PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IHD.AX vs. VHY.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHD.AX vs. VHY.AX

Last updated Jul 16, 2026
Documentation

IHD.AX (iShares S&P/ASX Dividend Opportunities ESG Screened ETF) and VHY.AX (Vanguard Australian Shares High Yield ETF) are both Dividend funds - IHD.AX tracks the iShares S&P/ASX Dividend Opportunities ESG Screened Index while VHY.AX tracks the FTSE Australia High Dividend Yield Index. Both are passively managed. Over the past 10 years, IHD.AX returned 8.02%/yr vs 9.28%/yr for VHY.AX. Their correlation of 0.83 suggests significant overlap in exposure.

Performance

IHD.AX vs. VHY.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD.AX) and Vanguard Australian Shares High Yield ETF (VHY.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IHD.AX achieves a 6.05% return, which is significantly lower than VHY.AX's 8.22% return. Over the past 10 years, IHD.AX has underperformed VHY.AX with an annualized return of 8.02%, while VHY.AX has yielded a comparatively higher 9.28% annualized return.

IHD.AX

1D
-0.06%
1M
-1.76%
6M
5.07%
YTD
6.05%
1Y
18.31%
3Y*
14.60%
5Y*
9.20%
10Y*
8.02%

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)

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

2026 (YTD)202520242023202220212020201920182017
IHD.AX
iShares S&P/ASX Dividend Opportunities ESG Screened ETF		6.05%20.16%7.98%13.98%-0.62%10.21%-3.33%24.74%-10.48%8.59%
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 IHD.AX and VHY.AX is 0.86, 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

0.86

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

0.87

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

0.88

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

0.83

Correlation (All Time)
Calculated using the full available price history since May 23, 2011

0.83

The correlation between IHD.AX and VHY.AX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/ASX Dividend Opportunities ESG Screened ETF

Vanguard Australian Shares High Yield ETF

Often compared with VHY.AX:
VHY.AX vs. VAS.AXVHY.AX vs. VDHG.AXVHY.AX vs. VDGR.AXVHY.AX vs. VSO.AXVHY.AX vs. VDBA.AXVHY.AX vs. VAE.AXVHY.AX vs. RCD.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IHD.AX
IHD.AX Risk / Return Rank: 5757
Overall Rank
IHD.AX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
IHD.AX Sortino Ratio Rank: 5454
Sortino Ratio Rank
IHD.AX Omega Ratio Rank: 5353
Omega Ratio Rank
IHD.AX Calmar Ratio Rank: 6666
Calmar Ratio Rank
IHD.AX Martin Ratio Rank: 5959
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD.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.

IHD.AXVHY.AXDifference
Sharpe ratioReturn per unit of total volatility
1.51
1.49

+0.02

Sortino ratioReturn per unit of downside risk
2.15
2.15

-0.01

Omega ratioGain probability vs. loss probability

1.27

1.27

+0.01

Calmar ratioReturn relative to maximum drawdown

2.67

3.18

-0.51

Martin ratioReturn relative to average drawdown

8.30

7.34

+0.96

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

The current IHD.AX Sharpe Ratio is 1.51, which is comparable to the VHY.AX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of IHD.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.

Loading charts...

Drawdowns

IHD.AX vs. VHY.AX - Drawdown Comparison

The maximum IHD.AX drawdown since its inception was -36.45%, roughly equal to the maximum VHY.AX drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for IHD.AX and VHY.AX.

Loading charts...

Drawdown Indicators

IHD.AXVHY.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.45%

-35.54%

-0.91%

Max Drawdown (1Y)

Largest decline over 1 year

-7.00%

-4.84%

-2.16%

Max Drawdown (3Y)

Largest decline over 3 years

-10.58%

-11.68%

+1.10%

Max Drawdown (5Y)

Largest decline over 5 years

-14.00%

-14.41%

+0.41%

Max Drawdown (10Y)

Largest decline over 10 years

-36.45%

-35.54%

-0.91%

Current Drawdown

Current decline from peak

-1.76%

-1.80%

+0.04%

Average Drawdown

Average peak-to-trough decline

-5.61%

-4.87%

-0.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

2.14%

+0.14%

Volatility

IHD.AX vs. VHY.AX - Volatility Comparison

iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD.AX) and Vanguard Australian Shares High Yield ETF (VHY.AX) have volatilities of 2.23% and 2.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IHD.AXVHY.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.23%

2.23%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

9.68%

8.14%

+1.54%

Volatility (1Y)

Calculated over the trailing 1-year period

12.40%

10.37%

+2.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.00%

12.70%

+0.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.97%

14.30%

+0.67%

Dividends

IHD.AX vs. VHY.AX - Dividend Comparison

IHD.AX's dividend yield for the trailing twelve months is around 4.03%, more than VHY.AX's 2.76% yield.

PositionTTM20252024202320222021202020192018201720162015
IHD.AX
iShares S&P/ASX Dividend Opportunities ESG Screened ETF		4.03%4.16%5.53%4.56%6.57%5.33%1.93%6.41%6.10%4.91%3.79%6.85%
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

IHD.AX and VHY.AX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IHD.AX tracks iShares S&P/ASX Dividend Opportunities ESG Screened Index, while VHY.AX tracks FTSE Australia High Dividend Yield Index. They also come from different issuers: iShares and Vanguard.

Portfolio Optimizer

Find the right allocation for IHD.AX and VHY.AX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer