VHYL.L vs. AMEM.DE
VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) are both exchange-traded funds - VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while AMEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, VHYL.L returned 9.64%/yr vs 8.46%/yr for AMEM.DE. A 0.69 correlation means they provide meaningful diversification when combined. VHYL.L charges 0.29%/yr vs 0.20%/yr for AMEM.DE.
Performance
VHYL.L vs. AMEM.DE - Performance Comparison
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Different Trading Currencies
VHYL.L is traded in GBP, while AMEM.DE is traded in EUR. To make them comparable, the AMEM.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VHYL.L achieves a 13.07% return, which is significantly lower than AMEM.DE's 17.55% return. Over the past 10 years, VHYL.L has outperformed AMEM.DE with an annualized return of 9.64%, while AMEM.DE has yielded a comparatively lower 8.46% annualized return.
VHYL.L
- 1D
- -0.22%
- 1M
- -0.13%
- 6M
- 9.96%
- YTD
- 13.07%
- 1Y
- 25.55%
- 3Y*
- 15.80%
- 5Y*
- 12.03%
- 10Y*
- 9.64%
- ALL TIME*
- 9.35%
AMEM.DE
- 1D
- 1.16%
- 1M
- -10.11%
- 6M
- 11.36%
- YTD
- 17.55%
- 1Y
- 32.28%
- 3Y*
- 18.16%
- 5Y*
- 7.38%
- 10Y*
- 8.46%
- ALL TIME*
- 6.01%
VHYL.L vs. AMEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 13.07% | 18.23% | 11.22% | 5.25% | 5.95% | 19.23% | -3.53% | 17.00% | -6.59% | 8.80% |
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 17.55% | 25.43% | 8.73% | 3.25% | -9.11% | -3.38% | 12.44% | 14.93% | -9.75% | 25.61% |
Correlation
The correlation between VHYL.L and AMEM.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 21, 2013 | 0.69 |
Over the past year, the correlation between VHYL.L and AMEM.DE has dropped to 0.48 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
VHYL.L vs. AMEM.DE — Risk / Return Rank
VHYL.L
AMEM.DE
VHYL.L vs. AMEM.DE - 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.L) and Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE). 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.L | AMEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.30 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 2.64 | +1.02 |
| Martin ratioReturn relative to average drawdown | 13.21 | 8.39 | +4.82 |
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Drawdowns
VHYL.L vs. AMEM.DE - Drawdown Comparison
The maximum VHYL.L drawdown since its inception was -27.87%, smaller than the maximum AMEM.DE drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for VHYL.L and AMEM.DE.
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Drawdown Indicators
| VHYL.L | AMEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -31.41% | +3.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -12.30% | +5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -12.79% | -16.71% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -12.79% | -21.79% | +9.00% |
Max Drawdown (10Y)Largest decline over 10 years | -27.87% | -27.39% | -0.48% |
Current DrawdownCurrent decline from peak | -0.73% | -11.28% | +10.55% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -10.96% | +7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 3.88% | -1.95% |
Volatility
VHYL.L vs. AMEM.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) is 1.91%, while Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) has a volatility of 8.37%. This indicates that VHYL.L experiences smaller price fluctuations and is considered to be less risky than AMEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHYL.L | AMEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 8.37% | -6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 17.60% | -10.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.63% | 19.75% | -11.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.72% | 17.03% | -6.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 18.47% | -5.48% |
VHYL.L vs. AMEM.DE - Expense Ratio Comparison
VHYL.L has a 0.29% expense ratio, which is higher than AMEM.DE's 0.20% expense ratio.
Dividends
VHYL.L vs. AMEM.DE - Dividend Comparison
VHYL.L's dividend yield for the trailing twelve months is around 2.53%, while AMEM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.53% | 2.79% | 3.08% | 3.37% | 3.67% | 3.08% | 3.28% | 3.34% | 3.63% | 3.09% | 2.88% | 3.20% |
Frequently Asked Questions
VHYL.L and AMEM.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEM.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEM.DE is cheaper with a 0.20% expense ratio, compared with 0.29% for VHYL.L.
VHYL.L is categorized as Dividend, while AMEM.DE is Emerging Markets Equities. VHYL.L tracks FTSE All-World High Dividend Yield Index, while AMEM.DE tracks MSCI Emerging Markets. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.29% for VHYL.L and 0.20% for AMEM.DE.
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