VanEck Australian Subordinated Debt ETF vs Vanguard International Credit Securities 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 estimated from the funds' listed top holdings, not their full constituent lists. These funds invest in different markets, so the expected overlap is approximately 0%.
SUBD and VCF are both Bonds ETFs. SUBD tracks the Solactive Australian Investment Grade Corporate Bond Select TR Index and VCF tracks the Bloomberg Global Aggregate Credit ex Government Float Adjusted Index (hedged). SUBD has the lower management fee (0.29% vs 0.3% p.a.). A holdings overlap is not reliably estimable for this pair.
VanEck Australian Subordinated Debt ETF
VanEck
Vanguard International Credit Securities 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
Which of SUBD and VCF fits depends on your objectives, not on one being superior. Where the two funds differ most:
Category scores compare these two ETFs only and are not absolute ratings.
SUBD has the lower management fee - the one objective "cheaper" axis.
SUBD is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
VCF spreads exposure across more holdings (SUBD 36, VCF 6,356); the other is more concentrated. Neither is inherently better - it depends on whether you want breadth or a focused tilt.
SUBD distributes approximately 4.5% and VCF approximately 3.6%; SUBD 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.
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 10 listed holdings for each fund, from issuer disclosures.
SUBD top holdings
VCF top holdings
Based on each fund's most recently published sector and geographic weightings; figures are approximate. Full breakdowns are shown below.
SUBD sectors
VCF sectors
SUBD geography
VCF geography
Choosing between SUBD and VCF depends on your goals, time horizon and current holdings, not on one being the right answer for everyone. The main differences are summarised above, with the complete data below.
SUBD and VCF do not share enough listed top holdings to reliably estimate a holdings overlap. Compare their fees, holdings and sectors on this page.
SUBD has the lower management fee. SUBD charges 0.29% per year ($29 per year on a $10,000 investment) and VCF charges 0.3% per year ($30 per year on a $10,000 investment). The difference is $1 per year per $10,000 invested.
SUBD (VanEck Australian Subordinated Debt ETF) manages approximately $3.7B and VCF (Vanguard International Credit Securities Index (Hedged) ETF) manages approximately $170M. Fund size can affect liquidity and bid-ask spreads but does not by itself change the management fee.
SUBD and VCF 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. SUBD charges 0.29% and VCF charges 0.3%, so SUBD 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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