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VDHG.AX vs. GARP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VDHG.AX vs. GARP

Last updated Jun 4, 2026

VDHG.AX (Vanguard Diversified High Growth INDEX ETF) and GARP (iShares MSCI USA Quality GARP ETF) are both Large Cap Growth Equities funds. VDHG.AX is actively managed, while GARP is passively managed. Over the past 5 years, VDHG.AX returned 8.71%/yr vs 22.27%/yr for GARP. At a 0.07 correlation, their price movements are largely independent. VDHG.AX charges 0.27%/yr vs 0.15%/yr for GARP.

Performance

VDHG.AX vs. GARP - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard Diversified High Growth INDEX ETF (VDHG.AX) and iShares MSCI USA Quality GARP ETF (GARP). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VDHG.AX is traded in AUD, while GARP is traded in USD. To make them comparable, the GARP values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VDHG.AX achieves a 4.28% return, which is significantly lower than GARP's 13.54% return.

VDHG.AX

1D
0.66%
1M
3.58%
YTD
4.28%
6M
5.37%
1Y
14.57%
3Y*
14.42%
5Y*
8.71%
10Y*
—

GARP

1D
-0.26%
1M
12.52%
YTD
13.54%
6M
12.78%
1Y
30.21%
3Y*
30.24%
5Y*
22.27%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDHG.AX vs. GARP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
VDHG.AX
Vanguard Diversified High Growth INDEX ETF		4.28%12.88%17.84%15.49%-9.55%13.42%4.14%
GARP
iShares MSCI USA Quality GARP ETF		13.54%12.67%51.24%42.96%-21.90%35.49%13.42%

Correlation

The correlation between VDHG.AX and GARP is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.08

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

0.09

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

0.07

Correlation (All Time)
Calculated using the full available price history since Jan 17, 2020

0.07

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 High Growth INDEX ETF

iShares MSCI USA Quality GARP ETF

Often compared with VDHG.AX:
VDHG.AX vs. DHHF.AXVDHG.AX vs. VHY.AXVDHG.AX vs. XUSE.ASVDHG.AX vs. VDGR.AXVDHG.AX vs. VYMIVDHG.AX vs. QTOPVDHG.AX vs. VFMF
Often compared with GARP:
GARP vs. SPGPGARP vs. SPMOGARP vs. SCHGGARP vs. QUALGARP vs. VUGGARP vs. SPYGARP vs. SPHQ

Return for Risk

VDHG.AX vs. GARP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VDHG.AX
VDHG.AX Risk / Return Rank: 4343
Overall Rank
VDHG.AX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
VDHG.AX Sortino Ratio Rank: 4343
Sortino Ratio Rank
VDHG.AX Omega Ratio Rank: 4646
Omega Ratio Rank
VDHG.AX Calmar Ratio Rank: 4040
Calmar Ratio Rank
VDHG.AX Martin Ratio Rank: 4545
Martin Ratio Rank
GARP
GARP Risk / Return Rank: 6868
Overall Rank
GARP Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
GARP Sortino Ratio Rank: 6868
Sortino Ratio Rank
GARP Omega Ratio Rank: 6767
Omega Ratio Rank
GARP Calmar Ratio Rank: 6363
Calmar Ratio Rank
GARP Martin Ratio Rank: 6868
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.

VDHG.AX vs. GARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Diversified High Growth INDEX ETF (VDHG.AX) and iShares MSCI USA Quality GARP ETF (GARP). 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.

VDHG.AXGARPDifference
Sharpe ratioReturn per unit of total volatility
1.52
2.01

-0.49

Sortino ratioReturn per unit of downside risk
2.15
2.71

-0.56

Omega ratioGain probability vs. loss probability

1.29

1.35

-0.06

Calmar ratioReturn relative to maximum drawdown

1.97

2.04

-0.07

Martin ratioReturn relative to average drawdown

7.48

6.15

+1.33

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VDHG.AX vs. GARP - Sharpe Ratio Comparison

The current VDHG.AX Sharpe Ratio is 1.52, which is comparable to the GARP Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of VDHG.AX and GARP, 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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Sharpe Ratios by Period

VDHG.AXGARPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.52

2.01

-0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.80

1.15

-0.35

Sharpe Ratio (All Time)

Calculated using the full available price history

0.80

0.96

-0.16

Drawdowns

VDHG.AX vs. GARP - Drawdown Comparison

The maximum VDHG.AX drawdown since its inception was -28.34%, roughly equal to the maximum GARP drawdown of -28.90%. Use the drawdown chart below to compare losses from any high point for VDHG.AX and GARP.

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Drawdown Indicators

VDHG.AXGARPDifference

Max Drawdown

Largest peak-to-trough decline

-28.34%

-28.90%

+0.56%

Max Drawdown (1Y)

Largest decline over 1 year

-7.32%

-14.87%

+7.55%

Max Drawdown (3Y)

Largest decline over 3 years

-12.49%

-22.44%

+9.95%

Max Drawdown (5Y)

Largest decline over 5 years

-17.16%

-28.90%

+11.74%

Current Drawdown

Current decline from peak

0.00%

-0.26%

+0.26%

Average Drawdown

Average peak-to-trough decline

-3.66%

-6.22%

+2.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

4.92%

-2.98%

Volatility

VDHG.AX vs. GARP - Volatility Comparison

The current volatility for Vanguard Diversified High Growth INDEX ETF (VDHG.AX) is 2.71%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 3.69%. This indicates that VDHG.AX experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VDHG.AXGARPDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.71%

3.69%

-0.98%

Volatility (6M)

Calculated over the trailing 6-month period

7.69%

11.54%

-3.85%

Volatility (1Y)

Calculated over the trailing 1-year period

9.54%

15.18%

-5.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.81%

19.44%

-8.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.84%

21.62%

-9.78%

VDHG.AX vs. GARP - Expense Ratio Comparison

VDHG.AX has a 0.27% expense ratio, which is higher than GARP's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VDHG.AX vs. GARP - Dividend Comparison

VDHG.AX's dividend yield for the trailing twelve months is around 3.23%, more than GARP's 0.25% yield.

PositionTTM20252024202320222021202020192018
GARP
iShares MSCI USA Quality GARP ETF		0.25%0.31%0.38%0.75%1.85%0.67%0.75%0.00%0.00%
VDHG.AX
Vanguard Diversified High Growth INDEX ETF		3.23%3.94%3.15%2.68%4.94%5.52%5.09%3.87%2.48%

Frequently Asked Questions

VDHG.AX and GARP have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GARP is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GARP is cheaper with a 0.15% expense ratio, compared with 0.27% for VDHG.AX.

They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.27% for VDHG.AX and 0.15% for GARP.

Portfolio Optimizer

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