R3AL vs VHY - Compare ETFs side by side

At a glance

Comparing R3AL and VHY. VHY has the lower management fee at 0.25% a year, VHY has the higher 10 years return at 10.2% a year, and VHY offers the higher at 3.51%.

Lower fee

VHY 0.25% p.a.

Higher 10 years return

VHY 10.2% p.a.

Higher yield

VHY 3.51%

Lower volatility

VHY 13.4% (10y)

Larger fund

VHY $8.2bn

Side-by-side comparison

Metric	R3AL Martin Currie Real Income Fund - Active ETF	VHY Vanguard Australian Shares High Yield ETF
Snapshot
Provider	—	Vanguard
Tracks index	—	FTSE Australia High Dividend Yield Index
Categories	AU, Dividend, Active	AU, Dividend
Listed since	—	2011 (15 yrs)
Fund size (AUM)	$462m	$8.2bn
Cost & income
Management fee	0.85%	0.25%
Dividend yield	3.08%	3.51%
Franking	30%	85%
Turnover	28%	20%
Tax drag	1.39%	0.73%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	-6.5% net	12.3% net
3-year return	4.3% net	14.8% net
5-year return	-2.4% net	11.9% net
10-year return	-0.9% net	10.2% net
Risk
Volatility (3y)	10.2%	9.4%
Volatility (5y)	14.1%	11.7%
Volatility (10y)	15.6%	13.4%
Sharpe ratio (3y)	—	1.09
Sharpe ratio (5y)	—	0.74
Sharpe ratio (10y)	—	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

R3AL Martin Currie Real Income Fund - Active ETF

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

Full R3AL 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 R3AL vs VHY?

R3AL and VHY are 2 Australian-listed ETFs we compare side by side. VHY carries the lower management fee (0.25%). 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 - R3AL vs VHY?

VHY has the lower management fee at 0.25% a year, versus R3AL 0.85%.

Which has performed higher - R3AL 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 3.51%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

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

Related comparisons

R3AL vs SYI R3AL vs IHD VHY vs SYI VHY vs IHD VHY vs IOZ VHY vs VAS VHY vs AQLT VHY vs WDIV

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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.