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VHYL.L vs. GRID
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VHYL.L vs. GRID

Last updated Jul 21, 2026
Documentation

VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 10 years, VHYL.L returned 9.64%/yr vs 18.16%/yr for GRID. A 0.52 correlation means they provide meaningful diversification when combined. VHYL.L charges 0.29%/yr vs 0.70%/yr for GRID.

Performance

VHYL.L vs. GRID - 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 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VHYL.L is traded in GBP, while GRID is traded in USD. To make them comparable, the GRID 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 GRID's 16.60% return. Over the past 10 years, VHYL.L has underperformed GRID with an annualized return of 9.64%, while GRID has yielded a comparatively higher 18.16% 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%

GRID

1D
-0.28%
1M
-10.20%
6M
11.24%
YTD
16.60%
1Y
25.04%
3Y*
17.77%
5Y*
15.35%
10Y*
18.16%
ALL TIME*
13.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VHYL.L vs. GRID - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		16.60%20.42%17.20%15.50%-3.65%28.86%44.47%37.37%-18.11%16.42%

Correlation

The correlation between VHYL.L and GRID is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

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

0.52

The correlation between VHYL.L and GRID has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.

VHYL.L vs. GRID - Sectors Allocation Comparison

Sectors
VHYL.L
GRID

Financial Services

28.2%

-

Industrials

12.2%
67.4%

Healthcare

11.1%

-

Technology

9.5%
11.6%

Energy

8.7%
1.6%

Consumer Defensive

8.5%

-

Consumer Cyclical

7.2%
3.6%

Utilities

5.3%
17.3%

Basic Materials

5.2%
0.0%

Communication Services

3.4%

-

Real Estate

0.8%

-

Financial Services

VHYL.L
28.2%
GRID

-

Industrials

VHYL.L
12.2%
GRID
67.4%

Healthcare

VHYL.L
11.1%
GRID

-

Technology

VHYL.L
9.5%
GRID
11.6%

Energy

VHYL.L
8.7%
GRID
1.6%

Consumer Defensive

VHYL.L
8.5%
GRID

-

Consumer Cyclical

VHYL.L
7.2%
GRID
3.6%

Utilities

VHYL.L
5.3%
GRID
17.3%

Basic Materials

VHYL.L
5.2%
GRID
0.0%

Communication Services

VHYL.L
3.4%
GRID

-

Real Estate

VHYL.L
0.8%
GRID

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Often compared with VHYL.L:
VHYL.L vs. VHYD.LVHYL.L vs. VWRP.LVHYL.L vs. VYMVHYL.L vs. IUKD.LVHYL.L vs. FUSD.LVHYL.L vs. VUSA.LVHYL.L vs. DGRG.L
Often compared with GRID:
GRID vs. ICLNGRID vs. NLRGRID vs. VOOGRID vs. POWRGRID vs. VOLTGRID vs. PAVEGRID vs. FIW

Return for Risk

VHYL.L vs. GRID — 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: 9292
Overall Rank
VHYL.L Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
VHYL.L Sortino Ratio Rank: 9494
Sortino Ratio Rank
VHYL.L Omega Ratio Rank: 9595
Omega Ratio Rank
VHYL.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
VHYL.L Martin Ratio Rank: 8686
Martin Ratio Rank
GRID
GRID Risk / Return Rank: 4646
Overall Rank
GRID Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 4040
Sortino Ratio Rank
GRID Omega Ratio Rank: 4141
Omega Ratio Rank
GRID Calmar Ratio Rank: 5757
Calmar Ratio Rank
GRID Martin Ratio Rank: 5151
Martin Ratio Rank
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. GRID - 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 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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.LGRIDDifference
Sharpe ratioReturn per unit of total volatility
2.95
1.24

+1.71

Sortino ratioReturn per unit of downside risk
3.95
1.69

+2.26

Omega ratioGain probability vs. loss probability

1.57

1.22

+0.34

Calmar ratioReturn relative to maximum drawdown

3.66

2.25

+1.41

Martin ratioReturn relative to average drawdown

13.21

6.83

+6.37

VHYL.L vs. GRID - Sharpe Ratio Comparison

The current VHYL.L Sharpe Ratio is 2.95, which is higher than the GRID Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of VHYL.L and GRID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VHYL.L vs. GRID - Drawdown Comparison

The maximum VHYL.L drawdown since its inception was -27.87%, smaller than the maximum GRID drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for VHYL.L and GRID.

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Drawdown Indicators

VHYL.LGRIDDifference

Max Drawdown

Largest peak-to-trough decline

-27.87%

-34.09%

+6.22%

Max Drawdown (1Y)

Largest decline over 1 year

-6.95%

-11.18%

+4.23%

Max Drawdown (3Y)

Largest decline over 3 years

-12.79%

-22.93%

+10.14%

Max Drawdown (5Y)

Largest decline over 5 years

-12.79%

-22.93%

+10.14%

Max Drawdown (10Y)

Largest decline over 10 years

-27.87%

-34.09%

+6.22%

Current Drawdown

Current decline from peak

-0.73%

-11.18%

+10.45%

Average Drawdown

Average peak-to-trough decline

-3.58%

-6.97%

+3.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

3.67%

-1.74%

Volatility

VHYL.L vs. GRID - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) is 1.91%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 8.38%. This indicates that VHYL.L experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VHYL.LGRIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.91%

8.38%

-6.47%

Volatility (6M)

Calculated over the trailing 6-month period

6.92%

17.53%

-10.61%

Volatility (1Y)

Calculated over the trailing 1-year period

8.63%

20.26%

-11.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.72%

19.25%

-8.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.99%

21.57%

-8.58%

VHYL.L vs. GRID - Expense Ratio Comparison

VHYL.L has a 0.29% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

VHYL.L vs. GRID - Dividend Comparison

VHYL.L's dividend yield for the trailing twelve months is around 2.53%, more than GRID's 0.81% yield.

PositionTTM20252024202320222021202020192018201720162015
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		0.81%1.01%1.06%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%
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 GRID have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VHYL.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VHYL.L is cheaper with a 0.29% expense ratio, compared with 0.70% for GRID.

VHYL.L is categorized as Dividend, while GRID is Alternative Energy Equities. VHYL.L tracks FTSE All-World High Dividend Yield Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Vanguard and First Trust. Their fees differ too: 0.29% for VHYL.L and 0.70% for GRID.

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