is categorized as Emerging Markets Equities, while VHYD.L is Dividend. VFEA.L tracks FTSE Emerging Index, while VHYD.L tracks FTSE All-World High Dividend Yield Index. Their fees differ too: 0.17% for VFEA.L and 0.29% for VHYD.L.
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