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VVLU.AX vs. VCF.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VVLU.AX vs. VCF.AX

Last updated Jul 18, 2026
Documentation

VVLU.AX (Vanguard Global Value Equity Active ETF) and VCF.AX (Vanguard International Credit Securities Index (Hedged) ETF) are both exchange-traded funds - VVLU.AX is a Global Equities fund actively managed by Vanguard, while VCF.AX is a Corporate Bonds fund tracking the Vanguard International Credit Securities Index (Hedged) Index. VVLU.AX is actively managed, while VCF.AX is passively managed. Over the past 5 years, VVLU.AX returned 14.07%/yr vs -0.66%/yr for VCF.AX. At a correlation of -0.02, they often move in opposite directions.

Performance

VVLU.AX vs. VCF.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard Global Value Equity Active ETF (VVLU.AX) and Vanguard International Credit Securities Index (Hedged) ETF (VCF.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VVLU.AX achieves a 9.72% return, which is significantly higher than VCF.AX's 0.14% return.

VVLU.AX

1D
0.82%
1M
4.87%
6M
6.75%
YTD
9.72%
1Y
22.93%
3Y*
18.19%
5Y*
14.07%
10Y*
—

VCF.AX

1D
0.03%
1M
-0.46%
6M
0.47%
YTD
0.14%
1Y
2.96%
3Y*
4.01%
5Y*
-0.66%
10Y*
1.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VVLU.AX vs. VCF.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VVLU.AX
Vanguard Global Value Equity Active ETF		9.72%18.04%15.87%18.15%0.35%37.99%-11.29%22.31%-14.12%
VCF.AX
Vanguard International Credit Securities Index (Hedged) ETF		0.14%5.14%2.46%6.18%-14.76%-1.74%5.75%9.70%1.42%

Correlation

The correlation between VVLU.AX and VCF.AX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.28

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

0.10

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

0.05

Correlation (All Time)
Calculated using the full available price history since Apr 17, 2018

-0.02

The correlation between VVLU.AX and VCF.AX shifts across timeframes, from -0.02 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

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Vanguard Global Value Equity Active ETF

Vanguard International Credit Securities Index (Hedged) ETF

Often compared with VVLU.AX:
VVLU.AX vs. VAE.AXVVLU.AX vs. SEMI.AXVVLU.AX vs. VDGR.AXVVLU.AX vs. HGEN.AXVVLU.AX vs. HJPN.AXVVLU.AX vs. IAA.AXVVLU.AX vs. IFRA.AX
Often compared with VCF.AX:
VCF.AX vs. IHCB.AXVCF.AX vs. BANK.AXVCF.AX vs. FLOT.AXVCF.AX vs. HBRD.AXVCF.AX vs. RCB.AXVCF.AX vs. PLUS.AXVCF.AX vs. VACF.AX

Return for Risk

VVLU.AX vs. VCF.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VVLU.AX
VVLU.AX Risk / Return Rank: 6666
Overall Rank
VVLU.AX Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
VVLU.AX Sortino Ratio Rank: 6969
Sortino Ratio Rank
VVLU.AX Omega Ratio Rank: 6666
Omega Ratio Rank
VVLU.AX Calmar Ratio Rank: 6565
Calmar Ratio Rank
VVLU.AX Martin Ratio Rank: 6262
Martin Ratio Rank
VCF.AX
VCF.AX Risk / Return Rank: 2020
Overall Rank
VCF.AX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
VCF.AX Sortino Ratio Rank: 1717
Sortino Ratio Rank
VCF.AX Omega Ratio Rank: 2222
Omega Ratio Rank
VCF.AX Calmar Ratio Rank: 2222
Calmar Ratio Rank
VCF.AX Martin Ratio Rank: 2121
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.

VVLU.AX vs. VCF.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Value Equity Active ETF (VVLU.AX) and Vanguard International Credit Securities Index (Hedged) ETF (VCF.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.

VVLU.AXVCF.AXDifference
Sharpe ratioReturn per unit of total volatility
1.64
0.42

+1.21

Sortino ratioReturn per unit of downside risk
2.37
0.68

+1.69

Omega ratioGain probability vs. loss probability

1.29

1.12

+0.17

Calmar ratioReturn relative to maximum drawdown

2.39

0.72

+1.67

Martin ratioReturn relative to average drawdown

8.07

1.71

+6.37

VVLU.AX vs. VCF.AX - Sharpe Ratio Comparison

The current VVLU.AX Sharpe Ratio is 1.64, which is higher than the VCF.AX Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of VVLU.AX and VCF.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.

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Drawdowns

VVLU.AX vs. VCF.AX - Drawdown Comparison

The maximum VVLU.AX drawdown since its inception was -36.95%, which is greater than VCF.AX's maximum drawdown of -19.89%. Use the drawdown chart below to compare losses from any high point for VVLU.AX and VCF.AX.

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Drawdown Indicators

VVLU.AXVCF.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.95%

-19.89%

-17.06%

Max Drawdown (1Y)

Largest decline over 1 year

-9.30%

-3.98%

-5.32%

Max Drawdown (3Y)

Largest decline over 3 years

-14.80%

-3.98%

-10.82%

Max Drawdown (5Y)

Largest decline over 5 years

-14.80%

-19.78%

+4.98%

Max Drawdown (10Y)

Largest decline over 10 years

—

-19.89%

—

Current Drawdown

Current decline from peak

0.00%

-4.06%

+4.06%

Average Drawdown

Average peak-to-trough decline

-6.22%

-5.07%

-1.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.78%

1.71%

+1.07%

Volatility

VVLU.AX vs. VCF.AX - Volatility Comparison

Vanguard Global Value Equity Active ETF (VVLU.AX) has a higher volatility of 3.43% compared to Vanguard International Credit Securities Index (Hedged) ETF (VCF.AX) at 0.80%. This indicates that VVLU.AX's price experiences larger fluctuations and is considered to be riskier than VCF.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VVLU.AXVCF.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.43%

0.80%

+2.63%

Volatility (6M)

Calculated over the trailing 6-month period

10.98%

6.37%

+4.61%

Volatility (1Y)

Calculated over the trailing 1-year period

13.62%

6.77%

+6.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.94%

5.73%

+9.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.96%

6.49%

+11.47%

Dividends

VVLU.AX vs. VCF.AX - Dividend Comparison

VVLU.AX's dividend yield for the trailing twelve months is around 10.90%, more than VCF.AX's 8.91% yield.

PositionTTM2025202420232022202120202019201820172016
VCF.AX
Vanguard International Credit Securities Index (Hedged) ETF		8.91%3.10%2.57%2.36%2.37%9.24%6.57%2.02%3.80%9.48%4.16%
VVLU.AX
Vanguard Global Value Equity Active ETF		10.90%7.07%3.21%5.22%2.63%1.36%2.21%2.31%0.46%0.00%0.00%

Frequently Asked Questions

VVLU.AX and VCF.AX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VVLU.AX is categorized as Global Equities, while VCF.AX is Corporate Bonds.

Portfolio Optimizer

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Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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