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

VHYL.L vs. IWFV.L

Last updated Jul 7, 2026
See Documentation

VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) are both exchange-traded funds - VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while IWFV.L is a Global Equities fund tracking the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, VHYL.L returned 9.91%/yr vs 12.64%/yr for IWFV.L. Their correlation of 0.90 suggests significant overlap in exposure. VHYL.L charges 0.29%/yr vs 0.30%/yr for IWFV.L.

Performance

VHYL.L vs. IWFV.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 iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L). 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 IWFV.L is traded in GBp. To make them comparable, the IWFV.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 13.90% return, which is significantly lower than IWFV.L's 31.99% return. Over the past 10 years, VHYL.L has underperformed IWFV.L with an annualized return of 9.91%, while IWFV.L has yielded a comparatively higher 12.64% annualized return.

VHYL.L

1D
0.07%
1M
2.36%
6M
13.20%
YTD
13.90%
1Y
27.86%
3Y*
17.68%
5Y*
12.14%
10Y*
9.91%

IWFV.L

1D
0.27%
1M
-0.69%
6M
30.44%
YTD
31.99%
1Y
59.48%
3Y*
26.33%
5Y*
17.34%
10Y*
12.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VHYL.L vs. IWFV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VHYL.L
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing		13.90%18.23%11.22%5.25%5.95%19.23%-3.53%17.00%-6.59%8.80%
IWFV.L
iShares Edge MSCI World Value Factor UCITS ETF		31.99%30.69%6.85%13.02%0.95%21.60%-6.91%14.69%-9.34%12.04%

Correlation

The correlation between VHYL.L and IWFV.L is 0.73, 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

0.73

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

0.82

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

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Oct 6, 2014

0.90

The correlation between VHYL.L and IWFV.L shifts across timeframes, from 0.73 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

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

Sectors
VHYL.L
IWFV.L

Financial Services

28.2%
14.3%

Industrials

12.2%
11.4%

Healthcare

11.1%
8.1%

Technology

9.5%
33.2%

Energy

8.7%
3.8%

Consumer Defensive

8.5%
4.8%

Consumer Cyclical

7.2%
9.2%

Utilities

5.3%
2.4%

Basic Materials

5.2%
2.9%

Communication Services

3.4%
8.3%

Real Estate

0.8%
1.7%

Financial Services

VHYL.L
28.2%
IWFV.L
14.3%

Industrials

VHYL.L
12.2%
IWFV.L
11.4%

Healthcare

VHYL.L
11.1%
IWFV.L
8.1%

Technology

VHYL.L
9.5%
IWFV.L
33.2%

Energy

VHYL.L
8.7%
IWFV.L
3.8%

Consumer Defensive

VHYL.L
8.5%
IWFV.L
4.8%

Consumer Cyclical

VHYL.L
7.2%
IWFV.L
9.2%

Utilities

VHYL.L
5.3%
IWFV.L
2.4%

Basic Materials

VHYL.L
5.2%
IWFV.L
2.9%

Communication Services

VHYL.L
3.4%
IWFV.L
8.3%

Real Estate

VHYL.L
0.8%
IWFV.L
1.7%

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

iShares Edge MSCI World Value Factor UCITS ETF

Often compared with VHYL.L:
VHYL.L vs. VHYD.LVHYL.L vs. VWRP.LVHYL.L vs. DGRG.LVHYL.L vs. TDGB.LVHYL.L vs. VUSA.LVHYL.L vs. IUKD.LVHYL.L vs. GBDV.L
Often compared with IWFV.L:
IWFV.L vs. OEFIWFV.L vs. VOOIWFV.L vs. VWRA.LIWFV.L vs. IOOIWFV.L vs. IWQU.LIWFV.L vs. SMGB.LIWFV.L vs. IWDA.L

Return for Risk

VHYL.L vs. IWFV.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: 9191
Overall Rank
VHYL.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
VHYL.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
VHYL.L Omega Ratio Rank: 9595
Omega Ratio Rank
VHYL.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
VHYL.L Martin Ratio Rank: 8585
Martin Ratio Rank
IWFV.L
IWFV.L Risk / Return Rank: 9797
Overall Rank
IWFV.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IWFV.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
IWFV.L Omega Ratio Rank: 9797
Omega Ratio Rank
IWFV.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
IWFV.L Martin Ratio Rank: 9696
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. IWFV.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 Edge MSCI World Value Factor UCITS ETF (IWFV.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.LIWFV.LDifference
Sharpe ratioReturn per unit of total volatility
3.22
4.10

-0.88

Sortino ratioReturn per unit of downside risk
4.34
5.46

-1.12

Omega ratioGain probability vs. loss probability

1.62

1.75

-0.13

Calmar ratioReturn relative to maximum drawdown

3.99

8.36

-4.37

Martin ratioReturn relative to average drawdown

14.42

29.75

-15.34

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

The current VHYL.L Sharpe Ratio is 3.22, which is comparable to the IWFV.L Sharpe Ratio of 4.10. The chart below compares the historical Sharpe Ratios of VHYL.L and IWFV.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.

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Drawdowns

VHYL.L vs. IWFV.L - Drawdown Comparison

The maximum VHYL.L drawdown since its inception was -27.87%, smaller than the maximum IWFV.L drawdown of -42.78%. Use the drawdown chart below to compare losses from any high point for VHYL.L and IWFV.L.

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Drawdown Indicators

VHYL.LIWFV.LDifference

Max Drawdown

Largest peak-to-trough decline

-27.87%

-42.78%

+14.91%

Max Drawdown (1Y)

Largest decline over 1 year

-6.95%

-7.08%

+0.13%

Max Drawdown (3Y)

Largest decline over 3 years

-12.79%

-19.86%

+7.07%

Max Drawdown (5Y)

Largest decline over 5 years

-12.79%

-19.86%

+7.07%

Max Drawdown (10Y)

Largest decline over 10 years

-27.87%

-28.79%

+0.92%

Current Drawdown

Current decline from peak

0.00%

-3.93%

+3.93%

Average Drawdown

Average peak-to-trough decline

-3.59%

-11.22%

+7.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

1.99%

-0.06%

Volatility

VHYL.L vs. IWFV.L - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) is 2.12%, while iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) has a volatility of 5.83%. This indicates that VHYL.L experiences smaller price fluctuations and is considered to be less risky than IWFV.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.LIWFV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.12%

5.83%

-3.71%

Volatility (6M)

Calculated over the trailing 6-month period

6.92%

12.54%

-5.62%

Volatility (1Y)

Calculated over the trailing 1-year period

8.63%

14.46%

-5.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.76%

18.98%

-8.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.99%

17.91%

-4.92%

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

VHYL.L has a 0.29% expense ratio, which is lower than IWFV.L's 0.30% expense ratio.

Dividends

VHYL.L vs. IWFV.L - Dividend Comparison

VHYL.L's dividend yield for the trailing twelve months is around 2.51%, while IWFV.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IWFV.L
iShares Edge MSCI World Value Factor UCITS ETF		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		2.51%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 IWFV.L have a correlation of 0.73, 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 0.30% for IWFV.L.

VHYL.L is categorized as Dividend, while IWFV.L is Global Equities. VHYL.L tracks FTSE All-World High Dividend Yield Index, while IWFV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.29% for VHYL.L and 0.30% for IWFV.L.

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