VGWD.DE vs. HDLV.DE
VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and HDLV.DE (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) are both Dividend funds - VGWD.DE tracks the FTSE All-World High Dividend Yield Index while HDLV.DE tracks the S&P 500 Low Volatility High Dividend Net Total Return Index. Both are passively managed. Over the past 5 years, VGWD.DE returned 12.22%/yr vs 7.83%/yr for HDLV.DE. A 0.72 correlation means they provide meaningful diversification when combined. VGWD.DE charges 0.29%/yr vs 0.30%/yr for HDLV.DE.
Performance
VGWD.DE vs. HDLV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGWD.DE achieves a 16.14% return, which is significantly higher than HDLV.DE's 13.82% return.
VGWD.DE
- 1D
- -0.16%
- 1M
- 1.80%
- 6M
- 12.06%
- YTD
- 16.14%
- 1Y
- 28.45%
- 3Y*
- 17.45%
- 5Y*
- 12.22%
- 10Y*
- —
HDLV.DE
- 1D
- 0.71%
- 1M
- 3.67%
- 6M
- 10.54%
- YTD
- 13.82%
- 1Y
- 14.93%
- 3Y*
- 10.95%
- 5Y*
- 7.83%
- 10Y*
- 6.14%
VGWD.DE vs. HDLV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 16.14% | 13.16% | 15.75% | 7.29% | 0.08% | 27.89% | -9.60% | 25.03% | -8.03% | 1.24% |
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 13.82% | -8.06% | 23.32% | -2.45% | 6.28% | 35.97% | -19.13% | 21.77% | -2.56% | 2.35% |
Correlation
The correlation between VGWD.DE and HDLV.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.72 |
Over the past year, the correlation between VGWD.DE and HDLV.DE has dropped to 0.49 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
VGWD.DE vs. HDLV.DE — Risk / Return Rank
VGWD.DE
HDLV.DE
VGWD.DE vs. HDLV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) and Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE). 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.
| VGWD.DE | HDLV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.22 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 2.27 | +2.60 |
| Martin ratioReturn relative to average drawdown | 19.21 | 5.78 | +13.43 |
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Drawdowns
VGWD.DE vs. HDLV.DE - Drawdown Comparison
The maximum VGWD.DE drawdown since its inception was -34.57%, smaller than the maximum HDLV.DE drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for VGWD.DE and HDLV.DE.
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Drawdown Indicators
| VGWD.DE | HDLV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.57% | -39.21% | +4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -6.56% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -19.09% | +2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -16.86% | -19.99% | +3.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.21% | — |
Current DrawdownCurrent decline from peak | -0.23% | -1.67% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -8.69% | +4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 2.58% | -1.10% |
Volatility
VGWD.DE vs. HDLV.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) is 1.80%, while Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) has a volatility of 3.74%. This indicates that VGWD.DE experiences smaller price fluctuations and is considered to be less risky than HDLV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGWD.DE | HDLV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 3.74% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 8.69% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.30% | 11.17% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.51% | 13.63% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.16% | 17.11% | -2.95% |
VGWD.DE vs. HDLV.DE - Expense Ratio Comparison
VGWD.DE has a 0.29% expense ratio, which is lower than HDLV.DE's 0.30% expense ratio.
Dividends
VGWD.DE vs. HDLV.DE - Dividend Comparison
VGWD.DE's dividend yield for the trailing twelve months is around 2.48%, less than HDLV.DE's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 3.44% | 4.01% | 3.43% | 4.14% | 3.60% | 3.24% | 4.64% | 3.68% | 3.70% | 3.22% | 2.93% | 1.86% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.48% | 2.84% | 3.05% | 3.40% | 3.78% | 3.02% | 3.08% | 3.21% | 3.70% | 0.58% | 0.00% | 0.00% |
Frequently Asked Questions
VGWD.DE and HDLV.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGWD.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGWD.DE is cheaper with a 0.29% expense ratio, compared with 0.30% for HDLV.DE.
VGWD.DE tracks FTSE All-World High Dividend Yield Index, while HDLV.DE tracks S&P 500 Low Volatility High Dividend Net Total Return Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.29% for VGWD.DE and 0.30% for HDLV.DE.
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