VHYL.L vs. SEMI.AS
VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and SEMI.AS (iShares MSCI Global Semiconductors UCITS ETF USD Acc) are both exchange-traded funds - VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while SEMI.AS is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index. Both are passively managed. Over the past 3 years, VHYL.L returned 15.80%/yr vs 50.29%/yr for SEMI.AS. At a 0.45 correlation, their price movements are largely independent. VHYL.L charges 0.29%/yr vs 0.35%/yr for SEMI.AS.
Performance
VHYL.L vs. SEMI.AS - Performance Comparison
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Different Trading Currencies
VHYL.L is traded in GBP, while SEMI.AS is traded in USD. To make them comparable, the SEMI.AS 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 SEMI.AS's 77.73% 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%
SEMI.AS
- 1D
- 2.30%
- 1M
- -18.08%
- 6M
- 57.87%
- YTD
- 77.73%
- 1Y
- 133.21%
- 3Y*
- 50.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.97%
VHYL.L vs. SEMI.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 13.07% | 18.23% | 11.22% | 5.25% | 5.95% | 6.67% |
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc | 77.73% | 41.92% | 17.13% | 57.51% | -28.17% | 18.28% |
Correlation
The correlation between VHYL.L and SEMI.AS is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021 | 0.45 |
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Return for Risk
VHYL.L vs. SEMI.AS — Risk / Return Rank
VHYL.L
SEMI.AS
VHYL.L vs. SEMI.AS - 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 MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS). 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 | SEMI.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.48 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 6.07 | -2.41 |
| Martin ratioReturn relative to average drawdown | 13.21 | 25.16 | -11.96 |
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Drawdowns
VHYL.L vs. SEMI.AS - Drawdown Comparison
The maximum VHYL.L drawdown since its inception was -27.87%, smaller than the maximum SEMI.AS drawdown of -38.10%. Use the drawdown chart below to compare losses from any high point for VHYL.L and SEMI.AS.
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Drawdown Indicators
| VHYL.L | SEMI.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -38.10% | +10.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -21.58% | +14.63% |
Max Drawdown (3Y)Largest decline over 3 years | -12.79% | -38.10% | +25.31% |
Max Drawdown (5Y)Largest decline over 5 years | -12.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.87% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | -19.77% | +19.04% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -10.96% | +7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 5.22% | -3.29% |
Volatility
VHYL.L vs. SEMI.AS - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) is 1.91%, while iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) has a volatility of 18.03%. This indicates that VHYL.L experiences smaller price fluctuations and is considered to be less risky than SEMI.AS 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 | SEMI.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 18.03% | -16.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 31.87% | -24.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.63% | 37.74% | -29.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.72% | 31.27% | -20.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 31.27% | -18.28% |
VHYL.L vs. SEMI.AS - Expense Ratio Comparison
VHYL.L has a 0.29% expense ratio, which is lower than SEMI.AS's 0.35% expense ratio.
Dividends
VHYL.L vs. SEMI.AS - Dividend Comparison
VHYL.L's dividend yield for the trailing twelve months is around 2.53%, while SEMI.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD 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 SEMI.AS have a correlation of 0.37, 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 0.35% for SEMI.AS.
VHYL.L is categorized as Dividend, while SEMI.AS is Semiconductors. VHYL.L tracks FTSE All-World High Dividend Yield Index, while SEMI.AS tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.29% for VHYL.L and 0.35% for SEMI.AS.
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