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VVLU.AX vs. VHY.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VVLU.AX vs. VHY.AX

Last updated Jul 16, 2026
Documentation

VVLU.AX (Vanguard Global Value Equity Active ETF) and VHY.AX (Vanguard Australian Shares High Yield ETF) are both exchange-traded funds - VVLU.AX is a Global Equities fund actively managed by Vanguard, while VHY.AX is a Dividend fund tracking the FTSE Australia High Dividend Yield Index. VVLU.AX is actively managed, while VHY.AX is passively managed. Over the past 5 years, VVLU.AX returned 13.88%/yr vs 9.87%/yr for VHY.AX. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

VVLU.AX vs. VHY.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard Global Value Equity Active ETF (VVLU.AX) and Vanguard Australian Shares High Yield ETF (VHY.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VVLU.AX achieves a 8.83% return, which is significantly higher than VHY.AX's 8.22% return.

VVLU.AX

1D
1.02%
1M
2.82%
6M
7.37%
YTD
8.83%
1Y
20.98%
3Y*
17.99%
5Y*
13.88%
10Y*
—

VHY.AX

1D
0.20%
1M
-0.91%
6M
9.04%
YTD
8.22%
1Y
15.11%
3Y*
12.91%
5Y*
9.87%
10Y*
9.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VVLU.AX vs. VHY.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VVLU.AX
Vanguard Global Value Equity Active ETF		8.83%18.04%15.87%18.15%0.35%37.99%-11.29%22.31%-14.12%
VHY.AX
Vanguard Australian Shares High Yield ETF		8.22%14.77%9.04%9.83%7.71%16.73%1.71%20.44%-1.83%

Correlation

The correlation between VVLU.AX and VHY.AX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

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

0.43

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

0.51

Correlation (All Time)
Calculated using the full available price history since Apr 17, 2018

0.52

The correlation between VVLU.AX and VHY.AX shifts across timeframes, from 0.40 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

Vanguard Global Value Equity Active ETF

Vanguard Australian Shares High Yield ETF

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Return for Risk

VVLU.AX vs. VHY.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VVLU.AX
VVLU.AX Risk / Return Rank: 6060
Overall Rank
VVLU.AX Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
VVLU.AX Sortino Ratio Rank: 6363
Sortino Ratio Rank
VVLU.AX Omega Ratio Rank: 5959
Omega Ratio Rank
VVLU.AX Calmar Ratio Rank: 5959
Calmar Ratio Rank
VVLU.AX Martin Ratio Rank: 5757
Martin Ratio Rank
VHY.AX
VHY.AX Risk / Return Rank: 5858
Overall Rank
VHY.AX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
VHY.AX Sortino Ratio Rank: 5555
Sortino Ratio Rank
VHY.AX Omega Ratio Rank: 5252
Omega Ratio Rank
VHY.AX Calmar Ratio Rank: 7777
Calmar Ratio Rank
VHY.AX Martin Ratio Rank: 5353
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.

VVLU.AX vs. VHY.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Value Equity Active ETF (VVLU.AX) and Vanguard Australian Shares High Yield ETF (VHY.AX). 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.

VVLU.AXVHY.AXDifference
Sharpe ratioReturn per unit of total volatility
1.63
1.49

+0.14

Sortino ratioReturn per unit of downside risk
2.37
2.15

+0.21

Omega ratioGain probability vs. loss probability

1.29

1.27

+0.03

Calmar ratioReturn relative to maximum drawdown

2.38

3.18

-0.80

Martin ratioReturn relative to average drawdown

8.04

7.34

+0.70

VVLU.AX vs. VHY.AX - Sharpe Ratio Comparison

The current VVLU.AX Sharpe Ratio is 1.63, which is comparable to the VHY.AX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of VVLU.AX and VHY.AX, 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

VVLU.AX vs. VHY.AX - Drawdown Comparison

The maximum VVLU.AX drawdown since its inception was -36.95%, roughly equal to the maximum VHY.AX drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for VVLU.AX and VHY.AX.

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Drawdown Indicators

VVLU.AXVHY.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.95%

-35.54%

-1.41%

Max Drawdown (1Y)

Largest decline over 1 year

-9.30%

-4.84%

-4.46%

Max Drawdown (3Y)

Largest decline over 3 years

-14.80%

-11.68%

-3.12%

Max Drawdown (5Y)

Largest decline over 5 years

-14.80%

-14.41%

-0.39%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.54%

—

Current Drawdown

Current decline from peak

-0.24%

-1.80%

+1.56%

Average Drawdown

Average peak-to-trough decline

-6.22%

-4.87%

-1.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.79%

2.14%

+0.65%

Volatility

VVLU.AX vs. VHY.AX - Volatility Comparison

Vanguard Global Value Equity Active ETF (VVLU.AX) has a higher volatility of 3.57% compared to Vanguard Australian Shares High Yield ETF (VHY.AX) at 2.23%. This indicates that VVLU.AX's price experiences larger fluctuations and is considered to be riskier than VHY.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VVLU.AXVHY.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.57%

2.23%

+1.34%

Volatility (6M)

Calculated over the trailing 6-month period

11.00%

8.14%

+2.86%

Volatility (1Y)

Calculated over the trailing 1-year period

13.69%

10.37%

+3.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.95%

12.70%

+2.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.96%

14.30%

+3.66%

Dividends

VVLU.AX vs. VHY.AX - Dividend Comparison

VVLU.AX's dividend yield for the trailing twelve months is around 10.99%, more than VHY.AX's 2.76% yield.

PositionTTM20252024202320222021202020192018201720162015
VHY.AX
Vanguard Australian Shares High Yield ETF		2.76%8.37%2.92%3.73%5.02%4.84%3.54%5.35%7.81%5.69%3.84%6.40%
VVLU.AX
Vanguard Global Value Equity Active ETF		10.99%7.07%3.21%5.22%2.63%1.36%2.21%2.31%0.46%0.00%0.00%0.00%

Frequently Asked Questions

VVLU.AX and VHY.AX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VVLU.AX is categorized as Global Equities, while VHY.AX is Dividend.

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