VWRA.L vs. VHYG.L

Last updated Jun 5, 2026

VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) and VHYG.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF) are both Global Equities funds from Vanguard - VWRA.L tracks the FTSE All-World Index while VHYG.L tracks the MSCI World High Dividend Yield NR USD. Both are passively managed. Over the past 5 years, VWRA.L returned 11.25%/yr vs 10.51%/yr for VHYG.L. A 0.79 correlation means they provide meaningful diversification when combined. VWRA.L charges 0.22%/yr vs 0.29%/yr for VHYG.L.

Performance

VWRA.L vs. VHYG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VWRA.L is traded in USD, while VHYG.L is traded in GBP. To make them comparable, the VHYG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with VWRA.L having a 11.59% return and VHYG.L slightly lower at 11.35%.

VWRA.L

• 1D: -0.08%
• 1M: 4.27%
• YTD: 11.59%
• 6M: 13.04%
• 1Y: 28.67%
• 3Y*: 21.09%
• 5Y*: 11.25%
• 10Y*: —

VHYG.L

• 1D: 0.41%
• 1M: 3.05%
• YTD: 11.35%
• 6M: 14.04%
• 1Y: 27.29%
• 3Y*: 18.98%
• 5Y*: 10.51%
• 10Y*: —

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

VWRA.L vs. VHYG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating	11.59%	22.45%	17.65%	22.28%	-18.11%	18.46%	16.19%	8.07%
VHYG.L Vanguard FTSE All-World High Dividend Yield UCITS ETF	11.35%	27.29%	9.14%	10.55%	-5.15%	18.20%	-0.65%	-13.19%

Correlation

The correlation between VWRA.L and VHYG.L is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019	0.79

The correlation between VWRA.L and VHYG.L shifts across timeframes, from 0.67 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

VWRA.L vs. VHYG.L - Sectors Allocation Comparison

Sectors	VWRA.L	VHYG.L
Technology	31.1%	7.7%
Financial Services	16.0%	28.6%
Industrials	9.8%	12.3%
Communication Services	9.1%	3.5%
Consumer Cyclical	9.1%	7.0%
Healthcare	8.2%	11.2%
Consumer Defensive	4.8%	8.7%
Energy	4.3%	9.4%
Basic Materials	3.3%	5.1%
Utilities	2.7%	5.7%
Real Estate	1.4%	0.9%

Return for Risk

VWRA.L vs. VHYG.L — Risk / Return Rank

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

VWRA.L

VWRA.L Risk / Return Rank: 72
VWRA.L Sharpe Ratio Rank: 72
VWRA.L Sortino Ratio Rank: 77
VWRA.L Omega Ratio Rank: 72
VWRA.L Calmar Ratio Rank: 66
VWRA.L Martin Ratio Rank: 74

VHYG.L

VHYG.L Risk / Return Rank: 86
VHYG.L Sharpe Ratio Rank: 90
VHYG.L Sortino Ratio Rank: 90
VHYG.L Omega Ratio Rank: 90
VHYG.L Calmar Ratio Rank: 80
VHYG.L Martin Ratio Rank: 78

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.

VWRA.L vs. VHYG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.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.

	VWRA.L	VHYG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.58	-0.27
Sortino ratio: Return per unit of downside risk	3.42	3.54	-0.12
Omega ratio: Gain probability vs. loss probability	1.43	1.46	-0.03
Calmar ratio: Return relative to maximum drawdown	3.25	3.47	-0.22
Martin ratio: Return relative to average drawdown	13.63	12.27	+1.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWRA.L vs. VHYG.L - Sharpe Ratio Comparison

The current VWRA.L Sharpe Ratio is 2.31, which is comparable to the VHYG.L Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of VWRA.L and VHYG.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.

Sharpe Ratios by Period

	VWRA.L	VHYG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.58	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.78	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.43	+0.34

Drawdowns

VWRA.L vs. VHYG.L - Drawdown Comparison

The maximum VWRA.L drawdown since its inception was -33.62%, smaller than the maximum VHYG.L drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for VWRA.L and VHYG.L.

Drawdown Indicators

	VWRA.L	VHYG.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.62%	-44.36%	+10.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-7.83%	-0.95%
Max Drawdown (3Y) Largest decline over 3 years	-16.26%	-12.50%	-3.76%
Max Drawdown (5Y) Largest decline over 5 years	-26.06%	-21.65%	-4.41%
Current Drawdown Current decline from peak	-0.75%	0.00%	-0.75%
Average Drawdown Average peak-to-trough decline	-5.39%	-7.75%	+2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.22%	-0.12%

Volatility

VWRA.L vs. VHYG.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) has a higher volatility of 3.87% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.L) at 2.80%. This indicates that VWRA.L's price experiences larger fluctuations and is considered to be riskier than VHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWRA.L	VHYG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	2.80%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	9.78%	8.34%	+1.44%
Volatility (1Y) Calculated over the trailing 1-year period	12.36%	10.55%	+1.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.36%	13.54%	+1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.28%	17.94%	-0.66%

VWRA.L vs. VHYG.L - Expense Ratio Comparison

VWRA.L has a 0.22% expense ratio, which is lower than VHYG.L's 0.29% expense ratio.

Dividends

VWRA.L vs. VHYG.L - Dividend Comparison

Neither VWRA.L nor VHYG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VWRA.L and VHYG.L in my portfolio?

VWRA.L and VHYG.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VWRA.L or VHYG.L?

On fees, VWRA.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VWRA.L or VHYG.L?

VWRA.L is cheaper with a 0.22% expense ratio, compared with 0.29% for VHYG.L.

What is the main difference between VWRA.L and VHYG.L?

VWRA.L tracks FTSE All-World Index, while VHYG.L tracks MSCI World High Dividend Yield NR USD. Their fees differ too: 0.22% for VWRA.L and 0.29% for VHYG.L.