Vanguard Australian Shares High Yield ETF vs Global X S&P/ASX 200 High Dividend 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.
VHY and ZYAU are both Income & Dividends ETFs. VHY tracks the FTSE Australia High Dividend Yield Index and ZYAU tracks the S&P/ASX 200 Index. ZYAU has the lower management fee (0.24% vs 0.25% p.a.). Holdings overlap is approximately 61% estimated (top 50 holdings).
Vanguard Australian Shares High Yield ETF
Vanguard
Global X S&P/ASX 200 High Dividend ETF
Global X
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 VHY and ZYAU:
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): ZYAU has the lower management fee - the one objective "cheaper" axis.
Fund size (assets): VHY is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
Holdings breadth: VHY spreads exposure across more holdings (VHY 73, ZYAU 50); the other is more concentrated. Neither is inherently better - it depends on whether you want breadth or a focused tilt.
Income (distribution yield): VHY distributes approximately 4.1% and ZYAU approximately 3.83%; VHY 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 shared holdings ranked by overlap contribution, the smaller of each company's weight in the two funds. Basis: top 50 holdings.
Top 10 listed holdings for each fund, from issuer disclosures.
VHY top holdings
ZYAU top holdings
Sector weights for ZYAU are approximate, inferred from the fund's category.
VHY sectors
ZYAU sectors
Geographic weights for ZYAU are approximate, inferred from the fund's category.
VHY geography
ZYAU geography
There is no single right choice between VHY and ZYAU - 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.
VHY and ZYAU have approximately 61% estimated holdings overlap (top 50 holdings). This is considered moderate overlap, estimated from listed top holdings rather than the full constituent lists.
ZYAU has the lower management fee. VHY charges 0.25% per year ($25 per year on a $10,000 investment) and ZYAU charges 0.24% per year ($24 per year on a $10,000 investment). The difference is $1 per year per $10,000 invested.
VHY (Vanguard Australian Shares High Yield ETF) manages approximately $8.0B and ZYAU (Global X S&P/ASX 200 High Dividend ETF) manages approximately $98.67M. 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 61% estimated holdings overlap the two funds share a moderate proportion of holdings, so there is some duplicated 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. VHY charges 0.25% and ZYAU charges 0.24%, so ZYAU has the lower management fee, and they have approximately 61% 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.
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