VAS vs A200: which ETF is better?
Vanguard Australian Shares Index ETF (VAS) and BetaShares - Australia 200 ETF (A200) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- VAS and A200 have very high overlap: 95% of each fund by weight sits in the same holdings.
- A200 is cheaper at 0.04% a year against 0.07% for VAS, about A$3 less in fees per A$10,000 invested each year.
- Over the last 5 years, A200 returned an average of 8.0% a year against 7.5% for VAS, with dividends reinvested.
- VAS is more diversified, with 304 holdings against 200 in A200.
- Overlap by weight
- 94.7%
- Shared holdings
- 199
| VAS | A200 | |
|---|---|---|
| Name | Vanguard Australian Shares Index ETF | BetaShares - Australia 200 ETF |
| Issuer | Vanguard | BetaShares |
| Listed on | ASX · AUD | ASX · AUD |
| Expense ratio | 0.07% | 0.04% |
| Assets (AUM) | A$27.0B | A$11.6B |
| Launched | May 8, 2009 | May 7, 2018 |
| Holdings | 304 | 200 |
| Dividend yield (12m) | 3.09% · quarterly | 3.32% · quarterly |
| Asset class | Equity | Equity |
| Annualised return | VAS | A200 |
|---|---|---|
| 1 year | +5.1% | +5.8% |
| 3 years | +12.5% | +12.8% |
| 5 years | +7.5% | +8.0% |
| 10 years | +9.7% | — |
| Volatility | 12.0% | 11.9% |
| Max drawdown | -35.8% | -35.5% |
Volatility is the annualised standard deviation of daily returns over 3 years. Max drawdown is the largest fall from a peak over the last 10 years, or since launch.
| Holding | VAS | A200 |
|---|---|---|
| BHP.AXBHP Group Ltd | 11.26% | 11.04% |
| CBA.AXCommonwealth Bank of Australia | 9.21% | 10.20% |
| NAB.AXNational Australia Bank Ltd | 4.45% | 4.47% |
| WBC.AXWestpac Banking Corp | 4.37% | 4.61% |
| ANZ.AXANZ Group Holdings Ltd | 4.21% | 4.45% |
| CSL.AXCSL Ltd | 3.21% | 3.57% |
| WES.AXWesfarmers Ltd | 3.17% | 3.40% |
| MQG.AXMacquarie Group Ltd | 3.06% | 3.42% |
| WDS.AXWoodside Energy Group Ltd | 2.21% | 2.13% |
| GMG.AXGoodman Group | 2.02% | 2.09% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("VAS.AX","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("VAS.AX","2018-05-01",TODAY(),"dailyAdj")=SF("A200.AX","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("A200.AX","2018-05-01",TODAY(),"dailyAdj")Prices to Nov 6, 2026; holdings last checked Nov 6, 2026. Returns are in each fund's trading currency (AUD). Past performance doesn't predict future returns. For information only, not investment advice.
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VAS vs A200: frequently asked questions
How much do VAS and A200 overlap?
94.7% by weight. They share 199 holdings, and that share of each fund is invested in exactly the same positions. That's very high, so holding both adds little diversification.
Is VAS or A200 cheaper?
A200 is cheaper. VAS's expense ratio is 0.07% a year and A200's is 0.04%, so on A$10,000 you'd pay about A$7 and A$4 a year.
Which has performed better, VAS or A200?
Over the last 5 years, A200 has. VAS returned 7.5% and A200 8.0% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, VAS or A200?
A200 does. Over the last 12 months VAS yielded 3.09%, paid quarterly, and A200 3.32%, paid quarterly.
Should I hold both VAS and A200?
Holding both mostly doubles up on the same stocks, since 95% of each fund is in the same positions. Most investors pick one, often the cheaper one. This is general information, not advice.
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