IOZ vs VHY - Compare ETFs side by side

At a glance

Comparing IOZ and VHY. IOZ has the lower management fee at 0.05% a year, VHY has the higher 10 years return at 10.2% a year, and VHY offers the higher at 3.47%.

Lower fee

IOZ 0.05% p.a.

Higher 10 years return

VHY 10.2% p.a.

Higher yield

VHY 3.47%

Higher risk-adjusted

VHY Sharpe 0.63 (10y)

Lower volatility

IOZ 13.3% (10y)

Larger fund

IOZ $9.3bn

Side-by-side comparison

Metric	IOZ iShares Core S&P/ASX 200 ETF	VHY Vanguard Australian Shares High Yield ETF
Snapshot
Provider	iShares	Vanguard
Tracks index	S&P/ASX 200 Index	FTSE Australia High Dividend Yield Index
Categories	AU, Large-Cap, Market-Cap	AU, Dividend
Listed since	2010 (16 yrs)	2011 (15 yrs)
Fund size (AUM)	$9.3bn	$8bn
Cost & income
Management fee	0.05%	0.25%
Dividend yield	3.37%	3.47%
Franking	80%	85%
Turnover	3%	20%
Tax drag	0.36%	0.73%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	5.9% net	17.9% net
3-year return	10.3% net	14.4% net
5-year return	7.9% net	11.5% net
10-year return	8.9% net	10.2% net
Risk
Volatility (3y)	10.7%	9.5%
Volatility (5y)	12.4%	11.7%
Volatility (10y)	13.3%	13.4%
Sharpe ratio (3y)	0.59	1.04
Sharpe ratio (5y)	0.42	0.72
Sharpe ratio (10y)	0.55	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

IOZ iShares Core S&P/ASX 200 ETF

Low-cost: a 0.05% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: MQAE and A200.

Full IOZ analysis →

VHY Vanguard Australian Shares High Yield ETF

Top-19% returns over 5 years (35th of 188 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 IOZ vs VHY?

IOZ and VHY are 2 Australian-listed ETFs we compare side by side. IOZ carries the lower management fee (0.05%). Over 10 years, VHY has delivered the higher total return (10.2% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - IOZ vs VHY?

IOZ has the lower management fee at 0.05% a year, versus VHY 0.25%.

Which has performed higher - IOZ vs VHY?

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

Which pays the higher dividend yield?

VHY pays the higher at 3.47%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

IOZ is the larger fund by assets ($9.3bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

IOZ vs STW IOZ vs VAS IOZ vs A200 IOZ vs MQAE IOZ vs QOZ IOZ vs FHCO IOZ vs MVW VHY vs SYI

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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.