SPDR S&P/ASX Australian Government Bond ETF vs Vanguard Global Aggregate Bond Index (Hedged) ETF
These ETFs invest in different asset classes (shares vs bonds). They are unlikely to share holdings.
Scored across Cost (35%), Fund size (20%), Holdings breadth (25%), Income (20%). Past performance is excluded.
See full breakdown ↓Overlap is calculated from each fund's full published holdings list. These funds invest in different markets, so the expected overlap is approximately 0%.
GOVT and VBND are both Bonds ETFs. GOVT has the lower management fee (0.1% vs 0.2% p.a.). A holdings overlap is not reliably estimable for this pair.
SPDR S&P/ASX Australian Government Bond ETF
State Street (SPDR)
Vanguard Global Aggregate Bond Index (Hedged) ETF
Vanguard
Comparison scores reflect how each ETF compares to the other on these specific dimensions only. They are not absolute ratings or recommendations.
Key differences at a glance
There is no single "better" fund here - which suits you depends on your goals. The clearest differences between GOVT and VBND:
Green highlights the leading comparison score, the factually lower fee, or the higher scale or income figure. Performance is never highlighted. Data from issuer disclosures, reviewed quarterly; sector and geography figures for some funds are category-inferred estimates, clearly labelled on each fund's page.
Category scores compare these two ETFs only and are not absolute ratings.
Cost (management fee): GOVT has the lower management fee - the one objective "cheaper" axis.
Fund size (assets): VBND is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
Holdings breadth: VBND spreads exposure across more holdings (GOVT 118, VBND 14,411); the other is more concentrated. Neither is inherently better - it depends on whether you want breadth or a focused tilt.
Income (distribution yield): GOVT distributes approximately 3.04% and VBND approximately 3.2%; VBND carries the higher estimated distribution yield. A higher yield may suit an income focus; a lower one may suit a growth or tax-efficiency focus. Yields are estimates and are not guaranteed; past performance is not a reliable indicator of future returns.
General information only, not financial advice. ETFLens does not hold an AFSL. Always read the relevant PDS and consider seeking advice from a licensed financial adviser.
Yield figures are estimates based on recent distributions and may vary. Past performance is not a reliable indicator of future returns or distributions.
Past performance is not a reliable indicator of future returns.
Top 10 listed holdings for each fund, from issuer disclosures.
GOVT top holdings
VBND top holdings
Sector weights for GOVT are approximate, inferred from the fund's category.
GOVT sectors
VBND sectors
Geographic weights for GOVT are approximate, inferred from the fund's category.
GOVT geography
VBND geography
There is no single right choice between GOVT and VBND - it depends on your goals, time horizon and existing holdings. The key differences between the two funds are summarised near the top of this page, with the full side-by-side data below.
GOVT and VBND do not share enough listed top holdings to reliably estimate a holdings overlap. Compare their fees, holdings and sectors on this page.
GOVT has the lower management fee. GOVT charges 0.1% per year ($10 per year on a $10,000 investment) and VBND charges 0.2% per year ($20 per year on a $10,000 investment). The difference is $10 per year per $10,000 invested.
GOVT (SPDR S&P/ASX Australian Government Bond ETF) manages approximately $77.3M and VBND (Vanguard Global Aggregate Bond Index (Hedged) ETF) manages approximately $4.6B. Fund size can affect liquidity and bid-ask spreads but does not by itself change the management fee.
GOVT and VBND do not share enough listed top holdings to estimate overlap, so whether holding both duplicates your exposure depends on their full constituent lists.
There is no universally right choice. It depends on your goals, time horizon and existing holdings. GOVT charges 0.1% and VBND charges 0.2%, so GOVT has the lower management fee. Compare their fees, holdings and sectors above and consider each fund's Product Disclosure Statement and Target Market Determination.
General information only. This comparison and the ETFLens tools on this page provide general information about two exchange-traded funds and do not take into account your personal objectives, financial situation or needs. It is not personal financial product or investment advice. ETFLens does not hold an Australian Financial Services Licence (AFSL). Holdings overlap is calculated from each fund's published holdings (full lists where the issuer publishes one, listed top holdings otherwise), and fee data is sourced from fund manager PDS documents and updated quarterly. Past performance is not a reliable indicator of future returns. Consider each fund's Product Disclosure Statement (PDS) and Target Market Determination (TMD), and seek advice from a registered tax agent or licensed financial adviser, before making investment decisions.
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