VHY vs SYI vs IHD vs IOZ - Compare ETFs side by side

At a glance

Comparing VHY, SYI, IHD, and IOZ. IOZ has the lowest management fee at 0.05% a year, VHY has the highest 10 years return at 10.2% a year, and SYI offers the highest at 7.36%.

Lowest fee

IOZ 0.05% p.a.

Highest 10 years return

VHY 10.2% p.a.

Highest yield

SYI 7.36%

Highest risk-adjusted

VHY Sharpe 0.63 (10y)

Lowest volatility

IOZ 13.3% (10y)

Largest fund

IOZ $9.3bn

Side-by-side comparison

Metric	VHY Vanguard Australian Shares High Yield ETF	SYI State Street SPDR MSCI Australia Select High Dividend Yield ETF	IHD iShares S&P/ASX Dividend Opportunities ESG Screened ETF	IOZ iShares Core S&P/ASX 200 ETF
Snapshot
Provider	Vanguard	State Street	iShares	iShares
Tracks index	FTSE Australia High Dividend Yield Index	MSCI Australia Select High Dividend Yield Index	S&P/ASX Dividend Opportunities ESG Screened Index	S&P/ASX 200 Index
Categories	AU, Dividend	AU, Dividend, Factor	AU, Dividend, ESG	AU, Large-Cap, Market-Cap
Listed since	2011 (15 yrs)	2010 (16 yrs)	2010 (16 yrs)	2010 (16 yrs)
Fund size (AUM)	$8bn	$705m	$408m	$9.3bn
Cost & income
Management fee	0.25%	0.2%	0.22%	0.05%
Dividend yield	3.47%	7.36%	3.95%	3.37%
Franking	85%	85%	80%	80%
Turnover	20%	25%	35%	3%
Tax drag	0.73%	1.13%	1.18%	0.36%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	17.9% net	15% net	19.4% net	5.9% net
3-year return	14.4% net	13% net	14.8% net	10.3% net
5-year return	11.5% net	9.8% net	9.5% net	7.9% net
10-year return	10.2% net	8.8% net	8.2% net	8.9% net
Risk
Volatility (3y)	9.5%	9.2%	10.2%	10.7%
Volatility (5y)	11.7%	12.2%	12.4%	12.4%
Volatility (10y)	13.4%	13.8%	13.6%	13.3%
Sharpe ratio (3y)	1.04	0.93	1.01	0.59
Sharpe ratio (5y)	0.72	0.57	0.54	0.42
Sharpe ratio (10y)	0.63	0.53	0.49	0.55
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-19% returns over 5 years (35th of 188 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 →

SYI State Street SPDR MSCI Australia Select High Dividend Yield ETF

Low-cost: a 0.2% management fee keeps more of the return in your pocket.
High 7.36% income yield — good for investors who want regular cash flow.

Cheaper alternatives exist: IOZ and VAS.

Full SYI analysis →

IHD iShares S&P/ASX Dividend Opportunities ESG Screened ETF

Top-17% returns over 1 year (51st of 308 ETFs we track).
Low-cost: a 0.22% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: IOZ, VAS, and SYI.

Full IHD analysis →

IOZ iShares Core S&P/ASX 200 ETF

Low-cost: a 0.05% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: MQAE and A200.

Full IOZ analysis →

Frequently Asked Questions

What's the difference between VHY vs SYI vs IHD vs IOZ?

VHY, SYI, IHD, and IOZ are 4 Australian-listed ETFs we compare side by side. IOZ carries the lowest management fee (0.05%). Over 10 years, VHY has delivered the highest total return (10.2% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - VHY vs SYI vs IHD vs IOZ?

IOZ has the lowest management fee at 0.05% a year, versus VHY 0.25%, SYI 0.2%, and IHD 0.22%.

Which has performed highest - VHY vs SYI vs IHD vs IOZ?

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

Which pays the highest dividend yield?

SYI pays the highest at 7.36%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

IOZ is the largest fund by assets ($9.3bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

VHY vs VAS VHY vs AQLT VHY vs R3AL VHY vs WDIV SYI vs VAS SYI vs R3AL SYI vs WDIV SYI vs AYLD

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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.