VHYD.L vs. DEMD.L
VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and DEMD.L (WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist)) are both exchange-traded funds - VHYD.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while DEMD.L is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets High Dividend UCITS Index. Both are passively managed. Over the past 10 years, VHYD.L returned 9.93%/yr vs 8.89%/yr for DEMD.L. A 0.77 correlation means they provide meaningful diversification when combined. VHYD.L charges 0.29%/yr vs 0.46%/yr for DEMD.L.
Performance
VHYD.L vs. DEMD.L - Performance Comparison
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Returns By Period
In the year-to-date period, VHYD.L achieves a 13.13% return, which is significantly lower than DEMD.L's 15.99% return. Over the past 10 years, VHYD.L has outperformed DEMD.L with an annualized return of 9.93%, while DEMD.L has yielded a comparatively lower 8.89% annualized return.
VHYD.L
- 1D
- -0.09%
- 1M
- 0.49%
- 6M
- 10.34%
- YTD
- 13.13%
- 1Y
- 26.60%
- 3Y*
- 18.09%
- 5Y*
- 11.49%
- 10Y*
- 9.93%
DEMD.L
- 1D
- -0.71%
- 1M
- -4.33%
- 6M
- 13.70%
- YTD
- 15.99%
- 1Y
- 21.23%
- 3Y*
- 16.53%
- 5Y*
- 10.01%
- 10Y*
- 8.89%
VHYD.L vs. DEMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 13.13% | 27.03% | 9.32% | 11.43% | -5.45% | 17.84% | -0.31% | 20.75% | -11.71% | 19.33% |
DEMD.L WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) | 15.99% | 20.91% | 5.26% | 21.17% | -12.75% | 13.36% | -6.14% | 18.40% | -7.50% | 25.04% |
Correlation
The correlation between VHYD.L and DEMD.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014 | 0.77 |
The correlation between VHYD.L and DEMD.L has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
VHYD.L vs. DEMD.L — Risk / Return Rank
VHYD.L
DEMD.L
VHYD.L vs. DEMD.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 Distributing (VHYD.L) and WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) (DEMD.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.
| VHYD.L | DEMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.26 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 2.75 | +0.67 |
| Martin ratioReturn relative to average drawdown | 12.27 | 8.20 | +4.07 |
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Drawdowns
VHYD.L vs. DEMD.L - Drawdown Comparison
The maximum VHYD.L drawdown since its inception was -36.60%, smaller than the maximum DEMD.L drawdown of -40.46%. Use the drawdown chart below to compare losses from any high point for VHYD.L and DEMD.L.
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Drawdown Indicators
| VHYD.L | DEMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.60% | -40.46% | +3.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -7.63% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -12.48% | -14.59% | +2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.89% | -27.69% | +6.80% |
Max Drawdown (10Y)Largest decline over 10 years | -36.60% | -37.40% | +0.80% |
Current DrawdownCurrent decline from peak | -0.09% | -4.33% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -10.04% | +4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.56% | -0.40% |
Volatility
VHYD.L vs. DEMD.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) is 2.83%, while WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) (DEMD.L) has a volatility of 4.52%. This indicates that VHYD.L experiences smaller price fluctuations and is considered to be less risky than DEMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHYD.L | DEMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 4.52% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 12.03% | -3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.81% | 14.23% | -3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 15.05% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 16.67% | -1.49% |
VHYD.L vs. DEMD.L - Expense Ratio Comparison
VHYD.L has a 0.29% expense ratio, which is lower than DEMD.L's 0.46% expense ratio.
Dividends
VHYD.L vs. DEMD.L - Dividend Comparison
VHYD.L's dividend yield for the trailing twelve months is around 2.51%, less than DEMD.L's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEMD.L WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) | 3.70% | 4.42% | 7.88% | 6.68% | 7.48% | 4.20% | 4.51% | 4.13% | 4.39% | 1.98% | 1.68% | 4.75% |
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.51% | 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
VHYD.L and DEMD.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VHYD.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHYD.L is cheaper with a 0.29% expense ratio, compared with 0.46% for DEMD.L.
VHYD.L is categorized as Dividend, while DEMD.L is Emerging Markets Equities. VHYD.L tracks FTSE All-World High Dividend Yield Index, while DEMD.L tracks WisdomTree Emerging Markets High Dividend UCITS Index. They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.29% for VHYD.L and 0.46% for DEMD.L.
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