VGWE.DE vs. VHYG.L

Last updated Jun 5, 2026

VGWE.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc) and VHYG.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF) are both exchange-traded funds - VGWE.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while VHYG.L is a Global Equities fund tracking the MSCI World High Dividend Yield NR USD. Both are passively managed. Over the past 5 years, VGWE.DE returned 11.47%/yr vs 11.53%/yr for VHYG.L. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.29% expense ratio.

Performance

VGWE.DE vs. VHYG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE) and Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VGWE.DE is traded in EUR, while VHYG.L is traded in GBP. To make them comparable, the VHYG.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with VGWE.DE having a 12.43% return and VHYG.L slightly higher at 12.62%.

VGWE.DE

• 1D: 0.23%
• 1M: 2.28%
• YTD: 12.43%
• 6M: 13.64%
• 1Y: 24.97%
• 3Y*: 15.83%
• 5Y*: 11.47%
• 10Y*: —

VHYG.L

• 1D: 0.28%
• 1M: 3.74%
• YTD: 12.62%
• 6M: 14.35%
• 1Y: 25.15%
• 3Y*: 15.81%
• 5Y*: 11.53%
• 10Y*: —

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

VGWE.DE vs. VHYG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc	12.43%	12.81%	15.59%	7.89%	0.02%	27.83%	6.23%
VHYG.L Vanguard FTSE All-World High Dividend Yield UCITS ETF	12.63%	12.18%	16.35%	7.23%	0.73%	27.04%	6.90%

Correlation

The correlation between VGWE.DE and VHYG.L is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.87

The correlation between VGWE.DE and VHYG.L has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

Return for Risk

VGWE.DE vs. VHYG.L — Risk / Return Rank

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

VGWE.DE

VGWE.DE Risk / Return Rank: 81
VGWE.DE Sharpe Ratio Rank: 81
VGWE.DE Sortino Ratio Rank: 83
VGWE.DE Omega Ratio Rank: 79
VGWE.DE Calmar Ratio Rank: 80
VGWE.DE Martin Ratio Rank: 81

VHYG.L

VHYG.L Risk / Return Rank: 86
VHYG.L Sharpe Ratio Rank: 90
VHYG.L Sortino Ratio Rank: 90
VHYG.L Omega Ratio Rank: 90
VHYG.L Calmar Ratio Rank: 80
VHYG.L Martin Ratio Rank: 78

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.

VGWE.DE vs. VHYG.L - 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 Acc (VGWE.DE) and Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.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.

	VGWE.DE	VHYG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.60	2.61	0.00
Sortino ratio: Return per unit of downside risk	3.65	3.55	+0.09
Omega ratio: Gain probability vs. loss probability	1.47	1.49	-0.02
Calmar ratio: Return relative to maximum drawdown	4.11	4.30	-0.19
Martin ratio: Return relative to average drawdown	15.82	16.30	-0.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGWE.DE vs. VHYG.L - Sharpe Ratio Comparison

The current VGWE.DE Sharpe Ratio is 2.60, which is comparable to the VHYG.L Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of VGWE.DE and VHYG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VGWE.DE	VHYG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	2.61	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.97	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.41	+0.69

Drawdowns

VGWE.DE vs. VHYG.L - Drawdown Comparison

The maximum VGWE.DE drawdown since its inception was -16.43%, smaller than the maximum VHYG.L drawdown of -42.84%. Use the drawdown chart below to compare losses from any high point for VGWE.DE and VHYG.L.

Drawdown Indicators

	VGWE.DE	VHYG.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.43%	-42.84%	+26.41%
Max Drawdown (1Y) Largest decline over 1 year	-6.00%	-5.82%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-16.43%	-15.70%	-0.73%
Max Drawdown (5Y) Largest decline over 5 years	-16.43%	-15.70%	-0.73%
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-2.37%	-7.88%	+5.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	1.54%	+0.02%

Volatility

VGWE.DE vs. VHYG.L - Volatility Comparison

Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE) has a higher volatility of 2.38% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.L) at 2.22%. This indicates that VGWE.DE's price experiences larger fluctuations and is considered to be riskier than VHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGWE.DE	VHYG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	2.22%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	7.18%	7.27%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	9.47%	9.60%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.51%	11.90%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.23%	16.82%	-4.59%

VGWE.DE vs. VHYG.L - Expense Ratio Comparison

Both VGWE.DE and VHYG.L have an expense ratio of 0.29%.

Dividends

VGWE.DE vs. VHYG.L - Dividend Comparison

Neither VGWE.DE nor VHYG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VGWE.DE and VHYG.L in my portfolio?

VGWE.DE and VHYG.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VGWE.DE or VHYG.L?

Both ETFs have the same 0.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGWE.DE or VHYG.L?

VGWE.DE and VHYG.L have the same expense ratio: 0.29% per year.

What is the main difference between VGWE.DE and VHYG.L?

VGWE.DE is categorized as Dividend, while VHYG.L is Global Equities. VGWE.DE tracks FTSE All-World High Dividend Yield Index, while VHYG.L tracks MSCI World High Dividend Yield NR USD.