VHYD.L vs. TDIV.L
VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders 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 TDIV.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, VHYD.L returned 9.98%/yr vs 13.83%/yr for TDIV.L. Their correlation of 0.82 suggests significant overlap in exposure. VHYD.L charges 0.29%/yr vs 0.38%/yr for TDIV.L.
Performance
VHYD.L vs. TDIV.L - Performance Comparison
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Returns By Period
In the year-to-date period, VHYD.L achieves a 13.12% return, which is significantly higher than TDIV.L's 11.84% return. Over the past 10 years, VHYD.L has underperformed TDIV.L with an annualized return of 9.98%, while TDIV.L has yielded a comparatively higher 13.83% annualized return.
VHYD.L
- 1D
- -0.32%
- 1M
- -0.06%
- 6M
- 9.85%
- YTD
- 13.12%
- 1Y
- 25.95%
- 3Y*
- 17.92%
- 5Y*
- 11.48%
- 10Y*
- 9.98%
TDIV.L
- 1D
- 0.32%
- 1M
- 2.15%
- 6M
- 10.53%
- YTD
- 11.84%
- 1Y
- 29.81%
- 3Y*
- 22.34%
- 5Y*
- 17.81%
- 10Y*
- 13.83%
VHYD.L vs. TDIV.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 | 13.12% | 27.03% | 9.32% | 11.43% | -5.45% | 17.84% | -0.31% | 20.75% | -11.71% | 19.33% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 11.84% | 40.41% | 8.93% | 15.44% | 9.29% | 18.14% | -2.30% | 37.03% | -6.76% | 3.94% |
Correlation
The correlation between VHYD.L and TDIV.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.82 |
The correlation between VHYD.L and TDIV.L has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.
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Return for Risk
VHYD.L vs. TDIV.L — Risk / Return Rank
VHYD.L
TDIV.L
VHYD.L vs. TDIV.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.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 | TDIV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.48 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 5.64 | -2.30 |
| Martin ratioReturn relative to average drawdown | 11.97 | 15.83 | -3.86 |
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Drawdowns
VHYD.L vs. TDIV.L - Drawdown Comparison
The maximum VHYD.L drawdown since its inception was -36.60%, roughly equal to the maximum TDIV.L drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for VHYD.L and TDIV.L.
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Drawdown Indicators
| VHYD.L | TDIV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.60% | -37.94% | +1.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -5.27% | -2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -12.48% | -13.89% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.89% | -18.52% | -2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -36.60% | -37.94% | +1.34% |
Current DrawdownCurrent decline from peak | -0.32% | 0.00% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -3.99% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.88% | +0.28% |
Volatility
VHYD.L vs. TDIV.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) is 2.45%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.L) has a volatility of 2.90%. This indicates that VHYD.L experiences smaller price fluctuations and is considered to be less risky than TDIV.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 | TDIV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 2.90% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 8.56% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 11.22% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.61% | 14.56% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 16.20% | -1.02% |
VHYD.L vs. TDIV.L - Expense Ratio Comparison
VHYD.L has a 0.29% expense ratio, which is lower than TDIV.L's 0.38% expense ratio.
Dividends
VHYD.L vs. TDIV.L - Dividend Comparison
VHYD.L's dividend yield for the trailing twelve months is around 2.51%, less than TDIV.L's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 3.10% | 3.49% | 4.36% | 4.82% | 4.49% | 4.14% | 3.88% | 4.37% | 5.77% | 4.50% | 0.00% | 0.00% |
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 TDIV.L have a correlation of 0.80, 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 0.38% for TDIV.L.
VHYD.L is categorized as Dividend, while TDIV.L is Global Equities. VHYD.L tracks FTSE All-World High Dividend Yield Index, while TDIV.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.29% for VHYD.L and 0.38% for TDIV.L.
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