VHYL.L vs. VUSA.L
VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and VUSA.L (Vanguard S&P 500 UCITS ETF) are both exchange-traded funds - VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while VUSA.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, VHYL.L returned 10.73%/yr vs 16.03%/yr for VUSA.L. Their correlation of 0.82 suggests significant overlap in exposure. VHYL.L charges 0.29%/yr vs 0.07%/yr for VUSA.L.
Performance
VHYL.L vs. VUSA.L - Performance Comparison
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Returns By Period
In the year-to-date period, VHYL.L achieves a 10.73% return, which is significantly higher than VUSA.L's 9.86% return. Over the past 10 years, VHYL.L has underperformed VUSA.L with an annualized return of 10.73%, while VUSA.L has yielded a comparatively higher 16.03% annualized 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%
VUSA.L
- 1D
- -0.60%
- 1M
- 3.38%
- YTD
- 9.86%
- 6M
- 9.24%
- 1Y
- 27.68%
- 3Y*
- 18.87%
- 5Y*
- 14.80%
- 10Y*
- 16.03%
VHYL.L vs. VUSA.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% |
VUSA.L Vanguard S&P 500 UCITS ETF | 9.86% | 9.39% | 27.33% | 19.82% | -9.02% | 30.97% | 13.65% | 26.53% | -0.10% | 10.72% |
Correlation
The correlation between VHYL.L and VUSA.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 | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 22, 2013 | 0.82 |
Over the past year, the correlation between VHYL.L and VUSA.L has dropped to 0.61 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
VHYL.L vs. VUSA.L — Risk / Return Rank
VHYL.L
VUSA.L
VHYL.L vs. VUSA.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 (VUSA.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 | VUSA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.49 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.96 | -0.11 |
| Martin ratioReturn relative to average drawdown | 13.90 | 14.59 | -0.69 |
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 | VUSA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.65 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 1.03 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 1.02 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 1.07 | -0.37 |
Drawdowns
VHYL.L vs. VUSA.L - Drawdown Comparison
The maximum VHYL.L drawdown since its inception was -27.87%, which is greater than VUSA.L's maximum drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for VHYL.L and VUSA.L.
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Drawdown Indicators
| VHYL.L | VUSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -25.48% | -2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -7.10% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -12.79% | -20.93% | +8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -12.79% | -20.93% | +8.14% |
Max Drawdown (10Y)Largest decline over 10 years | -27.87% | -25.48% | -2.39% |
Current DrawdownCurrent decline from peak | -0.70% | -0.82% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -3.16% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.93% | 0.00% |
Volatility
VHYL.L vs. VUSA.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 S&P 500 UCITS ETF (VUSA.L) has a volatility of 2.65%. This indicates that VHYL.L experiences smaller price fluctuations and is considered to be less risky than VUSA.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 | VUSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 2.65% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 7.15% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.64% | 10.60% | -1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 14.29% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.06% | 15.65% | -2.59% |
VHYL.L vs. VUSA.L - Expense Ratio Comparison
VHYL.L has a 0.29% expense ratio, which is higher than VUSA.L's 0.07% expense ratio.
Dividends
VHYL.L vs. VUSA.L - Dividend Comparison
VHYL.L's dividend yield for the trailing twelve months is around 2.50%, more than VUSA.L's 0.87% yield.
| 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% |
VUSA.L Vanguard S&P 500 UCITS ETF | 0.87% | 0.95% | 1.00% | 1.24% | 1.41% | 1.04% | 1.44% | 1.50% | 1.72% | 1.61% | 1.58% | 1.74% |
Frequently Asked Questions
VHYL.L and VUSA.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, VUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSA.L is cheaper with a 0.07% expense ratio, compared with 0.29% for VHYL.L.
VHYL.L is categorized as Dividend, while VUSA.L is S&P 500. VHYL.L tracks FTSE All-World High Dividend Yield Index, while VUSA.L tracks S&P 500 Index. Their fees differ too: 0.29% for VHYL.L and 0.07% for VUSA.L.
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