VHYL.L vs. VWRD.L
VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and VWRD.L (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - VHYL.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while VWRD.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 10 years, VHYL.L returned 10.73%/yr vs 13.36%/yr for VWRD.L. Their correlation of 0.83 suggests significant overlap in exposure. VHYL.L charges 0.29%/yr vs 0.22%/yr for VWRD.L.
Performance
VHYL.L vs. VWRD.L - Performance Comparison
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Different Trading Currencies
VHYL.L is traded in GBP, while VWRD.L is traded in USD. To make them comparable, the VWRD.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with VHYL.L having a 10.73% return and VWRD.L slightly higher at 10.99%. Over the past 10 years, VHYL.L has underperformed VWRD.L with an annualized return of 10.73%, while VWRD.L has yielded a comparatively higher 13.36% 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%
VWRD.L
- 1D
- -0.94%
- 1M
- 2.85%
- YTD
- 10.99%
- 6M
- 10.88%
- 1Y
- 28.09%
- 3Y*
- 17.61%
- 5Y*
- 12.23%
- 10Y*
- 13.36%
VHYL.L vs. VWRD.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% |
VWRD.L Vanguard FTSE All-World UCITS ETF | 10.99% | 13.67% | 19.71% | 16.20% | -8.46% | 19.64% | 12.72% | 20.89% | -4.34% | 13.59% |
Correlation
The correlation between VHYL.L and VWRD.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 22, 2013 | 0.83 |
The correlation between VHYL.L and VWRD.L shifts across timeframes, from 0.69 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VHYL.L vs. VWRD.L — Risk / Return Rank
VHYL.L
VWRD.L
VHYL.L vs. VWRD.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 UCITS ETF (VWRD.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 | VWRD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.45 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 4.07 | -0.22 |
| Martin ratioReturn relative to average drawdown | 13.90 | 15.65 | -1.76 |
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 | VWRD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.38 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 0.87 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.87 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.88 | -0.18 |
Drawdowns
VHYL.L vs. VWRD.L - Drawdown Comparison
The maximum VHYL.L drawdown since its inception was -27.87%, which is greater than VWRD.L's maximum drawdown of -25.85%. Use the drawdown chart below to compare losses from any high point for VHYL.L and VWRD.L.
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Drawdown Indicators
| VHYL.L | VWRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -25.85% | -2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -6.96% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -12.79% | -18.12% | +5.33% |
Max Drawdown (5Y)Largest decline over 5 years | -12.79% | -18.12% | +5.33% |
Max Drawdown (10Y)Largest decline over 10 years | -27.87% | -25.85% | -2.02% |
Current DrawdownCurrent decline from peak | -0.70% | -1.39% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -3.40% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.81% | +0.12% |
Volatility
VHYL.L vs. VWRD.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 UCITS ETF (VWRD.L) has a volatility of 3.66%. This indicates that VHYL.L experiences smaller price fluctuations and is considered to be less risky than VWRD.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 | VWRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 3.66% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 9.31% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.64% | 11.90% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 14.07% | -3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.06% | 15.28% | -2.22% |
VHYL.L vs. VWRD.L - Expense Ratio Comparison
VHYL.L has a 0.29% expense ratio, which is higher than VWRD.L's 0.22% expense ratio.
Dividends
VHYL.L vs. VWRD.L - Dividend Comparison
VHYL.L's dividend yield for the trailing twelve months is around 2.50%, more than VWRD.L's 1.26% 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% |
VWRD.L Vanguard FTSE All-World UCITS ETF | 1.26% | 1.38% | 1.52% | 1.69% | 2.05% | 1.48% | 1.47% | 1.88% | 2.29% | 1.82% | 2.04% | 2.07% |
Frequently Asked Questions
VHYL.L and VWRD.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWRD.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRD.L is cheaper with a 0.22% expense ratio, compared with 0.29% for VHYL.L.
VHYL.L is categorized as Dividend, while VWRD.L is Global Equities. VHYL.L tracks FTSE All-World High Dividend Yield Index, while VWRD.L tracks FTSE All-World Index. Their fees differ too: 0.29% for VHYL.L and 0.22% for VWRD.L.
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