VanEck Australian Equal Weight 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 MVW is $7 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 · 74 securities · top 10 = 17.5%
Country
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.4 | 0.9 | −6.2 | 2.9 | 0.7 | 2.2 | 1.4 | 1.5 | −1.0 | 0.2 | 3.8YTD | ||
| 2025 | 4.6 | −3.3 | −2.5 | 3.0 | 4.0 | 1.3 | 2.3 | 2.4 | −1.3 | −0.4 | −1.1 | −1.1 | 7.8 |
| 2024 | −0.2 | 2.6 | 3.0 | −1.0 | −1.3 | −0.5 | 3.6 | −0.1 | 3.8 | −1.1 | 4.1 | −3.6 | 9.4 |
| 2023 | 5.0 | −0.8 | −1.2 | 3.4 | −1.6 | 1.1 | 2.8 | 0.1 | −3.5 | −4.7 | 4.3 | 7.0 | 11.6 |
| 2022 | −6.9 | 1.9 | 6.0 | −0.1 | −3.6 | −8.4 | 6.7 | 2.4 | −7.3 | 6.4 | 6.3 | −2.5 | −1.0 |
| 2021 | −0.8 | 0.6 | 1.9 | 2.7 | 0.9 | 3.2 | 0.4 | 3.3 | −0.9 | 0.2 | 0.6 | 2.8 | 15.8 |
| 2020 | 3.6 | −9.8 | −23.1 | 16.9 | 3.5 | 0.5 | 1.3 | 4.7 | −3.8 | 2.1 | 11.0 | 0.8 | 1.7 |
| 2019 | 4.3 | 5.2 | 0.9 | 2.4 | 0.8 | 3.6 | 3.7 | −2.7 | 2.0 | 0.1 | 6.8 | −5.1 | 23.7 |
| 2018 | −0.6 | 0.1 | −3.3 | 3.9 | 0.0 | 2.6 | 1.8 | 2.6 | −1.0 | −7.0 | −2.7 | 0.1 | −4.0 |
| 2017 | −0.9 | 2.3 | 2.7 | 0.8 | −0.3 | 0.5 | −0.6 | 1.3 | −0.4 | 4.6 | 2.4 | 2.4 | 15.5 |
| 2016 | −5.8 | 4.0 | 5.3 | 3.8 | 2.6 | −1.9 | 7.6 | −0.8 | −0.6 | −3.5 | 1.8 | 5.1 | 18.1 |
| 2015 | 2.7 | 7.2 | −0.6 | −1.4 | 2.8 | −7.6 | 5.4 | −6.3 | −2.8 | 6.4 | −1.5 | 2.1 | 5.3 |
| 2014 | 1.5 | 1.2 | −0.3 | 4.1 | 1.0 | −4.4 | 3.8 | −2.5 | 2.9 | 7.1 |
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.
MVW questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is VanEck Australian Equal Weight ETF?
VanEck Australian Equal Weight ETF holds 74 securities, and its ten largest positions make up 17.5% 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%), based on holdings as at 3 Sept 2026.
Which ETFs does MVW double up with most?
MVW shares the most holdings with VanEck Geared Australian Equal Weight Complex ETF (GMVW) (100% overlap), iShares Edge MSCI Australia Minimum Volatility ETF (MVOL) (57% overlap) and Betashares Australian Ex-20 Portfolio Diversifier ETF (EX20) (52% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 100%, owning both MVW and GMVW would mostly double up on the same investments rather than spread your money further. Of these, EX20 has the lowest fee, at 0.25% a year against 0.35% for MVW.
How is VanEck Australian Equal Weight ETF managed – active or passive?
VanEck Australian Equal Weight 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 an equal-weight 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 MVW?
MVW charges a management fee of 0.35% a year, about $35 for every $10,000 invested. That is cheaper than 58% 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 0.05% for MVW.
Does VanEck Australian Equal Weight ETF follow a theme?
Not a theme as such, but it follows an equal-weight investment style: it gives each company roughly the same weight, so smaller companies count as much as the largest.
Other ASX funds using an equal-weight approach include Betashares S&P 500 Equal Weight ETF (QUS), Betashares S&P 500 Equal Weight Currency Hedged ETF (HQUS), VanEck Geared Australian Equal Weight Complex ETF (GMVW) and Betashares NASDAQ 100 Equal Weight ETF (QNDQ).
What is under the hood of MVW?
As at 3 Sept 2026, MVW's ten largest holdings are Csl Ltd (2.2%), Perseus Mining Ltd (1.9%), Evolution Mining Ltd (1.8%), Ramelius Resources Ltd (1.8%), Ramsay Health Care Ltd (1.8%), Cochlear Ltd (1.8%), Northern Star Resources Ltd (1.6%), Ampol Ltd (1.5%), South32 Ltd (1.5%) and Aristocrat Leisure Ltd (1.5%). Together they make up 17.5% of the fund.
Rather than simply weighting companies by market size, its index gives each company roughly the same weight, so smaller companies count as much as the largest.
How well has VanEck Australian Equal Weight ETF performed?
Based on its category, VanEck Australian Equal Weight ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned −0.6% over 1 year (median 0.6%; ranked 38 of 65), 10.4% a year over 3 years (median 11.6% a year; ranked 36 of 54) and 6.6% a year over 5 years (median 6.9% a year; ranked 25 of 48). The medians and rankings compare it with Australian equity funds. Since listing in 2014 it has returned 8.8% 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 MVW; 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 0.35% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.