VHYL.L vs. USDV.L
VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while USDV.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, VHYL.L returned 11.06%/yr vs 9.69%/yr for USDV.L. Their correlation of 0.81 suggests significant overlap in exposure. VHYL.L charges 0.29%/yr vs 0.35%/yr for USDV.L.
Performance
VHYL.L vs. USDV.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 USDV.L's 9.61% return. Over the past 10 years, VHYL.L has outperformed USDV.L with an annualized return of 11.06%, while USDV.L has yielded a comparatively lower 9.69% 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%
USDV.L
- 1D
- 0.43%
- 1M
- 4.77%
- YTD
- 9.61%
- 6M
- 8.37%
- 1Y
- 16.18%
- 3Y*
- 7.55%
- 5Y*
- 7.23%
- 10Y*
- 9.69%
VHYL.L vs. USDV.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% |
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 9.61% | 1.15% | 9.34% | -3.51% | 11.56% | 26.74% | -2.72% | 18.93% | 1.52% | 5.36% |
Correlation
The correlation between VHYL.L and USDV.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 | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 21, 2013 | 0.81 |
Over the past year, the correlation between VHYL.L and USDV.L has dropped to 0.61 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
VHYL.L vs. USDV.L — Risk / Return Rank
VHYL.L
USDV.L
VHYL.L vs. USDV.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 US Dividend Aristocrats UCITS ETF Dis (USDV.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 | USDV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.29 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 2.44 | +1.64 |
| Martin ratioReturn relative to average drawdown | 14.75 | 6.25 | +8.50 |
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Drawdowns
VHYL.L vs. USDV.L - Drawdown Comparison
The maximum VHYL.L drawdown since its inception was -27.87%, smaller than the maximum USDV.L drawdown of -37.29%. Use the drawdown chart below to compare losses from any high point for VHYL.L and USDV.L.
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Drawdown Indicators
| VHYL.L | USDV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -37.29% | +9.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -6.60% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -12.79% | -16.30% | +3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -12.79% | -16.30% | +3.51% |
Max Drawdown (10Y)Largest decline over 10 years | -27.87% | -27.79% | -0.08% |
Current DrawdownCurrent decline from peak | 0.00% | -1.54% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -7.47% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.58% | -0.65% |
Volatility
VHYL.L vs. USDV.L - Volatility Comparison
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) have volatilities of 2.33% and 2.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHYL.L | USDV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 2.45% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.99% | 7.19% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.75% | 9.63% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.78% | 12.80% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.07% | 15.32% | -2.25% |
VHYL.L vs. USDV.L - Expense Ratio Comparison
VHYL.L has a 0.29% expense ratio, which is lower than USDV.L's 0.35% expense ratio.
Dividends
VHYL.L vs. USDV.L - Dividend Comparison
VHYL.L's dividend yield for the trailing twelve months is around 2.46%, more than USDV.L's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 2.00% | 2.20% | 1.99% | 2.28% | 2.11% | 2.13% | 2.57% | 2.07% | 2.19% | 1.85% | 1.65% | 2.00% |
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 USDV.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 0.35% for USDV.L.
VHYL.L is categorized as Dividend, while USDV.L is Large Cap Blend Equities. VHYL.L tracks FTSE All-World High Dividend Yield Index, while USDV.L tracks S&P High Yield Dividend Aristocrats Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.29% for VHYL.L and 0.35% for USDV.L.
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