VHYA.L vs. IWVL.L

Last updated Jun 26, 2026

VHYA.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both exchange-traded funds - VHYA.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index. Both are passively managed. Over the past 5 years, VHYA.L returned 10.96%/yr vs 16.71%/yr for IWVL.L. Their correlation of 0.90 suggests significant overlap in exposure. VHYA.L charges 0.29%/yr vs 0.25%/yr for IWVL.L.

Performance

VHYA.L vs. IWVL.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 Accumulation (VHYA.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VHYA.L achieves a 11.80% return, which is significantly lower than IWVL.L's 33.85% return.

VHYA.L

• 1D: 0.70%
• 1M: 0.52%
• YTD: 11.80%
• 6M: 11.91%
• 1Y: 27.10%
• 3Y*: 19.00%
• 5Y*: 10.96%
• 10Y*: —

IWVL.L

• 1D: 2.18%
• 1M: 1.68%
• YTD: 33.85%
• 6M: 34.39%
• 1Y: 64.20%
• 3Y*: 29.49%
• 5Y*: 16.71%
• 10Y*: 13.88%

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

VHYA.L vs. IWVL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VHYA.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation	11.80%	27.01%	9.27%	11.29%	-5.35%	17.77%	-0.22%	7.95%
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)	33.85%	40.42%	5.13%	19.53%	-9.79%	20.11%	-3.67%	7.54%

Correlation

The correlation between VHYA.L and IWVL.L is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019	0.90

The correlation between VHYA.L and IWVL.L shifts across timeframes, from 0.73 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

VHYA.L vs. IWVL.L - Sectors Allocation Comparison

Sectors	VHYA.L	IWVL.L
Financial Services	28.2%	14.3%
Industrials	12.2%	11.4%
Healthcare	11.1%	8.1%
Technology	9.5%	33.2%
Energy	8.7%	3.8%
Consumer Defensive	8.5%	4.8%
Consumer Cyclical	7.2%	9.2%
Utilities	5.3%	2.4%
Basic Materials	5.2%	2.9%
Communication Services	3.4%	8.3%
Real Estate	0.8%	1.7%

Return for Risk

VHYA.L vs. IWVL.L — Risk / Return Rank

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

VHYA.L

VHYA.L Risk / Return Rank: 80
VHYA.L Sharpe Ratio Rank: 83
VHYA.L Sortino Ratio Rank: 85
VHYA.L Omega Ratio Rank: 80
VHYA.L Calmar Ratio Rank: 76
VHYA.L Martin Ratio Rank: 75

IWVL.L

IWVL.L Risk / Return Rank: 96
IWVL.L Sharpe Ratio Rank: 97
IWVL.L Sortino Ratio Rank: 97
IWVL.L Omega Ratio Rank: 96
IWVL.L Calmar Ratio Rank: 95
IWVL.L Martin Ratio Rank: 95

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.

VHYA.L vs. IWVL.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 Accumulation (VHYA.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.

	VHYA.L	IWVL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.34	3.87	-1.54
Sortino ratio: Return per unit of downside risk	3.35	5.30	-1.95
Omega ratio: Gain probability vs. loss probability	1.42	1.69	-0.28
Calmar ratio: Return relative to maximum drawdown	3.44	7.31	-3.87
Martin ratio: Return relative to average drawdown	12.34	26.53	-14.19

VHYA.L vs. IWVL.L - Sharpe Ratio Comparison

The current VHYA.L Sharpe Ratio is 2.34, which is lower than the IWVL.L Sharpe Ratio of 3.87. The chart below compares the historical Sharpe Ratios of VHYA.L and IWVL.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.

Drawdowns

VHYA.L vs. IWVL.L - Drawdown Comparison

The maximum VHYA.L drawdown since its inception was -36.62%, smaller than the maximum IWVL.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for VHYA.L and IWVL.L.

Drawdown Indicators

	VHYA.L	IWVL.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.62%	-39.30%	+2.68%
Max Drawdown (1Y) Largest decline over 1 year	-7.84%	-8.74%	+0.90%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-14.46%	+1.81%
Max Drawdown (5Y) Largest decline over 5 years	-21.08%	-26.55%	+5.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.30%	—
Current Drawdown Current decline from peak	-1.33%	-1.23%	-0.10%
Average Drawdown Average peak-to-trough decline	-5.05%	-7.46%	+2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.41%	-0.22%

Volatility

VHYA.L vs. IWVL.L - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation (VHYA.L) is 3.25%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.38%. This indicates that VHYA.L experiences smaller price fluctuations and is considered to be less risky than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHYA.L	IWVL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	6.38%	-3.13%
Volatility (6M) Calculated over the trailing 6-month period	8.60%	14.15%	-5.55%
Volatility (1Y) Calculated over the trailing 1-year period	11.60%	16.51%	-4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	16.20%	-2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	16.95%	-0.47%

VHYA.L vs. IWVL.L - Expense Ratio Comparison

VHYA.L has a 0.29% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.

Dividends

VHYA.L vs. IWVL.L - Dividend Comparison

Neither VHYA.L nor IWVL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VHYA.L and IWVL.L in my portfolio?

VHYA.L and IWVL.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VHYA.L or IWVL.L?

On fees, IWVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VHYA.L or IWVL.L?

IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.29% for VHYA.L.

What is the main difference between VHYA.L and IWVL.L?

VHYA.L is categorized as Dividend, while IWVL.L is Global Equities. VHYA.L tracks FTSE All-World High Dividend Yield Index, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.29% for VHYA.L and 0.25% for IWVL.L.