VHYL.L vs. VHYA.L
VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and VHYA.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation) are both Dividend funds from Vanguard tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, VHYL.L returned 11.46%/yr vs 11.68%/yr for VHYA.L. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.29% expense ratio.
Performance
VHYL.L vs. VHYA.L - Performance Comparison
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Different Trading Currencies
VHYL.L is traded in GBP, while VHYA.L is traded in USD. To make them comparable, the VHYA.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 10.73% return, which is significantly lower than VHYA.L's 11.83% 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%
VHYA.L
- 1D
- 0.00%
- 1M
- 3.59%
- YTD
- 11.83%
- 6M
- 13.39%
- 1Y
- 27.85%
- 3Y*
- 15.96%
- 5Y*
- 11.68%
- 10Y*
- —
VHYL.L vs. VHYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 1.59% |
VHYA.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation | 11.83% | 17.96% | 11.17% | 5.73% | 5.90% | 18.89% | -3.15% | 1.68% |
Correlation
The correlation between VHYL.L and VHYA.L is 0.74, 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 | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019 | 0.86 |
The correlation between VHYL.L and VHYA.L shifts across timeframes, from 0.74 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VHYL.L vs. VHYA.L — Risk / Return Rank
VHYL.L
VHYA.L
VHYL.L vs. VHYA.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 Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation (VHYA.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 | VHYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.46 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.92 | -0.07 |
| Martin ratioReturn relative to average drawdown | 13.90 | 14.91 | -1.02 |
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 | VHYA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.52 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 0.94 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.67 | +0.03 |
Drawdowns
VHYL.L vs. VHYA.L - Drawdown Comparison
The maximum VHYL.L drawdown since its inception was -27.87%, roughly equal to the maximum VHYA.L drawdown of -28.53%. Use the drawdown chart below to compare losses from any high point for VHYL.L and VHYA.L.
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Drawdown Indicators
| VHYL.L | VHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -28.53% | +0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -7.25% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -12.79% | -12.61% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -12.79% | -12.61% | -0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -27.87% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | 0.00% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -3.58% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.91% | +0.02% |
Volatility
VHYL.L vs. VHYA.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) is 1.83%, while Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation (VHYA.L) has a volatility of 2.80%. This indicates that VHYL.L experiences smaller price fluctuations and is considered to be less risky than VHYA.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 | VHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 2.80% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 8.50% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.64% | 11.29% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 12.39% | -1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.06% | 15.21% | -2.15% |
VHYL.L vs. VHYA.L - Expense Ratio Comparison
Both VHYL.L and VHYA.L have an expense ratio of 0.29%.
Dividends
VHYL.L vs. VHYA.L - Dividend Comparison
VHYL.L's dividend yield for the trailing twelve months is around 2.50%, while VHYA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHYA.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation | 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 | 2.50% | 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 VHYA.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VHYL.L and VHYA.L have the same expense ratio: 0.29% per year.
Both ETFs track FTSE All-World High Dividend Yield Index.
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