VDHG and VDAL overlap by about 88%: owning both mostly doubles up. They charge the same fee (0.27% a year). VDHG is the bigger fund ($4.1b vs $515m). Both are Vanguard all-in-one portfolios. VDHG is about 90% shares and 10% bonds; VDAL is 100% growth assets, with no bonds.
📅 As at 30 September 2026: fees, size, flows and returns from the TMX Australia funds report; overlap from published holdings as at 30 September 2026.
VDHG
Vanguard Diversified High Growth Index ETFVDHG is an all-in-one ETF that holds about 90% shares (Australian and global) and 10% bonds, rebalanced for you.
VDAL
Vanguard Diversified All Growth Index ETFVDAL is an all-in-one Vanguard ETF that holds 100% growth assets: Australian and international shares, with no bonds.
VDHG vs VDAL side by side
Green marks the cheaper, bigger or better-performing fund on each line. Past returns are not a reliable guide to the future.
| VDHG | VDAL | |
|---|---|---|
| Issuer | Vanguard | Vanguard |
| Index | A mix of Vanguard index funds (about 90% shares, 10% bonds) | Mix of Vanguard Australian and global share index funds |
| Fee (a year) | 0.27% | 0.27% |
| Size | $4.1b | $515m |
| Net money in, September | +$59m | +$33m |
| 1-year return | +7.5% | +8.8% |
| 5-year return | +45% | Not 5 years old |
| Listed | 2017 | 2025 |
| Top 10 holdings | 39% of fund | 32% of fund |
| Trend now | Base | Base |
How much do VDHG and VDAL overlap?
About 88% of their holdings are the same, by weight: high overlap, so owning both mostly doubles up.
The biggest companies they both own
| Company | VDHG | VDAL |
|---|---|---|
| BHP Group LtdMaterials | 5.2% | 6.1% |
| Commonwealth Bank of AustraliaFinancials | 4.3% | 5.0% |
| NVIDIA CorpInformation Technology | 3.3% | 3.7% |
| Apple IncInformation Technology | 3.0% | 3.5% |
| Microsoft CorpInformation Technology | 2.2% | 2.6% |
| Alphabet (Google)Communication Services | 2.2% | 2.6% |
| National Australia Bank LtdFinancials | 2.1% | 2.4% |
| Westpac Banking CorpFinancials | 2.0% | 2.4% |
| ANZ Group Holdings LtdFinancials | 2.0% | 2.3% |
| CSL LtdHealth Care | 1.5% | 1.7% |
Only in VDHG
- Bonds & cash 13.0%
Only in VDAL
- No holdings above 0.5%: the differences are all small positions.
Sectors and countries
Sectors
Countries
Trend: base, uptrend or downtrend?
Past year of prices, shaded by trend stage. The dashed line is the 200-day exponential average. As at 4 November 2026. How base and trend works.
VDHG or VDAL: which suits who?
Where either fits depends on the rest of your portfolio: whether it’s your core or a satellite. See core and satellite investing and our full profiles of VDHG.
See the exact overlap with everything you hold, plus the trend of each ETF, in our free calculator.
More comparisons
VDHG vs VDAL FAQs
Is VDHG or VDAL better?
Neither is better for everyone. Both are Vanguard all-in-one portfolios. VDHG is about 90% shares and 10% bonds; VDAL is 100% growth assets, with no bonds. Choose VDHG if you want a small bond buffer to soften falls. Choose VDAL if you want 100% shares from Vanguard and can ride out bigger falls.
What is the difference between VDHG and VDAL?
VDHG and VDAL overlap by about 88%: owning both mostly doubles up. They charge the same fee (0.27% a year). VDHG is the bigger fund ($4.1b vs $515m). Both are Vanguard all-in-one portfolios. VDHG is about 90% shares and 10% bonds; VDAL is 100% growth assets, with no bonds.
Should I own both VDHG and VDAL?
Usually there’s little point. With 88% overlap, owning both mostly doubles up on the same companies. Pick one.
Which is cheaper, VDHG or VDAL?
They charge the same fee (0.27% a year). Fees are taken from the fund’s returns, not charged separately.
Fees, size, flows and returns: TMX Australia Funds Report to 30 September 2026; returns are total returns and the 5-year figure is cumulative. Overlap, sectors and countries are based on each fund’s published holdings, scaled to the part of each fund we can see. Trend stages are a technical indicator based on 10, 20, 50 and 200-day exponential moving averages; they describe the past, not the future. General information only, not a recommendation to buy or sell VDHG or VDAL. Consider the PDS and TMD, and your own circumstances, before investing.