PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VESG.AX vs. VDHG.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VESG.AX vs. VDHG.AX

Last updated Jul 16, 2026
Documentation

VESG.AX (Vanguard Ethically Conscious International Shares Index ETF) and VDHG.AX (Vanguard Diversified High Growth INDEX ETF) are both exchange-traded funds - VESG.AX is a Global Equities fund tracking the Vanguard Ethically Conscious International Shares Index Index, while VDHG.AX is a Large Cap Growth Equities fund actively managed by Vanguard. VESG.AX is passively managed, while VDHG.AX is actively managed. Over the past 5 years, VESG.AX returned 12.18%/yr vs 8.38%/yr for VDHG.AX. A 0.79 correlation means they provide meaningful diversification when combined.

Performance

VESG.AX vs. VDHG.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard Ethically Conscious International Shares Index ETF (VESG.AX) and Vanguard Diversified High Growth INDEX ETF (VDHG.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, VESG.AX achieves a 6.51% return, which is significantly higher than VDHG.AX's 4.70% return.

VESG.AX

1D
-0.32%
1M
1.11%
6M
5.63%
YTD
6.51%
1Y
15.76%
3Y*
18.48%
5Y*
12.18%
10Y*
—

VDHG.AX

1D
0.11%
1M
0.11%
6M
3.96%
YTD
4.70%
1Y
11.41%
3Y*
13.12%
5Y*
8.38%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VESG.AX vs. VDHG.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VESG.AX
Vanguard Ethically Conscious International Shares Index ETF		6.51%12.41%30.88%25.56%-17.69%29.71%9.79%30.11%-11.40%
VDHG.AX
Vanguard Diversified High Growth INDEX ETF		4.70%12.88%16.45%14.96%-9.95%16.40%7.66%23.67%-8.79%

Correlation

The correlation between VESG.AX and VDHG.AX is 0.77, 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

0.77

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

0.76

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

0.81

Correlation (All Time)
Calculated using the full available price history since Sep 11, 2018

0.79

The correlation between VESG.AX and VDHG.AX has been stable across timeframes, ranging from 0.76 to 0.81 - 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.

Vanguard Ethically Conscious International Shares Index ETF

Vanguard Diversified High Growth INDEX ETF

Often compared with VDHG.AX:
VDHG.AX vs. DHHF.AXVDHG.AX vs. VHY.AXVDHG.AX vs. VDGR.AXVDHG.AX vs. XUSE.ASVDHG.AX vs. GARPVDHG.AX vs. VYMIVDHG.AX vs. VDBA.AX

Return for Risk

VESG.AX vs. VDHG.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VESG.AX
VESG.AX Risk / Return Rank: 4242
Overall Rank
VESG.AX Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
VESG.AX Sortino Ratio Rank: 4747
Sortino Ratio Rank
VESG.AX Omega Ratio Rank: 5353
Omega Ratio Rank
VESG.AX Calmar Ratio Rank: 2929
Calmar Ratio Rank
VESG.AX Martin Ratio Rank: 3232
Martin Ratio Rank
VDHG.AX
VDHG.AX Risk / Return Rank: 4242
Overall Rank
VDHG.AX Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
VDHG.AX Sortino Ratio Rank: 4141
Sortino Ratio Rank
VDHG.AX Omega Ratio Rank: 4343
Omega Ratio Rank
VDHG.AX Calmar Ratio Rank: 3838
Calmar Ratio Rank
VDHG.AX Martin Ratio Rank: 4545
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard Ethically Conscious International Shares Index ETF (VESG.AX) and Vanguard Diversified High Growth INDEX ETF (VDHG.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.

VESG.AXVDHG.AXDifference
Sharpe ratioReturn per unit of total volatility
1.41
1.25

+0.16

Sortino ratioReturn per unit of downside risk
1.98
1.77

+0.21

Omega ratioGain probability vs. loss probability

1.27

1.23

+0.04

Calmar ratioReturn relative to maximum drawdown

1.24

1.63

-0.39

Martin ratioReturn relative to average drawdown

3.71

5.88

-2.18

VESG.AX vs. VDHG.AX - Sharpe Ratio Comparison

The current VESG.AX Sharpe Ratio is 1.41, which is comparable to the VDHG.AX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of VESG.AX and VDHG.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

VESG.AX vs. VDHG.AX - Drawdown Comparison

The maximum VESG.AX drawdown since its inception was -23.90%, smaller than the maximum VDHG.AX drawdown of -28.34%. Use the drawdown chart below to compare losses from any high point for VESG.AX and VDHG.AX.

Loading charts...

Drawdown Indicators

VESG.AXVDHG.AXDifference

Max Drawdown

Largest peak-to-trough decline

-23.90%

-28.34%

+4.44%

Max Drawdown (1Y)

Largest decline over 1 year

-12.59%

-7.32%

-5.27%

Max Drawdown (3Y)

Largest decline over 3 years

-14.93%

-12.49%

-2.44%

Max Drawdown (5Y)

Largest decline over 5 years

-23.90%

-17.16%

-6.74%

Current Drawdown

Current decline from peak

-0.75%

-0.32%

-0.43%

Average Drawdown

Average peak-to-trough decline

-5.02%

-3.66%

-1.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.30%

2.05%

+2.25%

Volatility

VESG.AX vs. VDHG.AX - Volatility Comparison

Vanguard Ethically Conscious International Shares Index ETF (VESG.AX) has a higher volatility of 3.06% compared to Vanguard Diversified High Growth INDEX ETF (VDHG.AX) at 1.75%. This indicates that VESG.AX's price experiences larger fluctuations and is considered to be riskier than VDHG.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VESG.AXVDHG.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.06%

1.75%

+1.31%

Volatility (6M)

Calculated over the trailing 6-month period

9.02%

7.87%

+1.15%

Volatility (1Y)

Calculated over the trailing 1-year period

11.12%

9.59%

+1.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.36%

10.76%

+2.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.06%

11.75%

+2.31%

Dividends

VESG.AX vs. VDHG.AX - Dividend Comparison

VESG.AX's dividend yield for the trailing twelve months is around 1.09%, less than VDHG.AX's 2.93% yield.

PositionTTM20252024202320222021202020192018
VDHG.AX
Vanguard Diversified High Growth INDEX ETF		2.93%3.94%2.07%2.27%4.42%8.02%5.03%3.87%1.88%
VESG.AX
Vanguard Ethically Conscious International Shares Index ETF		1.09%1.47%0.73%1.45%1.83%0.99%1.47%1.37%0.00%

Frequently Asked Questions

VESG.AX and VDHG.AX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VESG.AX is categorized as Global Equities, while VDHG.AX is Large Cap Growth Equities.

Portfolio Optimizer

Find the right allocation for VESG.AX and VDHG.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