VHYL.AS vs. FUSI

Last updated Jun 5, 2026

VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) and FUSI (American Century Multisector Floating Income ETF) are both exchange-traded funds - VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index, while FUSI is a Ultrashort Bond fund actively managed by American Century. VHYL.AS is passively managed, while FUSI is actively managed. Over the past 3 years, VHYL.AS returned 15.90%/yr vs 3.17%/yr for FUSI. At a 0.15 correlation, their price movements are largely independent. VHYL.AS charges 0.29%/yr vs 0.28%/yr for FUSI.

Performance

VHYL.AS vs. FUSI - 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 (VHYL.AS) and American Century Multisector Floating Income ETF (FUSI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VHYL.AS is traded in EUR, while FUSI is traded in USD. To make them comparable, the FUSI values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VHYL.AS achieves a 12.61% return, which is significantly higher than FUSI's 3.69% return.

VHYL.AS

• 1D: 0.20%
• 1M: 3.45%
• YTD: 12.61%
• 6M: 14.16%
• 1Y: 25.03%
• 3Y*: 15.90%
• 5Y*: 11.50%
• 10Y*: 9.66%

FUSI

• 1D: -0.02%
• 1M: 1.52%
• YTD: 3.69%
• 6M: 3.20%
• 1Y: 3.77%
• 3Y*: 3.17%
• 5Y*: —
• 10Y*: —

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

VHYL.AS vs. FUSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	12.61%	12.40%	16.77%	8.81%
FUSI American Century Multisector Floating Income ETF	3.69%	-7.59%	13.20%	1.85%

Correlation

The correlation between VHYL.AS and FUSI is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023	0.15

Return for Risk

VHYL.AS vs. FUSI — Risk / Return Rank

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

VHYL.AS

VHYL.AS Risk / Return Rank: 83
VHYL.AS Sharpe Ratio Rank: 84
VHYL.AS Sortino Ratio Rank: 86
VHYL.AS Omega Ratio Rank: 84
VHYL.AS Calmar Ratio Rank: 81
VHYL.AS Martin Ratio Rank: 81

FUSI

FUSI Risk / Return Rank: 98
FUSI Sharpe Ratio Rank: 98
FUSI Sortino Ratio Rank: 99
FUSI Omega Ratio Rank: 99
FUSI Calmar Ratio Rank: 98
FUSI Martin Ratio Rank: 99

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.

VHYL.AS vs. FUSI - 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 (VHYL.AS) and American Century Multisector Floating Income ETF (FUSI). 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.

	VHYL.AS	FUSI	Difference
Sharpe ratio: Return per unit of total volatility	2.71	0.62	+2.10
Sortino ratio: Return per unit of downside risk	3.81	0.91	+2.90
Omega ratio: Gain probability vs. loss probability	1.51	1.11	+0.39
Calmar ratio: Return relative to maximum drawdown	4.17	0.99	+3.18
Martin ratio: Return relative to average drawdown	15.90	2.45	+13.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VHYL.AS vs. FUSI - Sharpe Ratio Comparison

The current VHYL.AS Sharpe Ratio is 2.71, which is higher than the FUSI Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of VHYL.AS and FUSI, 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

	VHYL.AS	FUSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	0.62	+2.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.45	+0.20

Drawdowns

VHYL.AS vs. FUSI - Drawdown Comparison

The maximum VHYL.AS drawdown since its inception was -34.08%, which is greater than FUSI's maximum drawdown of -11.39%. Use the drawdown chart below to compare losses from any high point for VHYL.AS and FUSI.

Drawdown Indicators

	VHYL.AS	FUSI	Difference
Max Drawdown Largest peak-to-trough decline	-34.08%	-11.39%	-22.69%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-3.83%	-2.10%
Max Drawdown (3Y) Largest decline over 3 years	-16.76%	-11.39%	-5.37%
Max Drawdown (5Y) Largest decline over 5 years	-16.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.08%	—	—
Current Drawdown Current decline from peak	-0.24%	-5.36%	+5.12%
Average Drawdown Average peak-to-trough decline	-4.34%	-3.94%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	1.54%	+0.02%

Volatility

VHYL.AS vs. FUSI - Volatility Comparison

Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) has a higher volatility of 2.22% compared to American Century Multisector Floating Income ETF (FUSI) at 1.13%. This indicates that VHYL.AS's price experiences larger fluctuations and is considered to be riskier than FUSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHYL.AS	FUSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.22%	1.13%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	6.95%	4.12%	+2.83%
Volatility (1Y) Calculated over the trailing 1-year period	9.10%	6.14%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.57%	6.96%	+4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.59%	6.96%	+6.63%

VHYL.AS vs. FUSI - Expense Ratio Comparison

VHYL.AS has a 0.29% expense ratio, which is higher than FUSI's 0.28% expense ratio.

Dividends

VHYL.AS vs. FUSI - Dividend Comparison

VHYL.AS's dividend yield for the trailing twelve months is around 2.49%, less than FUSI's 5.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUSI American Century Multisector Floating Income ETF	5.25%	5.28%	5.98%	4.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	2.49%	2.85%	3.03%	3.40%	3.78%	3.03%	3.08%	3.24%	3.68%	3.13%	3.02%	3.25%

Frequently Asked Questions

Can I hold both VHYL.AS and FUSI in my portfolio?

VHYL.AS and FUSI have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VHYL.AS or FUSI?

On fees, FUSI is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VHYL.AS or FUSI?

FUSI is cheaper with a 0.28% expense ratio, compared with 0.29% for VHYL.AS.

What is the main difference between VHYL.AS and FUSI?

VHYL.AS is categorized as Global Equities, while FUSI is Ultrashort Bond. They also come from different issuers: Vanguard and American Century. Their fees differ too: 0.29% for VHYL.AS and 0.28% for FUSI.