VHYG.L vs. VVGM.DE
VHYG.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF) and VVGM.DE (VanEck Morningstar Global Wide Moat UCITS ETF) are both Global Equities funds - VHYG.L tracks the MSCI World High Dividend Yield NR USD while VVGM.DE tracks the Morningstar Global Wide Moat Focus. Both are passively managed. Over the past 5 years, VHYG.L returned 11.55%/yr vs 7.56%/yr for VVGM.DE. A 0.72 correlation means they provide meaningful diversification when combined. VHYG.L charges 0.29%/yr vs 0.52%/yr for VVGM.DE.
Performance
VHYG.L vs. VVGM.DE - Performance Comparison
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Different Trading Currencies
VHYG.L is traded in GBP, while VVGM.DE is traded in EUR. To make them comparable, the VVGM.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VHYG.L achieves a 11.13% return, which is significantly higher than VVGM.DE's -0.27% return.
VHYG.L
- 1D
- 0.51%
- 1M
- 2.60%
- YTD
- 11.13%
- 6M
- 12.36%
- 1Y
- 26.50%
- 3Y*
- 15.70%
- 5Y*
- 11.55%
- 10Y*
- —
VVGM.DE
- 1D
- 0.71%
- 1M
- 1.86%
- YTD
- -0.27%
- 6M
- -0.34%
- 1Y
- 9.00%
- 3Y*
- 10.39%
- 5Y*
- 7.56%
- 10Y*
- —
VHYG.L vs. VVGM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VHYG.L Vanguard FTSE All-World High Dividend Yield UCITS ETF | 11.13% | 18.36% | 10.98% | 5.02% | 6.20% | 19.28% | 10.40% |
VVGM.DE VanEck Morningstar Global Wide Moat UCITS ETF | -0.27% | 17.48% | 11.07% | 4.95% | -1.02% | 16.01% | 8.61% |
Correlation
The correlation between VHYG.L and VVGM.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2020 | 0.72 |
The correlation between VHYG.L and VVGM.DE shifts across timeframes, from 0.54 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VHYG.L vs. VVGM.DE — Risk / Return Rank
VHYG.L
VVGM.DE
VHYG.L vs. VVGM.DE - 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 VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE). 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.L | VVGM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.15 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 0.95 | +2.86 |
| Martin ratioReturn relative to average drawdown | 13.66 | 3.01 | +10.65 |
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Drawdowns
VHYG.L vs. VVGM.DE - Drawdown Comparison
The maximum VHYG.L drawdown since its inception was -39.80%, which is greater than VVGM.DE's maximum drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for VHYG.L and VVGM.DE.
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Drawdown Indicators
| VHYG.L | VVGM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.80% | -14.96% | -24.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -10.86% | +3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -19.90% | -14.96% | -4.94% |
Max Drawdown (5Y)Largest decline over 5 years | -19.90% | -14.96% | -4.94% |
Current DrawdownCurrent decline from peak | -0.43% | -5.17% | +4.74% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -3.22% | -6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 3.42% | -1.49% |
Volatility
VHYG.L vs. VVGM.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.L) is 2.00%, while VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) has a volatility of 3.90%. This indicates that VHYG.L experiences smaller price fluctuations and is considered to be less risky than VVGM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHYG.L | VVGM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 3.90% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 7.03% | 10.13% | -3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.17% | 12.19% | -3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.57% | 13.22% | +4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.75% | 13.46% | +6.29% |
VHYG.L vs. VVGM.DE - Expense Ratio Comparison
VHYG.L has a 0.29% expense ratio, which is lower than VVGM.DE's 0.52% expense ratio.
Dividends
VHYG.L vs. VVGM.DE - Dividend Comparison
Neither VHYG.L nor VVGM.DE has paid dividends to shareholders.
Frequently Asked Questions
VHYG.L and VVGM.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VHYG.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHYG.L is cheaper with a 0.29% expense ratio, compared with 0.52% for VVGM.DE.
VHYG.L tracks MSCI World High Dividend Yield NR USD, while VVGM.DE tracks Morningstar Global Wide Moat Focus. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.29% for VHYG.L and 0.52% for VVGM.DE.
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