VHYL.L vs. HIGH.L
VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and HIGH.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)) are both exchange-traded funds - VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while HIGH.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR. Both are passively managed. Over the past 5 years, VHYL.L returned 12.03%/yr vs 2.49%/yr for HIGH.L. At a 0.48 correlation, their price movements are largely independent. VHYL.L charges 0.29%/yr vs 0.50%/yr for HIGH.L.
Performance
VHYL.L vs. HIGH.L - Performance Comparison
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Different Trading Currencies
VHYL.L is traded in GBP, while HIGH.L is traded in EUR. To make them comparable, the HIGH.L 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 higher than HIGH.L's -1.29% 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%
HIGH.L
- 1D
- -0.07%
- 1M
- -1.98%
- 6M
- -1.21%
- YTD
- -1.29%
- 1Y
- 0.89%
- 3Y*
- 5.55%
- 5Y*
- 2.49%
- 10Y*
- —
- ALL TIME*
- 2.25%
VHYL.L vs. HIGH.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 | 13.07% | 18.23% | 11.22% | 5.25% | 5.95% | 19.23% | -3.53% | 17.00% | -6.59% | 4.50% |
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | -1.29% | 10.50% | 0.90% | 9.36% | -4.64% | -3.28% | 6.81% | 3.53% | -2.45% | 1.65% |
Correlation
The correlation between VHYL.L and HIGH.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.48 |
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Return for Risk
VHYL.L vs. HIGH.L — Risk / Return Rank
VHYL.L
HIGH.L
VHYL.L vs. HIGH.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 iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.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 | HIGH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.04 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 0.31 | +3.35 |
| Martin ratioReturn relative to average drawdown | 13.21 | 0.93 | +12.28 |
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Drawdowns
VHYL.L vs. HIGH.L - Drawdown Comparison
The maximum VHYL.L drawdown since its inception was -27.87%, which is greater than HIGH.L's maximum drawdown of -21.81%. Use the drawdown chart below to compare losses from any high point for VHYL.L and HIGH.L.
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Drawdown Indicators
| VHYL.L | HIGH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -21.81% | -6.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -3.62% | -3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -12.79% | -3.62% | -9.17% |
Max Drawdown (5Y)Largest decline over 5 years | -12.79% | -15.38% | +2.59% |
Max Drawdown (10Y)Largest decline over 10 years | -27.87% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | -2.21% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -4.38% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.22% | +0.71% |
Volatility
VHYL.L vs. HIGH.L - Volatility Comparison
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) has a higher volatility of 1.91% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) at 1.30%. This indicates that VHYL.L's price experiences larger fluctuations and is considered to be riskier than HIGH.L 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 | HIGH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.30% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 3.96% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.63% | 4.99% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.72% | 7.17% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 8.48% | +4.51% |
VHYL.L vs. HIGH.L - Expense Ratio Comparison
VHYL.L has a 0.29% expense ratio, which is lower than HIGH.L's 0.50% expense ratio.
Dividends
VHYL.L vs. HIGH.L - Dividend Comparison
VHYL.L's dividend yield for the trailing twelve months is around 2.53%, while HIGH.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | 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 HIGH.L have a correlation of 0.45, 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 0.50% for HIGH.L.
VHYL.L is categorized as Dividend, while HIGH.L is European High Yield Bonds. VHYL.L tracks FTSE All-World High Dividend Yield Index, while HIGH.L tracks Bloomberg Pan Euro HY Euro TR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.29% for VHYL.L and 0.50% for HIGH.L.
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