VGB vs OZBD - Compare ETFs side by side

At a glance

Comparing VGB and OZBD. VGB has the lower management fee at 0.16% a year, OZBD has the higher 3 years return at 4.3% a year, and OZBD offers the higher at 4.23%.

Lower fee

VGB 0.16% p.a.

Higher 3 years return

OZBD 4.3% p.a.

Higher yield

OZBD 4.23%

Lower volatility

VGB 4.3% (3y)

Larger fund

VGB $1.4bn

Side-by-side comparison

Metric	VGB Vanguard Australian Government Bond Index ETF	OZBD BetaShares Australian Composite Bond ETF
Snapshot
Provider	Vanguard	BetaShares
Tracks index	Bloomberg AusBond Govt 0+ Yr Index	Solactive Australian Composite Bond Select Index
Categories	AU, Bonds	AU, Bonds
Listed since	2012 (14 yrs)	2022 (4 yrs)
Fund size (AUM)	$1.4bn	$1.4bn
Cost & income
Management fee	0.16%	0.19%
Dividend yield	3.27%	4.23%
Franking	0%	0%
Turnover	25%	25%
Tax drag	1.65%	1.95%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	0.7% net	1.1% net
3-year return	3.2% net	4.3% net
5-year return	-0.6% net	—
10-year return	1.3% net	—
Risk
Volatility (3y)	4.3%	4.8%
Volatility (5y)	5.8%	—
Volatility (10y)	4.8%	—
Sharpe ratio (3y)	—	0.14
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

VGB Vanguard Australian Government Bond Index ETF

Low-cost: a 0.16% management fee keeps more of the return in your pocket.
Low volatility (4.84% over 10 years) for a smoother ride.

Has lagged most peers over 10 years (102nd of 108).

Full VGB analysis →

OZBD BetaShares Australian Composite Bond ETF

Low-cost: a 0.19% management fee keeps more of the return in your pocket.
Pays a useful 4.23% income yield.

Has lagged most peers over 3 years (185th of 226).

Full OZBD analysis →

Frequently Asked Questions

What's the difference between VGB vs OZBD?

VGB and OZBD are 2 Australian-listed ETFs we compare side by side. VGB carries the lower management fee (0.16%). Over 3 years, OZBD has delivered the higher total return (4.3% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - VGB vs OZBD?

VGB has the lower management fee at 0.16% a year, versus OZBD 0.19%.

Which has performed higher - VGB vs OZBD?

Over the past 3 years, OZBD has delivered the higher total return at 4.3% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

OZBD pays the higher at 4.23%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

VGB is the larger fund by assets ($1.4bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

VGB vs VAF VGB vs IAF VGB vs ILB VGB vs VIF VGB vs 1GOV VGB vs 5GOV OZBD vs IAF OZBD vs VAF

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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.