VHYL.L vs. UKDV.L
VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and UKDV.L (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while UKDV.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, VHYL.L returned 11.06%/yr vs 5.23%/yr for UKDV.L. A 0.66 correlation means they provide meaningful diversification when combined. VHYL.L charges 0.29%/yr vs 0.30%/yr for UKDV.L.
Performance
VHYL.L vs. UKDV.L - Performance Comparison
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Returns By Period
In the year-to-date period, VHYL.L achieves a 12.68% return, which is significantly higher than UKDV.L's 7.18% return. Over the past 10 years, VHYL.L has outperformed UKDV.L with an annualized return of 11.06%, while UKDV.L has yielded a comparatively lower 5.23% annualized return.
VHYL.L
- 1D
- 1.53%
- 1M
- 3.44%
- YTD
- 12.68%
- 6M
- 13.55%
- 1Y
- 28.52%
- 3Y*
- 16.13%
- 5Y*
- 11.89%
- 10Y*
- 11.06%
UKDV.L
- 1D
- 1.42%
- 1M
- 4.14%
- YTD
- 7.18%
- 6M
- 10.38%
- 1Y
- 14.74%
- 3Y*
- 12.49%
- 5Y*
- 7.11%
- 10Y*
- 5.23%
VHYL.L vs. UKDV.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 | 12.68% | 18.23% | 11.22% | 5.25% | 5.95% | 19.23% | -3.53% | 17.00% | -6.59% | 8.80% |
UKDV.L SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 7.18% | 16.89% | 10.35% | 5.75% | -8.09% | 14.13% | -17.26% | 32.17% | -15.39% | 3.71% |
Correlation
The correlation between VHYL.L and UKDV.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 21, 2013 | 0.66 |
The correlation between VHYL.L and UKDV.L has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
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Return for Risk
VHYL.L vs. UKDV.L — Risk / Return Rank
VHYL.L
UKDV.L
VHYL.L vs. UKDV.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 SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.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 | UKDV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.19 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 1.40 | +2.68 |
| Martin ratioReturn relative to average drawdown | 14.75 | 4.73 | +10.02 |
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Drawdowns
VHYL.L vs. UKDV.L - Drawdown Comparison
The maximum VHYL.L drawdown since its inception was -27.87%, smaller than the maximum UKDV.L drawdown of -38.19%. Use the drawdown chart below to compare losses from any high point for VHYL.L and UKDV.L.
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Drawdown Indicators
| VHYL.L | UKDV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -38.19% | +10.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -10.48% | +3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -12.79% | -13.06% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -12.79% | -18.56% | +5.77% |
Max Drawdown (10Y)Largest decline over 10 years | -27.87% | -38.19% | +10.32% |
Current DrawdownCurrent decline from peak | 0.00% | -0.56% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -7.66% | +4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 3.11% | -1.18% |
Volatility
VHYL.L vs. UKDV.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) is 2.33%, while SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) has a volatility of 4.55%. This indicates that VHYL.L experiences smaller price fluctuations and is considered to be less risky than UKDV.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 | UKDV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 4.55% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 6.99% | 11.74% | -4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.75% | 13.70% | -4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.78% | 14.24% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.07% | 15.84% | -2.77% |
VHYL.L vs. UKDV.L - Expense Ratio Comparison
VHYL.L has a 0.29% expense ratio, which is lower than UKDV.L's 0.30% expense ratio.
Dividends
VHYL.L vs. UKDV.L - Dividend Comparison
VHYL.L's dividend yield for the trailing twelve months is around 2.46%, less than UKDV.L's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UKDV.L SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 3.41% | 3.65% | 3.40% | 3.65% | 4.54% | 3.64% | 3.27% | 4.05% | 4.67% | 3.78% | 4.28% | 3.99% |
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.46% | 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 UKDV.L have a correlation of 0.61, 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 UKDV.L.
VHYL.L is categorized as Dividend, while UKDV.L is Europe Equities. VHYL.L tracks FTSE All-World High Dividend Yield Index, while UKDV.L tracks FTSE AllSh TR GBP. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.29% for VHYL.L and 0.30% for UKDV.L.
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