VHYL.AS vs. HDLG.L
VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) and HDLG.L (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) are both exchange-traded funds - VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index, while HDLG.L is a S&P 500 fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 10 years, VHYL.AS returned 9.66%/yr vs 6.26%/yr for HDLG.L. A 0.71 correlation means they provide meaningful diversification when combined. VHYL.AS charges 0.29%/yr vs 0.30%/yr for HDLG.L.
Performance
VHYL.AS vs. HDLG.L - Performance Comparison
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Different Trading Currencies
VHYL.AS is traded in EUR, while HDLG.L is traded in GBp. To make them comparable, the HDLG.L 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 HDLG.L's 5.55% return. Over the past 10 years, VHYL.AS has outperformed HDLG.L with an annualized return of 9.66%, while HDLG.L has yielded a comparatively lower 6.26% 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%
HDLG.L
- 1D
- 0.02%
- 1M
- 0.76%
- YTD
- 5.55%
- 6M
- 5.92%
- 1Y
- 6.78%
- 3Y*
- 7.95%
- 5Y*
- 6.03%
- 10Y*
- 6.26%
VHYL.AS vs. HDLG.L - 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% |
HDLG.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 5.55% | -8.60% | 24.17% | -2.50% | 6.65% | 34.70% | -18.57% | 22.40% | -2.88% | -2.56% |
Correlation
The correlation between VHYL.AS and HDLG.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 13, 2015 | 0.71 |
Over the past year, the correlation between VHYL.AS and HDLG.L has dropped to 0.49 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
VHYL.AS vs. HDLG.L — Risk / Return Rank
VHYL.AS
HDLG.L
VHYL.AS vs. HDLG.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) Distributing (VHYL.AS) and Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLG.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.
| VHYL.AS | HDLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.11 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 1.00 | +3.16 |
| Martin ratioReturn relative to average drawdown | 15.90 | 2.56 | +13.35 |
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 | HDLG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 0.64 | +2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.45 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.39 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.44 | +0.22 |
Drawdowns
VHYL.AS vs. HDLG.L - Drawdown Comparison
The maximum VHYL.AS drawdown since its inception was -34.08%, smaller than the maximum HDLG.L drawdown of -38.97%. Use the drawdown chart below to compare losses from any high point for VHYL.AS and HDLG.L.
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Drawdown Indicators
| VHYL.AS | HDLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -38.97% | +4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -6.72% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.76% | -18.32% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -19.99% | +3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -34.08% | -38.97% | +4.89% |
Current DrawdownCurrent decline from peak | -0.24% | -8.55% | +8.31% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -7.72% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 2.65% | -1.09% |
Volatility
VHYL.AS vs. HDLG.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) is 2.22%, while Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLG.L) has a volatility of 2.99%. This indicates that VHYL.AS experiences smaller price fluctuations and is considered to be less risky than HDLG.L 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 | HDLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 2.99% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 7.96% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.10% | 10.63% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.57% | 13.52% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.59% | 16.19% | -2.60% |
VHYL.AS vs. HDLG.L - Expense Ratio Comparison
VHYL.AS has a 0.29% expense ratio, which is lower than HDLG.L's 0.30% expense ratio.
Dividends
VHYL.AS vs. HDLG.L - Dividend Comparison
VHYL.AS's dividend yield for the trailing twelve months is around 2.49%, less than HDLG.L's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLG.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 3.73% | 3.93% | 3.46% | 4.12% | 3.49% | 3.30% | 4.65% | 3.77% | 3.67% | 3.18% | 2.88% | 1.86% |
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 HDLG.L have a correlation of 0.49, 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 0.30% for HDLG.L.
VHYL.AS is categorized as Global Equities, while HDLG.L is S&P 500. VHYL.AS tracks FTSE All-World High Dividend Yield Index, while HDLG.L tracks S&P 500 Low Volatility High Dividend Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.29% for VHYL.AS and 0.30% for HDLG.L.
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