OriginaveSWDA vs VHYL: which ETF won each year?
Yearly returns side by side, one winner per year — dividends included, priced as you'd actually buy them.
Every figure here is in pounds — what you'd actually pocket buying on the London Stock Exchange. Fund fact sheets usually headline returns in US dollars, which can look very different in years when the pound moves against the dollar. Here's the full story, year by year.
SWDAtracks the MSCI World Index
- CSP1iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
- SSACiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
VWRPVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index- VHVGVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SWDAiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- CNX1iShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- VHYLVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IWFViShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IWFMiShares Edge MSCI World Momentum Factor UCITS ETF (Acc)tracks the MSCI World Momentum Index
- IWFQiShares Edge MSCI World Quality Factor UCITS ETF (Acc)tracks the MSCI World Sector Neutral Quality Index
VHYLtracks the FTSE All-World High Dividend Yield Index
- CSP1iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
- SSACiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VWRPVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
- VHVGVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SWDAiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- CNX1iShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- VHYLVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IWFViShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IWFMiShares Edge MSCI World Momentum Factor UCITS ETF (Acc)tracks the MSCI World Momentum Index
- IWFQiShares Edge MSCI World Quality Factor UCITS ETF (Acc)tracks the MSCI World Sector Neutral Quality Index
SWDA tracks the MSCI World IndexVHYL tracks the FTSE All-World High Dividend Yield Index
What did the last 10 years do to £10,000?
You invest £10,000 at the start of the window and touch nothing — dividends reinvested, the running year not counted.
SWDA vs VHYL, year by year
Calendar-year total returns (dividends included) side by side, and who took the crown each year. A dash means the fund did not exist yet.
| Year | SWDA | VHYL | Winner |
|---|---|---|---|
| 2026 (so far) | +10.56% | +12.85% | VHYL |
| 2025 | +12.64% | +18.22% | VHYL |
| 2024 | +21.11% | +11.23% | SWDA |
| 2023 | +17.59% | +5.26% | SWDA |
| 2022 | -8.33% | +5.95% | VHYL |
| 2021 | +23.64% | +19.24% | SWDA |
| 2020 | +12.25% | -3.74% | SWDA |
| 2019 | +23.03% | +17.00% | SWDA |
| 2018 | -3.78% | -6.59% | SWDA |
| 2017 | +11.78% | +8.80% | SWDA |
| 2016 | +29.59% | +32.59% | VHYL |
| 2015 | +4.06% | -0.71% | SWDA |
| 2014 | +12.58% | +8.22% | SWDA |
| 2013 | +25.32% | -1.85% | SWDA |
| 2012 | +9.19% | — | — |
| 2011 | -6.19% | — | — |
| 2010 | +14.57% | — | — |
| 2009 | -34.91% | — | — |
SWDA vs VHYL in plain words
SWDA tracks the MSCI World Index while VHYL follows the FTSE All-World High Dividend Yield Index, so they own different slices of the market and their years can look very different. SWDA charges 0.20% a year in running costs and VHYL charges 0.29% — SWDA is the cheaper fund to hold.
SWDA reinvests its dividends automatically (accumulating), while VHYL pays them out as cash (distributing). Across the 14 calendar years both funds were trading, SWDA finished the year ahead 10 times and VHYL 4 times. £10,000 invested at the start of 2016 was worth £34,992 in SWDA versus £26,537 in VHYL by the end of 2025, dividends reinvested.
IWDA (London/Amsterdam, USD) and EUNL (Xetra, EUR) are listings of the same fund, ISIN IE00B4L5Y983 — SWDA is its GBP line on the London Stock Exchange.
VGWD is the Xetra (EUR) line of the same fund, ISIN IE00B8GKDB10 — VHYL is its GBP line on the London Stock Exchange.
Fund facts: SWDA vs VHYL
| Fact | SWDA | VHYL |
|---|---|---|
| Fund | iShares Core MSCI World UCITS ETF (Acc) | Vanguard FTSE All-World High Dividend Yield UCITS ETF (Dist) |
| Tracks | MSCI World Index | FTSE All-World High Dividend Yield Index |
| Yearly cost (TER) | 0.20% | 0.29% |
| Dividends | Accumulating — dividends reinvested | Distributing — dividends paid out |
| Launched | 25 Sept 2009 | 21 May 2013 |
| ISIN | IE00B4L5Y983 | IE00B8GKDB10 |
Frequently asked
Is SWDA or VHYL better?
Across the 14 calendar years both funds were trading, SWDA finished the year ahead 10 times and VHYL 4 times. £10,000 invested at the start of 2016 was worth £34,992 in SWDA versus £26,537 in VHYL by the end of 2025, dividends reinvested. Past returns don't promise future ones — but this is what actually happened.
What is the difference between SWDA and VHYL?
SWDA tracks the MSCI World Index while VHYL follows the FTSE All-World High Dividend Yield Index, so they own different slices of the market and their years can look very different. SWDA charges 0.20% a year in running costs and VHYL charges 0.29% — SWDA is the cheaper fund to hold. SWDA reinvests its dividends automatically (accumulating), while VHYL pays them out as cash (distributing).
What would £10,000 in SWDA have become?
£10,000 invested in SWDA at the start of 2016 grew to £34,992 by the end of 2025, with dividends reinvested — an average of 13.3% per year.
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