VHYL.L vs. TDGB.L
VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while TDGB.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, VHYL.L returned 10.73%/yr vs 10.14%/yr for TDGB.L. Their correlation of 0.80 suggests significant overlap in exposure. VHYL.L charges 0.29%/yr vs 0.38%/yr for TDGB.L.
Performance
VHYL.L vs. TDGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, VHYL.L achieves a 10.73% return, which is significantly higher than TDGB.L's 8.97% return. Over the past 10 years, VHYL.L has outperformed TDGB.L with an annualized return of 10.73%, while TDGB.L has yielded a comparatively lower 10.14% annualized return.
VHYL.L
- 1D
- -0.49%
- 1M
- 2.68%
- YTD
- 10.73%
- 6M
- 12.06%
- 1Y
- 26.88%
- 3Y*
- 15.77%
- 5Y*
- 11.46%
- 10Y*
- 10.73%
TDGB.L
- 1D
- 0.04%
- 1M
- 1.80%
- YTD
- 8.97%
- 6M
- 11.83%
- 1Y
- 28.61%
- 3Y*
- 20.01%
- 5Y*
- 17.71%
- 10Y*
- 10.14%
VHYL.L vs. TDGB.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 | 10.73% | 18.23% | 11.22% | 5.25% | 5.95% | 19.23% | -3.53% | 17.00% | -6.59% | 8.80% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 8.97% | 30.90% | 10.66% | 9.04% | 22.49% | 19.59% | -5.61% | 3.88% | -7.98% | 2.87% |
Correlation
The correlation between VHYL.L and TDGB.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 24, 2016 | 0.80 |
The correlation between VHYL.L and TDGB.L has been stable across timeframes, ranging from 0.75 to 0.85 - a consistent structural relationship.
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Return for Risk
VHYL.L vs. TDGB.L — Risk / Return Rank
VHYL.L
TDGB.L
VHYL.L vs. TDGB.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.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.
| VHYL.L | TDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.58 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 6.21 | -2.36 |
| Martin ratioReturn relative to average drawdown | 13.90 | 20.50 | -6.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VHYL.L | TDGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 3.12 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 1.55 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.74 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.76 | -0.06 |
Drawdowns
VHYL.L vs. TDGB.L - Drawdown Comparison
The maximum VHYL.L drawdown since its inception was -27.87%, smaller than the maximum TDGB.L drawdown of -32.94%. Use the drawdown chart below to compare losses from any high point for VHYL.L and TDGB.L.
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Drawdown Indicators
| VHYL.L | TDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -32.94% | +5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -4.66% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -12.79% | -12.42% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -12.79% | -12.42% | -0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -27.87% | -32.94% | +5.07% |
Current DrawdownCurrent decline from peak | -0.70% | -1.42% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -4.94% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.41% | +0.52% |
Volatility
VHYL.L vs. TDGB.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) is 1.83%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) has a volatility of 2.30%. This indicates that VHYL.L experiences smaller price fluctuations and is considered to be less risky than TDGB.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 | TDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 2.30% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 7.02% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.64% | 9.27% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 11.43% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.06% | 13.77% | -0.71% |
VHYL.L vs. TDGB.L - Expense Ratio Comparison
VHYL.L has a 0.29% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.
Dividends
VHYL.L vs. TDGB.L - Dividend Comparison
VHYL.L's dividend yield for the trailing twelve months is around 2.50%, less than TDGB.L's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.20% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% | 0.00% | 0.00% |
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.50% | 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 TDGB.L have a correlation of 0.75, 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 0.38% for TDGB.L.
VHYL.L is categorized as Dividend, while TDGB.L is Global Equities. VHYL.L tracks FTSE All-World High Dividend Yield Index, while TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.29% for VHYL.L and 0.38% for TDGB.L.
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