VGWE.DE vs. VHYL.AS
VGWE.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc) and VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) are both exchange-traded funds - VGWE.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield 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 5 years, VGWE.DE returned 11.47%/yr vs 11.50%/yr for VHYL.AS. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.29% expense ratio.
Performance
VGWE.DE vs. VHYL.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VGWE.DE having a 12.43% return and VHYL.AS slightly higher at 12.61%.
VGWE.DE
- 1D
- 0.23%
- 1M
- 3.30%
- YTD
- 12.43%
- 6M
- 14.13%
- 1Y
- 24.76%
- 3Y*
- 15.83%
- 5Y*
- 11.47%
- 10Y*
- —
VHYL.AS
- 1D
- 0.20%
- 1M
- 3.45%
- YTD
- 12.61%
- 6M
- 14.16%
- 1Y
- 25.03%
- 3Y*
- 15.90%
- 5Y*
- 11.50%
- 10Y*
- 9.66%
VGWE.DE vs. VHYL.AS - 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% |
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 12.61% | 12.40% | 16.77% | 7.02% | 0.17% | 27.85% | 6.21% |
Correlation
The correlation between VGWE.DE and VHYL.AS is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.94 |
The correlation between VGWE.DE and VHYL.AS has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
VGWE.DE vs. VHYL.AS — Risk / Return Rank
VGWE.DE
VHYL.AS
VGWE.DE vs. VHYL.AS - 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 - (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.
| VGWE.DE | VHYL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.51 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 4.17 | -0.06 |
| Martin ratioReturn relative to average drawdown | 15.82 | 15.90 | -0.08 |
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
| VGWE.DE | VHYL.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 2.71 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.98 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.66 | +0.44 |
Drawdowns
VGWE.DE vs. VHYL.AS - Drawdown Comparison
The maximum VGWE.DE drawdown since its inception was -16.43%, smaller than the maximum VHYL.AS drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for VGWE.DE and VHYL.AS.
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Drawdown Indicators
| VGWE.DE | VHYL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.43% | -34.08% | +17.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -5.93% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.43% | -16.76% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | -16.76% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.08% | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.24% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -4.34% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.56% | 0.00% |
Volatility
VGWE.DE vs. VHYL.AS - 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 - (USD) Distributing (VHYL.AS) at 2.22%. This indicates that VGWE.DE'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
| VGWE.DE | VHYL.AS | 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% | 6.95% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.47% | 9.10% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.51% | 11.57% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.23% | 13.59% | -1.36% |
VGWE.DE vs. VHYL.AS - Expense Ratio Comparison
Both VGWE.DE and VHYL.AS have an expense ratio of 0.29%.
Dividends
VGWE.DE vs. VHYL.AS - Dividend Comparison
VGWE.DE has not paid dividends to shareholders, while VHYL.AS'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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
With a correlation of 0.94, VGWE.DE and VHYL.AS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VGWE.DE and VHYL.AS have the same expense ratio: 0.29% per year.
VGWE.DE is categorized as Dividend, while VHYL.AS is Global Equities. Both ETFs track FTSE All-World High Dividend Yield Index.
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