VAP vs REIT - Compare ETFs side by side

At a glance

Comparing VAP and REIT. REIT has the lower management fee at 0.2% a year, VAP has the higher 5 years return at 5.3% a year, and REIT offers the higher at 4.36%.

Lower fee

REIT 0.2% p.a.

Higher 5 years return

VAP 5.3% p.a.

Higher yield

REIT 4.36%

Higher risk-adjusted

VAP Sharpe 0.37 (3y)

Lower volatility

REIT 16.9% (5y)

Larger fund

VAP $3bn

Side-by-side comparison

Metric	VAP Vanguard Australian Property Securities Index ETF	REIT VanEck FTSE International Property (AUD Hedged) ETF
Snapshot
Provider	Vanguard	VanEck
Tracks index	S&P/ASX 300 A-REIT Index	FTSE EPRA Nareit Developed ex Australia Rental Hedged into AUD Index
Categories	AU, Thematic, Market-Cap	Intl, Thematic
Listed since	2010 (16 yrs)	2017 (9 yrs)
Fund size (AUM)	$3bn	$803m
Cost & income
Management fee	0.22%	0.2%
Dividend yield	2.92%	4.36%
Franking	20%	0%
Turnover	8%	5%
Tax drag	0.96%	1.52%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	-5.2% net	18.7% net
3-year return	9.7% net	8.7% net
5-year return	5.3% net	0.9% net
10-year return	5.2% net	—
Risk
Volatility (3y)	19.2%	14.8%
Volatility (5y)	20.6%	16.9%
Volatility (10y)	21%	—
Sharpe ratio (3y)	0.37	0.36
Sharpe ratio (5y)	0.2	—
Sharpe ratio (10y)	0.25	—
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

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 (283rd of 308).

Full VAP analysis →

REIT VanEck FTSE International Property (AUD Hedged) ETF

Top-18% returns over 1 year (56th of 308 ETFs we track).
Low-cost: a 0.2% management fee keeps more of the return in your pocket.

Has lagged most peers over 5 years (157th of 188).

Full REIT analysis →

Frequently Asked Questions

What's the difference between VAP vs REIT?

VAP and REIT 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 (5.3% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - VAP vs REIT?

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

Which has performed higher - VAP vs REIT?

Over the past 5 years, VAP has delivered the higher total return at 5.3% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

REIT pays the higher at 4.36%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

VAP is the larger fund by assets ($3bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

VAP vs MVA VAP vs DJRE VAP vs RCAP VAP vs SLF REIT vs DJRE REIT vs RCAP REIT vs MVA REIT vs QGRU

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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.