OriginaveVHYL vs IWFQ: 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.
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
IWFQtracks the MSCI World Sector Neutral Quality 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
VHYL tracks the FTSE All-World High Dividend Yield IndexIWFQ tracks the MSCI World Sector Neutral Quality 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.
VHYL vs IWFQ, 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 | VHYL | IWFQ | Winner |
|---|---|---|---|
| 2026 (so far) | +12.85% | +11.18% | VHYL |
| 2025 | +18.22% | +7.40% | VHYL |
| 2024 | +11.23% | +18.93% | IWFQ |
| 2023 | +5.26% | +19.15% | IWFQ |
| 2022 | +5.95% | -9.55% | VHYL |
| 2021 | +19.24% | +25.17% | IWFQ |
| 2020 | -3.74% | +10.93% | IWFQ |
| 2019 | +17.00% | +25.86% | IWFQ |
| 2018 | -6.59% | -2.34% | IWFQ |
| 2017 | +8.80% | +12.47% | IWFQ |
| 2016 | +32.59% | +26.01% | VHYL |
| 2015 | -0.71% | +7.50% | IWFQ |
| 2014 | +8.22% | -33.59% | VHYL |
| 2013 | -1.85% | — | — |
VHYL vs IWFQ in plain words
VHYL tracks the FTSE All-World High Dividend Yield Index while IWFQ follows the MSCI World Sector Neutral Quality Index, so they own different slices of the market and their years can look very different. VHYL charges 0.29% a year in running costs and IWFQ charges 0.25% — IWFQ is the cheaper fund to hold.
IWFQ reinvests its dividends automatically (accumulating), while VHYL pays them out as cash (distributing). Across the 13 calendar years both funds were trading, VHYL finished the year ahead 5 times and IWFQ 8 times. £10,000 invested at the start of 2016 was worth £26,537 in VHYL versus £33,297 in IWFQ by the end of 2025, dividends reinvested.
VGWD is the Xetra (EUR) line of the same fund, ISIN IE00B8GKDB10 — VHYL is its GBP line on the London Stock Exchange.
IWQU is the London (USD) listing and IS3Q the Xetra (EUR) line of the same fund, ISIN IE00BP3QZ601 — IWFQ is its GBP line on the London Stock Exchange.
Fund facts: VHYL vs IWFQ
| Fact | VHYL | IWFQ |
|---|---|---|
| Fund | Vanguard FTSE All-World High Dividend Yield UCITS ETF (Dist) | iShares Edge MSCI World Quality Factor UCITS ETF (Acc) |
| Tracks | FTSE All-World High Dividend Yield Index | MSCI World Sector Neutral Quality Index |
| Yearly cost (TER) | 0.29% | 0.25% |
| Dividends | Distributing — dividends paid out | Accumulating — dividends reinvested |
| Launched | 21 May 2013 | 3 Oct 2014 |
| ISIN | IE00B8GKDB10 | IE00BP3QZ601 |
Frequently asked
Is VHYL or IWFQ better?
Across the 13 calendar years both funds were trading, VHYL finished the year ahead 5 times and IWFQ 8 times. £10,000 invested at the start of 2016 was worth £26,537 in VHYL versus £33,297 in IWFQ 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 VHYL and IWFQ?
VHYL tracks the FTSE All-World High Dividend Yield Index while IWFQ follows the MSCI World Sector Neutral Quality Index, so they own different slices of the market and their years can look very different. VHYL charges 0.29% a year in running costs and IWFQ charges 0.25% — IWFQ is the cheaper fund to hold. IWFQ reinvests its dividends automatically (accumulating), while VHYL pays them out as cash (distributing).
What would £10,000 in VHYL have become?
£10,000 invested in VHYL at the start of 2016 grew to £26,537 by the end of 2025, with dividends reinvested — an average of 10.3% per year.
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