VHYL.AS vs. TDGB.L

Last updated Apr 3, 2026

Compare and contrast key facts about Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L).

VHYL.AS and TDGB.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VHYL.AS is a passively managed fund by Vanguard that tracks the performance of the MSCI World High Dividend Yield NR USD. It was launched on May 21, 2013. TDGB.L is a passively managed fund by VanEck that tracks the performance of the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. It was launched on May 23, 2016. Both VHYL.AS and TDGB.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VHYL.AS vs. TDGB.L - 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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L). The values are adjusted to include any dividend payments, if applicable.

VHYL.AS vs. TDGB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	6.57%	12.40%	16.77%	7.02%	0.17%	27.85%	-8.79%	16.01%
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	10.04%	24.05%	15.99%	11.37%	16.17%	27.37%	-10.74%	15.55%

Different Trading Currencies

VHYL.AS is traded in EUR, while TDGB.L is traded in GBP. To make them comparable, the TDGB.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 6.57% return, which is significantly lower than TDGB.L's 9.42% return.

VHYL.AS

• 1D: 0.07%
• 1M: -0.78%
• YTD: 6.57%
• 6M: 11.66%
• 1Y: 17.13%
• 3Y*: 14.16%
• 5Y*: 10.94%
• 10Y*: 9.45%

TDGB.L

• 1D: 0.00%
• 1M: 1.87%
• YTD: 9.42%
• 6M: 17.89%
• 1Y: 24.10%
• 3Y*: 20.31%
• 5Y*: 17.96%
• 10Y*: —

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

VHYL.AS vs. TDGB.L - Expense Ratio Comparison

VHYL.AS has a 0.29% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.

TDGB.L

VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF

VHYL.AS

Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing

Return for Risk

VHYL.AS vs. TDGB.L — 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: 78
VHYL.AS Sharpe Ratio Rank: 67
VHYL.AS Sortino Ratio Rank: 60
VHYL.AS Omega Ratio Rank: 70
VHYL.AS Calmar Ratio Rank: 97
VHYL.AS Martin Ratio Rank: 97

TDGB.L

TDGB.L Risk / Return Rank: 97
TDGB.L Sharpe Ratio Rank: 96
TDGB.L Sortino Ratio Rank: 95
TDGB.L Omega Ratio Rank: 96
TDGB.L Calmar Ratio Rank: 98
TDGB.L Martin Ratio Rank: 98

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. TDGB.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.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	TDGB.L	Difference
Sharpe ratio Return per unit of total volatility	1.27	1.87	-0.60
Sortino ratio Return per unit of downside risk	1.64	2.28	-0.64
Omega ratio Gain probability vs. loss probability	1.27	1.40	-0.13
Calmar ratio Return relative to maximum drawdown	5.36	5.80	-0.44
Martin ratio Return relative to average drawdown	20.88	20.80	+0.08
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. TDGB.L - Sharpe Ratio Comparison

The current VHYL.AS Sharpe Ratio is 1.27, which is lower than the TDGB.L Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of VHYL.AS and TDGB.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VHYL.AS	TDGB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	1.87	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	1.49	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.95	-0.32

Correlation

The correlation between VHYL.AS and TDGB.L is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VHYL.AS vs. TDGB.L - Dividend Comparison

VHYL.AS's dividend yield for the trailing twelve months is around 2.63%, less than TDGB.L's 3.25% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	2.63%	2.85%	3.03%	3.40%	3.78%	3.03%	3.08%	3.24%	3.68%	3.13%	3.02%	3.25%
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.25%	3.50%	4.27%	4.93%	4.40%	4.06%	4.16%	4.52%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VHYL.AS vs. TDGB.L - Drawdown Comparison

The maximum VHYL.AS drawdown since its inception was -34.08%, roughly equal to the maximum TDGB.L drawdown of -35.57%. Use the drawdown chart below to compare losses from any high point for VHYL.AS and TDGB.L.

Drawdown Indicators

	VHYL.AS	TDGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.08%	-29.60%	-4.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	-9.11%	-0.84%
Max Drawdown (5Y) Largest decline over 5 years	-16.76%	-12.41%	-4.35%
Max Drawdown (10Y) Largest decline over 10 years	-34.08%	—	—
Current Drawdown Current decline from peak	-3.34%	-0.56%	-2.78%
Average Drawdown Average peak-to-trough decline	-4.38%	-3.75%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	1.34%	+0.18%

Volatility

VHYL.AS vs. TDGB.L - Volatility Comparison

Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) has a higher volatility of 3.80% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 3.25%. This indicates that VHYL.AS's price experiences larger fluctuations and is considered to be riskier than TDGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHYL.AS	TDGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	3.25%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	6.97%	6.67%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	13.34%	12.82%	+0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.57%	12.04%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.66%	15.53%	-1.87%