VHYL.AS vs. VWRL.AS
VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) and VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) are both Global Equities funds from Vanguard - VHYL.AS tracks the FTSE All-World High Dividend Yield Index while VWRL.AS tracks the FTSE All-World Index. Both are passively managed. Over the past 10 years, VHYL.AS returned 9.66%/yr vs 12.39%/yr for VWRL.AS. Their correlation of 0.90 suggests significant overlap in exposure. VHYL.AS charges 0.29%/yr vs 0.19%/yr for VWRL.AS.
Performance
VHYL.AS vs. VWRL.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VHYL.AS having a 12.61% return and VWRL.AS slightly higher at 12.89%. Over the past 10 years, VHYL.AS has underperformed VWRL.AS with an annualized return of 9.66%, while VWRL.AS has yielded a comparatively higher 12.39% 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%
VWRL.AS
- 1D
- -0.19%
- 1M
- 5.02%
- YTD
- 12.89%
- 6M
- 13.40%
- 1Y
- 26.44%
- 3Y*
- 17.84%
- 5Y*
- 12.29%
- 10Y*
- 12.39%
VHYL.AS vs. VWRL.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 | 12.61% | 12.40% | 16.77% | 7.02% | 0.17% | 27.85% | -8.79% | 22.93% | -7.01% | 4.82% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 12.89% | 8.40% | 25.57% | 18.07% | -13.65% | 28.52% | 6.31% | 27.76% | -4.68% | 8.95% |
Correlation
The correlation between VHYL.AS and VWRL.AS is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2013 | 0.90 |
The correlation between VHYL.AS and VWRL.AS shifts across timeframes, from 0.77 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VHYL.AS vs. VWRL.AS — Risk / Return Rank
VHYL.AS
VWRL.AS
VHYL.AS vs. VWRL.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 Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.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.
| VHYL.AS | VWRL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.44 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 4.00 | +0.17 |
| Martin ratioReturn relative to average drawdown | 15.90 | 16.48 | -0.58 |
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 | VWRL.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 2.34 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.88 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.82 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.77 | -0.12 |
Drawdowns
VHYL.AS vs. VWRL.AS - Drawdown Comparison
The maximum VHYL.AS drawdown since its inception was -34.08%, roughly equal to the maximum VWRL.AS drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for VHYL.AS and VWRL.AS.
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Drawdown Indicators
| VHYL.AS | VWRL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -33.27% | -0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -6.53% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -16.76% | -21.00% | +4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -21.00% | +4.24% |
Max Drawdown (10Y)Largest decline over 10 years | -34.08% | -33.27% | -0.81% |
Current DrawdownCurrent decline from peak | -0.24% | -0.61% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -4.38% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.59% | -0.03% |
Volatility
VHYL.AS vs. VWRL.AS - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) is 2.22%, while Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) has a volatility of 3.07%. This indicates that VHYL.AS experiences smaller price fluctuations and is considered to be less risky than VWRL.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 | VWRL.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 3.07% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 8.03% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.10% | 11.16% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.57% | 13.70% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.59% | 14.82% | -1.23% |
VHYL.AS vs. VWRL.AS - Expense Ratio Comparison
VHYL.AS has a 0.29% expense ratio, which is higher than VWRL.AS's 0.19% expense ratio.
Dividends
VHYL.AS vs. VWRL.AS - Dividend Comparison
VHYL.AS's dividend yield for the trailing twelve months is around 2.49%, more than VWRL.AS's 1.24% 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 | 2.49% | 2.85% | 3.03% | 3.40% | 3.78% | 3.03% | 3.08% | 3.24% | 3.68% | 3.13% | 3.02% | 3.25% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 1.24% | 1.42% | 1.47% | 1.74% | 2.10% | 1.43% | 1.56% | 1.89% | 2.24% | 1.93% | 1.95% | 2.03% |
Frequently Asked Questions
VHYL.AS and VWRL.AS have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWRL.AS is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRL.AS is cheaper with a 0.19% expense ratio, compared with 0.29% for VHYL.AS.
VHYL.AS tracks FTSE All-World High Dividend Yield Index, while VWRL.AS tracks FTSE All-World Index. Their fees differ too: 0.29% for VHYL.AS and 0.19% for VWRL.AS.
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