VHYL.L vs. VHYD.L
VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while VHYD.L is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 10 years, VHYL.L returned 10.73%/yr vs 10.70%/yr for VHYD.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.29% expense ratio.
Performance
VHYL.L vs. VHYD.L - Performance Comparison
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Different Trading Currencies
VHYL.L is traded in GBP, while VHYD.L is traded in USD. To make them comparable, the VHYD.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 VHYD.L's 11.71% return. Both investments have delivered pretty close results over the past 10 years, with VHYL.L having a 10.73% annualized return and VHYD.L not far behind at 10.70%.
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%
VHYD.L
- 1D
- 0.06%
- 1M
- 3.61%
- YTD
- 11.71%
- 6M
- 12.96%
- 1Y
- 27.90%
- 3Y*
- 15.85%
- 5Y*
- 11.63%
- 10Y*
- 10.70%
VHYL.L vs. VHYD.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% |
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 11.71% | 17.98% | 11.23% | 5.86% | 5.79% | 18.96% | -3.24% | 16.16% | -6.48% | 9.01% |
Correlation
The correlation between VHYL.L and VHYD.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 22, 2013 | 0.89 |
The correlation between VHYL.L and VHYD.L has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
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Return for Risk
VHYL.L vs. VHYD.L — Risk / Return Rank
VHYL.L
VHYD.L
VHYL.L vs. VHYD.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 Distributing (VHYD.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 | VHYD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.54 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 4.12 | -0.27 |
| Martin ratioReturn relative to average drawdown | 13.90 | 15.22 | -1.32 |
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 | VHYD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.84 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 0.95 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.72 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.63 | +0.07 |
Drawdowns
VHYL.L vs. VHYD.L - Drawdown Comparison
The maximum VHYL.L drawdown since its inception was -27.87%, smaller than the maximum VHYD.L drawdown of -29.43%. Use the drawdown chart below to compare losses from any high point for VHYL.L and VHYD.L.
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Drawdown Indicators
| VHYL.L | VHYD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -29.43% | +1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -6.91% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -12.79% | -12.99% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -12.79% | -12.99% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -27.87% | -29.43% | +1.56% |
Current DrawdownCurrent decline from peak | -0.70% | 0.00% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -3.70% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.87% | +0.06% |
Volatility
VHYL.L vs. VHYD.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 Distributing (VHYD.L) has a volatility of 2.68%. This indicates that VHYL.L experiences smaller price fluctuations and is considered to be less risky than VHYD.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 | VHYD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 2.68% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 8.18% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.64% | 10.02% | -1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 12.24% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.06% | 14.77% | -1.71% |
VHYL.L vs. VHYD.L - Expense Ratio Comparison
Both VHYL.L and VHYD.L have an expense ratio of 0.29%.
Dividends
VHYL.L vs. VHYD.L - Dividend Comparison
VHYL.L's dividend yield for the trailing twelve months is around 2.50%, which matches VHYD.L's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.50% | 2.77% | 3.15% | 3.31% | 3.72% | 3.14% | 2.90% | 3.23% | 3.77% | 2.96% | 3.16% | 3.32% |
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 VHYD.L have a correlation of 0.88, 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 VHYD.L have the same expense ratio: 0.29% per year.
VHYL.L is categorized as Dividend, while VHYD.L is Global Equities. Both ETFs track FTSE All-World High Dividend Yield Index.
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