VNRT.AS vs. VHYL.AS

Last updated Jun 4, 2026

VNRT.AS (Vanguard FTSE North America UCITS ETF) and VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) are both exchange-traded funds - VNRT.AS is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 10 years, VNRT.AS returned 14.82%/yr vs 9.71%/yr for VHYL.AS. A 0.80 correlation means they provide meaningful diversification when combined. VNRT.AS charges 0.10%/yr vs 0.29%/yr for VHYL.AS.

Performance

VNRT.AS vs. VHYL.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE North America UCITS ETF (VNRT.AS) and Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VNRT.AS achieves a 11.28% return, which is significantly lower than VHYL.AS's 12.38% return. Over the past 10 years, VNRT.AS has outperformed VHYL.AS with an annualized return of 14.82%, while VHYL.AS has yielded a comparatively lower 9.71% annualized return.

VNRT.AS

• 1D: -0.22%
• 1M: 6.09%
• YTD: 11.28%
• 6M: 11.69%
• 1Y: 25.46%
• 3Y*: 19.30%
• 5Y*: 14.36%
• 10Y*: 14.82%

VHYL.AS

• 1D: -0.05%
• 1M: 3.77%
• YTD: 12.38%
• 6M: 14.62%
• 1Y: 24.71%
• 3Y*: 15.79%
• 5Y*: 11.46%
• 10Y*: 9.71%

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

VNRT.AS vs. VHYL.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VNRT.AS Vanguard FTSE North America UCITS ETF	11.28%	5.05%	33.00%	21.72%	-14.59%	38.18%	9.34%	33.03%	-1.13%	6.64%
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	12.38%	12.40%	16.77%	7.02%	0.17%	27.85%	-8.79%	22.93%	-7.01%	4.82%

Correlation

The correlation between VNRT.AS and VHYL.AS 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 (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.80

Over the past year, the correlation between VNRT.AS and VHYL.AS has dropped to 0.59 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

VNRT.AS vs. VHYL.AS — Risk / Return Rank

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

VNRT.AS

VNRT.AS Risk / Return Rank: 69
VNRT.AS Sharpe Ratio Rank: 68
VNRT.AS Sortino Ratio Rank: 64
VNRT.AS Omega Ratio Rank: 73
VNRT.AS Calmar Ratio Rank: 71
VNRT.AS Martin Ratio Rank: 69

VHYL.AS

VHYL.AS Risk / Return Rank: 80
VHYL.AS Sharpe Ratio Rank: 81
VHYL.AS Sortino Ratio Rank: 83
VHYL.AS Omega Ratio Rank: 81
VHYL.AS Calmar Ratio Rank: 79
VHYL.AS 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.

VNRT.AS vs. VHYL.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE North America UCITS ETF (VNRT.AS) and Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS). 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.

	VNRT.AS	VHYL.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.23	2.68	-0.45
Sortino ratio: Return per unit of downside risk	2.98	3.77	-0.79
Omega ratio: Gain probability vs. loss probability	1.43	1.50	-0.07
Calmar ratio: Return relative to maximum drawdown	3.55	4.11	-0.56
Martin ratio: Return relative to average drawdown	12.73	15.70	-2.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VNRT.AS vs. VHYL.AS - Sharpe Ratio Comparison

The current VNRT.AS Sharpe Ratio is 2.23, which is comparable to the VHYL.AS Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of VNRT.AS and VHYL.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VNRT.AS	VHYL.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	2.68	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.98	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.70	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.65	-0.18

Drawdowns

VNRT.AS vs. VHYL.AS - Drawdown Comparison

The maximum VNRT.AS drawdown since its inception was -34.35%, roughly equal to the maximum VHYL.AS drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for VNRT.AS and VHYL.AS.

Drawdown Indicators

	VNRT.AS	VHYL.AS	Difference
Max Drawdown Largest peak-to-trough decline	-34.35%	-34.08%	-0.27%
Max Drawdown (1Y) Largest decline over 1 year	-7.07%	-5.93%	-1.14%
Max Drawdown (3Y) Largest decline over 3 years	-23.09%	-16.76%	-6.33%
Max Drawdown (5Y) Largest decline over 5 years	-23.09%	-16.76%	-6.33%
Max Drawdown (10Y) Largest decline over 10 years	-34.35%	-34.08%	-0.27%
Current Drawdown Current decline from peak	-0.22%	-0.44%	+0.22%
Average Drawdown Average peak-to-trough decline	-5.94%	-4.34%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	1.56%	+0.42%

Volatility

VNRT.AS vs. VHYL.AS - Volatility Comparison

Vanguard FTSE North America UCITS ETF (VNRT.AS) has a higher volatility of 2.68% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) at 2.40%. This indicates that VNRT.AS's price experiences larger fluctuations and is considered to be riskier than VHYL.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNRT.AS	VHYL.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	2.40%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	7.63%	6.96%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	9.13%	+2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.13%	11.57%	+3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.27%	13.59%	+3.68%

VNRT.AS vs. VHYL.AS - Expense Ratio Comparison

VNRT.AS has a 0.10% expense ratio, which is lower than VHYL.AS's 0.29% expense ratio.

Dividends

VNRT.AS vs. VHYL.AS - Dividend Comparison

VNRT.AS's dividend yield for the trailing twelve months is around 0.87%, less than VHYL.AS's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	2.49%	2.85%	3.03%	3.40%	3.78%	3.03%	3.08%	3.24%	3.68%	3.13%	3.02%	3.25%
VNRT.AS Vanguard FTSE North America UCITS ETF	0.87%	0.98%	0.99%	1.25%	1.45%	1.00%	1.42%	1.44%	1.77%	1.64%	1.58%	1.70%

Frequently Asked Questions

Can I hold both VNRT.AS and VHYL.AS in my portfolio?

VNRT.AS and VHYL.AS 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, VNRT.AS or VHYL.AS?

On fees, VNRT.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VNRT.AS or VHYL.AS?

VNRT.AS is cheaper with a 0.10% expense ratio, compared with 0.29% for VHYL.AS.

What is the main difference between VNRT.AS and VHYL.AS?

VNRT.AS is categorized as Large Cap Blend Equities, while VHYL.AS is Global Equities. VNRT.AS tracks Russell 1000 TR USD, while VHYL.AS tracks FTSE All-World High Dividend Yield Index. Their fees differ too: 0.10% for VNRT.AS and 0.29% for VHYL.AS.