VHYL.AS vs. IWDP.AS
VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) and IWDP.AS (iShares Developed Markets Property Yield UCITS ETF USD (Dist)) are both exchange-traded funds - VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index, while IWDP.AS is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, VHYL.AS returned 9.58%/yr vs 2.60%/yr for IWDP.AS. A 0.68 correlation means they provide meaningful diversification when combined. VHYL.AS charges 0.29%/yr vs 0.59%/yr for IWDP.AS.
Performance
VHYL.AS vs. IWDP.AS - Performance Comparison
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Returns By Period
In the year-to-date period, VHYL.AS achieves a 16.61% return, which is significantly higher than IWDP.AS's 12.81% return. Over the past 10 years, VHYL.AS has outperformed IWDP.AS with an annualized return of 9.58%, while IWDP.AS has yielded a comparatively lower 2.60% annualized return.
VHYL.AS
- 1D
- 0.26%
- 1M
- 2.00%
- 6M
- 11.60%
- YTD
- 16.61%
- 1Y
- 29.97%
- 3Y*
- 17.69%
- 5Y*
- 12.29%
- 10Y*
- 9.58%
IWDP.AS
- 1D
- 0.00%
- 1M
- 1.90%
- 6M
- 8.12%
- YTD
- 12.81%
- 1Y
- 16.09%
- 3Y*
- 7.47%
- 5Y*
- 1.36%
- 10Y*
- 2.60%
VHYL.AS vs. IWDP.AS - 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 | 16.61% | 12.40% | 16.77% | 7.03% | 0.17% | 27.85% | -8.79% | 22.91% | -7.00% | 4.82% |
IWDP.AS iShares Developed Markets Property Yield UCITS ETF USD (Dist) | 12.81% | -3.33% | 6.79% | 5.38% | -19.61% | 36.11% | -17.19% | 23.60% | -1.01% | -2.62% |
Correlation
The correlation between VHYL.AS and IWDP.AS is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 21, 2013 | 0.68 |
The correlation between VHYL.AS and IWDP.AS has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
VHYL.AS vs. IWDP.AS — Risk / Return Rank
VHYL.AS
IWDP.AS
VHYL.AS vs. IWDP.AS - 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 iShares Developed Markets Property Yield UCITS ETF USD (Dist) (IWDP.AS). 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 | IWDP.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.26 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 4.99 | 2.12 | +2.87 |
| Martin ratioReturn relative to average drawdown | 19.66 | 6.69 | +12.97 |
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Drawdowns
VHYL.AS vs. IWDP.AS - Drawdown Comparison
The maximum VHYL.AS drawdown since its inception was -34.08%, smaller than the maximum IWDP.AS drawdown of -74.82%. Use the drawdown chart below to compare losses from any high point for VHYL.AS and IWDP.AS.
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Drawdown Indicators
| VHYL.AS | IWDP.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -74.82% | +40.74% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -7.55% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -16.76% | -19.92% | +3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -29.88% | +13.12% |
Max Drawdown (10Y)Largest decline over 10 years | -34.08% | -41.55% | +7.47% |
Current DrawdownCurrent decline from peak | 0.00% | -2.82% | +2.82% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -21.14% | +14.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.40% | -0.89% |
Volatility
VHYL.AS vs. IWDP.AS - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) is 1.89%, while iShares Developed Markets Property Yield UCITS ETF USD (Dist) (IWDP.AS) has a volatility of 3.26%. This indicates that VHYL.AS experiences smaller price fluctuations and is considered to be less risky than IWDP.AS 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 | IWDP.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 3.26% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 7.01% | 8.63% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.16% | 11.10% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.53% | 14.51% | -2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.48% | 15.99% | -2.51% |
VHYL.AS vs. IWDP.AS - Expense Ratio Comparison
VHYL.AS has a 0.29% expense ratio, which is lower than IWDP.AS's 0.59% expense ratio.
Dividends
VHYL.AS vs. IWDP.AS - Dividend Comparison
VHYL.AS's dividend yield for the trailing twelve months is around 2.47%, less than IWDP.AS's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWDP.AS iShares Developed Markets Property Yield UCITS ETF USD (Dist) | 2.88% | 3.20% | 3.10% | 3.15% | 3.70% | 2.11% | 3.18% | 2.91% | 3.87% | 3.11% | 3.06% | 2.96% |
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 2.47% | 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 IWDP.AS have a correlation of 0.59, 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 0.59% for IWDP.AS.
VHYL.AS is categorized as Global Equities, while IWDP.AS is REIT. VHYL.AS tracks FTSE All-World High Dividend Yield Index, while IWDP.AS tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.29% for VHYL.AS and 0.59% for IWDP.AS.
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