Vanguard Diversified Balanced Index ETF vs Vanguard Diversified Conservative Index ETF
Overlap is estimated from the funds' listed top holdings, not their full constituent lists. Where there are no shared listed holdings it is shown as not reliably estimable.
VDBA and VDCO are highly similar Diversified ETFs, with approximately 77% estimated (top 13 holdings) holdings overlap. Both charge 0.27% p.a.
Vanguard Diversified Balanced Index ETF
Vanguard
Vanguard Diversified Conservative 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
Which of VDBA and VDCO fits depends on your objectives, not on one being superior. Where the two funds differ most:
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 and the ASX Investment Products report. Fund size, yield, return and holdings figures each state the date they are as at; 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): Both charge about 0.27% p.a.
Fund size (assets): VDBA is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
Holdings breadth: VDBA and VDCO offer similar breadth of exposure.
Income (distribution yield): VDBA distributes approximately 3.2% and VDCO distributes approximately 3%; VDBA 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.
Fund sizes as at 30 Sep 2026 for both funds.
Yield figures are estimates based on recent distributions and may vary. Yields are as at different dates (VDBA 31 Mar 2026, VDCO 30 Apr 2026), so the two funds' figures are not directly comparable. Past performance is not a reliable indicator of future returns or distributions. These figures may be out of date. Check the fund manager's website for current performance.
Returns as at 30 Sep 2026 for both funds.
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: top 13 holdings.
Top 10 listed holdings for each fund, from issuer disclosures. Listed top holdings as at 30 Apr 2026 for both funds. These figures may be out of date. Check the fund manager's website for current holdings.
VDBA top holdings
VDCO top holdings
Sector weights for VDCO are approximate, inferred from the fund's category.
VDBA sectors
VDCO sectors
Geographic weights for VDBA and VDCO are approximate, inferred from the fund's category.
VDBA geography
VDCO geography
Choosing between VDBA and VDCO 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.
VDBA and VDCO have approximately 77% estimated holdings overlap (top 13 holdings). This is considered high overlap, estimated from listed top holdings rather than the full constituent lists.
VDBA and VDCO charge the same management fee of 0.27% per year.
VDBA (Vanguard Diversified Balanced Index ETF) manages approximately $942.33M and VDCO (Vanguard Diversified Conservative Index ETF) manages approximately $297.49M. Fund sizes as at 30 Sep 2026 for both funds. 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 77% estimated holdings overlap the two funds hold a high proportion of the same companies, so holding both means paying two sets of management fees on largely the same exposure. 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. VDBA charges 0.27% and VDCO charges 0.27%, the same management fee, and they have approximately 77% 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. 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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