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VHYG.L vs. VHYD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VHYG.L vs. VHYD.L

Last updated Jun 26, 2026

VHYG.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating) and VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both Dividend funds from Vanguard tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, VHYG.L returned 12.09%/yr vs 12.03%/yr for VHYD.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.29% expense ratio.

Performance

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

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Different Trading Currencies

VHYG.L is traded in GBP, while VHYD.L is traded in USD. To make them comparable, the VHYD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with VHYG.L having a 13.80% return and VHYD.L slightly higher at 13.96%.

VHYG.L

1D
0.28%
1M
2.42%
YTD
13.80%
6M
14.70%
1Y
30.90%
3Y*
17.47%
5Y*
12.09%
10Y*
—

VHYD.L

1D
0.56%
1M
2.58%
YTD
13.96%
6M
14.48%
1Y
31.50%
3Y*
17.49%
5Y*
12.03%
10Y*
10.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
VHYG.L
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating		13.80%18.36%10.98%5.02%6.20%19.28%-3.61%-18.20%
VHYD.L
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing		13.96%17.98%11.23%5.86%5.79%18.96%-3.24%0.92%

Correlation

The correlation between VHYG.L and VHYD.L is 0.77, 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

0.77

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Sep 24, 2019

0.85

The correlation between VHYG.L and VHYD.L has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.

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

Sectors
VHYG.L
VHYD.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%

Financial Services

VHYG.L
28.2%
VHYD.L
28.2%

Industrials

VHYG.L
12.2%
VHYD.L
12.2%

Healthcare

VHYG.L
11.1%
VHYD.L
11.1%

Technology

VHYG.L
9.5%
VHYD.L
9.5%

Energy

VHYG.L
8.7%
VHYD.L
8.7%

Consumer Defensive

VHYG.L
8.5%
VHYD.L
8.5%

Consumer Cyclical

VHYG.L
7.2%
VHYD.L
7.2%

Utilities

VHYG.L
5.3%
VHYD.L
5.3%

Basic Materials

VHYG.L
5.2%
VHYD.L
5.2%

Communication Services

VHYG.L
3.4%
VHYD.L
3.4%

Real Estate

VHYG.L
0.8%
VHYD.L
0.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating

Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing

Often compared with VHYG.L:
VHYG.L vs. VHYL.ASVHYG.L vs. VWRL.LVHYG.L vs. SPYDVHYG.L vs. UKDV.LVHYG.L vs. VUSA.ASVHYG.L vs. VOOVHYG.L vs. GGRP.L
Often compared with VHYD.L:
VHYD.L vs. SCHDVHYD.L vs. VDIV.DEVHYD.L vs. FUSD.LVHYD.L vs. JEPQVHYD.L vs. WQDV.LVHYD.L vs. JEGP.LVHYD.L vs. JEPI

Return for Risk

VHYG.L vs. VHYD.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: 9292
Overall Rank
VHYG.L Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
VHYG.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
VHYG.L Omega Ratio Rank: 9595
Omega Ratio Rank
VHYG.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
VHYG.L Martin Ratio Rank: 8787
Martin Ratio Rank
VHYD.L
VHYD.L Risk / Return Rank: 8383
Overall Rank
VHYD.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VHYD.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
VHYD.L Omega Ratio Rank: 8787
Omega Ratio Rank
VHYD.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
VHYD.L Martin Ratio Rank: 7676
Martin Ratio Rank
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. VHYD.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 Accumulating (VHYG.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.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.

VHYG.LVHYD.LDifference
Sharpe ratioReturn per unit of total volatility
3.33
3.08

+0.25

Sortino ratioReturn per unit of downside risk
4.46
4.15

+0.31

Omega ratioGain probability vs. loss probability

1.62

1.59

+0.03

Calmar ratioReturn relative to maximum drawdown

4.44

4.54

-0.10

Martin ratioReturn relative to average drawdown

15.96

16.76

-0.80

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

The current VHYG.L Sharpe Ratio is 3.33, which is comparable to the VHYD.L Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of VHYG.L and VHYD.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.

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Drawdowns

VHYG.L vs. VHYD.L - Drawdown Comparison

The maximum VHYG.L drawdown since its inception was -39.80%, which is greater than VHYD.L's maximum drawdown of -29.43%. Use the drawdown chart below to compare losses from any high point for VHYG.L and VHYD.L.

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Drawdown Indicators

VHYG.LVHYD.LDifference

Max Drawdown

Largest peak-to-trough decline

-39.80%

-29.43%

-10.37%

Max Drawdown (1Y)

Largest decline over 1 year

-6.93%

-6.91%

-0.02%

Max Drawdown (3Y)

Largest decline over 3 years

-19.90%

-12.99%

-6.91%

Max Drawdown (5Y)

Largest decline over 5 years

-19.90%

-12.99%

-6.91%

Max Drawdown (10Y)

Largest decline over 10 years

—

-29.43%

—

Current Drawdown

Current decline from peak

-0.03%

-0.69%

+0.66%

Average Drawdown

Average peak-to-trough decline

-9.78%

-3.69%

-6.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

1.87%

+0.06%

Volatility

VHYG.L vs. VHYD.L - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating (VHYG.L) is 2.18%, while Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) has a volatility of 3.22%. This indicates that VHYG.L experiences smaller price fluctuations and is considered to be less risky than VHYD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VHYG.LVHYD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.18%

3.22%

-1.04%

Volatility (6M)

Calculated over the trailing 6-month period

6.99%

8.40%

-1.41%

Volatility (1Y)

Calculated over the trailing 1-year period

9.24%

10.22%

-0.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.57%

12.27%

+5.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.70%

14.72%

+4.98%

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

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

Dividends

VHYG.L vs. VHYD.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
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%
VHYG.L
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

VHYG.L and VHYD.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

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

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