PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VHYL.L vs. VYM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VHYL.L vs. VYM

Last updated Jul 7, 2026
See Documentation

VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and VYM (Vanguard High Dividend Yield ETF) are both Dividend funds from Vanguard - VHYL.L tracks the FTSE All-World High Dividend Yield Index while VYM tracks the FTSE High Dividend Yield Index. Both are passively managed. Over the past 10 years, VHYL.L returned 9.91%/yr vs 11.26%/yr for VYM. A 0.61 correlation means they provide meaningful diversification when combined. VHYL.L charges 0.29%/yr vs 0.04%/yr for VYM.

Performance

VHYL.L vs. VYM - 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 High Dividend Yield ETF (VYM). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

VHYL.L is traded in GBP, while VYM is traded in USD. To make them comparable, the VYM 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 13.90% return and VYM slightly lower at 13.61%. Over the past 10 years, VHYL.L has underperformed VYM with an annualized return of 9.91%, while VYM has yielded a comparatively higher 11.26% annualized return.

VHYL.L

1D
0.07%
1M
2.36%
6M
13.20%
YTD
13.90%
1Y
27.86%
3Y*
17.68%
5Y*
12.14%
10Y*
9.91%

VYM

1D
0.08%
1M
1.42%
6M
12.38%
YTD
13.61%
1Y
23.19%
3Y*
16.75%
5Y*
12.77%
10Y*
11.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VHYL.L vs. VYM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VHYL.L
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing		13.90%18.23%11.22%5.25%5.95%19.23%-3.53%17.00%-6.59%8.80%
VYM
Vanguard High Dividend Yield ETF		13.61%7.20%19.65%1.25%11.40%27.39%-1.83%19.34%-0.34%6.35%

Correlation

The correlation between VHYL.L and VYM is 0.53, 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

0.53

Correlation (3Y)
Calculated over the trailing 3-year period

0.54

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (10Y)
Calculated over the trailing 10-year period

0.59

Correlation (All Time)
Calculated using the full available price history since May 21, 2013

0.61

The correlation between VHYL.L and VYM has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.

VHYL.L vs. VYM - Sectors Allocation Comparison

Sectors
VHYL.L
VYM

Financial Services

28.2%
19.9%

Industrials

12.2%
11.8%

Healthcare

11.1%
12.2%

Technology

9.5%
20.3%

Energy

8.7%
9.1%

Consumer Defensive

8.5%
8.0%

Consumer Cyclical

7.2%
6.6%

Utilities

5.3%
5.4%

Basic Materials

5.2%
3.4%

Communication Services

3.4%
3.4%

Real Estate

0.8%
0.0%

Financial Services

VHYL.L
28.2%
VYM
19.9%

Industrials

VHYL.L
12.2%
VYM
11.8%

Healthcare

VHYL.L
11.1%
VYM
12.2%

Technology

VHYL.L
9.5%
VYM
20.3%

Energy

VHYL.L
8.7%
VYM
9.1%

Consumer Defensive

VHYL.L
8.5%
VYM
8.0%

Consumer Cyclical

VHYL.L
7.2%
VYM
6.6%

Utilities

VHYL.L
5.3%
VYM
5.4%

Basic Materials

VHYL.L
5.2%
VYM
3.4%

Communication Services

VHYL.L
3.4%
VYM
3.4%

Real Estate

VHYL.L
0.8%
VYM
0.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing

Vanguard High Dividend Yield ETF

Often compared with VHYL.L:
VHYL.L vs. VHYD.LVHYL.L vs. VWRP.LVHYL.L vs. DGRG.LVHYL.L vs. TDGB.LVHYL.L vs. VUSA.LVHYL.L vs. IUKD.LVHYL.L vs. GBDV.L
Often compared with VYM:
VYM vs. SCHDVYM vs. VIGVYM vs. VYMIVYM vs. FDVVVYM vs. VOOVYM vs. VTIVYM vs. DGRO

