PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VDGR.AX vs. VAF.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VDGR.AX vs. VAF.AX

Last updated Jul 16, 2026
Documentation

VDGR.AX (Vanguard Diversified Growth Index ETF) and VAF.AX (Vanguard Australian Fixed Interest Index ETF) are both exchange-traded funds - VDGR.AX is a Diversified Portfolio fund tracking the Growth Composite Index, while VAF.AX is a Total Bond Market fund tracking the Vanguard Australian Fixed Interest Index Index. Both are passively managed. Over the past 5 years, VDGR.AX returned 6.32%/yr vs -0.70%/yr for VAF.AX. At a 0.18 correlation, their price movements are largely independent.

Performance

VDGR.AX vs. VAF.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard Diversified Growth Index ETF (VDGR.AX) and Vanguard Australian Fixed Interest Index ETF (VAF.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, VDGR.AX achieves a 3.70% return, which is significantly higher than VAF.AX's 0.68% return.

VDGR.AX

1D
0.06%
1M
-0.13%
6M
3.29%
YTD
3.70%
1Y
9.56%
3Y*
10.85%
5Y*
6.32%
10Y*
—

VAF.AX

1D
0.07%
1M
0.00%
6M
1.33%
YTD
0.68%
1Y
0.69%
3Y*
2.84%
5Y*
-0.70%
10Y*
1.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDGR.AX vs. VAF.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VDGR.AX
Vanguard Diversified Growth Index ETF		3.70%11.12%12.97%12.54%-10.56%12.28%7.09%19.35%-1.25%1.14%
VAF.AX
Vanguard Australian Fixed Interest Index ETF		0.68%3.33%1.52%4.67%-10.66%-3.03%4.31%6.98%3.70%-0.37%

Correlation

The correlation between VDGR.AX and VAF.AX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.36

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

0.35

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

0.34

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2017

0.18

The correlation between VDGR.AX and VAF.AX shifts across timeframes, from 0.18 (all time) to 0.36 (1 year), 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 Diversified Growth Index ETF

Vanguard Australian Fixed Interest Index ETF

Often compared with VDGR.AX:
VDGR.AX vs. VHY.AXVDGR.AX vs. VDHG.AXVDGR.AX vs. VDBA.AXVDGR.AX vs. VAS.AXVDGR.AX vs. VSO.AXVDGR.AX vs. VAE.AXVDGR.AX vs. VWRA.L

Return for Risk

VDGR.AX vs. VAF.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VDGR.AX
VDGR.AX Risk / Return Rank: 4141
Overall Rank
VDGR.AX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
VDGR.AX Sortino Ratio Rank: 4141
Sortino Ratio Rank
VDGR.AX Omega Ratio Rank: 4343
Omega Ratio Rank
VDGR.AX Calmar Ratio Rank: 3838
Calmar Ratio Rank
VDGR.AX Martin Ratio Rank: 4444
Martin Ratio Rank
VAF.AX
VAF.AX Risk / Return Rank: 1111
Overall Rank
VAF.AX Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
VAF.AX Sortino Ratio Rank: 1111
Sortino Ratio Rank
VAF.AX Omega Ratio Rank: 1111
Omega Ratio Rank
VAF.AX Calmar Ratio Rank: 1111
Calmar Ratio Rank
VAF.AX Martin Ratio Rank: 1111
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.

VDGR.AX vs. VAF.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Diversified Growth Index ETF (VDGR.AX) and Vanguard Australian Fixed Interest Index ETF (VAF.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.

VDGR.AXVAF.AXDifference
Sharpe ratioReturn per unit of total volatility
1.23
0.21

+1.02

Sortino ratioReturn per unit of downside risk
1.80
0.32

+1.48

Omega ratioGain probability vs. loss probability

1.24

1.04

+0.20

Calmar ratioReturn relative to maximum drawdown

1.63

0.17

+1.46

Martin ratioReturn relative to average drawdown

5.87

0.34

+5.53

VDGR.AX vs. VAF.AX - Sharpe Ratio Comparison

The current VDGR.AX Sharpe Ratio is 1.23, which is higher than the VAF.AX Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of VDGR.AX and VAF.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

VDGR.AX vs. VAF.AX - Drawdown Comparison

The maximum VDGR.AX drawdown since its inception was -23.90%, which is greater than VAF.AX's maximum drawdown of -16.26%. Use the drawdown chart below to compare losses from any high point for VDGR.AX and VAF.AX.

Loading charts...

Drawdown Indicators

VDGR.AXVAF.AXDifference

Max Drawdown

Largest peak-to-trough decline

-23.90%

-16.26%

-7.64%

Max Drawdown (1Y)

Largest decline over 1 year

-5.99%

-4.47%

-1.52%

Max Drawdown (3Y)

Largest decline over 3 years

-10.00%

-4.47%

-5.53%

Max Drawdown (5Y)

Largest decline over 5 years

-15.79%

-15.63%

-0.16%

Max Drawdown (10Y)

Largest decline over 10 years

—

-16.26%

—

Current Drawdown

Current decline from peak

-0.48%

-5.19%

+4.71%

Average Drawdown

Average peak-to-trough decline

-3.35%

-4.17%

+0.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.69%

2.31%

-0.62%

Volatility

VDGR.AX vs. VAF.AX - Volatility Comparison

Vanguard Diversified Growth Index ETF (VDGR.AX) has a higher volatility of 1.33% compared to Vanguard Australian Fixed Interest Index ETF (VAF.AX) at 0.61%. This indicates that VDGR.AX's price experiences larger fluctuations and is considered to be riskier than VAF.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VDGR.AXVAF.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.33%

0.61%

+0.72%

Volatility (6M)

Calculated over the trailing 6-month period

6.65%

2.82%

+3.83%

Volatility (1Y)

Calculated over the trailing 1-year period

7.96%

3.66%

+4.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.97%

4.90%

+4.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.61%

4.29%

+5.32%

Dividends

VDGR.AX vs. VAF.AX - Dividend Comparison

VDGR.AX's dividend yield for the trailing twelve months is around 3.67%, more than VAF.AX's 2.30% yield.

PositionTTM20252024202320222021202020192018201720162015
VAF.AX
Vanguard Australian Fixed Interest Index ETF		2.30%3.08%1.29%0.96%0.41%2.41%3.24%2.49%1.95%2.01%3.69%2.90%
VDGR.AX
Vanguard Diversified Growth Index ETF		3.67%3.04%1.60%2.04%3.42%8.07%5.20%2.91%1.56%0.00%0.00%0.00%

Frequently Asked Questions

VDGR.AX and VAF.AX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VDGR.AX is categorized as Diversified Portfolio, while VAF.AX is Total Bond Market. VDGR.AX tracks Growth Composite Index, while VAF.AX tracks Vanguard Australian Fixed Interest Index Index.

Portfolio Optimizer

Find the right allocation for VDGR.AX and VAF.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