VHYL.L vs. UINC.L
VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and UINC.L (First Trust US Equity Income UCITS ETF USD (Dist)) are both Dividend funds - VHYL.L tracks the FTSE All-World High Dividend Yield Index while UINC.L tracks the Nasdaq US High Equity Income NTR Index. Both are passively managed. Over the past 10 years, VHYL.L returned 9.76%/yr vs 10.20%/yr for UINC.L. A 0.76 correlation means they provide meaningful diversification when combined. VHYL.L charges 0.29%/yr vs 0.55%/yr for UINC.L.
Performance
VHYL.L vs. UINC.L - Performance Comparison
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Different Trading Currencies
VHYL.L is traded in GBP, while UINC.L is traded in GBp. To make them comparable, the UINC.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 13.32% return, which is significantly lower than UINC.L's 20.06% return. Both investments have delivered pretty close results over the past 10 years, with VHYL.L having a 9.76% annualized return and UINC.L not far ahead at 10.20%.
VHYL.L
- 1D
- 0.04%
- 1M
- -0.25%
- 6M
- 9.49%
- YTD
- 13.32%
- 1Y
- 25.74%
- 3Y*
- 16.86%
- 5Y*
- 12.12%
- 10Y*
- 9.76%
UINC.L
- 1D
- 0.38%
- 1M
- 5.22%
- 6M
- 16.03%
- YTD
- 20.06%
- 1Y
- 25.86%
- 3Y*
- 14.48%
- 5Y*
- 10.77%
- 10Y*
- 10.20%
VHYL.L vs. UINC.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 | 13.32% | 18.23% | 11.22% | 5.25% | 5.95% | 19.23% | -3.53% | 17.00% | -6.59% | 8.80% |
UINC.L First Trust US Equity Income UCITS ETF USD (Dist) | 20.06% | 0.01% | 8.49% | 10.78% | 4.24% | 34.94% | -2.77% | 12.59% | -3.41% | 5.05% |
Correlation
The correlation between VHYL.L and UINC.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016 | 0.76 |
Over the past year, the correlation between VHYL.L and UINC.L has dropped to 0.49 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
VHYL.L vs. UINC.L — Risk / Return Rank
VHYL.L
UINC.L
VHYL.L vs. UINC.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 First Trust US Equity Income UCITS ETF USD (Dist) (UINC.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 | UINC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.35 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 5.05 | -1.37 |
| Martin ratioReturn relative to average drawdown | 13.31 | 14.26 | -0.95 |
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Drawdowns
VHYL.L vs. UINC.L - Drawdown Comparison
The maximum VHYL.L drawdown since its inception was -27.87%, smaller than the maximum UINC.L drawdown of -38.33%. Use the drawdown chart below to compare losses from any high point for VHYL.L and UINC.L.
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Drawdown Indicators
| VHYL.L | UINC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -38.33% | +10.46% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -5.10% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -12.79% | -23.09% | +10.30% |
Max Drawdown (5Y)Largest decline over 5 years | -12.79% | -23.09% | +10.30% |
Max Drawdown (10Y)Largest decline over 10 years | -27.87% | -38.33% | +10.46% |
Current DrawdownCurrent decline from peak | -0.51% | 0.00% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -8.25% | +4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.81% | +0.12% |
Volatility
VHYL.L vs. UINC.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) is 1.92%, while First Trust US Equity Income UCITS ETF USD (Dist) (UINC.L) has a volatility of 3.93%. This indicates that VHYL.L experiences smaller price fluctuations and is considered to be less risky than UINC.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 | UINC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 3.93% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 9.18% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.65% | 12.65% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 16.76% | -6.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 19.58% | -6.59% |
VHYL.L vs. UINC.L - Expense Ratio Comparison
VHYL.L has a 0.29% expense ratio, which is lower than UINC.L's 0.55% expense ratio.
Dividends
VHYL.L vs. UINC.L - Dividend Comparison
VHYL.L's dividend yield for the trailing twelve months is around 2.53%, less than UINC.L's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UINC.L First Trust US Equity Income UCITS ETF USD (Dist) | 2.74% | 3.03% | 2.84% | 3.20% | 3.25% | 2.15% | 3.40% | 3.14% | 3.01% | 2.49% | 1.60% | 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 UINC.L have a correlation of 0.49, 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 0.55% for UINC.L.
VHYL.L tracks FTSE All-World High Dividend Yield Index, while UINC.L tracks Nasdaq US High Equity Income NTR Index. They also come from different issuers: Vanguard and First Trust. Their fees differ too: 0.29% for VHYL.L and 0.55% for UINC.L.
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