VHYD.L vs. VHYA.L

Last updated Jun 26, 2026

VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and VHYA.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation) are both Dividend funds from Vanguard tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, VHYD.L returned 10.91%/yr vs 10.96%/yr for VHYA.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.29% expense ratio.

Performance

VHYD.L vs. VHYA.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 Distributing (VHYD.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation (VHYA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VHYD.L having a 11.63% return and VHYA.L slightly higher at 11.80%.

VHYD.L

• 1D: 0.78%
• 1M: 0.68%
• YTD: 11.63%
• 6M: 11.86%
• 1Y: 27.04%
• 3Y*: 18.97%
• 5Y*: 10.91%
• 10Y*: 10.74%

VHYA.L

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

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	11.63%	27.03%	9.32%	11.43%	-5.45%	17.84%	-0.31%	7.64%
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%

Correlation

The correlation between VHYD.L and VHYA.L is 0.89, 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	0.89
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 Sep 24, 2019	0.94

The correlation between VHYD.L and VHYA.L has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

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

Sectors	VHYD.L	VHYA.L
Financial Services	28.2%	28.2%
Industrials	12.2%	12.2%
Healthcare	11.1%	11.1%
Technology	9.5%	9.5%
Energy	8.7%	8.7%
Consumer Defensive	8.5%	8.5%
Consumer Cyclical	7.2%	7.2%
Utilities	5.3%	5.3%
Basic Materials	5.2%	5.2%
Communication Services	3.4%	3.4%
Real Estate	0.8%	0.8%

Return for Risk

VHYD.L vs. VHYA.L — 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: 83
VHYD.L Sharpe Ratio Rank: 88
VHYD.L Sortino Ratio Rank: 89
VHYD.L Omega Ratio Rank: 87
VHYD.L Calmar Ratio Rank: 77
VHYD.L Martin Ratio Rank: 76

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

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. VHYA.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 Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation (VHYA.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	VHYA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.34	+0.16
Sortino ratio: Return per unit of downside risk	3.58	3.35	+0.23
Omega ratio: Gain probability vs. loss probability	1.46	1.42	+0.04
Calmar ratio: Return relative to maximum drawdown	3.48	3.44	+0.03
Martin ratio: Return relative to average drawdown	12.49	12.34	+0.15

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

The current VHYD.L Sharpe Ratio is 2.50, which is comparable to the VHYA.L Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of VHYD.L and VHYA.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

VHYD.L vs. VHYA.L - Drawdown Comparison

The maximum VHYD.L drawdown since its inception was -36.60%, roughly equal to the maximum VHYA.L drawdown of -36.62%. Use the drawdown chart below to compare losses from any high point for VHYD.L and VHYA.L.

Drawdown Indicators

	VHYD.L	VHYA.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.60%	-36.62%	+0.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	-7.84%	+0.10%
Max Drawdown (3Y) Largest decline over 3 years	-12.48%	-12.65%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	-20.89%	-21.08%	+0.19%
Max Drawdown (10Y) Largest decline over 10 years	-36.60%	—	—
Current Drawdown Current decline from peak	-1.37%	-1.33%	-0.04%
Average Drawdown Average peak-to-trough decline	-5.30%	-5.05%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.19%	-0.03%

Volatility

VHYD.L vs. VHYA.L - Volatility Comparison

Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation (VHYA.L) have volatilities of 3.33% and 3.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHYD.L	VHYA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	3.25%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	8.81%	8.60%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	10.80%	11.60%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.65%	13.76%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.27%	16.48%	-1.21%

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

Both VHYD.L and VHYA.L have an expense ratio of 0.29%.

Dividends

VHYD.L vs. VHYA.L - Dividend Comparison

VHYD.L's dividend yield for the trailing twelve months is around 2.55%, while VHYA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VHYA.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	2.55%	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 VHYA.L in my portfolio?

VHYD.L and VHYA.L have a correlation of 0.89, 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 VHYA.L?

Both ETFs have the same 0.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

VHYD.L and VHYA.L have the same expense ratio: 0.29% per year.

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

Both ETFs track FTSE All-World High Dividend Yield Index.