REIT vs VAP - Compare ETFs side by side

At a glance

Comparing REIT and VAP. REIT has the lower management fee at 0.2% a year, VAP has the higher 5 years return at 2.6% a year, and REIT offers the higher at 4.76%.

Lower fee

REIT 0.2% p.a.

Higher 5 years return

VAP 2.6% p.a.

Higher yield

REIT 4.76%

Higher risk-adjusted

REIT Sharpe 0.37 (3y)

Lower volatility

REIT 16.9% (5y)

Larger fund

VAP $2.8bn

Side-by-side comparison

Metric	REIT VanEck FTSE International Property (AUD Hedged) ETF	VAP Vanguard Australian Property Securities Index ETF
Snapshot
Provider	VanEck	Vanguard
Tracks index	FTSE EPRA Nareit Developed ex Australia Rental Hedged into AUD Index	S&P/ASX 300 A-REIT Index
Categories	Intl, Thematic	AU, Thematic, Market-Cap
Listed since	2017 (9 yrs)	2010 (16 yrs)
Fund size (AUM)	$781m	$2.8bn
Cost & income
Management fee	0.2%	0.22%
Dividend yield	4.76%	3.19%
Franking	0%	20%
Turnover	5%	8%
Tax drag	1.64%	1.03%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	4.4% net	-14.3% net
3-year return	8.8% net	9.1% net
5-year return	0.1% net	2.6% net
10-year return	—	5.1% net
Risk
Volatility (3y)	14.7%	18.9%
Volatility (5y)	16.9%	20.7%
Volatility (10y)	—	21.1%
Sharpe ratio (3y)	0.37	0.34
Sharpe ratio (5y)	—	0.2
Sharpe ratio (10y)	—	0.24
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

REIT VanEck FTSE International Property (AUD Hedged) ETF

Low-cost: a 0.2% management fee keeps more of the return in your pocket.
Pays a useful 4.76% income yield.

Has lagged most peers over 5 years (161st of 189).

Full REIT analysis →

VAP Vanguard Australian Property Securities Index ETF

Low-cost: a 0.22% management fee keeps more of the return in your pocket.

Has lagged most peers over 1 year (296th of 318).

Full VAP analysis →

Frequently Asked Questions

What's the difference between REIT vs VAP?

REIT and VAP are 2 Australian-listed ETFs we compare side by side. REIT carries the lower management fee (0.2%). Over 5 years, VAP has delivered the higher total return (2.6% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - REIT vs VAP?

REIT has the lower management fee at 0.2% a year, versus VAP 0.22%.

Which has performed higher - REIT vs VAP?

Over the past 5 years, VAP has delivered the higher total return at 2.6% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

REIT pays the higher at 4.76%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

VAP is the larger fund by assets ($2.8bn). Larger funds are typically more liquid and trade on tighter spreads.

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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.