VHYG.L vs. VHVG.L

Last updated Jun 5, 2026

VHYG.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF) and VHVG.L (Vanguard FTSE Developed World UCITS ETF Acc) are both Global Equities funds from Vanguard - VHYG.L tracks the MSCI World High Dividend Yield NR USD while VHVG.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, VHYG.L returned 11.68%/yr vs 13.30%/yr for VHVG.L. Their correlation of 0.82 suggests significant overlap in exposure. VHYG.L charges 0.29%/yr vs 0.12%/yr for VHVG.L.

Performance

VHYG.L vs. VHVG.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 (VHYG.L) and Vanguard FTSE Developed World UCITS ETF Acc (VHVG.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 VHYG.L having a 11.62% return and VHVG.L slightly higher at 11.81%.

VHYG.L

• 1D: 0.37%
• 1M: 2.49%
• YTD: 11.62%
• 6M: 12.92%
• 1Y: 28.77%
• 3Y*: 15.99%
• 5Y*: 11.68%
• 10Y*: —

VHVG.L

• 1D: -0.07%
• 1M: 4.03%
• YTD: 11.81%
• 6M: 11.88%
• 1Y: 29.75%
• 3Y*: 18.37%
• 5Y*: 13.30%
• 10Y*: —

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

VHYG.L vs. VHVG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VHYG.L Vanguard FTSE All-World High Dividend Yield UCITS ETF	11.62%	18.36%	10.99%	5.01%	6.20%	19.28%	-3.61%	1.50%
VHVG.L Vanguard FTSE Developed World UCITS ETF Acc	11.81%	13.85%	19.99%	17.54%	-8.66%	23.31%	12.56%	1.61%

Correlation

The correlation between VHYG.L and VHVG.L is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.82

The correlation between VHYG.L and VHVG.L shifts across timeframes, from 0.64 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

VHYG.L vs. VHVG.L - Sectors Allocation Comparison

Sectors	VHYG.L	VHVG.L
Financial Services	28.6%	15.6%
Industrials	12.3%	11.5%
Healthcare	11.2%	8.5%
Energy	9.4%	4.1%
Consumer Defensive	8.7%	5.1%
Technology	7.7%	29.0%
Consumer Cyclical	7.0%	9.3%
Utilities	5.7%	2.6%
Basic Materials	5.1%	3.4%
Communication Services	3.5%	9.0%
Real Estate	0.9%	2.0%

Return for Risk

VHYG.L vs. VHVG.L — Risk / Return Rank

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

VHYG.L

VHYG.L Risk / Return Rank: 86
VHYG.L Sharpe Ratio Rank: 90
VHYG.L Sortino Ratio Rank: 90
VHYG.L Omega Ratio Rank: 90
VHYG.L Calmar Ratio Rank: 80
VHYG.L Martin Ratio Rank: 78

VHVG.L

VHVG.L Risk / Return Rank: 86
VHVG.L Sharpe Ratio Rank: 88
VHVG.L Sortino Ratio Rank: 88
VHVG.L Omega Ratio Rank: 88
VHVG.L Calmar Ratio Rank: 82
VHVG.L Martin Ratio Rank: 85

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.

VHYG.L vs. VHVG.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 (VHYG.L) and Vanguard FTSE Developed World UCITS ETF Acc (VHVG.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.

	VHYG.L	VHVG.L	Difference
Sharpe ratio: Return per unit of total volatility	3.10	2.90	+0.20
Sortino ratio: Return per unit of downside risk	4.11	3.99	+0.12
Omega ratio: Gain probability vs. loss probability	1.58	1.55	+0.03
Calmar ratio: Return relative to maximum drawdown	4.10	4.29	-0.19
Martin ratio: Return relative to average drawdown	14.82	17.65	-2.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VHYG.L vs. VHVG.L - Sharpe Ratio Comparison

The current VHYG.L Sharpe Ratio is 3.10, which is comparable to the VHVG.L Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of VHYG.L and VHVG.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.

Sharpe Ratios by Period

	VHYG.L	VHVG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	2.90	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	1.03	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.89	-0.47

Drawdowns

VHYG.L vs. VHVG.L - Drawdown Comparison

The maximum VHYG.L drawdown since its inception was -39.80%, which is greater than VHVG.L's maximum drawdown of -25.41%. Use the drawdown chart below to compare losses from any high point for VHYG.L and VHVG.L.

Drawdown Indicators

	VHYG.L	VHVG.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.80%	-25.41%	-14.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-6.94%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-12.76%	-17.96%	+5.20%
Max Drawdown (5Y) Largest decline over 5 years	-12.76%	-17.96%	+5.20%
Current Drawdown Current decline from peak	0.00%	-0.36%	+0.36%
Average Drawdown Average peak-to-trough decline	-8.23%	-3.28%	-4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.69%	+0.23%

Volatility

VHYG.L vs. VHVG.L - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.L) is 2.27%, while Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L) has a volatility of 2.72%. This indicates that VHYG.L experiences smaller price fluctuations and is considered to be less risky than VHVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHYG.L	VHVG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.27%	2.72%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	7.12%	7.53%	-0.41%
Volatility (1Y) Calculated over the trailing 1-year period	9.16%	10.27%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	12.97%	-1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.91%	15.06%	+0.85%

VHYG.L vs. VHVG.L - Expense Ratio Comparison

VHYG.L has a 0.29% expense ratio, which is higher than VHVG.L's 0.12% expense ratio.

Dividends

VHYG.L vs. VHVG.L - Dividend Comparison

Neither VHYG.L nor VHVG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VHYG.L and VHVG.L in my portfolio?

VHYG.L and VHVG.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VHYG.L or VHVG.L?

On fees, VHVG.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VHYG.L or VHVG.L?

VHVG.L is cheaper with a 0.12% expense ratio, compared with 0.29% for VHYG.L.

What is the main difference between VHYG.L and VHVG.L?

VHYG.L tracks MSCI World High Dividend Yield NR USD, while VHVG.L tracks MSCI ACWI NR USD. Their fees differ too: 0.29% for VHYG.L and 0.12% for VHVG.L.