Grow it · ETFs

VAF vs VCF vs VGB vs VIF

Compare fees, returns, income and risk for these 4 ASX-listed ETFs side by side.

At a glance

Comparing VAF, VCF, VGB, and VIF. VAF has the lowest management fee at 0.1% a year, VAF has the highest 10 years return at 1.4% a year, and VCF offers the highest at 10.08%.
Lowest fee
VAF 0.1% p.a.
Highest 10 years return
VAF 1.4% p.a.
Highest yield
VCF 10.08%
Lowest volatility
VIF 4% (10y)
Largest fund
VAF $3.9bn

Side-by-side comparison

Metric VAF
Vanguard Australian Fixed Interest Index ETF
VCF
Vanguard International Credit Securities Index (Hedged) ETF
VGB
Vanguard Australian Government Bond Index ETF
VIF
Vanguard International Fixed Interest Index (Hedged) ETF
Snapshot
Provider
Vanguard
Vanguard
Vanguard
Vanguard
Tracks index
Bloomberg AusBond Composite 0+ Yr Index
Bloomberg Global Aggregate Credit Float Adjusted Index (AUD Hedged)
Bloomberg AusBond Govt 0+ Yr Index
Bloomberg Global Aggregate ex AUD Float Adjusted Index (AUD Hedged)
Categories
AU, Bonds
Intl, Market-Cap
AU, Bonds
Intl, Market-Cap
Listed since
2012 (14 yrs)
2017 (9 yrs)
2012 (14 yrs)
2015 (11 yrs)
Fund size (AUM)
$3.9bn
$173m
$1.4bn
$861m
Cost & income
Management fee
0.1%
0.3%
0.16%
0.2%
Dividend yield
3.27%
10.08%
3.32%
9.29%
Franking
0%
0%
0%
0%
Turnover
30%
20%
25%
20%
Tax drag 1.77% 3.71% 1.66% 3.45%
Returns
Tax bracket
1-year return
-0.5%
net
-0.9%
net
-0.9%
net
-1.9%
net
3-year return
3.5%
net
4.2%
net
3.2%
net
2.2%
net
5-year return
-0.1%
net
-0.8%
net
-0.5%
net
-1.6%
net
10-year return
1.4%
net
1.2%
net
1.1%
net
0.3%
net
Risk
Volatility (3y)
3.9%
4.6%
4.2%
4.1%
Volatility (5y)
5.4%
6%
5.8%
4.8%
Volatility (10y)
4.5%
5.3%
4.9%
4%
Sharpe ratio (3y)
—
0.1
—
—
Sharpe ratio (5y)
—
—
—
—
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

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).
VCF Vanguard International Credit Securities Index (Hedged) ETF
  • Low-cost: a 0.3% management fee keeps more of the return in your pocket.
  • High 10.08% income yield — good for investors who want regular cash flow.
  • Has lagged most peers over 10 years (102nd of 110).
VGB Vanguard Australian Government Bond Index ETF
  • Low-cost: a 0.16% management fee keeps more of the return in your pocket.
  • Low volatility (4.85% over 10 years) for a smoother ride.
  • Has lagged most peers over 10 years (104th of 110).
VIF Vanguard International Fixed Interest Index (Hedged) ETF
  • Low-cost: a 0.2% management fee keeps more of the return in your pocket.
  • High 9.29% income yield — good for investors who want regular cash flow.
  • Has lagged most peers over 10 years (108th of 110).

Frequently Asked Questions

What's the difference between VAF vs VCF vs VGB vs VIF?

VAF, VCF, VGB, and VIF are 4 Australian-listed ETFs we compare side by side. VAF carries the lowest management fee (0.1%). Over 10 years, VAF 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 - VAF vs VCF vs VGB vs VIF?

VAF has the lowest management fee at 0.1% a year, versus VCF 0.3%, VGB 0.16%, and VIF 0.2%.

Which has performed highest - VAF vs VCF vs VGB vs VIF?

Over the past 10 years, VAF 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?

VCF pays the highest at 10.08%. 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

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.

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