VWRP.L vs. VHYD.L

Last updated Jun 25, 2026

VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) and VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - VWRP.L is a Global Equities fund tracking the FTSE All-World Index, while VHYD.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, VWRP.L returned 11.93%/yr vs 11.89%/yr for VHYD.L. A 0.78 correlation means they provide meaningful diversification when combined. VWRP.L charges 0.22%/yr vs 0.29%/yr for VHYD.L.

Performance

VWRP.L vs. VHYD.L - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, VWRP.L achieves a 12.16% return, which is significantly lower than VHYD.L's 13.25% return.

VWRP.L

• 1D: 0.47%
• 1M: 1.85%
• YTD: 12.16%
• 6M: 12.48%
• 1Y: 28.98%
• 3Y*: 18.70%
• 5Y*: 11.93%
• 10Y*: —

VHYD.L

• 1D: 0.08%
• 1M: 2.19%
• YTD: 13.25%
• 6M: 13.76%
• 1Y: 29.50%
• 3Y*: 17.21%
• 5Y*: 11.89%
• 10Y*: 10.71%

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

VWRP.L vs. VHYD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating	12.16%	13.94%	19.60%	15.64%	-8.41%	20.00%	12.27%	1.72%
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	13.25%	17.98%	11.23%	5.86%	5.79%	18.96%	-3.24%	0.41%

Correlation

The correlation between VWRP.L and VHYD.L is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019	0.78

The correlation between VWRP.L and VHYD.L shifts across timeframes, from 0.64 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VWRP.L vs. VHYD.L — Risk / Return Rank

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

VWRP.L

VWRP.L Risk / Return Rank: 88
VWRP.L Sharpe Ratio Rank: 90
VWRP.L Sortino Ratio Rank: 90
VWRP.L Omega Ratio Rank: 90
VWRP.L Calmar Ratio Rank: 83
VWRP.L Martin Ratio Rank: 85

VHYD.L

VHYD.L Risk / Return Rank: 78
VHYD.L Sharpe Ratio Rank: 82
VHYD.L Sortino Ratio Rank: 85
VHYD.L Omega Ratio Rank: 81
VHYD.L Calmar Ratio Rank: 72
VHYD.L Martin Ratio Rank: 70

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.

VWRP.L vs. VHYD.L - Risk-Adjusted Trends Comparison

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

	VWRP.L	VHYD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.68	2.88	-0.20
Sortino ratio: Return per unit of downside risk	3.68	3.88	-0.20
Omega ratio: Gain probability vs. loss probability	1.51	1.55	-0.04
Calmar ratio: Return relative to maximum drawdown	4.07	4.25	-0.18
Martin ratio: Return relative to average drawdown	16.12	15.70	+0.42

VWRP.L vs. VHYD.L - Sharpe Ratio Comparison

The current VWRP.L Sharpe Ratio is 2.68, which is comparable to the VHYD.L Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of VWRP.L and VHYD.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.

Drawdowns

VWRP.L vs. VHYD.L - Drawdown Comparison

The maximum VWRP.L drawdown since its inception was -25.10%, smaller than the maximum VHYD.L drawdown of -29.43%. Use the drawdown chart below to compare losses from any high point for VWRP.L and VHYD.L.

Drawdown Indicators

	VWRP.L	VHYD.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.10%	-29.43%	+4.33%
Max Drawdown (1Y) Largest decline over 1 year	-7.10%	-6.91%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	-12.99%	-4.65%
Max Drawdown (5Y) Largest decline over 5 years	-17.64%	-12.99%	-4.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.43%	—
Current Drawdown Current decline from peak	-1.00%	-1.31%	+0.31%
Average Drawdown Average peak-to-trough decline	-3.37%	-3.69%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	1.87%	-0.08%

Volatility

VWRP.L vs. VHYD.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) has a higher volatility of 3.58% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) at 3.19%. This indicates that VWRP.L's price experiences larger fluctuations and is considered to be riskier than VHYD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWRP.L	VHYD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	3.19%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	8.21%	8.40%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	10.79%	10.23%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.95%	12.28%	+0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.95%	14.72%	+0.23%

VWRP.L vs. VHYD.L - Expense Ratio Comparison

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

Dividends

VWRP.L vs. VHYD.L - Dividend Comparison

VWRP.L has not paid dividends to shareholders, while VHYD.L's dividend yield for the trailing twelve months is around 2.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	2.57%	2.77%	3.15%	3.31%	3.72%	3.14%	2.90%	3.23%	3.77%	2.96%	3.16%	3.32%
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VWRP.L and VHYD.L in my portfolio?

VWRP.L and VHYD.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VWRP.L or VHYD.L?

On fees, VWRP.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, VWRP.L or VHYD.L?

VWRP.L is cheaper with a 0.22% expense ratio, compared with 0.29% for VHYD.L.

What is the main difference between VWRP.L and VHYD.L?

VWRP.L is categorized as Global Equities, while VHYD.L is Dividend. VWRP.L tracks FTSE All-World Index, while VHYD.L tracks FTSE All-World High Dividend Yield Index. Their fees differ too: 0.22% for VWRP.L and 0.29% for VHYD.L.