Grow it · ETFs

IHWL vs VGAD vs HGBL vs BGBL

Compare fees, returns, income and risk for these 4 ASX-listed ETFs side by side.

At a glance

Comparing IHWL, VGAD, HGBL, and BGBL. BGBL has the lowest management fee at 0.08% a year, IHWL has the highest 10 years return at 12.5% a year, and IHWL offers the highest at 5.65%.
Lowest fee
BGBL 0.08% p.a.
Highest 10 years return
IHWL 12.5% p.a.
Highest yield
IHWL 5.65%
Highest risk-adjusted
VGAD Sharpe 0.75 (10y)
Lowest volatility
VGAD 14% (10y)
Largest fund
VGAD $7.4bn

Side-by-side comparison

Metric IHWL
iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF
VGAD
Vanguard MSCI Index International Shares (Hedged) ETF
HGBL
BetaShares Global Shares Currency Hedged ETF
BGBL
BetaShares Global Shares ETF
Snapshot
Provider
iShares
Vanguard
BetaShares
BetaShares
Tracks index
MSCI World ex Australia Index (AUD Hedged)
Solactive GBS Developed Markets Large & Mid Cap Index (AUD Hedged)
Solactive GBS Developed Markets Large & Mid Cap Index
Categories
Intl, Large-Cap, Market-Cap, ESG
Intl, Large-Cap, Market-Cap
Intl, Large-Cap, Market-Cap
Intl, Large-Cap, Market-Cap
Listed since
2014 (12 yrs)
2021 (5 yrs)
2021 (5 yrs)
Fund size (AUM)
$1bn
$7.4bn
$2.7bn
$4.7bn
Cost & income
Management fee
0.15%
0.22%
0.11%
0.08%
Dividend yield
5.65%
2.42%
1.23%
1.17%
Franking
0%
0%
0%
0%
Turnover
5%
5%
5%
Tax drag 1.81% 0.89% 0.51% 0.49%
Returns
Tax bracket
1-year return
19.8%
net
19.9%
net
20.6%
net
10.7%
net
3-year return
17.6%
net
17.5%
net
17.9%
net
16.9%
net
5-year return
11.2%
net
10.9%
net
10-year return
12.5%
net
12.4%
net
Risk
Volatility (3y)
12.5%
11.5%
11.4%
9.9%
Volatility (5y)
15.3%
14.2%
Volatility (10y)
14.7%
14%
Sharpe ratio (3y)
1.04
1.11
1.15
1.23
Sharpe ratio (5y)
0.56
0.58
Sharpe ratio (10y)
0.73
0.75
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

IHWL iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF
  • Top-16% returns over 1 year (49th of 308 ETFs we track).
  • Low-cost: a 0.15% management fee keeps more of the return in your pocket.
  • Cheaper alternatives exist: BGBL, WXHG, and HGBL.
VGAD Vanguard MSCI Index International Shares (Hedged) ETF
  • Top-16% returns over 1 year (48th of 308 ETFs we track).
  • Low-cost: a 0.22% management fee keeps more of the return in your pocket.
  • Cheaper alternatives exist: BGBL, IHVV, and HGBL.
HGBL BetaShares Global Shares Currency Hedged ETF
  • Top-15% returns over 1 year (45th of 308 ETFs we track).
  • Low-cost: a 0.11% management fee keeps more of the return in your pocket.
  • Cheaper alternatives exist: BGBL.
BGBL BetaShares Global Shares ETF
  • Top-20% returns over 3 years (45th of 226 ETFs we track).
  • Low-cost: a 0.08% management fee keeps more of the return in your pocket.

Frequently Asked Questions

What's the difference between IHWL vs VGAD vs HGBL vs BGBL?

IHWL, VGAD, HGBL, and BGBL are 4 Australian-listed ETFs we compare side by side. BGBL carries the lowest management fee (0.08%). Over 10 years, IHWL has delivered the highest total return (12.5% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - IHWL vs VGAD vs HGBL vs BGBL?

BGBL has the lowest management fee at 0.08% a year, versus IHWL 0.15%, VGAD 0.22%, and HGBL 0.11%.

Which has performed highest - IHWL vs VGAD vs HGBL vs BGBL?

Over the past 10 years, IHWL has delivered the highest total return at 12.5% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

IHWL pays the highest at 5.65%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

VGAD is the largest fund by assets ($7.4bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

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.

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