VHY vs R3AL - Compare ETFs side by side

At a glance

Comparing VHY and R3AL. VHY has the lower management fee at 0.25% a year, VHY has the higher 10 years return at 10.2% a year, and VHY offers the higher at 3.51%.

Lower fee

VHY 0.25% p.a.

Higher 10 years return

VHY 10.2% p.a.

Higher yield

VHY 3.51%

Lower volatility

VHY 13.4% (10y)

Larger fund

VHY $8.2bn

Side-by-side comparison

Metric	VHY Vanguard Australian Shares High Yield ETF	R3AL Martin Currie Real Income Fund - Active ETF
Snapshot
Provider	Vanguard	—
Tracks index	FTSE Australia High Dividend Yield Index	—
Categories	AU, Dividend	AU, Dividend, Active
Listed since	2011 (15 yrs)	—
Fund size (AUM)	$8.2bn	$462m
Cost & income
Management fee	0.25%	0.85%
Dividend yield	3.51%	3.08%
Franking	85%	30%
Turnover	20%	28%
Tax drag	0.73%	1.39%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	12.3% net	-6.5% net
3-year return	14.8% net	4.3% net
5-year return	11.9% net	-2.4% net
10-year return	10.2% net	-0.9% net
Risk
Volatility (3y)	9.4%	10.2%
Volatility (5y)	11.7%	14.1%
Volatility (10y)	13.4%	15.6%
Sharpe ratio (3y)	1.09	—
Sharpe ratio (5y)	0.74	—
Sharpe ratio (10y)	0.63	—
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

VHY Vanguard Australian Shares High Yield ETF

Top-20% returns over 5 years (37th of 189 ETFs we track).
Low-cost: a 0.25% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: IOZ, VAS, and SYI.

Full VHY analysis →

R3AL Martin Currie Real Income Fund - Active ETF

Has lagged most peers over 10 years (109th of 110).

Full R3AL analysis →

Frequently Asked Questions

What's the difference between VHY vs R3AL?

VHY and R3AL are 2 Australian-listed ETFs we compare side by side. VHY carries the lower management fee (0.25%). Over 10 years, VHY has delivered the higher total return (10.2% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - VHY vs R3AL?

VHY has the lower management fee at 0.25% a year, versus R3AL 0.85%.

Which has performed higher - VHY vs R3AL?

Over the past 10 years, VHY has delivered the higher total return at 10.2% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

VHY pays the higher at 3.51%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

VHY is the larger fund by assets ($8.2bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

VHY vs SYI VHY vs IHD VHY vs IOZ VHY vs VAS VHY vs AQLT VHY vs WDIV R3AL vs SYI R3AL vs IHD

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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.