Vanguard Global Minimum Volatility Active 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 Global ex-Australia equity funds would cost $296 (0.59% a year), so VMIN is $129 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 30 June 2026 · 195 securities · top 10 = 15.4%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.3 | 4.3 | −5.1 | 3.8 | 2.6 | −0.0 | 2.4 | 0.1 | −0.8 | 4.3 | 14.1YTD | ||
| 2025 | 4.6 | 0.7 | 0.3 | −0.8 | 1.9 | 0.5 | 1.1 | 1.1 | 0.6 | 0.4 | 0.2 | 0.9 | 12.0 |
| 2024 | 3.1 | 2.8 | 2.1 | −2.4 | −0.0 | 3.5 | 2.1 | 2.9 | 0.1 | −1.1 | 2.7 | −4.6 | 11.5 |
| 2023 | −0.4 | 0.2 | −0.4 | 2.2 | −2.6 | 3.0 | 0.6 | −0.6 | −1.3 | −2.3 | 3.4 | 3.6 | 5.1 |
| 2022 | −6.6 | −0.7 | 4.5 | −1.2 | −1.2 | −3.1 | 2.0 | −1.8 | −5.2 | 4.5 | 3.2 | −0.7 | −6.7 |
| 2021 | 1.1 | −0.1 | 3.6 | 0.5 | 1.1 | 1.0 | 0.0 | 1.9 | −2.4 | 0.5 | −0.5 | 4.5 | 11.5 |
| 2020 | 1.0 | −6.9 | −13.6 | 9.9 | −0.3 | −0.1 | 3.9 | 1.9 | −2.8 | −1.9 | 5.3 | 2.5 | −3.0 |
| 2019 | 1.4 | 2.8 | 0.8 | 2.6 | −1.3 | 3.4 | 2.4 | 0.3 | 1.5 | 0.4 | 2.5 | 0.6 | 18.6 |
| 2018 | 0.4 | 0.9 | 1.9 | 1.7 | −0.8 | −4.9 | 3.5 | −2.4 | 0.1 |
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.
VMIN questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Vanguard Global Minimum Volatility Active ETF?
Vanguard Global Minimum Volatility Active ETF holds 195 securities, and its ten largest positions make up 15.4% of the fund, more spread out than the 36.4% typical of Global ex-Australia equity funds. That makes it moderately diversified.
Its largest country exposure is United States at 67.5%, and its biggest sector is Information Technology at 45.8%, based on holdings as at 30 June 2026.
Which ETFs does VMIN double up with most?
VMIN shares the most holdings with iShares Edge MSCI World Minimum Volatility ETF (WVOL) (28% overlap), SPDR MSCI World Quality Mix ETF (QMIX) (24% overlap) and Betashares S&P Global High Dividend Aristocrats ETF (INCM) (18% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
None of these overlaps is above half, so pairing VMIN with one of them adds some genuinely different holdings.
How is Vanguard Global Minimum Volatility Active ETF managed – active or passive?
Vanguard Global Minimum Volatility Active ETF is actively managed. Rather than tracking an index, a fund manager at Vanguard decides what to buy and sell, aiming to do better than the market after fees.
Among Global ex-Australia equity funds, active funds charge a median 0.75% a year and index funds 0.45%.
What will I pay in fees for VMIN?
VMIN 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 Global ex-Australia equity funds, the median is 0.55%.
Lower-cost funds with a similar focus include iShares Edge MSCI World Minimum Volatility ETF (WVOL) 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 0.27% for VMIN.
Does Vanguard Global Minimum Volatility Active 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 iShares Edge MSCI Australia Minimum Volatility ETF (MVOL).
What is under the hood of VMIN?
As at 30 June 2026, VMIN's ten largest holdings are Taiwan Semiconductor-Sp ADR (1.8%), Texas Instruments Inc (1.6%), Johnson & Johnson (1.6%), General Dynamics Corp (1.5%), Apple Inc (1.5%), NVIDIA Corp (1.5%), Coca-Cola Co/The (1.5%), Waste Management Inc (1.5%), Procter & Gamble Co/The (1.5%) and Microsoft Corp (1.5%). Together they make up 15.4% of the fund.
As an active fund it has no index rule: the manager decides which investments to hold and how much of each, within the limits set out in the PDS.
How well has Vanguard Global Minimum Volatility Active ETF performed?
Based on its category, Vanguard Global Minimum Volatility Active ETF aims to grow your capital faster than its market after fees.
To 23 Oct 2026, with distributions reinvested, it returned 14.4% over 1 year (median 6.3%; ranked 26 of 121), 14.8% a year over 3 years (median 16.8% a year; ranked 53 of 82) and 7.5% a year over 5 years (median 9.4% a year; ranked 43 of 66). The medians and rankings compare it with Global ex-Australia equity funds. Since listing in 2018 it has returned 7.1% a year.
As an active fund, VMIN has no index to track. The fairer test is whether it beats similar funds and its market after fees, over several years.
Past performance is not a reliable indicator of future performance.