VDHG and VDGR overlap by about 76%: owning both mostly doubles up. They charge the same fee (0.27% a year). VDHG is the bigger fund ($4.1b vs $1.6b). The same Vanguard building blocks in different mixes: VDHG is about 90% shares, VDGR about 70% shares and 30% 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.
VDGR
Vanguard Diversified Growth Index ETFVDGR is an all-in-one ETF that holds about 70% shares and 30% bonds, rebalanced for you.
VDHG vs VDGR 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 | VDGR | |
|---|---|---|
| Issuer | Vanguard | Vanguard |
| Index | A mix of Vanguard index funds (about 90% shares, 10% bonds) | A mix of Vanguard index funds (about 70% shares, 30% bonds) |
| Fee (a year) | 0.27% | 0.27% |
| Size | $4.1b | $1.6b |
| Net money in, September | +$59m | +$33m |
| 1-year return | +7.5% | +5.6% |
| 5-year return | +45% | +33% |
| Listed | 2017 | 2017 |
| Distributions | Quarterly | Quarterly |
| Top 10 holdings | 39% of fund | 56% of fund |
| Trend now | Base | Base |
How much do VDHG and VDGR overlap?
About 76% of their holdings are the same, by weight: high overlap, so owning both mostly doubles up.
The biggest companies they both own
| Company | VDHG | VDGR |
|---|---|---|
| BHP Group LtdMaterials | 5.2% | 3.8% |
| Commonwealth Bank of AustraliaFinancials | 4.3% | 3.1% |
| NVIDIA CorpInformation Technology | 3.3% | 2.4% |
| Apple IncInformation Technology | 3.0% | 2.2% |
| Microsoft CorpInformation Technology | 2.2% | 1.6% |
| Alphabet (Google)Communication Services | 2.2% | 1.6% |
| National Australia Bank LtdFinancials | 2.1% | 1.5% |
| Westpac Banking CorpFinancials | 2.0% | 1.5% |
| ANZ Group Holdings LtdFinancials | 2.0% | 1.4% |
| Amazon.com IncConsumer Discretionary | 1.5% | 1.1% |
Only in VDHG
- No holdings above 0.5%: the differences are all small positions.
Only in VDGR
- 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 VDGR: 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 and VDGR.
See the exact overlap with everything you hold, plus the trend of each ETF, in our free calculator.
More comparisons
VDHG vs VDGR FAQs
Is VDHG or VDGR better?
Neither is better for everyone. The same Vanguard building blocks in different mixes: VDHG is about 90% shares, VDGR about 70% shares and 30% bonds. Choose VDHG if you have a long time horizon and can ride out bigger falls. Choose VDGR if you want smaller swings, for example if you are closer to retirement.
What is the difference between VDHG and VDGR?
VDHG and VDGR overlap by about 76%: owning both mostly doubles up. They charge the same fee (0.27% a year). VDHG is the bigger fund ($4.1b vs $1.6b). The same Vanguard building blocks in different mixes: VDHG is about 90% shares, VDGR about 70% shares and 30% bonds.
Should I own both VDHG and VDGR?
Usually there’s little point. With 76% overlap, owning both mostly doubles up on the same companies. Pick one.
Which is cheaper, VDHG or VDGR?
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 VDGR. Consider the PDS and TMD, and your own circumstances, before investing.