VAP vs SLF - Compare ETFs side by side

At a glance

Comparing VAP and SLF. SLF has the lower management fee at 0.16% a year, VAP has the higher 10 years return at 5.2% a year, and SLF offers the higher at 4.82%.

Lower fee

SLF 0.16% p.a.

Higher 10 years return

VAP 5.2% p.a.

Higher yield

SLF 4.82%

Higher risk-adjusted

VAP Sharpe 0.25 (10y)

Lower volatility

VAP 21% (10y)

Larger fund

VAP $3bn

Side-by-side comparison

Metric	VAP Vanguard Australian Property Securities Index ETF	SLF State Street SPDR S&P/ASX 200 Listed Property ETF
Snapshot
Provider	Vanguard	State Street
Tracks index	S&P/ASX 300 A-REIT Index	S&P/ASX 200 A-REIT Index
Categories	AU, Thematic, Market-Cap	AU, Thematic
Listed since	2010 (16 yrs)	—
Fund size (AUM)	$3bn	$496m
Cost & income
Management fee	0.22%	0.16%
Dividend yield	2.92%	4.82%
Franking	20%	10%
Turnover	8%	15%
Tax drag	0.96%	1.76%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	-5.2% net	-5.5% net
3-year return	9.7% net	9.9% net
5-year return	5.3% net	5.3% net
10-year return	5.2% net	4.9% net
Risk
Volatility (3y)	19.2%	19.4%
Volatility (5y)	20.6%	20.7%
Volatility (10y)	21%	21.1%
Sharpe ratio (3y)	0.37	0.37
Sharpe ratio (5y)	0.2	0.2
Sharpe ratio (10y)	0.25	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

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 →

SLF State Street SPDR S&P/ASX 200 Listed Property ETF

Low-cost: a 0.16% management fee keeps more of the return in your pocket.
Pays a useful 4.82% income yield.

Has lagged most peers over 1 year (284th of 308).

Full SLF analysis →

Frequently Asked Questions

What's the difference between VAP vs SLF?

VAP and SLF are 2 Australian-listed ETFs we compare side by side. SLF carries the lower management fee (0.16%). Over 10 years, VAP has delivered the higher total return (5.2% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - VAP vs SLF?

SLF has the lower management fee at 0.16% a year, versus VAP 0.22%.

Which has performed higher - VAP vs SLF?

Over the past 10 years, VAP has delivered the higher total return at 5.2% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

SLF pays the higher at 4.82%. 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.

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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.