Betashares Australian Composite Bond ETF vs Vanguard Australian Fixed Interest Index ETF
Overlap is calculated from each fund's full published holdings list. Where there are no shared listed holdings it is shown as not reliably estimable.
OZBD and VAF both provide diversified exposure to Australian investment-grade fixed income, covering government and corporate bonds with broadly similar mandates.
Betashares Australian Composite Bond ETF
BetaShares
Vanguard Australian Fixed Interest Index 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 OZBD and VAF:
Category scores compare these two ETFs only and are not absolute ratings.
VAF has the lower management fee - the one objective "cheaper" axis.
VAF is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
OZBD and VAF offer similar breadth of exposure.
OZBD distributes approximately 4.41% and VAF approximately 3.2%; OZBD 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.
Green highlights the factually lower fee or higher scale/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.
Yield figures are estimates based on recent distributions and may vary. Past distributions are not a reliable indicator of future distributions.
Past performance is not a reliable indicator of future returns.
Top shared holdings ranked by overlap contribution, the smaller of each company's weight in the two funds. Basis: full holdings data.
Top 10 listed holdings for each fund, from issuer disclosures.
OZBD top holdings
VAF top holdings
Based on each fund's most recently published sector and geographic weightings; figures are approximate. Full breakdowns are shown below.
Sector weights for OZBDare approximate, inferred from the fund's category.
OZBD sectors
VAF sectors
OZBD geography
VAF geography
OZBD and VAF both provide diversified exposure to Australian investment-grade fixed income, covering government and corporate bonds with broadly similar mandates. VAF (Vanguard Australian Fixed Interest) tracks a market-value-weighted bond index and carries a lower management fee. OZBD (BetaShares Australian Composite Bond) applies its own index methodology with a tilt intended to manage duration and credit exposure.
VAF generally suits investors who prefer the Vanguard range and a lower fee, while OZBD generally suits investors who prefer the BetaShares range or its particular index construction.
OZBD and VAF have approximately 10% holdings overlap, based on each fund's full published holdings list. This is considered low overlap.
VAF has the lower management fee. OZBD charges 0.19% per year ($19 per year on a $10,000 investment) and VAF charges 0.1% per year ($10 per year on a $10,000 investment). The difference is $9 per year per $10,000 invested.
OZBD (Betashares Australian Composite Bond ETF) manages approximately $1.2B and VAF (Vanguard Australian Fixed Interest Index ETF) manages approximately $3.5B. Fund size can affect liquidity and bid-ask spreads but does not by itself change the management fee.
You can hold both, but with approximately 10% estimated holdings overlap the two funds hold mostly different companies, so they can be more complementary. Whether that suits you depends on your own objectives.
There is no universally right choice. It depends on your goals, time horizon and existing holdings. OZBD charges 0.19% and VAF charges 0.1%, so VAF has the lower management fee, and they have approximately 10% estimated holdings overlap. 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.
Check your portfolio overlap
See how these ETFs interact with your other holdings.
Open overlap checker →Build your portfolio
ProModel a portfolio with these ETFs and see projected fees and income.
Build a portfolio →View full ETF profiles
Holdings, fees, sectors and distributions for each fund.
OZBD full profile →VAF full profile →Compare another pair
Enter any two ASX ETF tickers to see their side-by-side comparison.
Compare other ETFs →