VHYL.L vs. DHS.L

Last updated Jul 26, 2026

VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and DHS.L (WisdomTree US High Dividend UCITS ETF USD (Dist)) are both Dividend funds - VHYL.L tracks the FTSE All-World High Dividend Yield Index while DHS.L tracks the WisdomTree US High Dividend UCITS Index. Both are passively managed. Over the past 10 years, VHYL.L returned 9.90%/yr vs 8.52%/yr for DHS.L. Their correlation of 0.83 means they have usually moved in the same direction. Both charge a 0.29% expense ratio.

Performance

VHYL.L vs. DHS.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.L) and WisdomTree US High Dividend UCITS ETF USD (Dist) (DHS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VHYL.L is traded in GBP, while DHS.L is traded in GBp. To make them comparable, the DHS.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with VHYL.L having a 15.27% return and DHS.L slightly higher at 15.81%. Over the past 10 years, VHYL.L has outperformed DHS.L with an annualized return of 9.90%, while DHS.L has yielded a comparatively lower 8.52% annualized return.

VHYL.L

• 1D: 0.63%
• 1M: 1.66%
• 6M: 12.63%
• YTD: 15.27%
• 1Y: 25.97%
• 3Y*: 16.40%
• 5Y*: 12.48%
• 10Y*: 9.90%
• ALL TIME*: 9.50%

DHS.L

• 1D: 0.71%
• 1M: 1.90%
• 6M: 13.20%
• YTD: 15.81%
• 1Y: 24.27%
• 3Y*: 13.76%
• 5Y*: 12.05%
• 10Y*: 8.52%
• ALL TIME*: 6.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DHS.L WisdomTree US High Dividend UCITS ETF USD (Dist)	£252.46	£573.21	£516.58
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	£8.58M	£8.10M	£7.58M

VHYL.L vs. DHS.L - 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	15.27%	18.23%	11.22%	5.25%	5.95%	19.23%	-3.53%	17.00%	-6.59%	8.80%
DHS.L WisdomTree US High Dividend UCITS ETF USD (Dist)	15.81%	4.77%	17.32%	-5.75%	19.92%	25.61%	-9.41%	16.84%	-2.86%	1.32%

Correlation

The correlation between VHYL.L and DHS.L is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.64
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Oct 21, 2014	0.83

The correlation between VHYL.L and DHS.L shifts across timeframes, from 0.64 (1 year) to 0.83 (10 years), reflecting how their relationship changes across market environments.

VHYL.L vs. DHS.L - Sectors Allocation Comparison

Sectors	VHYL.L	DHS.L
Financial Services	29.1%	25.1%
Industrials	12.1%	6.6%
Healthcare	11.6%	18.0%
Technology	9.3%	5.6%
Consumer Defensive	8.5%	8.8%
Energy	8.1%	8.0%
Consumer Cyclical	7.0%	9.1%
Utilities	5.5%	4.9%
Basic Materials	4.8%	1.2%
Communication Services	3.1%	8.5%
Real Estate	0.8%	4.3%

Return for Risk

VHYL.L vs. DHS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VHYL.L

VHYL.L Risk / Return Rank: 93
VHYL.L Sharpe Ratio Rank: 96
VHYL.L Sortino Ratio Rank: 95
VHYL.L Omega Ratio Rank: 96
VHYL.L Calmar Ratio Rank: 89
VHYL.L Martin Ratio Rank: 89

DHS.L

DHS.L Risk / Return Rank: 89
DHS.L Sharpe Ratio Rank: 91
DHS.L Sortino Ratio Rank: 91
DHS.L Omega Ratio Rank: 89
DHS.L Calmar Ratio Rank: 89
DHS.L Martin Ratio Rank: 87

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.L vs. DHS.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.L) and WisdomTree US High Dividend UCITS ETF USD (Dist) (DHS.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.

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	DHS.L	Difference
Sharpe ratio: Return per unit of total volatility	3.01	2.29	+0.72
Sortino ratio: Return per unit of downside risk	4.03	3.20	+0.83
Omega ratio: Gain probability vs. loss probability	1.58	1.40	+0.18
Calmar ratio: Return relative to maximum drawdown	3.74	3.78	-0.03
Martin ratio: Return relative to average drawdown	13.52	13.01	+0.51

VHYL.L vs. DHS.L - Sharpe Ratio Comparison

The current VHYL.L Sharpe Ratio is 3.01, which is higher than the DHS.L Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of VHYL.L and DHS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VHYL.L vs. DHS.L - Drawdown Comparison

The maximum VHYL.L drawdown since its inception was -27.87%, smaller than the maximum DHS.L drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for VHYL.L and DHS.L.

Drawdown Indicators

	VHYL.L	DHS.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.87%	-38.98%	+11.11%
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	-6.40%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	-12.79%	-17.50%	+4.71%
Max Drawdown (5Y) Largest decline over 5 years	-12.79%	-18.39%	+5.60%
Max Drawdown (10Y) Largest decline over 10 years	-27.87%	-29.33%	+1.46%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.58%	-9.56%	+5.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	1.86%	+0.07%

Volatility

VHYL.L vs. DHS.L - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) is 2.16%, while WisdomTree US High Dividend UCITS ETF USD (Dist) (DHS.L) has a volatility of 2.99%. This indicates that VHYL.L experiences smaller price fluctuations and is considered to be less risky than DHS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHYL.L	DHS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.16%	2.99%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	6.86%	7.94%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	8.65%	10.57%	-1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.72%	13.78%	-3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.99%	14.86%	-1.87%

VHYL.L vs. DHS.L - Expense Ratio Comparison

Both VHYL.L and DHS.L have an expense ratio of 0.29%.

Dividends

VHYL.L vs. DHS.L - Dividend Comparison

VHYL.L's dividend yield for the trailing twelve months is around 2.48%, less than DHS.L's 2.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DHS.L WisdomTree US High Dividend UCITS ETF USD (Dist)	2.54%	2.89%	2.93%	3.50%	2.83%	2.87%	3.76%	3.16%	3.06%	2.70%	2.51%	2.46%
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	2.48%	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

Can I hold both VHYL.L and DHS.L in my portfolio?

VHYL.L and DHS.L have a correlation of 0.64, 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.L or DHS.L?

Both ETFs have the same 0.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VHYL.L or DHS.L?

VHYL.L and DHS.L have the same expense ratio: 0.29% per year.

What is the main difference between VHYL.L and DHS.L?

VHYL.L tracks FTSE All-World High Dividend Yield Index, while DHS.L tracks WisdomTree US High Dividend UCITS Index. They also come from different issuers: Vanguard and WisdomTree.