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VHYL.L vs. WINC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VHYL.L vs. WINC.L

Last updated Jul 26, 2026
Documentation

VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and WINC.L (iShares World Equity High Income Active UCITS ETF USD (Dist)) are both Dividend funds. VHYL.L is passively managed, while WINC.L is actively managed. Over the past year, VHYL.L returned 25.97% vs 20.88% for WINC.L. Their 0.64 correlation means they have sometimes moved together and sometimes differently. VHYL.L charges 0.29%/yr vs 0.35%/yr for WINC.L.

Performance

VHYL.L vs. WINC.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 iShares World Equity High Income Active UCITS ETF USD (Dist) (WINC.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VHYL.L achieves a 15.27% return, which is significantly higher than WINC.L's 11.26% return.

VHYL.L

1D
0.63%
1M
1.66%
6M
12.63%
YTD
15.27%
1Y
25.97%
3Y*
16.40%
5Y*
12.48%
10Y*
9.90%
ALL TIME*
9.50%

WINC.L

1D
0.23%
1M
0.62%
6M
10.57%
YTD
11.26%
1Y
20.88%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
14.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VHYL.L

Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing
£8.58M£8.10M£7.58M

WINC.L

iShares World Equity High Income Active UCITS ETF USD (Dist)
£1.64M£2.10M£1.52M

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

2026 (YTD)20252024
VHYL.L
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing		15.27%18.23%5.14%
WINC.L
iShares World Equity High Income Active UCITS ETF USD (Dist)		11.26%11.87%9.73%

Correlation

The correlation between VHYL.L and WINC.L is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.63

Correlation (All Time)
Calculated using the full available price history since Mar 27, 2024

0.64

The correlation between VHYL.L and WINC.L has been stable across timeframes, ranging from 0.63 to 0.64 - a consistent structural relationship.

VHYL.L vs. WINC.L - Sectors Allocation Comparison

Sectors
VHYL.L
WINC.L

Financial Services

29.1%
13.6%

Industrials

12.1%
10.7%

Healthcare

11.6%
9.9%

Technology

9.3%
29.2%

Consumer Defensive

8.5%
6.8%

Energy

8.1%
5.3%

Consumer Cyclical

7.0%
7.0%

Utilities

5.5%
4.5%

Basic Materials

4.8%
1.5%

Communication Services

3.1%
10.3%

Real Estate

0.8%
1.3%

Financial Services

VHYL.L
29.1%
WINC.L
13.6%

Industrials

VHYL.L
12.1%
WINC.L
10.7%

Healthcare

VHYL.L
11.6%
WINC.L
9.9%

Technology

VHYL.L
9.3%
WINC.L
29.2%

Consumer Defensive

VHYL.L
8.5%
WINC.L
6.8%

Energy

VHYL.L
8.1%
WINC.L
5.3%

Consumer Cyclical

VHYL.L
7.0%
WINC.L
7.0%

Utilities

VHYL.L
5.5%
WINC.L
4.5%

Basic Materials

VHYL.L
4.8%
WINC.L
1.5%

Communication Services

VHYL.L
3.1%
WINC.L
10.3%

Real Estate

VHYL.L
0.8%
WINC.L
1.3%

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

iShares World Equity High Income Active UCITS ETF USD (Dist)

Often compared with VHYL.L:
VHYL.L vs. VHYD.LVHYL.L vs. VWRP.LVHYL.L vs. FUSD.LVHYL.L vs. VYMVHYL.L vs. IUKD.LVHYL.L vs. TDGB.LVHYL.L vs. VUSA.L
Often compared with WINC.L:
WINC.L vs. UIND.LWINC.L vs. IDUP.LWINC.L vs. GINC.LWINC.L vs. DEMD.LWINC.L vs. UINC.LWINC.L vs. IWDA.LWINC.L vs. TDIV.L

Return for Risk

VHYL.L vs. WINC.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: 9393
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: 9696
Omega Ratio Rank
VHYL.L Calmar Ratio Rank: 8989
Calmar Ratio Rank
VHYL.L Martin Ratio Rank: 8989
Martin Ratio Rank
WINC.L
WINC.L Risk / Return Rank: 8888
Overall Rank
WINC.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
WINC.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
WINC.L Omega Ratio Rank: 8787
Omega Ratio Rank
WINC.L Calmar Ratio Rank: 9090
Calmar Ratio Rank
WINC.L Martin Ratio Rank: 9191
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. WINC.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 iShares World Equity High Income Active UCITS ETF USD (Dist) (WINC.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.

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.LWINC.LDifference
Sharpe ratioReturn per unit of total volatility
3.01
2.08

+0.93

Sortino ratioReturn per unit of downside risk
4.03
2.90

+1.14

Omega ratioGain probability vs. loss probability

1.58

1.38

+0.20

Calmar ratioReturn relative to maximum drawdown

3.74

3.99

-0.25

Martin ratioReturn relative to average drawdown

13.52

14.77

-1.26

VHYL.L vs. WINC.L - Sharpe Ratio Comparison

The current VHYL.L Sharpe Ratio is 3.01, which is higher than the WINC.L Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of VHYL.L and WINC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VHYL.L vs. WINC.L - Drawdown Comparison

The maximum VHYL.L drawdown since its inception was -27.87%, which is greater than WINC.L's maximum drawdown of -16.51%. Use the drawdown chart below to compare losses from any high point for VHYL.L and WINC.L.

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Drawdown Indicators

VHYL.LWINC.LDifference

Max Drawdown

Largest peak-to-trough decline

-27.87%

-16.51%

-11.36%

Max Drawdown (1Y)

Largest decline over 1 year

-6.95%

-5.36%

-1.59%

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

0.00%

-0.46%

+0.46%

Average Drawdown

Average peak-to-trough decline

-3.58%

-2.04%

-1.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

1.45%

+0.48%

Volatility

VHYL.L vs. WINC.L - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) is 2.16%, while iShares World Equity High Income Active UCITS ETF USD (Dist) (WINC.L) has a volatility of 3.71%. This indicates that VHYL.L experiences smaller price fluctuations and is considered to be less risky than WINC.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.LWINC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.16%

3.71%

-1.55%

Volatility (6M)

Calculated over the trailing 6-month period

6.86%

7.45%

-0.59%

Volatility (1Y)

Calculated over the trailing 1-year period

8.65%

10.29%

-1.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.72%

11.61%

-0.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.99%

11.61%

+1.38%

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

VHYL.L has a 0.29% expense ratio, which is lower than WINC.L's 0.35% expense ratio.

Dividends

VHYL.L vs. WINC.L - Dividend Comparison

VHYL.L's dividend yield for the trailing twelve months is around 2.48%, less than WINC.L's 9.81% yield.

PositionTTM20252024202320222021202020192018201720162015
VHYL.L
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing		2.48%2.79%3.08%3.37%3.67%3.08%3.28%3.34%3.63%3.09%2.88%3.20%
WINC.L
iShares World Equity High Income Active UCITS ETF USD (Dist)		9.81%9.75%4.72%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

VHYL.L and WINC.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VHYL.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VHYL.L is cheaper with a 0.29% expense ratio, compared with 0.35% for WINC.L.

They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.29% for VHYL.L and 0.35% for WINC.L.

Portfolio Optimizer

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