VHY.AX vs. HVST.AX
VHY.AX (Vanguard Australian Shares High Yield ETF) and HVST.AX (Betashares Australian Dividend Harvester Active ETF) are both Dividend funds. VHY.AX is passively managed, while HVST.AX is actively managed. Over the past 10 years, VHY.AX returned 9.25%/yr vs 2.42%/yr for HVST.AX. Their correlation of 0.80 suggests significant overlap in exposure.
Performance
VHY.AX vs. HVST.AX - Performance Comparison
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Returns By Period
In the year-to-date period, VHY.AX achieves a 7.83% return, which is significantly higher than HVST.AX's -1.27% return. Over the past 10 years, VHY.AX has outperformed HVST.AX with an annualized return of 9.25%, while HVST.AX has yielded a comparatively lower 2.42% annualized return.
VHY.AX
- 1D
- -0.20%
- 1M
- -1.13%
- 6M
- 7.42%
- YTD
- 7.83%
- 1Y
- 14.72%
- 3Y*
- 12.80%
- 5Y*
- 9.79%
- 10Y*
- 9.25%
HVST.AX
- 1D
- -0.53%
- 1M
- -1.34%
- 6M
- -1.92%
- YTD
- -1.27%
- 1Y
- -0.57%
- 3Y*
- 7.14%
- 5Y*
- 4.38%
- 10Y*
- 2.42%
VHY.AX vs. HVST.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHY.AX Vanguard Australian Shares High Yield ETF | 7.83% | 14.77% | 9.04% | 9.83% | 7.71% | 16.73% | 1.71% | 20.44% | -8.52% | 7.84% |
HVST.AX Betashares Australian Dividend Harvester Active ETF | -1.27% | 6.89% | 10.85% | 8.84% | -3.51% | 8.41% | -2.12% | 13.98% | -6.21% | -10.08% |
Correlation
The correlation between VHY.AX and HVST.AX is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2014 | 0.80 |
The correlation between VHY.AX and HVST.AX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
VHY.AX vs. HVST.AX — Risk / Return Rank
VHY.AX
HVST.AX
VHY.AX vs. HVST.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Australian Shares High Yield ETF (VHY.AX) and Betashares Australian Dividend Harvester Active ETF (HVST.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.
| VHY.AX | HVST.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.00 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | -0.06 | +2.98 |
| Martin ratioReturn relative to average drawdown | 6.71 | -0.12 | +6.84 |
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Drawdowns
VHY.AX vs. HVST.AX - Drawdown Comparison
The maximum VHY.AX drawdown since its inception was -35.54%, which is greater than HVST.AX's maximum drawdown of -23.38%. Use the drawdown chart below to compare losses from any high point for VHY.AX and HVST.AX.
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Drawdown Indicators
| VHY.AX | HVST.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -23.38% | -12.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -9.23% | +4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -11.68% | -13.07% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -14.41% | -14.71% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -18.92% | -16.62% |
Current DrawdownCurrent decline from peak | -2.15% | -5.13% | +2.98% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -9.57% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 4.53% | -2.39% |
Volatility
VHY.AX vs. HVST.AX - Volatility Comparison
The current volatility for Vanguard Australian Shares High Yield ETF (VHY.AX) is 2.18%, while Betashares Australian Dividend Harvester Active ETF (HVST.AX) has a volatility of 2.50%. This indicates that VHY.AX experiences smaller price fluctuations and is considered to be less risky than HVST.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHY.AX | HVST.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 2.50% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 9.68% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.34% | 12.07% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.70% | 12.03% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 11.15% | +3.14% |
Dividends
VHY.AX vs. HVST.AX - Dividend Comparison
VHY.AX's dividend yield for the trailing twelve months is around 2.77%, less than HVST.AX's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HVST.AX Betashares Australian Dividend Harvester Active ETF | 4.31% | 5.26% | 4.93% | 6.13% | 6.64% | 6.19% | 7.01% | 10.96% | 10.87% | 10.37% | 9.21% | 8.07% |
VHY.AX Vanguard Australian Shares High Yield ETF | 2.77% | 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
VHY.AX and HVST.AX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Vanguard and BetaShares.
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