Performance data is updated to 31 May 2026.
Vanguard Diversified High Growth Index ETF (VDHG) — Review & Analysis
Vanguard Diversified High Growth is Australia's most popular all-in-one growth ETF, with $3.89 billion AUM as at May 2026 and a 0.27% management fee. It belongs on our Diversified ETFs category page. The fund holds approximately 90% growth assets (Australian and international equities) and 10% defensive (bonds and cash) — designed as a single-line, diversified portfolio for accumulator-stage investors.
Underlying holdings sit inside Vanguard's flagship index funds: VAS-equivalent (Aus shares ~36%), VGS-equivalent (international shares ~26.5%), VTS-equivalent (US shares ~17%), emerging markets ~5%, small caps ~6%, plus the bond sleeve. 1-year total return is +13.81%, 3-year +14.25% p.a., 5-year +9.31% p.a. — slightly behind DHHF (Betashares all-growth equivalent at 100% equities) over the last 5 years because of the 10% bond drag during the 2022 bond crash.
Distributions are paid quarterly with a trailing yield of approximately 3.3% — partly franked thanks to the Australian shares allocation. The trade-off vs holding the underlying funds separately: convenience and automatic rebalancing on one hand, slightly higher fee and no control over allocation on the other.
Compare VDHG vs DHHF vs GHHF on the ETF compare tool or read the full deep-dive in VDHG vs DHHF vs GHHF — Which Diversified ETF Is Right For You.
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Last updated: January 2026
