VanEck Australian Banks 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 Australian equity funds would cost $187 (0.37% a year), so MVB is $41 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 3 Sept 2026 · 7 securities · top 10 = 99.9%
Country
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.3 | 10.5 | −8.2 | 2.5 | −2.5 | 1.0 | 6.8 | −4.9 | −0.7 | 4.7 | 7.9YTD | ||
| 2025 | 6.5 | −5.9 | −4.2 | 4.2 | 5.0 | 4.4 | −1.1 | 7.1 | −0.5 | 2.3 | −5.8 | 3.7 | 15.8 |
| 2024 | 5.4 | 3.9 | 2.0 | −3.5 | 3.2 | 5.4 | 5.9 | 2.6 | 0.8 | 2.7 | 5.0 | −4.8 | 31.8 |
| 2023 | 5.7 | −3.1 | −5.8 | 3.2 | −3.5 | 2.4 | 5.1 | −0.3 | −1.9 | −3.7 | 5.3 | 7.9 | 10.6 |
| 2022 | −6.2 | 2.7 | 10.9 | −0.9 | −2.3 | −13.5 | 9.8 | −1.5 | −6.4 | 14.2 | 1.9 | −4.1 | 1.2 |
| 2021 | 2.4 | 8.0 | 6.1 | 1.6 | 4.8 | −0.7 | −1.6 | 3.9 | 2.3 | 2.6 | −7.1 | 5.0 | 30.0 |
| 2020 | 5.1 | −4.4 | −29.9 | 2.0 | 5.8 | 5.3 | −1.6 | 1.6 | −4.4 | 6.9 | 17.7 | 0.0 | −3.6 |
| 2019 | 1.4 | 5.8 | −2.0 | 3.9 | 2.9 | 3.1 | 1.8 | −3.1 | 6.2 | −4.1 | −2.7 | −2.0 | 10.9 |
| 2018 | −0.8 | 1.0 | −5.8 | 1.3 | 0.6 | 5.3 | 1.9 | 0.1 | −1.6 | −7.4 | 4.3 | −4.5 | −6.2 |
| 2017 | −2.2 | 5.1 | 3.6 | 0.9 | −8.0 | 0.4 | 1.7 | −1.2 | 2.0 | 3.5 | −1.1 | 0.3 | 4.5 |
| 2016 | −11.3 | −6.8 | 4.8 | 1.5 | 7.2 | −5.9 | 6.1 | 0.6 | 1.6 | 0.8 | 6.3 | 5.5 | 8.8 |
| 2015 | 4.9 | 7.8 | 2.7 | −4.9 | −0.8 | −3.4 | 4.6 | −11.5 | −3.8 | 6.1 | 2.5 | 3.9 | 6.6 |
| 2014 | −4.8 | 5.1 | 3.0 | 1.1 | 1.4 | −0.4 | 2.6 | −0.3 | −7.6 | 8.1 | −1.8 | 2.2 | 7.9 |
| 2013 | 1.0 | 0.9 | 1.9 |
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.
MVB questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is VanEck Australian Banks ETF?
VanEck Australian Banks ETF holds 7 securities, and its ten largest positions make up 99.9% of the fund, more concentrated than the 51.2% typical of Australian equity funds. That makes it fairly concentrated.
Its country exposure is almost entirely Australia (100.0%), based on holdings as at 3 Sept 2026.
Which ETFs does MVB double up with most?
MVB shares the most holdings with Betashares Financials Sector ETF (QFN) (70% overlap), SPDR S&P/ASX 200 Financials ex AREIT ETF (OZF) (70% overlap) and Vanguard MSCI Australian Large Companies Index ETF (VLC) (48% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 70%, owning both MVB and QFN would mostly double up on the same investments rather than spread your money further.
How is VanEck Australian Banks ETF managed – active or passive?
VanEck Australian Banks ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among Australian equity funds, active funds charge a median 0.85% a year and index funds 0.34%.
What will I pay in fees for MVB?
MVB charges a management fee of 0.28% a year, about $28 for every $10,000 invested. That is cheaper than 72% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among Australian equity funds, the median is 0.35%.
Lower-cost funds with a similar focus include Betashares Australian Bank Senior Floating Rate Bond ETF (QPON) at 0.22% and Global X Australian Bank Credit ETF (BANK) at 0.25%.
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 0.06% for MVB.
Does VanEck Australian Banks ETF follow a theme?
Yes. VanEck Australian Banks ETF focuses on banks. Thematic funds are narrower than the broad market, so they can rise or fall much more than it does.
Other ASX funds with a banks focus include Betashares Australian Bank Senior Floating Rate Bond ETF (QPON), Australian Major Bank Subordinated Debt ETF (BSUB), Betashares Australian Major Bank Hybrids Index ETF (BHYB) and Betashares Global Banks ETF - Currency Hedged (BNKS).
What is under the hood of MVB?
As at 3 Sept 2026, MVB's 7 largest holdings are Anz Group Holdings Ltd (21.1%), National Australia Bank Ltd (20.7%), Commonwealth Bank Of Australia (19.2%), Westpac Banking Corp (18.9%), Macquarie Group Ltd (17.8%), Bendigo & Adelaide Bank Ltd (1.3%) and Bank Of Queensland Ltd (1.0%). Together they make up 99.9% of the fund.
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings. Its top 10 weighting of 99.9% compares with 51.2% for Australian equity funds.
How well has VanEck Australian Banks ETF performed?
Based on its category, VanEck Australian Banks ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 4.6% over 1 year (median 0.6%; ranked 18 of 65), 22.5% a year over 3 years (median 11.6% a year; ranked 1 of 54) and 12.4% a year over 5 years (median 6.6% a year; ranked 4 of 48). The medians and rankings compare it with Australian equity funds. Since listing in 2013 it has returned 9.8% 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 MVB; 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 0.28% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.