Grow it · ETFs

VIF vs VCF vs VGB vs VAF

Compare fees, returns, income and risk for these 4 ASX-listed ETFs side by side.

At a glance

Comparing VIF, VCF, VGB, and VAF. VAF has the lowest management fee at 0.1% a year, VAF has the highest 10 years return at 1.5% a year, and VCF offers the highest at 9.9%.
Lowest fee
VAF 0.1% p.a.
Highest 10 years return
VAF 1.5% p.a.
Highest yield
VCF 9.9%
Lowest volatility
VIF 4% (10y)
Largest fund
VAF $3.8bn

Side-by-side comparison

Metric VIF
Vanguard International Fixed Interest Index (Hedged) ETF
VCF
Vanguard International Credit Securities Index (Hedged) ETF
VGB
Vanguard Australian Government Bond Index ETF
VAF
Vanguard Australian Fixed Interest Index ETF
Snapshot
Provider
Vanguard
Vanguard
Vanguard
Vanguard
Tracks index
Bloomberg Global Aggregate ex AUD Float Adjusted Index (AUD Hedged)
Bloomberg Global Aggregate Credit Float Adjusted Index (AUD Hedged)
Bloomberg AusBond Govt 0+ Yr Index
Bloomberg AusBond Composite 0+ Yr Index
Categories
Intl, Market-Cap
Intl, Market-Cap
AU, Bonds
AU, Bonds
Listed since
2015 (11 yrs)
2017 (9 yrs)
2012 (14 yrs)
2012 (14 yrs)
Fund size (AUM)
$882m
$173m
$1.4bn
$3.8bn
Cost & income
Management fee
0.2%
0.3%
0.16%
0.1%
Dividend yield
9.13%
9.9%
3.27%
3.24%
Franking
0%
0%
0%
0%
Turnover
20%
20%
25%
30%
Tax drag 3.4% 3.65% 1.65% 1.76%
Returns
Tax bracket
1-year return
0.7%
net
2.5%
net
0.7%
net
1%
net
3-year return
2%
net
4%
net
3.2%
net
3.6%
net
5-year return
-1.5%
net
-0.7%
net
-0.6%
net
-0.2%
net
10-year return
0.4%
net
1.4%
net
1.3%
net
1.5%
net
Risk
Volatility (3y)
4.1%
4.6%
4.3%
4%
Volatility (5y)
4.8%
6%
5.8%
5.4%
Volatility (10y)
4%
5.2%
4.8%
4.5%
Sharpe ratio (3y)
0.1
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

VIF Vanguard International Fixed Interest Index (Hedged) ETF
  • Low-cost: a 0.2% management fee keeps more of the return in your pocket.
  • High 9.13% income yield — good for investors who want regular cash flow.
  • Has lagged most peers over 10 years (106th of 108).
VCF Vanguard International Credit Securities Index (Hedged) ETF
  • Low-cost: a 0.3% management fee keeps more of the return in your pocket.
  • High 9.9% income yield — good for investors who want regular cash flow.
  • Has lagged most peers over 10 years (99th of 108).
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).
VAF Vanguard Australian Fixed Interest Index ETF
  • Low-cost: a 0.1% management fee keeps more of the return in your pocket.
  • Low volatility (4.45% over 10 years) for a smoother ride.
  • Has lagged most peers over 10 years (97th of 108).

Frequently Asked Questions

What's the difference between VIF vs VCF vs VGB vs VAF?

VIF, VCF, VGB, and VAF are 4 Australian-listed ETFs we compare side by side. VAF carries the lowest management fee (0.1%). Over 10 years, VAF has delivered the highest total return (1.5% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - VIF vs VCF vs VGB vs VAF?

VAF has the lowest management fee at 0.1% a year, versus VIF 0.2%, VCF 0.3%, and VGB 0.16%.

Which has performed highest - VIF vs VCF vs VGB vs VAF?

Over the past 10 years, VAF has delivered the highest total return at 1.5% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

VCF pays the highest at 9.9%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

VAF is the largest fund by assets ($3.8bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

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.

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