ETF comparison · Dividend and income
VHYL vs TDIV: overlap by weight, TER & holdings
Vanguard FTSE All-World High Dividend Yield UCITS ETF (USD) Distributing vs VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF
VHYL casts a wide global net at a lower yield; TDIV concentrates on around 100 developed-market dividend leaders with a screen for payout quality. Breadth versus yield discipline.
VHYL vs TDIV at a glance
| VHYL | TDIV | |
|---|---|---|
| Fund | Vanguard FTSE All-World High Dividend Yield UCITS ETF (USD) Distributing | VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF |
| ISIN | IE00B8GKDB10 | NL0011683594 |
| Index | FTSE All-World High Dividend Yield | Morningstar Developed Markets Large Cap Dividend Leaders |
| Market exposure | Global dividend | Developed-market dividend |
| TER | 0.29% | 0.38% |
| Holdings in fund | 2,265 | 100 |
| Fund size | ≈ 14.1 bn USD | ≈ 10.5 bn USD |
| Domicile | Ireland | the Netherlands |
| Replication | Physical (sampling) | Physical (full) |
| Use of income | Distributing | Distributing |
| Launched | May 21, 2013 | May 23, 2016 |
Top shared holdings
| VHYL | TDIV | |
|---|---|---|
| HSBAHSBC Holdings PLC | 0.82% | 4.6% |
| SHELShell PLC | 0.59% | 3.56% |
| NESNNestle SA | 0.58% | 3.73% |
| SANBanco Santander SA | 0.5% | 2.01% |
| VZVerizon Communications Inc | 0.48% | 4.85% |
| ALVAllianz SE | 0.46% | 2.88% |
| PEPPepsiCo Inc | 0.44% | 2.82% |
| TTETotalEnergies SE | 0.39% | 3.35% |
| BBVABanco Bilbao Vizcaya Argentaria SA | 0.38% | 2.44% |
| PFEPfizer Inc | 0.37% | 4.13% |
| IBEIberdrola SA | 0.37% | 1.9% |
| UCGUniCredit SpA | 0.34% | 2% |
| NOVOBNovo Nordisk A/S | 0.34% | 2.35% |
| ULVRUnilever PLC | 0.32% | 2.16% |
| BMYBristol-Myers Squibb Co | 0.32% | 2.27% |
Weights per fund, normalized. 100 companies appear in both funds.
What the fee gap costs
Growth of 10,000 invested at 7% annual return, after each fund’s TER: 0.29% for VHYL, 0.38% for TDIV.
| VHYL | TDIV | Difference | |
|---|---|---|---|
| After 10 years | 19,145 | 18,984 | 161 |
| After 20 years | 36,652 | 36,039 | 613 |
| After 30 years | 70,170 | 68,416 | 1,754 |
VHYL comes out ahead by about 1,754 per 10,000 invested over 30 years. TER only. Trading spreads, taxes and broker fees are not included.
Where the portfolios differ
| Region | VHYL | TDIV |
|---|---|---|
| United States | 39.4% | 15.8% |
| United Kingdom | 6.8% | 16.9% |
| France | 4.1% | 12.8% |
| Italy | 1.5% | 8.8% |
| Japan | 9.3% | 4.2% |
| Germany | 3.1% | 7.4% |
| Spain | 2.0% | 5.7% |
| Hong Kong | 3.4% | 0.0% |
| Sector | VHYL | TDIV |
|---|---|---|
| Financials | 29.9% | 42.5% |
| Industrials | 11.9% | 2.7% |
| Information Technology | 7.8% | 0.4% |
| Communication Services | 3.2% | 8.3% |
| Materials | 5.2% | 0.6% |
| Energy | 8.8% | 12.6% |
| Consumer Discretionary | 6.4% | 3.2% |
| Consumer Staples | 8.2% | 10.4% |
Only rows where the two funds differ by at least 1 percentage point.
Domicile and withholding tax
Ireland / the Netherlands
Frequently asked questions
Do VHYL and TDIV overlap?+
Yes: 14.31% by weight, with 100 holdings appearing in both funds. 14.31% of VHYL’s weight is also inside TDIV.
Do VHYL and TDIV track the same index?+
No. VHYL tracks the FTSE All-World High Dividend Yield while TDIV tracks the Morningstar Developed Markets Large Cap Dividend Leaders. The 14.31% overlap comes from companies that both indices include.
Which is cheaper, VHYL or TDIV?+
VHYL: 0.29% per year against 0.38% for TDIV. At 7% growth that gap is worth about 1,754 per 10,000 invested over 30 years.
Is it worth holding both VHYL and TDIV?+
They overlap less than similar-looking funds (14.31% by weight), so holding both can make sense when you want each fund’s distinct exposure. Check the shared-holdings table for what you would be doubling up on.
Why does TDIV hold the same companies at higher weights?+
Same companies, smaller universe: TDIV spreads its weight across 100 holdings while VHYL holds 2,265, so each shared position takes a larger slice of TDIV.
More comparisons
Methodology
Overlap is the sum of min(weight A, weight B) across holdings that appear in both funds, with each fund’s stored weights normalized to 100%. Holdings come from issuer feeds and regulatory filings in our ETF holdings database; TER and fund size come from fund profile data and are refreshed regularly. Figures update when the underlying holdings data updates.
Holdings data as of Sep 18, 2026, from our ETF holdings database.