βš”οΈ Head to head

VGAD vs IJP: Which ETF Is Better?

A side-by-side comparison of fees, size, returns and holdings, using data to 30 September 2026.

VGAD comes out ahead on 7 of 10 measures. Which matters most depends on you.

The big difference is currency. VGAD is currency hedged, so its returns ignore moves in the Australian dollar. IJP is unhedged: it does better when the dollar falls and worse when it rises.

The short answer

πŸ’ΈLower feeVGAD wins
VGAD
0.21%
IJP
0.50%

Worth about $19,694 on $100,000 over 20 years.

🏦Bigger fundVGAD wins
VGAD
$7.9bn
IJP
$1.6bn

Bigger funds usually trade more cheaply and are less likely to close.

πŸ“ˆ1-year returnIJP wins
VGAD
+17.1%
IJP
+19.3%
πŸ“Š3-year returnVGAD wins
VGAD
+19.8% a yr
IJP
+17.0% a yr
🏁5-year returnVGAD wins
VGAD
+10.8% a yr
IJP
+9.2% a yr
βš–οΈCheaper to tradeVGAD wins
VGAD
0.02%
IJP
0.06%

A tighter gap between the buy and sell price.

VGAD vs IJP side by side

VGAD leads on 7, IJP on 3VGADVanguard MSCI Index International Shares (Hedged) ETFIJPiShares MSCI Japan ETF
The basics
Index trackedMSCI World ex Australia Index, hedged to AUDMSCI Japan Index
Fund managerVanguardiShares
Asset classInternational sharesInternational shares
ListedNov 2014Oct 2007
Cost and size
MERyearly fee, lower is better0.21%βœ“0.50%
AUMfund size$7.9bnβœ“$1.6bn
Net flows (Sep)new money in, last month$136mβœ“$0.0m
Bid/ask spreadtrading cost, lower is better0.02%βœ“0.06%
Total returns
1 monthβˆ’0.4%+4.7%βœ“
1 year+17.1%+19.3%βœ“
3 years p.a.+19.8%βœ“+17.0%
5 years p.a.+10.8%βœ“+9.2%
$10,000 invested
1 year ago$11,706$11,930βœ“
5 years ago$16,737βœ“$15,504

βœ“ marks the better figure on each measure. Returns include distributions, to 30 September 2026.

VGAD vs IJP 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 Β· TradingView

πŸ“ˆ Growth

What $10,000 invested is worth now

$10,000 put into VGAD 5 years ago is worth $16,737 today, against $15,504 in IJP. That is $1,233 more in VGAD.

VGADIJP$10,000 invested
$0k$5k$10k$15k$20k$11.7k$11.9k1 year agoIJP +$224$17.2k$16.0k3 years agoVGAD +$1,194$16.7k$15.5k5 years agoVGAD +$1,233

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.

πŸ’Έ Cost

What the fees cost you

VGAD's lower fee leaves about $19,694 more in your pocket over 20 years.

VGAD charges 0.21% a yearIJP charges 0.50% a year
🧾 Fees paid on $100,000Saving
5 years
VGAD
βˆ’$1,371
IJP
βˆ’$3,247
You keep$1,876more with VGAD
10 years
VGAD
βˆ’$3,827
IJP
βˆ’$9,001
You keep$5,175more with VGAD
20 years
VGAD
βˆ’$14,910
IJP
βˆ’$34,604
You keep$19,694more with VGAD

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.

VGAD and IJP overlap

4%portfolio overlap (low: they are quite different underneath)

34 companies appear in both funds. Overlap is the share of the portfolio that is the same in both, counting the smaller weight of each shared company.

Biggest shared holdings% of VGAD% of IJP
0.28%4.53%
0.19%3.58%
0.18%2.60%
0.18%2.89%
0.18%3.13%
0.17%2.77%
0.17%2.04%
0.16%3.13%
0.15%2.83%
0.15%1.91%
0.14%2.21%
0.11%1.80%

Add more ETFs and see the overlap in Compare ETFs β†’

Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.

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Joshua Stega
etfadviserExchange traded fund specialist adviser Β· 20 years’ experience
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FAQs

Which is better, VGAD or IJP?

It depends on what you need. On our numbers VGAD wins on 7 measures and IJP on 3. VGAD is cheaper, with a management fee of 0.21% vs 0.50%. On $100,000 over 20 years that difference is worth about $19,694. VGAD is the larger fund at $7.9bn vs $1.6bn. IJP has the better 1-year return: +19.3% vs +17.1%.

Which is cheaper, VGAD or IJP?

VGAD charges 0.21% a year and IJP charges 0.50% a year.

Can I hold both VGAD and IJP?

You can, but check how much they overlap. VGAD is a international shares fund and IJP is a international shares fund.

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Add more ETFs to this comparison β†’

General information only, not a recommendation. Past performance is not a reliable indicator of future performance.