VHYL.AS vs. VOO

Last updated Jun 9, 2026

VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, VHYL.AS returned 9.71%/yr vs 15.05%/yr for VOO. A 0.56 correlation means they provide meaningful diversification when combined. VHYL.AS charges 0.29%/yr vs 0.03%/yr for VOO.

Performance

VHYL.AS vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VHYL.AS is traded in EUR, while VOO is traded in USD. To make them comparable, the VOO 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 12.30% return, which is significantly higher than VOO's 10.58% return. Over the past 10 years, VHYL.AS has underperformed VOO with an annualized return of 9.71%, while VOO has yielded a comparatively higher 15.05% annualized return.

VHYL.AS

• 1D: 0.10%
• 1M: 3.02%
• YTD: 12.30%
• 6M: 13.93%
• 1Y: 24.07%
• 3Y*: 15.47%
• 5Y*: 11.44%
• 10Y*: 9.71%

VOO

• 1D: 0.00%
• 1M: 2.29%
• YTD: 10.58%
• 6M: 9.60%
• 1Y: 23.22%
• 3Y*: 18.59%
• 5Y*: 14.71%
• 10Y*: 15.05%

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

VHYL.AS vs. VOO - 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	12.30%	12.40%	16.77%	7.03%	0.17%	27.85%	-8.79%	22.91%	-7.00%	4.82%
VOO Vanguard S&P 500 ETF	10.73%	3.84%	33.23%	22.54%	-13.10%	38.43%	8.57%	34.33%	-0.02%	6.81%

Correlation

The correlation between VHYL.AS and VOO is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since May 21, 2013	0.56

The correlation between VHYL.AS and VOO shifts across timeframes, from 0.41 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VHYL.AS vs. VOO — 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: 86
VHYL.AS Sharpe Ratio Rank: 88
VHYL.AS Sortino Ratio Rank: 89
VHYL.AS Omega Ratio Rank: 87
VHYL.AS Calmar Ratio Rank: 83
VHYL.AS Martin Ratio Rank: 84

VOO

VOO Risk / Return Rank: 69
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 68
VOO Omega Ratio Rank: 71
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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. VOO - 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 Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.62	1.90	+0.72
Sortino ratio: Return per unit of downside risk	3.69	2.47	+1.22
Omega ratio: Gain probability vs. loss probability	1.49	1.35	+0.14
Calmar ratio: Return relative to maximum drawdown	4.02	3.17	+0.85
Martin ratio: Return relative to average drawdown	15.33	11.93	+3.40
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. VOO - Sharpe Ratio Comparison

The current VHYL.AS Sharpe Ratio is 2.62, which is higher than the VOO Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of VHYL.AS and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VHYL.AS	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	1.90	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.88	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.81	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.89	-0.46

Drawdowns

VHYL.AS vs. VOO - Drawdown Comparison

The maximum VHYL.AS drawdown since its inception was -34.08%, roughly equal to the maximum VOO drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for VHYL.AS and VOO.

Drawdown Indicators

	VHYL.AS	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-34.08%	-33.49%	-0.59%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-7.37%	+1.44%
Max Drawdown (3Y) Largest decline over 3 years	-16.76%	-23.87%	+7.11%
Max Drawdown (5Y) Largest decline over 5 years	-16.76%	-23.87%	+7.11%
Max Drawdown (10Y) Largest decline over 10 years	-34.08%	-33.49%	-0.59%
Current Drawdown Current decline from peak	-0.55%	-1.98%	+1.43%
Average Drawdown Average peak-to-trough decline	-6.59%	-4.03%	-2.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	1.95%	-0.43%

Volatility

VHYL.AS vs. VOO - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) is 2.12%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.89%. This indicates that VHYL.AS experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHYL.AS	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	2.89%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	6.93%	8.76%	-1.83%
Volatility (1Y) Calculated over the trailing 1-year period	9.08%	12.27%	-3.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.56%	16.72%	-5.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.59%	18.54%	-4.95%

VHYL.AS vs. VOO - Expense Ratio Comparison

VHYL.AS has a 0.29% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

VHYL.AS vs. VOO - Dividend Comparison

VHYL.AS's dividend yield for the trailing twelve months is around 2.50%, more than VOO's 1.05% yield.

Position	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	2.50%	2.85%	3.04%	3.41%	3.78%	3.03%	3.08%	3.24%	3.68%	3.13%	3.02%	3.25%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both VHYL.AS and VOO in my portfolio?

VHYL.AS and VOO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VHYL.AS or VOO?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VHYL.AS or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.29% for VHYL.AS.

What is the main difference between VHYL.AS and VOO?

VHYL.AS is categorized as Global Equities, while VOO is S&P 500. VHYL.AS tracks FTSE All-World High Dividend Yield Index, while VOO tracks S&P 500 Index. Their fees differ too: 0.29% for VHYL.AS and 0.03% for VOO.