VLC vs ILC vs SFY vs IOZ - Compare ETFs side by side

At a glance

Comparing VLC, ILC, SFY, and IOZ. IOZ has the lowest management fee at 0.05% a year, VLC has the highest 10 years return at 9.8% a year, and SFY offers the highest at 3.77%.

Lowest fee

IOZ 0.05% p.a.

Highest 10 years return

VLC 9.8% p.a.

Highest yield

SFY 3.77%

Highest risk-adjusted

ILC Sharpe 0.62 (10y)

Lowest volatility

ILC 13% (10y)

Largest fund

IOZ $9.3bn

Side-by-side comparison

Metric	VLC Vanguard MSCI Australian Large Companies Index ETF	ILC iShares S&P/ASX 20 ETF	SFY State Street SPDR S&P/ASX 50 ETF	IOZ iShares Core S&P/ASX 200 ETF
Snapshot
Provider	Vanguard	iShares	State Street	iShares
Tracks index	MSCI Australian Shares Large Cap Index	S&P/ASX 20 Index	S&P/ASX 50 Index	S&P/ASX 200 Index
Categories	AU, Large-Cap, Market-Cap	AU, Large-Cap, Market-Cap	AU, Large-Cap	AU, Large-Cap, Market-Cap
Listed since	2011 (15 yrs)	2010 (16 yrs)	2001 (25 yrs)	2010 (16 yrs)
Fund size (AUM)	$323m	$803m	$731m	$9.3bn
Cost & income
Management fee	0.2%	0.24%	0.2%	0.05%
Dividend yield	3.05%	3.65%	3.77%	3.37%
Franking	80%	78%	80%	80%
Turnover	5%	6%	6%	3%
Tax drag	0.38%	0.48%	0.47%	0.36%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	10.9% net	11.7% net	6.7% net	5.9% net
3-year return	12.5% net	12.6% net	10.7% net	10.3% net
5-year return	9.4% net	9.2% net	8.4% net	7.9% net
10-year return	9.8% net	9.7% net	9% net	8.9% net
Risk
Volatility (3y)	11.4%	10.9%	10.5%	10.7%
Volatility (5y)	12.7%	12.4%	12%	12.4%
Volatility (10y)	13.2%	13%	13%	13.3%
Sharpe ratio (3y)	0.74	0.77	0.63	0.59
Sharpe ratio (5y)	0.52	0.52	0.47	0.42
Sharpe ratio (10y)	0.61	0.62	0.56	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

VLC Vanguard MSCI Australian Large Companies Index ETF

Low-cost: a 0.2% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: IOZ and VAS.

Full VLC analysis →

ILC iShares S&P/ASX 20 ETF

Low-cost: a 0.24% management fee keeps more of the return in your pocket.
Pays a useful 3.65% income yield.

Cheaper alternatives exist: IOZ, STW, and VAS.

Full ILC analysis →

SFY State Street SPDR S&P/ASX 50 ETF

Low-cost: a 0.2% management fee keeps more of the return in your pocket.
Pays a useful 3.77% income yield.

Cheaper alternatives exist: IOZ, STW, and VAS.

Full SFY 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 VLC vs ILC vs SFY vs IOZ?

VLC, ILC, SFY, and IOZ are 4 Australian-listed ETFs we compare side by side. IOZ carries the lowest management fee (0.05%). Over 10 years, VLC has delivered the highest total return (9.8% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - VLC vs ILC vs SFY vs IOZ?

IOZ has the lowest management fee at 0.05% a year, versus VLC 0.2%, ILC 0.24%, and SFY 0.2%.

Which has performed highest - VLC vs ILC vs SFY vs IOZ?

Over the past 10 years, VLC has delivered the highest total return at 9.8% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

SFY pays the highest at 3.77%. 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

VLC vs VAS ILC vs STW ILC vs VAS SFY vs STW SFY vs VAS IOZ vs STW IOZ vs VAS IOZ vs A200

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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.