Vanguard Australian Property Securities Index ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among property funds would cost $150 (0.30% a year), so VAP is $31 cheaper.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 31 July 2026 · 28 securities · top 10 = 87.5%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −3.1 | −2.7 | −10.7 | 7.7 | 2.4 | 3.9 | −1.4 | −6.8 | −2.1 | −1.5 | −14.4YTD | ||
| 2025 | 3.7 | −6.4 | −4.4 | 5.2 | 5.3 | 4.2 | 1.1 | 4.0 | −2.5 | 0.3 | −3.7 | 1.7 | 7.9 |
| 2024 | 1.0 | 4.6 | 9.8 | −7.9 | 2.1 | 0.2 | 7.0 | 0.0 | 6.6 | −2.3 | 2.1 | −4.8 | 18.5 |
| 2023 | 7.9 | 0.3 | −8.1 | 5.6 | −1.6 | −0.2 | 3.6 | 2.1 | −8.1 | −6.4 | 10.9 | 11.5 | 16.1 |
| 2022 | −9.9 | 0.8 | 2.2 | 0.2 | −8.2 | −10.0 | 11.1 | −3.8 | −13.5 | 9.8 | 5.8 | −3.5 | −20.4 |
| 2021 | −4.8 | −2.9 | 7.2 | 2.7 | 1.7 | 6.1 | −0.2 | 6.7 | −2.0 | 0.5 | 4.0 | 5.6 | 26.6 |
| 2020 | 6.2 | −4.6 | −35.9 | 15.6 | 6.9 | −1.5 | 0.2 | 8.2 | −1.1 | −0.3 | 13.4 | 0.8 | −3.4 |
| 2019 | 5.7 | 1.5 | 6.5 | −2.7 | 2.2 | 4.6 | 2.6 | 1.1 | −2.4 | 0.9 | 2.3 | −4.1 | 19.0 |
| 2018 | −3.3 | −3.2 | 0.4 | 4.1 | 2.4 | 3.0 | 1.0 | 2.6 | −1.0 | −4.0 | 0.2 | 1.8 | 3.7 |
| 2017 | −4.7 | 4.1 | 0.9 | 2.2 | −1.0 | −4.4 | 0.4 | 0.8 | 0.4 | 2.6 | 5.2 | −0.0 | 6.3 |
| 2016 | 1.6 | 1.5 | 2.7 | 2.7 | 2.8 | 3.5 | 5.2 | −2.6 | −4.2 | −7.7 | 0.3 | 7.3 | 12.8 |
| 2015 | 7.9 | 3.3 | −1.7 | −1.8 | 3.3 | −4.2 | 6.1 | −4.1 | −0.2 | 4.9 | −2.5 | 3.8 | 14.6 |
| 2014 | −0.5 | 4.2 | −1.0 | 5.1 | 0.5 | 3.5 | 4.8 | 1.2 | −5.0 | 6.0 | 0.5 | 4.4 | 25.6 |
| 2013 | 4.6 | 2.6 | −2.0 | 8.2 | −3.9 | −0.3 | −0.9 | −0.8 | 1.7 | 2.2 | −2.8 | −0.5 | 7.6 |
| 2012 | 3.8 | 1.7 | 0.1 | 3.3 | −0.9 | 4.2 | 3.5 | 0.0 | 1.8 | 3.6 | −1.7 | 3.2 | 24.8 |
| 2011 | 1.6 | 3.5 | −1.6 | −2.3 | 0.0 | −1.3 | −8.0 | 2.8 | −4.0 | 3.1 | 1.1 | −2.0 | −7.4 |
| 2010 | −2.0 | 1.0 | −1.1 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
VAP questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Vanguard Australian Property Securities Index ETF?
Vanguard Australian Property Securities Index ETF holds 28 securities.
Its country exposure is almost entirely Australia (100.0%), based on holdings as at 31 July 2026.
Which ETFs does VAP double up with most?
VAP shares the most holdings with SPDR S&P/ASX 200 Listed Property ETF (SLF) (96% overlap), VanEck Australian Property ETF (MVA) (58% overlap) and Betashares Australian Sustainability Leaders ETF (FAIR) (17% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 96%, owning both VAP and SLF would mostly double up on the same investments rather than spread your money further. Of these, SLF has the lowest fee, at 0.16% a year against 0.23% for VAP.
How is Vanguard Australian Property Securities Index ETF managed – active or passive?
Vanguard Australian Property Securities Index ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among property funds, active funds charge a median 0.88% a year and index funds 0.20%.
What will I pay in fees for VAP?
VAP charges a management fee of 0.23% a year, about $23 for every $10,000 invested. That is cheaper than 78% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among property funds, the median is 0.28%.
Lower-cost funds with a similar focus include VanEck FTSE International Property (Hedged) ETF (REIT) at 0.20%, iShares Core FTSE Global Property Ex Australia (AUD Hedged) ETF (GLPR) at 0.15% and SPDR Dow Jones Global Real Estate ESG Tilted ETF (DJRE) at 0.20%.
If you would rather have a manager choose the investments, active options such as Resolution Capital Global Property Securities Fund - Active ETF (RCAP) at 0.80% and Quay Global Real Estate Fund (AUD Hedged) Active ETF (QGFH) at 0.92% cost more.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.04% for VAP.
Does Vanguard Australian Property Securities Index ETF follow a theme?
Yes. Vanguard Australian Property Securities Index ETF focuses on property. Thematic funds are narrower than the broad market, so they can rise or fall much more than it does.
Other ASX funds with a property focus include Resolution Capital Global Property Securities Fund - Active ETF (RCAP), VanEck Australian Property ETF (MVA), VanEck FTSE International Property (Hedged) ETF (REIT) and iShares Core FTSE Global Property Ex Australia (AUD Hedged) ETF (GLPR).
What is under the hood of VAP?
As at 31 July 2026, VAP's ten largest holdings are Goodman Group (37.5%), Scentre Group (12.6%), Charter Hall Group (6.8%), Vicinity Ltd (6.5%), Stockland (6.4%), GPT Group/The (6.1%), Mirvac Group (4.4%), Dexus (4.0%), Region Group (1.7%) and Charter Hall Long Wale REIT (1.6%). Together they make up 87.5% of the fund.
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings.
How well has Vanguard Australian Property Securities Index ETF performed?
Based on its category, Vanguard Australian Property Securities Index ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned −18.6% over 1 year (median 0.1%; ranked 6 of 7), 9.0% a year over 3 years (median 10.5% a year; ranked 6 of 7) and 1.7% a year over 5 years (median 1.7% a year; ranked 4 of 6). The medians and rankings compare it with property funds. Since listing in 2010 it has returned 7.5% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for VAP; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.23% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.