PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VACF.AX vs. PLUS.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VACF.AX vs. PLUS.AX

Last updated Jul 16, 2026
Documentation

VACF.AX (Vanguard Australian Corporate Fixed Interest Index ETF) and PLUS.AX (VanEck Australian Corporate Bond Plus ETF) are both Corporate Bonds funds - VACF.AX tracks the Vanguard Australian Corporate Fixed Interest Index Index while PLUS.AX tracks the VanEck Australian Corporate Bond Plus Index. Both are passively managed. Over the past 5 years, VACF.AX returned 1.09%/yr vs 1.01%/yr for PLUS.AX. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

VACF.AX vs. PLUS.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard Australian Corporate Fixed Interest Index ETF (VACF.AX) and VanEck Australian Corporate Bond Plus ETF (PLUS.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both investments are quite close, with VACF.AX having a 1.14% return and PLUS.AX slightly higher at 1.15%.

VACF.AX

1D
0.20%
1M
0.37%
6M
1.63%
YTD
1.14%
1Y
1.80%
3Y*
4.32%
5Y*
1.09%
10Y*
2.36%

PLUS.AX

1D
0.12%
1M
0.27%
6M
0.67%
YTD
1.15%
1Y
1.90%
3Y*
5.38%
5Y*
1.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VACF.AX vs. PLUS.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VACF.AX
Vanguard Australian Corporate Fixed Interest Index ETF		1.14%3.96%3.77%6.53%-7.54%-1.64%4.64%6.84%2.77%2.91%
PLUS.AX
VanEck Australian Corporate Bond Plus ETF		1.15%5.01%5.49%7.67%-10.32%-2.09%5.51%8.91%2.97%2.77%

Correlation

The correlation between VACF.AX and PLUS.AX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.69

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

0.68

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

0.72

Correlation (All Time)
Calculated using the full available price history since May 9, 2017

0.56

The correlation between VACF.AX and PLUS.AX shifts across timeframes, from 0.56 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

Vanguard Australian Corporate Fixed Interest Index ETF

VanEck Australian Corporate Bond Plus ETF

Return for Risk

VACF.AX vs. PLUS.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VACF.AX
VACF.AX Risk / Return Rank: 1616
Overall Rank
VACF.AX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
VACF.AX Sortino Ratio Rank: 1616
Sortino Ratio Rank
VACF.AX Omega Ratio Rank: 1616
Omega Ratio Rank
VACF.AX Calmar Ratio Rank: 1616
Calmar Ratio Rank
VACF.AX Martin Ratio Rank: 1515
Martin Ratio Rank
PLUS.AX
PLUS.AX Risk / Return Rank: 1616
Overall Rank
PLUS.AX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
PLUS.AX Sortino Ratio Rank: 1616
Sortino Ratio Rank
PLUS.AX Omega Ratio Rank: 1515
Omega Ratio Rank
PLUS.AX Calmar Ratio Rank: 1515
Calmar Ratio Rank
PLUS.AX Martin Ratio Rank: 1515
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.

VACF.AX vs. PLUS.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Australian Corporate Fixed Interest Index ETF (VACF.AX) and VanEck Australian Corporate Bond Plus ETF (PLUS.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.

VACF.AXPLUS.AXDifference
Sharpe ratioReturn per unit of total volatility
0.48
0.47

0.00

Sortino ratioReturn per unit of downside risk
0.69
0.70

-0.01

Omega ratioGain probability vs. loss probability

1.09

1.08

+0.01

Calmar ratioReturn relative to maximum drawdown

0.50

0.45

+0.05

Martin ratioReturn relative to average drawdown

1.05

0.96

+0.09

VACF.AX vs. PLUS.AX - Sharpe Ratio Comparison

The current VACF.AX Sharpe Ratio is 0.48, which is comparable to the PLUS.AX Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of VACF.AX and PLUS.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

VACF.AX vs. PLUS.AX - Drawdown Comparison

The maximum VACF.AX drawdown since its inception was -12.40%, smaller than the maximum PLUS.AX drawdown of -16.54%. Use the drawdown chart below to compare losses from any high point for VACF.AX and PLUS.AX.

Loading charts...

Drawdown Indicators

VACF.AXPLUS.AXDifference

Max Drawdown

Largest peak-to-trough decline

-12.40%

-16.54%

+4.14%

Max Drawdown (1Y)

Largest decline over 1 year

-3.34%

-3.81%

+0.47%

Max Drawdown (3Y)

Largest decline over 3 years

-3.34%

-3.81%

+0.47%

Max Drawdown (5Y)

Largest decline over 5 years

-12.40%

-16.54%

+4.14%

Max Drawdown (10Y)

Largest decline over 10 years

-12.40%

—

—

Current Drawdown

Current decline from peak

-0.46%

-0.83%

+0.37%

Average Drawdown

Average peak-to-trough decline

-2.38%

-3.57%

+1.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.60%

1.82%

-0.22%

Volatility

VACF.AX vs. PLUS.AX - Volatility Comparison

The current volatility for Vanguard Australian Corporate Fixed Interest Index ETF (VACF.AX) is 0.71%, while VanEck Australian Corporate Bond Plus ETF (PLUS.AX) has a volatility of 0.76%. This indicates that VACF.AX experiences smaller price fluctuations and is considered to be less risky than PLUS.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VACF.AXPLUS.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.71%

0.76%

-0.05%

Volatility (6M)

Calculated over the trailing 6-month period

2.75%

2.72%

+0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

3.49%

3.63%

-0.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.73%

5.28%

-1.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.75%

6.90%

-3.15%

Dividends

VACF.AX vs. PLUS.AX - Dividend Comparison

VACF.AX's dividend yield for the trailing twelve months is around 2.91%, less than PLUS.AX's 3.68% yield.

PositionTTM2025202420232022202120202019201820172016
PLUS.AX
VanEck Australian Corporate Bond Plus ETF		3.68%4.15%3.44%2.99%3.06%2.20%2.42%3.41%2.57%0.94%0.00%
VACF.AX
Vanguard Australian Corporate Fixed Interest Index ETF		2.91%3.82%1.52%1.33%0.52%1.83%2.90%2.54%1.80%2.29%1.77%

Frequently Asked Questions

VACF.AX and PLUS.AX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VACF.AX tracks Vanguard Australian Corporate Fixed Interest Index Index, while PLUS.AX tracks VanEck Australian Corporate Bond Plus Index. They also come from different issuers: Vanguard and VanEck.

Portfolio Optimizer

Find the right allocation for VACF.AX and PLUS.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