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Vanguard Australian Shares Index ETF (VAS.AX) Diversifiers

ETF · Currency in AUD · Last updated Jul 16, 2026

The Vanguard Australian Shares Index ETF seeks to track the performance of the S&P/ASX 300 Index, providing low-cost, broadly diversified exposure to the largest 300 Australian companies listed on the Australian Securities Exchange. The fund covers approximately the entire Australian equity market by capitalization.

Looking to diversify beyond VAS.AX? The ETFs below have the lowest correlation with VAS.AX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from VAS.AX.

Best Diversifiers for VAS.AX

0 ETFs have low correlation with VAS.AX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Global Value Equity Active ETF (VVLU.AX) (Global Equities) with a 1Y correlation of 0.45, roughly unchanged from 0.55 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VVLU.AX
Vanguard Global Value Equity Active ETF0.450.470.55
60
Global EquitiesVAS.AX vs VVLU.AX
VEU.AX
Vanguard All-World ex-US Shares Index ETF0.640.600.63
51
Global EquitiesVAS.AX vs VEU.AX
VGAD.AX
Vanguard MSCI Index International Shares (Hedged) ...0.650.690.74
65
Global EquitiesVAS.AX vs VGAD.AX
VHY.AX
Vanguard Australian Shares High Yield ETF0.840.870.89
58
DividendVAS.AX vs VHY.AX

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Diversification Analysis

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