VHYL.L vs. VUAA.L

Last updated Jun 8, 2026

VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and VUAA.L (Vanguard S&P 500 UCITS ETF USD Accumulation) are both exchange-traded funds - VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while VUAA.L is a S&P 500 fund tracking the S&P 500 Net Total Return. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. VHYL.L charges 0.29%/yr vs 0.07%/yr for VUAA.L.

Performance

VHYL.L vs. VUAA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) and Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VHYL.L is traded in GBP, while VUAA.L is traded in USD. To make them comparable, the VUAA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with VHYL.L having a 10.73% return and VUAA.L slightly lower at 10.23%.

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%

VUAA.L

• 1D: -0.45%
• 1M: 3.67%
• YTD: 10.23%
• 6M: 9.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VHYL.L vs. VUAA.L - Yearly Performance Comparison

	2026 (YTD)	2025
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	10.73%	14.58%
VUAA.L Vanguard S&P 500 UCITS ETF USD Accumulation	10.23%	16.08%

Correlation

The correlation between VHYL.L and VUAA.L is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	0.59

Return for Risk

VHYL.L vs. VUAA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VHYL.L

VHYL.L Risk / Return Rank: 88
VHYL.L Sharpe Ratio Rank: 93
VHYL.L Sortino Ratio Rank: 93
VHYL.L Omega Ratio Rank: 93
VHYL.L Calmar Ratio Rank: 81
VHYL.L Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VHYL.L vs. VUAA.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 S&P 500 UCITS ETF USD Accumulation (VUAA.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	VUAA.L	Difference
Sharpe ratio: Return per unit of total volatility	3.10	—	—
Sortino ratio: Return per unit of downside risk	4.18	—	—
Omega ratio: Gain probability vs. loss probability	1.59	—	—
Calmar ratio: Return relative to maximum drawdown	3.85	—	—
Martin ratio: Return relative to average drawdown	13.90	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VHYL.L	VUAA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	—	—
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	2.34	-1.64

Drawdowns

VHYL.L vs. VUAA.L - Drawdown Comparison

The maximum VHYL.L drawdown since its inception was -27.87%, which is greater than VUAA.L's maximum drawdown of -7.23%. Use the drawdown chart below to compare losses from any high point for VHYL.L and VUAA.L.

Drawdown Indicators

	VHYL.L	VUAA.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.87%	-7.23%	-20.64%
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.79%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.87%	—	—
Current Drawdown Current decline from peak	-0.70%	-0.67%	-0.03%
Average Drawdown Average peak-to-trough decline	-3.61%	-1.51%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	2.14%	-0.21%

Volatility

Volatility by Period

	VHYL.L	VUAA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.64%	11.98%	-3.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.76%	11.98%	-1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.06%	11.98%	+1.08%

VHYL.L vs. VUAA.L - Expense Ratio Comparison

VHYL.L has a 0.29% expense ratio, which is higher than VUAA.L's 0.07% expense ratio.

Dividends

VHYL.L vs. VUAA.L - Dividend Comparison

VHYL.L's dividend yield for the trailing twelve months is around 2.50%, while VUAA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VUAA.L Vanguard S&P 500 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%

Frequently Asked Questions

Can I hold both VHYL.L and VUAA.L in my portfolio?

VHYL.L and VUAA.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VHYL.L or VUAA.L?

On fees, VUAA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VHYL.L or VUAA.L?

VUAA.L is cheaper with a 0.07% expense ratio, compared with 0.29% for VHYL.L.

What is the main difference between VHYL.L and VUAA.L?

VHYL.L is categorized as Dividend, while VUAA.L is S&P 500. VHYL.L tracks FTSE All-World High Dividend Yield Index, while VUAA.L tracks S&P 500 Net Total Return. Their fees differ too: 0.29% for VHYL.L and 0.07% for VUAA.L.