VAS vs AASF: Which ETF Is Better?
A side-by-side comparison of fees, size, returns and holdings, using data to 30 September 2026.
VAS comes out ahead on 10 of 10 measures. Which matters most depends on you.
The short answer
Worth about $47,645 on $100,000 over 20 years.
Bigger funds usually trade more cheaply and are less likely to close.
A tighter gap between the buy and sell price.
VAS vs AASF side by side
| VAS leads on 10, AASF on 0 | VASVanguard Australian Shares Index ETF | AASFAirlie Australian Share Fund - Active ETF |
|---|---|---|
| The basics | ||
| Index tracked | S&P/ASX 300 Index | See the PDS |
| Fund manager | Vanguard | Airlie |
| Asset class | Australian shares | Australian shares |
| Listed | May 2009 | Jun 2020 |
| Cost and size | ||
| MERyearly fee, lower is better | 0.07%✓ | 0.78% |
| AUMfund size | $26.7bn✓ | $792m |
| Net flows (Sep)new money in, last month | $449m✓ | −$12m |
| Bid/ask spreadtrading cost, lower is better | 0.02%✓ | 0.45% |
| Total returns | ||
| 1 month | −2.5%✓ | −3.6% |
| 1 year | +2.2%✓ | +1.6% |
| 3 years p.a. | +10.8%✓ | +7.7% |
| 5 years p.a. | +6.5%✓ | +5.5% |
| $10,000 invested | ||
| 1 year ago | $10,223✓ | $10,163 |
| 5 years ago | $13,672✓ | $13,063 |
✓ marks the better figure on each measure. Returns include distributions, to 30 September 2026.
VAS vs AASF price chart
Both ETFs on one chart as % change. Use the 1D to All buttons to change the period. Price only, so it leaves out distributions · TradingView
What $10,000 invested is worth now
$10,000 put into VAS 5 years ago is worth $13,672 today, against $13,063 in AASF. That is $609 more in VAS.
Total returns to 30 September 2026, with distributions reinvested, before tax and brokerage. The price chart above leaves out distributions, so it can look worse. Past performance is not a reliable indicator of future performance.
What the fees cost you
VAS's lower fee leaves about $47,645 more in your pocket over 20 years.
Total fees paid on a $100,000 investment, assuming a 7% a year return before fees. Illustration only: it ignores tax, brokerage and differences in returns.
Get the full VAS vs AASF report
- Every holding of each ETF: the top 50 companies, with sectors and countries
- Exactly which companies they share, and how much of each
- Fees in dollars over 10, 20 and 30 years
- Every metric side by side, including the index each tracks
- ★ FREE BONUSIs now a good time to invest? The Market Health-O-Meter
FAQs
Which is better, VAS or AASF?
It depends on what you need. On our numbers VAS wins on 10 measures and AASF on 0. VAS is cheaper, with a management fee of 0.07% vs 0.78%. On $100,000 over 20 years that difference is worth about $47,645. VAS is the larger fund at $26.7bn vs $792m. VAS has the better 1-year return: +2.2% vs +1.6%.
Which is cheaper, VAS or AASF?
VAS charges 0.07% a year and AASF charges 0.78% a year.
Can I hold both VAS and AASF?
You can, but check how much they overlap. VAS is a Australian shares fund and AASF is a Australian shares fund.
More comparisons
General information only, not a recommendation. Past performance is not a reliable indicator of future performance.