IHD vs R3AL vs SYI vs VHY - Compare ETFs side by side

At a glance

Comparing IHD, R3AL, SYI, and VHY. SYI has the lowest management fee at 0.2% a year, VHY has the highest 10 years return at 10.2% a year, and SYI offers the highest at 7.27%.

Lowest fee

SYI 0.2% p.a.

Highest 10 years return

VHY 10.2% p.a.

Highest yield

SYI 7.27%

Highest risk-adjusted

VHY Sharpe 0.63 (10y)

Lowest volatility

VHY 13.4% (10y)

Largest fund

VHY $8.2bn

Side-by-side comparison

Metric	IHD iShares S&P/ASX Dividend Opportunities ESG Screened ETF	R3AL Martin Currie Real Income Fund - Active ETF	SYI State Street SPDR MSCI Australia Select High Dividend Yield ETF	VHY Vanguard Australian Shares High Yield ETF
Snapshot
Provider	iShares	—	State Street	Vanguard
Tracks index	S&P/ASX Dividend Opportunities ESG Screened Index	—	MSCI Australia Select High Dividend Yield Index	FTSE Australia High Dividend Yield Index
Categories	AU, Dividend, ESG	AU, Dividend, Active	AU, Dividend, Factor	AU, Dividend
Listed since	2010 (16 yrs)	—	2010 (16 yrs)	2011 (15 yrs)
Fund size (AUM)	$406m	$462m	$733m	$8.2bn
Cost & income
Management fee	0.22%	0.85%	0.2%	0.25%
Dividend yield	4.1%	3.08%	7.27%	3.51%
Franking	80%	30%	85%	85%
Turnover	35%	28%	25%	20%
Tax drag	1.2%	1.39%	1.13%	0.73%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	8.7% net	-6.5% net	15.2% net	12.3% net
3-year return	14.5% net	4.3% net	15% net	14.8% net
5-year return	10.3% net	-2.4% net	11.8% net	11.9% net
10-year return	7.9% net	-0.9% net	9.1% net	10.2% net
Risk
Volatility (3y)	10.2%	10.2%	9.1%	9.4%
Volatility (5y)	12.1%	14.1%	11.9%	11.7%
Volatility (10y)	13.6%	15.6%	13.8%	13.4%
Sharpe ratio (3y)	0.98	—	1.14	1.09
Sharpe ratio (5y)	0.59	—	0.71	0.74
Sharpe ratio (10y)	0.47	—	0.54	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

IHD iShares S&P/ASX Dividend Opportunities ESG Screened ETF

Low-cost: a 0.22% management fee keeps more of the return in your pocket.
Pays a useful 4.1% income yield.

Cheaper alternatives exist: IOZ, VAS, and SYI.

Full IHD analysis →

R3AL Martin Currie Real Income Fund - Active ETF

Has lagged most peers over 10 years (109th of 110).

Full R3AL analysis →

SYI State Street SPDR MSCI Australia Select High Dividend Yield ETF

Top-19% returns over 1 year (60th of 318 ETFs we track).
Low-cost: a 0.2% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: IOZ and VAS.

Full SYI 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 IHD vs R3AL vs SYI vs VHY?

IHD, R3AL, SYI, and VHY are 4 Australian-listed ETFs we compare side by side. SYI carries the lowest management fee (0.2%). Over 10 years, VHY has delivered the highest total return (10.2% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - IHD vs R3AL vs SYI vs VHY?

SYI has the lowest management fee at 0.2% a year, versus IHD 0.22%, R3AL 0.85%, and VHY 0.25%.

Which has performed highest - IHD vs R3AL vs SYI vs VHY?

Over the past 10 years, VHY has delivered the highest total return at 10.2% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

SYI pays the highest at 7.27%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

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

Related comparisons

IHD vs IOZ IHD vs VAS IHD vs WDIV IHD vs AYLD SYI vs IOZ SYI vs VAS SYI vs WDIV SYI vs AYLD

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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.