Return for Risk

VHYL.L vs. VYM — 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: 9191
Overall Rank
VHYL.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
VHYL.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
VHYL.L Omega Ratio Rank: 9595
Omega Ratio Rank
VHYL.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
VHYL.L Martin Ratio Rank: 8585
Martin Ratio Rank
VYM
VYM Risk / Return Rank: 7878
Overall Rank
VYM Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
VYM Sortino Ratio Rank: 8181
Sortino Ratio Rank
VYM Omega Ratio Rank: 7777
Omega Ratio Rank
VYM Calmar Ratio Rank: 7575
Calmar Ratio Rank
VYM Martin Ratio Rank: 7676
Martin Ratio Rank
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. VYM - 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 High Dividend Yield ETF (VYM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

VHYL.LVYMDifference
Sharpe ratioReturn per unit of total volatility
3.22
2.30

+0.92

Sortino ratioReturn per unit of downside risk
4.34
3.10

+1.24

Omega ratioGain probability vs. loss probability

1.62

1.41

+0.21

Calmar ratioReturn relative to maximum drawdown

3.99

4.32

-0.33

Martin ratioReturn relative to average drawdown

14.42

15.57

-1.15

VHYL.L vs. VYM - Sharpe Ratio Comparison

The current VHYL.L Sharpe Ratio is 3.22, which is higher than the VYM Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of VHYL.L and VYM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

VHYL.L vs. VYM - Drawdown Comparison

The maximum VHYL.L drawdown since its inception was -27.87%, smaller than the maximum VYM drawdown of -38.23%. Use the drawdown chart below to compare losses from any high point for VHYL.L and VYM.

Loading charts...

Drawdown Indicators

VHYL.LVYMDifference

Max Drawdown

Largest peak-to-trough decline

-27.87%

-38.23%

+10.36%

Max Drawdown (1Y)

Largest decline over 1 year

-6.95%

-5.40%

-1.55%

Max Drawdown (3Y)

Largest decline over 3 years

-12.79%

-17.47%

+4.68%

Max Drawdown (5Y)

Largest decline over 5 years

-12.79%

-17.47%

+4.68%

Max Drawdown (10Y)

Largest decline over 10 years

-27.87%

-27.08%

-0.79%

Current Drawdown

Current decline from peak

0.00%

-0.73%

+0.73%

Average Drawdown

Average peak-to-trough decline

-3.59%

-5.29%

+1.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

1.49%

+0.44%

Volatility

VHYL.L vs. VYM - Volatility Comparison

Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) and Vanguard High Dividend Yield ETF (VYM) have volatilities of 2.12% and 2.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VHYL.LVYMDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.12%

2.17%

-0.05%

Volatility (6M)

Calculated over the trailing 6-month period

6.92%

7.52%

-0.60%

Volatility (1Y)

Calculated over the trailing 1-year period

8.63%

10.17%

-1.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.76%

13.41%

-2.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.99%

16.60%

-3.61%

VHYL.L vs. VYM - Expense Ratio Comparison

VHYL.L has a 0.29% expense ratio, which is higher than VYM's 0.04% expense ratio.

Dividends

VHYL.L vs. VYM - Dividend Comparison

VHYL.L's dividend yield for the trailing twelve months is around 2.51%, more than VYM's 2.27% yield.

PositionTTM20252024202320222021202020192018201720162015
VHYL.L
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing		2.51%2.79%3.08%3.37%3.67%3.08%3.28%3.34%3.63%3.09%2.88%3.20%
VYM
Vanguard High Dividend Yield ETF		2.27%2.44%2.74%3.12%3.01%2.76%3.18%3.03%3.40%2.80%2.91%3.22%

Frequently Asked Questions

VHYL.L and VYM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VYM is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VYM is cheaper with a 0.04% expense ratio, compared with 0.29% for VHYL.L.

VHYL.L tracks FTSE All-World High Dividend Yield Index, while VYM tracks FTSE High Dividend Yield Index. Their fees differ too: 0.29% for VHYL.L and 0.04% for VYM.

Portfolio Optimizer

Find the right allocation for VHYL.L and VYM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer