iShares Edge MSCI Australia Minimum Volatility 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 MVOL is $26 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 2 Sept 2026 · 94 securities · top 10 = 37.1%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.1 | 2.7 | −4.5 | 0.9 | 0.3 | 3.3 | 1.5 | −0.2 | −0.6 | 1.4 | 5.7YTD | ||
| 2025 | 3.3 | −1.4 | −2.1 | 3.6 | 4.3 | 1.6 | 1.6 | 2.8 | −1.1 | 0.1 | −1.2 | 0.3 | 12.2 |
| 2024 | 1.5 | 2.1 | 1.7 | −1.9 | −0.5 | 2.3 | 3.8 | 0.7 | 1.3 | −1.4 | 4.3 | −1.4 | 13.0 |
| 2023 | 3.9 | −0.7 | 0.4 | 3.8 | −2.1 | 0.4 | 1.5 | −0.9 | −2.5 | −3.0 | 3.6 | 4.9 | 9.3 |
| 2022 | −7.9 | 1.7 | 6.5 | 0.5 | −3.1 | −6.3 | 2.5 | 0.8 | −6.5 | 3.6 | 6.4 | −1.3 | −4.4 |
| 2021 | −0.6 | −1.6 | 4.3 | 2.3 | 2.3 | 3.1 | 1.5 | 2.6 | −2.7 | 0.3 | 1.4 | 3.3 | 17.3 |
| 2020 | 4.6 | −7.0 | −20.6 | 9.9 | 5.2 | 2.0 | 1.1 | 0.7 | −3.0 | 1.3 | 6.2 | 0.9 | −2.5 |
| 2019 | 2.4 | 3.7 | 1.8 | 1.9 | 1.7 | 4.7 | 3.4 | −1.6 | 1.3 | −1.0 | 2.6 | −2.7 | 19.7 |
| 2018 | 1.2 | −2.0 | −2.6 | 1.5 | 2.5 | 3.7 | 0.6 | 0.5 | −0.5 | −6.0 | 0.5 | −0.8 | −1.6 |
| 2017 | −2.0 | 3.4 | 3.4 | 1.8 | −1.3 | 0.1 | −0.3 | 0.0 | 0.6 | 2.7 | 1.1 | 1.5 | 11.6 |
| 2016 | 1.5 | 4.7 | 6.3 |
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.
MVOL questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is iShares Edge MSCI Australia Minimum Volatility ETF?
iShares Edge MSCI Australia Minimum Volatility ETF holds 94 securities, and its ten largest positions make up 37.1% of the fund, more spread out than the 53.0% typical of Australian equity funds. That makes it moderately diversified.
Its country exposure is almost entirely Australia (100.0%), and its biggest sector is Financials at 31.0%, based on holdings as at 2 Sept 2026.
Which ETFs does MVOL double up with most?
MVOL shares the most holdings with iShares Core S&P/ASX 200 ETF (IOZ) (63% overlap), VanEck MSCI Australian Quality Plus ETF (AQTY) (61% overlap) and SPDR S&P/ASX 200 ETF (STW) (60% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 63%, owning both MVOL and IOZ would mostly double up on the same investments rather than spread your money further. Of these, IOZ has the lowest fee, at 0.05% a year against 0.30% for MVOL.
How is iShares Edge MSCI Australia Minimum Volatility ETF managed – active or passive?
iShares Edge MSCI Australia Minimum Volatility ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks. Its index uses a minimum-volatility approach, so it is sometimes called "smart beta".
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 MVOL?
MVOL charges a management fee of 0.30% a year, about $30 for every $10,000 invested. That is cheaper than 66% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among Australian equity funds, the median is 0.35%.
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 0.11% for MVOL.
Does iShares Edge MSCI Australia Minimum Volatility ETF follow a theme?
Not a theme as such, but it follows a minimum-volatility investment style: it favours shares that have historically moved less than the market.
Other ASX funds using a minimum-volatility approach include iShares Edge MSCI World Minimum Volatility ETF (WVOL) and Vanguard Global Minimum Volatility Active ETF (VMIN).
What is under the hood of MVOL?
As at 2 Sept 2026, MVOL's ten largest holdings are BHP Group Ltd (6.2%), Telstra Group (4.9%), ANZ Group Holdings Ltd (4.0%), Transurban Group Stapled Units (3.5%), Wesfarmers (3.4%), Westpac Banking Corporation (3.4%), Coles Group Ltd (3.1%), Macquarie Group Ltd Def (3.1%), Rio Tinto Ltd (3.0%) and Woolworths Group Ltd (2.6%). Together they make up 37.1% of the fund.
Rather than simply weighting companies by market size, its index favours shares that have historically moved less than the market.
How well has iShares Edge MSCI Australia Minimum Volatility ETF performed?
Based on its category, iShares Edge MSCI Australia Minimum Volatility ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 3.7% over 1 year (median 0.6%; ranked 19 of 65), 13.1% a year over 3 years (median 11.6% a year; ranked 16 of 54) and 7.8% a year over 5 years (median 6.6% a year; ranked 18 of 48). The medians and rankings compare it with Australian equity funds. Since listing in 2016 it has returned 8.0% 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 MVOL; 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 0.30% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.