VHYL.AS vs. HMCH.L
VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) and HMCH.L (HSBC MSCI China UCITS ETF) are both exchange-traded funds - VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index, while HMCH.L is a China Equities fund tracking the MSCI China NR USD. Both are passively managed. Over the past 10 years, VHYL.AS returned 10.11%/yr vs 4.74%/yr for HMCH.L. A 0.55 correlation means they provide meaningful diversification when combined. VHYL.AS charges 0.29%/yr vs 0.30%/yr for HMCH.L.
Performance
VHYL.AS vs. HMCH.L - Performance Comparison
Loading charts...
Different Trading Currencies
VHYL.AS is traded in EUR, while HMCH.L is traded in GBp. To make them comparable, the HMCH.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 14.06% return, which is significantly higher than HMCH.L's -8.17% return. Over the past 10 years, VHYL.AS has outperformed HMCH.L with an annualized return of 10.11%, while HMCH.L has yielded a comparatively lower 4.74% annualized return.
VHYL.AS
- 1D
- 1.59%
- 1M
- 3.94%
- YTD
- 14.06%
- 6M
- 15.63%
- 1Y
- 26.86%
- 3Y*
- 15.86%
- 5Y*
- 11.73%
- 10Y*
- 10.11%
HMCH.L
- 1D
- 1.46%
- 1M
- -7.88%
- YTD
- -8.17%
- 6M
- -8.66%
- 1Y
- 0.57%
- 3Y*
- 6.14%
- 5Y*
- -4.43%
- 10Y*
- 4.74%
VHYL.AS vs. HMCH.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 | 14.06% | 12.40% | 16.77% | 7.03% | 0.17% | 27.85% | -8.79% | 22.91% | -7.00% | 4.82% |
HMCH.L HSBC MSCI China UCITS ETF | -8.17% | 16.46% | 26.56% | -14.56% | -17.86% | -15.92% | 18.18% | 25.29% | -15.34% | 34.71% |
Correlation
The correlation between VHYL.AS and HMCH.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 21, 2013 | 0.55 |
The correlation between VHYL.AS and HMCH.L shifts across timeframes, from 0.35 (5 years) to 0.55 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VHYL.AS vs. HMCH.L — Risk / Return Rank
VHYL.AS
HMCH.L
VHYL.AS vs. HMCH.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 HSBC MSCI China UCITS ETF (HMCH.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.
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.
| VHYL.AS | HMCH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.85 | ||
| Sortino ratioReturn per unit of downside risk | +3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.02 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | 0.03 | +4.44 |
| Martin ratioReturn relative to average drawdown | 17.48 | 0.07 | +17.41 |
Loading charts...
Drawdowns
VHYL.AS vs. HMCH.L - Drawdown Comparison
The maximum VHYL.AS drawdown since its inception was -34.08%, smaller than the maximum HMCH.L drawdown of -55.83%. Use the drawdown chart below to compare losses from any high point for VHYL.AS and HMCH.L.
Loading charts...
Drawdown Indicators
| VHYL.AS | HMCH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -55.83% | +21.75% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -17.56% | +11.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.76% | -24.63% | +7.87% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -49.13% | +32.37% |
Max Drawdown (10Y)Largest decline over 10 years | -34.08% | -55.83% | +21.75% |
Current DrawdownCurrent decline from peak | 0.00% | -33.59% | +33.59% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -20.72% | +14.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 8.40% | -6.88% |
Volatility
VHYL.AS vs. HMCH.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) is 2.50%, while HSBC MSCI China UCITS ETF (HMCH.L) has a volatility of 6.55%. This indicates that VHYL.AS experiences smaller price fluctuations and is considered to be less risky than HMCH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VHYL.AS | HMCH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 6.55% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 13.50% | -6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.22% | 19.02% | -9.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.58% | 27.97% | -16.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.59% | 25.43% | -11.84% |
VHYL.AS vs. HMCH.L - Expense Ratio Comparison
VHYL.AS has a 0.29% expense ratio, which is lower than HMCH.L's 0.30% expense ratio.
Dividends
VHYL.AS vs. HMCH.L - Dividend Comparison
VHYL.AS's dividend yield for the trailing twelve months is around 2.46%, more than HMCH.L's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMCH.L HSBC MSCI China UCITS ETF | 2.20% | 2.34% | 2.17% | 2.12% | 1.85% | 1.28% | 0.92% | 1.65% | 1.36% | 0.78% | 1.89% | 2.84% |
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 2.46% | 2.85% | 3.04% | 3.41% | 3.78% | 3.03% | 3.08% | 3.24% | 3.68% | 3.13% | 3.02% | 3.25% |
Frequently Asked Questions
VHYL.AS and HMCH.L have a correlation of 0.38, 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 HMCH.L.
VHYL.AS is categorized as Global Equities, while HMCH.L is China Equities. VHYL.AS tracks FTSE All-World High Dividend Yield Index, while HMCH.L tracks MSCI China NR USD. They also come from different issuers: Vanguard and HSBC. Their fees differ too: 0.29% for VHYL.AS and 0.30% for HMCH.L.
Find the right allocation for VHYL.AS and HMCH.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer