VHYL.AS vs. GLDV.MI
VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) and GLDV.MI (SPDR S&P Global Dividend Aristocrats UCITS) are both exchange-traded funds - VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index, while GLDV.MI is a Global Equity Income fund tracking the S&P Global BMI Index. Both are passively managed. Over the past 10 years, VHYL.AS returned 9.66%/yr vs 6.23%/yr for GLDV.MI. Their correlation of 0.87 suggests significant overlap in exposure. VHYL.AS charges 0.29%/yr vs 0.45%/yr for GLDV.MI.
Performance
VHYL.AS vs. GLDV.MI - Performance Comparison
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Returns By Period
In the year-to-date period, VHYL.AS achieves a 12.61% return, which is significantly higher than GLDV.MI's 7.40% return. Over the past 10 years, VHYL.AS has outperformed GLDV.MI with an annualized return of 9.66%, while GLDV.MI has yielded a comparatively lower 6.23% annualized 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%
GLDV.MI
- 1D
- 0.51%
- 1M
- 0.26%
- YTD
- 7.40%
- 6M
- 8.14%
- 1Y
- 15.47%
- 3Y*
- 11.60%
- 5Y*
- 6.54%
- 10Y*
- 6.23%
VHYL.AS vs. GLDV.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 12.61% | 12.40% | 16.77% | 7.02% | 0.17% | 27.85% | -8.79% | 22.93% | -7.01% | 4.82% |
GLDV.MI SPDR S&P Global Dividend Aristocrats UCITS | 7.40% | 4.55% | 14.31% | 3.25% | -1.62% | 25.05% | -16.89% | 22.98% | -4.10% | 4.11% |
Correlation
The correlation between VHYL.AS and GLDV.MI is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2014 | 0.87 |
The correlation between VHYL.AS and GLDV.MI has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
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Return for Risk
VHYL.AS vs. GLDV.MI — Risk / Return Rank
VHYL.AS
GLDV.MI
VHYL.AS vs. GLDV.MI - 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 SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI). 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 | GLDV.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.29 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 2.81 | +1.36 |
| Martin ratioReturn relative to average drawdown | 15.90 | 9.02 | +6.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VHYL.AS | GLDV.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 1.71 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.53 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.42 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.48 | +0.17 |
Drawdowns
VHYL.AS vs. GLDV.MI - Drawdown Comparison
The maximum VHYL.AS drawdown since its inception was -34.08%, smaller than the maximum GLDV.MI drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for VHYL.AS and GLDV.MI.
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Drawdown Indicators
| VHYL.AS | GLDV.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -41.02% | +6.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -5.51% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -16.76% | -16.81% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -18.38% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -34.08% | -41.02% | +6.94% |
Current DrawdownCurrent decline from peak | -0.24% | -1.29% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -6.84% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.72% | -0.16% |
Volatility
VHYL.AS vs. GLDV.MI - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) is 2.22%, while SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI) has a volatility of 2.37%. This indicates that VHYL.AS experiences smaller price fluctuations and is considered to be less risky than GLDV.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHYL.AS | GLDV.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 2.37% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 6.50% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.10% | 9.03% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.57% | 12.35% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.59% | 14.78% | -1.19% |
VHYL.AS vs. GLDV.MI - Expense Ratio Comparison
VHYL.AS has a 0.29% expense ratio, which is lower than GLDV.MI's 0.45% expense ratio.
Dividends
VHYL.AS vs. GLDV.MI - Dividend Comparison
VHYL.AS's dividend yield for the trailing twelve months is around 2.49%, less than GLDV.MI's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDV.MI SPDR S&P Global Dividend Aristocrats UCITS | 3.89% | 4.25% | 3.73% | 4.25% | 4.51% | 3.57% | 3.97% | 3.46% | 5.10% | 3.36% | 3.62% | 3.80% |
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
VHYL.AS and GLDV.MI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VHYL.AS is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHYL.AS is cheaper with a 0.29% expense ratio, compared with 0.45% for GLDV.MI.
VHYL.AS is categorized as Global Equities, while GLDV.MI is Global Equity Income. VHYL.AS tracks FTSE All-World High Dividend Yield Index, while GLDV.MI tracks S&P Global BMI Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.29% for VHYL.AS and 0.45% for GLDV.MI.
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