VHYG.L vs. VUAG.L

Last updated Jun 5, 2026

VHYG.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF) and VUAG.L (Vanguard S&P 500 UCITS ETF (USD) Accumulating) are both exchange-traded funds - VHYG.L is a Global Equities fund tracking the MSCI World High Dividend Yield NR USD, while VUAG.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, VHYG.L returned 11.68%/yr vs 14.93%/yr for VUAG.L. A 0.74 correlation means they provide meaningful diversification when combined. VHYG.L charges 0.29%/yr vs 0.07%/yr for VUAG.L.

Performance

VHYG.L vs. VUAG.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 S&P 500 UCITS ETF (USD) Accumulating (VUAG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VHYG.L achieves a 11.62% return, which is significantly higher than VUAG.L's 10.56% return.

VHYG.L

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

VUAG.L

• 1D: 0.06%
• 1M: 4.52%
• YTD: 10.56%
• 6M: 9.91%
• 1Y: 29.04%
• 3Y*: 19.03%
• 5Y*: 14.93%
• 10Y*: —

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

VHYG.L vs. VUAG.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%	-18.20%
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	10.56%	9.36%	27.33%	19.67%	-8.88%	30.97%	201.05%	2.08%

Correlation

The correlation between VHYG.L and VUAG.L is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019	0.74

The correlation between VHYG.L and VUAG.L shifts across timeframes, from 0.55 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

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

Sectors	VHYG.L	VUAG.L
Financial Services	28.6%	11.6%
Industrials	12.3%	8.3%
Healthcare	11.2%	8.5%
Energy	9.4%	3.5%
Consumer Defensive	8.7%	4.9%
Technology	7.7%	35.7%
Consumer Cyclical	7.0%	10.2%
Utilities	5.7%	2.4%
Basic Materials	5.1%	1.8%
Communication Services	3.5%	11.3%
Real Estate	0.9%	1.9%

Return for Risk

VHYG.L vs. VUAG.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

VUAG.L

VUAG.L Risk / Return Rank: 82
VUAG.L Sharpe Ratio Rank: 84
VUAG.L Sortino Ratio Rank: 83
VUAG.L Omega Ratio Rank: 85
VUAG.L Calmar Ratio Rank: 80
VUAG.L Martin Ratio Rank: 78

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. VUAG.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 S&P 500 UCITS ETF (USD) Accumulating (VUAG.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	VUAG.L	Difference
Sharpe ratio: Return per unit of total volatility	3.10	2.73	+0.37
Sortino ratio: Return per unit of downside risk	4.11	3.66	+0.45
Omega ratio: Gain probability vs. loss probability	1.58	1.51	+0.07
Calmar ratio: Return relative to maximum drawdown	4.10	4.08	+0.02
Martin ratio: Return relative to average drawdown	14.82	14.96	-0.14
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. VUAG.L - Sharpe Ratio Comparison

The current VHYG.L Sharpe Ratio is 3.10, which is comparable to the VUAG.L Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of VHYG.L and VUAG.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	VUAG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	2.73	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	1.04	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.90	-0.48

Drawdowns

VHYG.L vs. VUAG.L - Drawdown Comparison

The maximum VHYG.L drawdown since its inception was -39.80%, which is greater than VUAG.L's maximum drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for VHYG.L and VUAG.L.

Drawdown Indicators

	VHYG.L	VUAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.80%	-25.61%	-14.19%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-7.11%	+0.18%
Max Drawdown (3Y) Largest decline over 3 years	-12.76%	-20.88%	+8.12%
Max Drawdown (5Y) Largest decline over 5 years	-12.76%	-20.88%	+8.12%
Current Drawdown Current decline from peak	0.00%	-0.22%	+0.22%
Average Drawdown Average peak-to-trough decline	-8.23%	-3.51%	-4.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.94%	-0.02%

Volatility

VHYG.L vs. VUAG.L - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.L) is 2.27%, while Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L) has a volatility of 2.62%. This indicates that VHYG.L experiences smaller price fluctuations and is considered to be less risky than VUAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHYG.L	VUAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.27%	2.62%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	7.12%	7.17%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	9.16%	10.62%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	14.32%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.91%	36.09%	-20.18%

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

VHYG.L has a 0.29% expense ratio, which is higher than VUAG.L's 0.07% expense ratio.

Dividends

VHYG.L vs. VUAG.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020
VHYG.L Vanguard FTSE All-World High Dividend Yield UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	71.39%

Frequently Asked Questions

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

VHYG.L and VUAG.L have a correlation of 0.55, 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 VUAG.L?

On fees, VUAG.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VUAG.L is cheaper with a 0.07% expense ratio, compared with 0.29% for VHYG.L.

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

VHYG.L is categorized as Global Equities, while VUAG.L is S&P 500. VHYG.L tracks MSCI World High Dividend Yield NR USD, while VUAG.L tracks S&P 500 Index. Their fees differ too: 0.29% for VHYG.L and 0.07% for VUAG.L.