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HVST.AX vs. VHY.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HVST.AX vs. VHY.AX

Last updated Jul 16, 2026
Documentation

HVST.AX (Betashares Australian Dividend Harvester Active ETF) and VHY.AX (Vanguard Australian Shares High Yield ETF) are both Dividend funds. HVST.AX is actively managed, while VHY.AX is passively managed. Over the past 10 years, HVST.AX returned 2.51%/yr vs 9.28%/yr for VHY.AX. Their correlation of 0.80 suggests significant overlap in exposure.

Performance

HVST.AX vs. VHY.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Australian Dividend Harvester Active ETF (HVST.AX) and Vanguard Australian Shares High Yield ETF (VHY.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HVST.AX achieves a -0.74% return, which is significantly lower than VHY.AX's 8.22% return. Over the past 10 years, HVST.AX has underperformed VHY.AX with an annualized return of 2.51%, while VHY.AX has yielded a comparatively higher 9.28% annualized return.

HVST.AX

1D
0.23%
1M
-0.37%
6M
-0.30%
YTD
-0.74%
1Y
0.11%
3Y*
7.22%
5Y*
4.49%
10Y*
2.51%

VHY.AX

1D
0.20%
1M
-0.91%
6M
9.04%
YTD
8.22%
1Y
15.11%
3Y*
12.91%
5Y*
9.87%
10Y*
9.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HVST.AX vs. VHY.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HVST.AX
Betashares Australian Dividend Harvester Active ETF		-0.74%6.89%10.85%8.84%-3.51%8.41%-2.12%13.98%-6.21%-10.08%
VHY.AX
Vanguard Australian Shares High Yield ETF		8.22%14.77%9.04%9.83%7.71%16.73%1.71%20.44%-8.52%7.84%

Correlation

The correlation between HVST.AX and VHY.AX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (5Y)
Calculated over the trailing 5-year period

0.85

Correlation (10Y)
Calculated over the trailing 10-year period

0.82

Correlation (All Time)
Calculated using the full available price history since Oct 29, 2014

0.80

The correlation between HVST.AX and VHY.AX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Betashares Australian Dividend Harvester Active ETF

Vanguard Australian Shares High Yield ETF

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Return for Risk

HVST.AX vs. VHY.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HVST.AX
HVST.AX Risk / Return Rank: 1010
Overall Rank
HVST.AX Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
HVST.AX Sortino Ratio Rank: 99
Sortino Ratio Rank
HVST.AX Omega Ratio Rank: 99
Omega Ratio Rank
HVST.AX Calmar Ratio Rank: 1010
Calmar Ratio Rank
HVST.AX Martin Ratio Rank: 1010
Martin Ratio Rank
VHY.AX
VHY.AX Risk / Return Rank: 5858
Overall Rank
VHY.AX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
VHY.AX Sortino Ratio Rank: 5555
Sortino Ratio Rank
VHY.AX Omega Ratio Rank: 5252
Omega Ratio Rank
VHY.AX Calmar Ratio Rank: 7777
Calmar Ratio Rank
VHY.AX Martin Ratio Rank: 5353
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HVST.AX vs. VHY.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Betashares Australian Dividend Harvester Active ETF (HVST.AX) and Vanguard Australian Shares High Yield ETF (VHY.AX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

HVST.AXVHY.AXDifference
Sharpe ratioReturn per unit of total volatility
0.06
1.49

-1.43

Sortino ratioReturn per unit of downside risk
0.18
2.15

-1.98

Omega ratioGain probability vs. loss probability

1.02

1.27

-0.24

Calmar ratioReturn relative to maximum drawdown

0.08

3.18

-3.10

Martin ratioReturn relative to average drawdown

0.17

7.34

-7.17

HVST.AX vs. VHY.AX - Sharpe Ratio Comparison

The current HVST.AX Sharpe Ratio is 0.06, which is lower than the VHY.AX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of HVST.AX and VHY.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HVST.AX vs. VHY.AX - Drawdown Comparison

The maximum HVST.AX drawdown since its inception was -23.38%, smaller than the maximum VHY.AX drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for HVST.AX and VHY.AX.

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Drawdown Indicators

HVST.AXVHY.AXDifference

Max Drawdown

Largest peak-to-trough decline

-23.38%

-35.54%

+12.16%

Max Drawdown (1Y)

Largest decline over 1 year

-9.23%

-4.84%

-4.39%

Max Drawdown (3Y)

Largest decline over 3 years

-13.07%

-11.68%

-1.39%

Max Drawdown (5Y)

Largest decline over 5 years

-14.71%

-14.41%

-0.30%

Max Drawdown (10Y)

Largest decline over 10 years

-18.92%

-35.54%

+16.62%

Current Drawdown

Current decline from peak

-4.62%

-1.80%

-2.82%

Average Drawdown

Average peak-to-trough decline

-9.57%

-4.87%

-4.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.51%

2.14%

+2.37%

Volatility

HVST.AX vs. VHY.AX - Volatility Comparison

Betashares Australian Dividend Harvester Active ETF (HVST.AX) has a higher volatility of 2.47% compared to Vanguard Australian Shares High Yield ETF (VHY.AX) at 2.23%. This indicates that HVST.AX's price experiences larger fluctuations and is considered to be riskier than VHY.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HVST.AXVHY.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.47%

2.23%

+0.24%

Volatility (6M)

Calculated over the trailing 6-month period

9.68%

8.14%

+1.54%

Volatility (1Y)

Calculated over the trailing 1-year period

12.08%

10.37%

+1.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.03%

12.70%

-0.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.15%

14.30%

-3.15%

Dividends

HVST.AX vs. VHY.AX - Dividend Comparison

HVST.AX's dividend yield for the trailing twelve months is around 4.29%, more than VHY.AX's 2.76% yield.

PositionTTM20252024202320222021202020192018201720162015
HVST.AX
Betashares Australian Dividend Harvester Active ETF		4.29%5.26%4.93%6.13%6.64%6.19%7.01%10.96%10.87%10.37%9.21%8.07%
VHY.AX
Vanguard Australian Shares High Yield ETF		2.76%8.37%2.92%3.73%5.02%4.84%3.54%5.35%7.81%5.69%3.84%6.40%

Frequently Asked Questions

HVST.AX and VHY.AX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: BetaShares and Vanguard.

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