VHYD.L vs. QYLD

Last updated Jun 10, 2026

VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - VHYD.L is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 10 years, VHYD.L returned 9.89%/yr vs 9.69%/yr for QYLD. At a 0.37 correlation, their price movements are largely independent. VHYD.L charges 0.29%/yr vs 0.60%/yr for QYLD.

Performance

VHYD.L vs. QYLD - 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 Distributing (VHYD.L) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VHYD.L achieves a 9.52% return, which is significantly higher than QYLD's 6.22% return. Both investments have delivered pretty close results over the past 10 years, with VHYD.L having a 9.89% annualized return and QYLD not far behind at 9.69%.

VHYD.L

• 1D: -0.43%
• 1M: 0.39%
• YTD: 9.52%
• 6M: 12.15%
• 1Y: 24.58%
• 3Y*: 17.96%
• 5Y*: 10.19%
• 10Y*: 9.89%

QYLD

• 1D: -0.78%
• 1M: -0.55%
• YTD: 6.22%
• 6M: 8.09%
• 1Y: 21.28%
• 3Y*: 13.13%
• 5Y*: 8.03%
• 10Y*: 9.69%

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

VHYD.L vs. QYLD - 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	9.52%	27.03%	9.32%	11.43%	-5.45%	17.84%	-0.31%	20.75%	-11.71%	19.33%
QYLD Global X NASDAQ 100 Covered Call ETF	6.22%	9.28%	19.35%	22.77%	-19.08%	10.41%	8.72%	22.69%	-3.07%	18.79%

Correlation

The correlation between VHYD.L and QYLD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013	0.37

VHYD.L vs. QYLD - Sectors Allocation Comparison

Sectors	VHYD.L	QYLD
Financial Services	28.6%	0.2%
Industrials	12.3%	2.8%
Healthcare	11.2%	4.2%
Energy	9.4%	0.6%
Consumer Defensive	8.7%	7.7%
Technology	7.7%	53.8%
Consumer Cyclical	7.0%	12.3%
Utilities	5.7%	1.4%
Basic Materials	5.1%	1.1%
Communication Services	3.5%	15.8%
Real Estate	0.9%	0.1%

Return for Risk

VHYD.L vs. QYLD — Risk / Return Rank

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

VHYD.L

VHYD.L Risk / Return Rank: 77
VHYD.L Sharpe Ratio Rank: 81
VHYD.L Sortino Ratio Rank: 84
VHYD.L Omega Ratio Rank: 80
VHYD.L Calmar Ratio Rank: 71
VHYD.L Martin Ratio Rank: 70

QYLD

QYLD Risk / Return Rank: 88
QYLD Sharpe Ratio Rank: 84
QYLD Sortino Ratio Rank: 84
QYLD Omega Ratio Rank: 91
QYLD Calmar Ratio Rank: 86
QYLD Martin Ratio Rank: 94

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.

VHYD.L vs. QYLD - 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 Global X NASDAQ 100 Covered Call ETF (QYLD). 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.

	VHYD.L	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.41	-0.11
Sortino ratio: Return per unit of downside risk	3.31	3.34	-0.02
Omega ratio: Gain probability vs. loss probability	1.42	1.53	-0.11
Calmar ratio: Return relative to maximum drawdown	3.16	4.30	-1.14
Martin ratio: Return relative to average drawdown	11.40	24.77	-13.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VHYD.L vs. QYLD - Sharpe Ratio Comparison

The current VHYD.L Sharpe Ratio is 2.30, which is comparable to the QYLD Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of VHYD.L and QYLD, 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

	VHYD.L	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.41	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.55	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.63	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.58	-0.04

Drawdowns

VHYD.L vs. QYLD - Drawdown Comparison

The maximum VHYD.L drawdown since its inception was -36.60%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for VHYD.L and QYLD.

Drawdown Indicators

	VHYD.L	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-36.60%	-24.75%	-11.85%
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	-4.97%	-2.77%
Max Drawdown (3Y) Largest decline over 3 years	-12.48%	-19.06%	+6.58%
Max Drawdown (5Y) Largest decline over 5 years	-20.89%	-24.61%	+3.72%
Max Drawdown (10Y) Largest decline over 10 years	-36.60%	-24.75%	-11.85%
Current Drawdown Current decline from peak	-1.62%	-1.60%	-0.02%
Average Drawdown Average peak-to-trough decline	-5.32%	-3.83%	-1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	0.86%	+1.29%

Volatility

VHYD.L vs. QYLD - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) is 2.67%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 2.96%. This indicates that VHYD.L experiences smaller price fluctuations and is considered to be less risky than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHYD.L	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	2.96%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	8.53%	7.49%	+1.04%
Volatility (1Y) Calculated over the trailing 1-year period	10.62%	8.86%	+1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.65%	14.73%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	15.51%	-0.12%

VHYD.L vs. QYLD - Expense Ratio Comparison

VHYD.L has a 0.29% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

VHYD.L vs. QYLD - Dividend Comparison

VHYD.L's dividend yield for the trailing twelve months is around 2.52%, less than QYLD's 11.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QYLD Global X NASDAQ 100 Covered Call ETF	11.64%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	2.52%	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

Can I hold both VHYD.L and QYLD in my portfolio?

VHYD.L and QYLD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VHYD.L or QYLD?

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.

Which ETF is cheaper, VHYD.L or QYLD?

VHYD.L is cheaper with a 0.29% expense ratio, compared with 0.60% for QYLD.

What is the main difference between VHYD.L and QYLD?

VHYD.L is categorized as Global Equities, while QYLD is Nasdaq-100. VHYD.L tracks FTSE All-World High Dividend Yield Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: Vanguard and Global X. Their fees differ too: 0.29% for VHYD.L and 0.60% for QYLD.