Vanguard Global Aggregate Bond Index (Hedged) ETF vs Vanguard International Credit Securities Index (Hedged) 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.
VBND and VCF are both Bonds ETFs. VBND tracks the Bloomberg Global Aggregate Float Adjusted and Scaled Index (Hedged AUD) and VCF tracks the Bloomberg Global Aggregate Credit ex Government Float Adjusted Index (hedged). VBND has the lower management fee (0.2% vs 0.3% p.a.). Holdings overlap is approximately 9% (full holdings data).
Vanguard Global Aggregate Bond Index (Hedged) ETF
Vanguard
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 VBND 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.
VBND has the lower management fee - the one objective "cheaper" axis.
VBND is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
VBND and VCF offer similar breadth of exposure.
VBND distributes approximately 3.2% and VCF approximately 3.6%; VCF 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 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.
VBND 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.
VBND sectors
VCF sectors
VBND geography
VCF geography
Choosing between VBND 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.
VBND and VCF have approximately 9% holdings overlap, based on each fund's full published holdings list. This is considered low overlap.
VBND has the lower management fee. VBND charges 0.2% per year ($20 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 $10 per year per $10,000 invested.
VBND (Vanguard Global Aggregate Bond Index (Hedged) ETF) manages approximately $4.3B 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.
You can hold both, but with approximately 9% 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. VBND charges 0.2% and VCF charges 0.3%, so VBND has the lower management fee, and they have approximately 9% 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.
VBND full profile →VCF full profile →Compare another pair
Enter any two ASX ETF tickers to see their side-by-side comparison.
Compare other ETFs →