GCAP vs IHCB vs USIG vs VCF - Compare ETFs side by side

At a glance

Comparing GCAP, IHCB, USIG, and VCF. IHCB has the lowest management fee at 0.27% a year, IHCB has the highest 10 years return at 1.2% a year, and VCF offers the highest at 10.08%.

Lowest fee

IHCB 0.27% p.a.

Highest 10 years return

IHCB 1.2% p.a.

Highest yield

VCF 10.08%

Highest risk-adjusted

IHCB Sharpe 0.1 (3y)

Lowest volatility

VCF 5.3% (10y)

Largest fund

IHCB $338m

Side-by-side comparison

Metric	GCAP VanEck Bentham Global Capital Securities Active ETF	IHCB iShares Core Global Corporate Bond (AUD Hedged) ETF	USIG Global X USD Corporate Bond ETF (Currency Hedged)	VCF Vanguard International Credit Securities Index (Hedged) ETF
Snapshot
Provider	VanEck	iShares	Global X	Vanguard
Tracks index	—	—	—	Bloomberg Global Aggregate Credit Float Adjusted Index (AUD Hedged)
Categories	Bonds, Intl, Active	Bonds, Intl	Bonds, Intl	Intl, Market-Cap
Listed since	—	—	—	2017 (9 yrs)
Fund size (AUM)	$48m	$338m	$3m	$173m
Cost & income
Management fee	0.59%	0.27%	0.3%	0.3%
Dividend yield	—	6.68%	6.42%	10.08%
Franking	0%	0%	0%	0%
Turnover	—	—	—	20%
Tax drag	—	2.14%	2.05%	3.71%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	—	-1.2% net	-5.1% net	-0.9% net
3-year return	—	4.3% net	3.2% net	4.2% net
5-year return	—	-0.8% net	—	-0.8% net
10-year return	—	1.2% net	—	1.2% net
Risk
Volatility (3y)	—	4.9%	8.8%	4.6%
Volatility (5y)	—	6.5%	—	6%
Volatility (10y)	—	5.8%	—	5.3%
Sharpe ratio (3y)	—	0.1	—	0.1
Sharpe ratio (5y)	—	—	—	—
Sharpe ratio (10y)	—	—	—	—
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

GCAP VanEck Bentham Global Capital Securities Active ETF

Pricier than similar ETFs, which average around 0.5%.

Full GCAP analysis →

IHCB iShares Core Global Corporate Bond (AUD Hedged) ETF

Low-cost: a 0.27% management fee keeps more of the return in your pocket.
High 6.68% income yield — good for investors who want regular cash flow.

Has lagged most peers over 10 years (102nd of 110).

Full IHCB analysis →

USIG Global X USD Corporate Bond ETF (Currency Hedged)

Low-cost: a 0.3% management fee keeps more of the return in your pocket.
High 6.42% income yield — good for investors who want regular cash flow.

Has lagged most peers over 3 years (215th of 236).

Full USIG analysis →

VCF Vanguard International Credit Securities Index (Hedged) ETF

Low-cost: a 0.3% management fee keeps more of the return in your pocket.
High 10.08% income yield — good for investors who want regular cash flow.

Has lagged most peers over 10 years (102nd of 110).

Full VCF analysis →

Frequently Asked Questions

What's the difference between GCAP vs IHCB vs USIG vs VCF?

GCAP, IHCB, USIG, and VCF are 4 Australian-listed ETFs we compare side by side. IHCB carries the lowest management fee (0.27%). Over 10 years, IHCB has delivered the highest total return (1.2% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - GCAP vs IHCB vs USIG vs VCF?

IHCB has the lowest management fee at 0.27% a year, versus GCAP 0.59%, USIG 0.3%, and VCF 0.3%.

Which has performed highest - GCAP vs IHCB vs USIG vs VCF?

Over the past 10 years, IHCB has delivered the highest total return at 1.2% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

VCF pays the highest at 10.08%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

IHCB is the largest fund by assets ($338m). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

IHCB vs BDCI IHCB vs GOOD USIG vs BDCI USIG vs GOOD VCF vs VIF VCF vs VACF VCF vs OZBD VCF vs IAF

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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.