PortfoliosLab logoPortfoliosLab logo

Documentation

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

VHY.AX vs. VDHG.AX

Last updated Apr 3, 2026

Compare and contrast key facts about Vanguard Australian Shares High Yield ETF (VHY.AX) and Vanguard Diversified High Growth INDEX ETF (VDHG.AX).

VHY.AX and VDHG.AX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VHY.AX is a passively managed fund by Vanguard that tracks the performance of the FTSE Australia High Dividend Yield Index. It was launched on May 23, 2011. VDHG.AX is an actively managed fund by Vanguard. It was launched on Nov 20, 2017.

Performance

VHY.AX vs. VDHG.AX - Performance Comparison

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

Loading graphics...

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

2026 (YTD)202520242023202220212020201920182017
VHY.AX
Vanguard Australian Shares High Yield ETF		6.97%14.77%11.78%11.14%8.51%16.65%1.73%20.44%-7.53%0.73%
VDHG.AX
Vanguard Diversified High Growth INDEX ETF		-3.17%12.88%17.84%15.49%-9.55%13.42%7.74%23.67%-2.22%1.42%

Returns By Period

In the year-to-date period, VHY.AX achieves a 6.97% return, which is significantly higher than VDHG.AX's -3.17% return.

VHY.AX

1D
-0.40%
1M
-1.44%
YTD
6.97%
6M
7.85%
1Y
23.57%
3Y*
14.14%
5Y*
12.39%
10Y*
10.89%

VDHG.AX

1D
-0.39%
1M
-3.52%
YTD
-3.17%
6M
-2.23%
1Y
11.44%
3Y*
12.11%
5Y*
8.16%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 Shares High Yield ETF

Vanguard Diversified High Growth INDEX ETF

Often compared with VHY.AX:
VHY.AX vs. VSO.AX
Often compared with VDHG.AX:
VDHG.AX vs. DHHF.AXVDHG.AX vs. XUSE.ASVDHG.AX vs. GARPVDHG.AX vs. VYMIVDHG.AX vs. VFMFVDHG.AX vs. IVVVDHG.AX vs. QTOP

VHY.AX vs. VDHG.AX - Expense Ratio Comparison

VHY.AX has a 0.25% expense ratio, which is lower than VDHG.AX's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

VDHG.AX
Vanguard Diversified High Growth INDEX ETF
VHY.AX
Vanguard Australian Shares High Yield ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VHY.AX
VHY.AX Risk / Return Rank: 9090
Overall Rank
VHY.AX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VHY.AX Sortino Ratio Rank: 8989
Sortino Ratio Rank
VHY.AX Omega Ratio Rank: 8888
Omega Ratio Rank
VHY.AX Calmar Ratio Rank: 9595
Calmar Ratio Rank
VHY.AX Martin Ratio Rank: 9292
Martin Ratio Rank
VDHG.AX
VDHG.AX Risk / Return Rank: 5151
Overall Rank
VDHG.AX Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
VDHG.AX Sortino Ratio Rank: 4545
Sortino Ratio Rank
VDHG.AX Omega Ratio Rank: 4949
Omega Ratio Rank
VDHG.AX Calmar Ratio Rank: 5757
Calmar Ratio Rank
VDHG.AX Martin Ratio Rank: 5656
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.

VHY.AX vs. VDHG.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 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.

VHY.AXVDHG.AXDifference

Sharpe ratio

Return per unit of total volatility

1.92

0.90

+1.01

Sortino ratio

Return per unit of downside risk

2.60

1.32

+1.28

Omega ratio

Gain probability vs. loss probability

1.38

1.20

+0.18

Calmar ratio

Return relative to maximum drawdown

5.17

1.72

+3.45

Martin ratio

Return relative to average drawdown

14.92

6.55

+8.37

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

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

The current VHY.AX Sharpe Ratio is 1.92, which is higher than the VDHG.AX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of VHY.AX and VDHG.AX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

VHY.AXVDHG.AXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.92

0.90

+1.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

0.75

+0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.73

-0.06

Correlation

The correlation between VHY.AX and VDHG.AX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VHY.AX vs. VDHG.AX - Dividend Comparison

VHY.AX's dividend yield for the trailing twelve months is around 5.54%, more than VDHG.AX's 3.48% yield.

TTM20252024202320222021202020192018201720162015
VHY.AX
Vanguard Australian Shares High Yield ETF		5.54%8.36%5.32%4.85%5.74%4.77%3.55%5.35%9.07%7.49%5.16%8.07%
VDHG.AX
Vanguard Diversified High Growth INDEX ETF		3.48%3.94%3.15%2.68%4.94%5.52%5.09%3.87%2.48%0.00%0.00%0.00%

Drawdowns

VHY.AX vs. VDHG.AX - Drawdown Comparison

The maximum VHY.AX drawdown since its inception was -35.54%, which is greater than VDHG.AX's maximum drawdown of -28.34%. Use the drawdown chart below to compare losses from any high point for VHY.AX and VDHG.AX.

Loading graphics...

Drawdown Indicators

VHY.AXVDHG.AXDifference

Max Drawdown

Largest peak-to-trough decline

-35.54%

-28.34%

-7.20%

Max Drawdown (1Y)

Largest decline over 1 year

-6.54%

-7.32%

+0.78%

Max Drawdown (5Y)

Largest decline over 5 years

-14.41%

-17.16%

+2.75%

Max Drawdown (10Y)

Largest decline over 10 years

-35.54%

—

—

Current Drawdown

Current decline from peak

-2.15%

-4.98%

+2.83%

Average Drawdown

Average peak-to-trough decline

-4.64%

-3.71%

-0.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.68%

1.92%

-0.24%

Volatility

VHY.AX vs. VDHG.AX - Volatility Comparison

The current volatility for Vanguard Australian Shares High Yield ETF (VHY.AX) is 3.84%, while Vanguard Diversified High Growth INDEX ETF (VDHG.AX) has a volatility of 5.38%. This indicates that VHY.AX experiences smaller price fluctuations and is considered to be less risky than VDHG.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

VHY.AXVDHG.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.84%

5.38%

-1.54%

Volatility (6M)

Calculated over the trailing 6-month period

8.00%

7.78%

+0.22%

Volatility (1Y)

Calculated over the trailing 1-year period

12.25%

12.61%

-0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.67%

10.78%

+1.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.42%

11.88%

+2.54%