SFY vs ILC vs VLC vs IOZ - Compare ETFs side by side

At a glance

Comparing SFY, ILC, VLC, and IOZ. IOZ has the lowest management fee at 0.05% a year, ILC has the highest 10 years return at 9.6% a year, and SFY offers the highest at 4%.

Lowest fee

IOZ 0.05% p.a.

Highest 10 years return

ILC 9.6% p.a.

Highest yield

SFY 4%

Highest risk-adjusted

ILC Sharpe 0.6 (10y)

Lowest volatility

ILC 13% (10y)

Largest fund

IOZ $9.6bn

Side-by-side comparison

Metric	SFY State Street SPDR S&P/ASX 50 ETF	ILC iShares S&P/ASX 20 ETF	VLC Vanguard MSCI Australian Large Companies Index ETF	IOZ iShares Core S&P/ASX 200 ETF
Snapshot
Provider	State Street	iShares	Vanguard	iShares
Tracks index	S&P/ASX 50 Index	S&P/ASX 20 Index	MSCI Australian Shares Large Cap Index	S&P/ASX 200 Index
Categories	AU, Large-Cap	AU, Large-Cap, Market-Cap	AU, Large-Cap, Market-Cap	AU, Large-Cap, Market-Cap
Listed since	2001 (25 yrs)	2010 (16 yrs)	2011 (15 yrs)	2010 (16 yrs)
Fund size (AUM)	$707m	$792m	$312m	$9.6bn
Cost & income
Management fee	0.2%	0.24%	0.2%	0.05%
Dividend yield	4%	3.74%	3.14%	3.4%
Franking	80%	78%	80%	80%
Turnover	6%	6%	5%	3%
Tax drag	0.49%	0.49%	0.39%	0.37%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	4.2% net	8.2% net	7.1% net	2.6% net
3-year return	11.2% net	12.6% net	12.3% net	11.3% net
5-year return	8.1% net	9.1% net	9.2% net	7.6% net
10-year return	8.9% net	9.6% net	9.6% net	8.9% net
Risk
Volatility (3y)	10.5%	10.9%	11.5%	10.7%
Volatility (5y)	12%	12.4%	12.7%	12.4%
Volatility (10y)	13%	13%	13.2%	13.4%
Sharpe ratio (3y)	0.68	0.77	0.71	0.68
Sharpe ratio (5y)	0.43	0.49	0.49	0.38
Sharpe ratio (10y)	0.55	0.6	0.59	0.54
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

SFY State Street SPDR S&P/ASX 50 ETF

Low-cost: a 0.2% management fee keeps more of the return in your pocket.
Pays a useful 4% income yield.

Cheaper alternatives exist: IOZ, STW, and VAS.

Full SFY analysis →

ILC iShares S&P/ASX 20 ETF

Low-cost: a 0.24% management fee keeps more of the return in your pocket.
Pays a useful 3.74% income yield.

Cheaper alternatives exist: IOZ, STW, and VAS.

Full ILC analysis →

VLC Vanguard MSCI Australian Large Companies Index ETF

Low-cost: a 0.2% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: IOZ and VAS.

Full VLC analysis →

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 →

Frequently Asked Questions

What's the difference between SFY vs ILC vs VLC vs IOZ?

SFY, ILC, VLC, and IOZ are 4 Australian-listed ETFs we compare side by side. IOZ carries the lowest management fee (0.05%). Over 10 years, ILC has delivered the highest total return (9.6% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - SFY vs ILC vs VLC vs IOZ?

IOZ has the lowest management fee at 0.05% a year, versus SFY 0.2%, ILC 0.24%, and VLC 0.2%.

Which has performed highest - SFY vs ILC vs VLC vs IOZ?

Over the past 10 years, ILC has delivered the highest total return at 9.6% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

SFY pays the highest at 4%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

IOZ is the largest fund by assets ($9.6bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

SFY vs STW SFY vs VAS ILC vs STW ILC vs VAS VLC vs VAS IOZ vs STW IOZ vs VAS IOZ vs A200

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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.