AYLD vs VHY - Compare ETFs side by side

At a glance

Comparing AYLD and VHY. VHY has the lower management fee at 0.25% a year, VHY has the higher 3 years return at 14.8% a year, and AYLD offers the higher at 6.37%.

Lower fee

VHY 0.25% p.a.

Higher 3 years return

VHY 14.8% p.a.

Higher yield

AYLD 6.37%

Higher risk-adjusted

AYLD Sharpe 1.17 (3y)

Lower volatility

AYLD 5.1% (3y)

Larger fund

VHY $8.2bn

Side-by-side comparison

Metric	AYLD Global X S&P/ASX 200 Covered Call ETF	VHY Vanguard Australian Shares High Yield ETF
Snapshot
Provider	Global X	Vanguard
Tracks index	—	FTSE Australia High Dividend Yield Index
Categories	AU, Thematic, Dividend	AU, Dividend
Listed since	—	2011 (15 yrs)
Fund size (AUM)	$125m	$8.2bn
Cost & income
Management fee	0.6%	0.25%
Dividend yield	6.37%	3.51%
Franking	35%	85%
Turnover	18%	20%
Tax drag	1.82%	0.73%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	8.7% net	12.3% net
3-year return	10.4% net	14.8% net
5-year return	—	11.9% net
10-year return	—	10.2% net
Risk
Volatility (3y)	5.1%	9.4%
Volatility (5y)	—	11.7%
Volatility (10y)	—	13.4%
Sharpe ratio (3y)	1.17	1.09
Sharpe ratio (5y)	—	0.74
Sharpe ratio (10y)	—	0.63
Bid/ask spread	—	—

marks the strongest fund in each row. “net” shows the after-tax return at your selected bracket. “—” means we don’t have that data point yet.

Each fund at a glance

AYLD Global X S&P/ASX 200 Covered Call ETF

High 6.37% income yield — good for investors who want regular cash flow.
Strong risk-adjusted returns (3-year Sharpe ratio 1.17).

Pricier than similar ETFs, which average around 0.39%.

Full AYLD analysis →

VHY Vanguard Australian Shares High Yield ETF

Top-20% returns over 5 years (37th of 189 ETFs we track).
Low-cost: a 0.25% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: IOZ, VAS, and SYI.

Full VHY analysis →

Frequently Asked Questions

What's the difference between AYLD vs VHY?

AYLD and VHY are 2 Australian-listed ETFs we compare side by side. VHY carries the lower management fee (0.25%). Over 3 years, VHY has delivered the higher total return (14.8% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - AYLD vs VHY?

VHY has the lower management fee at 0.25% a year, versus AYLD 0.6%.

Which has performed higher - AYLD vs VHY?

Over the past 3 years, VHY has delivered the higher total return at 14.8% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

AYLD pays the higher at 6.37%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

VHY is the larger fund by assets ($8.2bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

AYLD vs SYI AYLD vs IHD AYLD vs ZYAU VHY vs SYI VHY vs IHD VHY vs IOZ VHY vs VAS VHY vs AQLT

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General information only, generated from each fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.