IYLD vs IAF vs VAF vs OZBD - Compare ETFs side by side

At a glance

Comparing IYLD, IAF, VAF, and OZBD. IAF has the lowest management fee at 0.1% a year, IAF has the highest 10 years return at 1.4% a year, and OZBD offers the highest at 4.55%.

Lowest fee

IAF 0.1% p.a.

Highest 10 years return

IAF 1.4% p.a.

Highest yield

OZBD 4.55%

Highest risk-adjusted

IYLD Sharpe 0.9 (3y)

Lowest volatility

IAF 4.5% (10y)

Largest fund

VAF $3.9bn

Side-by-side comparison

Metric	IYLD iShares Yield Plus ETF	IAF iShares Core Composite Bond ETF	VAF Vanguard Australian Fixed Interest Index ETF	OZBD BetaShares Australian Composite Bond ETF
Snapshot
Provider	iShares	iShares	Vanguard	BetaShares
Tracks index	—	Bloomberg AusBond Composite 0+ Yr Index	Bloomberg AusBond Composite 0+ Yr Index	Solactive Australian Composite Bond Select Index
Categories	Bonds, AU	AU, Bonds	AU, Bonds	AU, Bonds
Listed since	—	2012 (14 yrs)	2012 (14 yrs)	2022 (4 yrs)
Fund size (AUM)	$266m	$3.7bn	$3.9bn	$1.4bn
Cost & income
Management fee	0.12%	0.1%	0.1%	0.19%
Dividend yield	4.52%	3.18%	3.27%	4.55%
Franking	5%	0%	0%	0%
Turnover	35%	35%	30%	25%
Tax drag	2.22%	1.86%	1.77%	2.06%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	3.3% net	-0.5% net	-0.5% net	-1.1% net
3-year return	5.1% net	3.5% net	3.5% net	4.1% net
5-year return	3.4% net	-0.1% net	-0.1% net	—
10-year return	—	1.4% net	1.4% net	—
Risk
Volatility (3y)	1%	3.9%	3.9%	4.7%
Volatility (5y)	1.5%	5.4%	5.4%	—
Volatility (10y)	—	4.5%	4.5%	—
Sharpe ratio (3y)	0.9	—	—	0.14
Sharpe ratio (5y)	0.12	—	—	—
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

IYLD iShares Yield Plus ETF

Low-cost: a 0.12% management fee keeps more of the return in your pocket.
Pays a useful 4.52% income yield.

Has lagged most peers over 3 years (183rd of 236).

Full IYLD analysis →

IAF iShares Core Composite Bond ETF

Low-cost: a 0.1% management fee keeps more of the return in your pocket.
Low volatility (4.46% over 10 years) for a smoother ride.

Has lagged most peers over 10 years (97th of 110).

Full IAF analysis →

VAF Vanguard Australian Fixed Interest Index ETF

Low-cost: a 0.1% management fee keeps more of the return in your pocket.
Low volatility (4.46% over 10 years) for a smoother ride.

Has lagged most peers over 10 years (97th of 110).

Full VAF analysis →

OZBD BetaShares Australian Composite Bond ETF

Low-cost: a 0.19% management fee keeps more of the return in your pocket.
Pays a useful 4.55% income yield.

Has lagged most peers over 3 years (200th of 236).

Full OZBD analysis →

Frequently Asked Questions

What's the difference between IYLD vs IAF vs VAF vs OZBD?

IYLD, IAF, VAF, and OZBD are 4 Australian-listed ETFs we compare side by side. IAF carries the lowest management fee (0.1%). Over 10 years, IAF has delivered the highest total return (1.4% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - IYLD vs IAF vs VAF vs OZBD?

IAF has the lowest management fee at 0.1% a year, versus IYLD 0.12%, VAF 0.1%, and OZBD 0.19%.

Which has performed highest - IYLD vs IAF vs VAF vs OZBD?

Over the past 10 years, IAF has delivered the highest total return at 1.4% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

OZBD pays the highest at 4.55%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

VAF is the largest fund by assets ($3.9bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

IAF vs VGB IAF vs BNDS IAF vs ILB IAF vs VACF IAF vs XARO VAF vs VGB VAF vs BNDS VAF vs ILB

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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.