VanEck - Australian Equal Weight ETF (MVW.AX)
About this ETF
The VanEck Australian Equal Weight ETF (MVW) offers investors broad exposure to Australian equities, with every holding allocated an identical weighting. The fund's primary goal is to replicate the performance of its benchmark index, before accounting for fees and expenses. This acclaimed Australian equity strategy is underpinned by extensive research, specifically targeting Australia's largest and most readily traded public companies. By evenly distributing capital across its components, the portfolio delivers authentic diversification and effectively reduces sector-specific concentration risk. Historically, this equal weighting methodology has consistently shown a capacity for generating superior long-term returns compared to traditional market capitalization-weighted investment approaches.
Price
Top 10 holdings
| Pro Medicus Ltd PME.AX | 1.65% |
| Csl Ltd CSL.AX | 1.58% |
| Aristocrat Leisure Ltd ALL.AX | 1.56% |
| Cochlear Ltd COH.AX | 1.55% |
| Asx Ltd ASX.AX | 1.52% |
| Qantas Airways Ltd QAN.AX | 1.50% |
| Endeavour Group Ltd/Australia EDV.AX | 1.49% |
| Ramsay Health Care Ltd RHC.AX | 1.48% |
| National Australia Bank Ltd NAB.AX | 1.48% |
| Computershare Ltd CPU.AX | 1.47% |
Sector mix
Price chart
Returns
| 1 month | -2.67% |
| 3 months | -1.04% |
| 6 months | -1.45% |
| Year to date | -1.99% |
| 1 year | -3.26% |
| 3 years (ann.) | +2.53% |
| 5 years (ann.) | +2.75% |
| 10 years (ann.) | +4.50% |
Risk profile
| Volatility (1y, ann.) | 12.70% |
| Sharpe (1y) | -0.20 |
| Sharpe (3y) | 0.24 |
| Sortino (1y) | -0.29 |
| Max drawdown (1y) | -11.23% |
| Max drawdown (5y) | -14.94% |
| Max drawdown (full) | -39.63% |
| Beta vs S&P 500 (1y) | 0.10 |
| Correlation vs S&P 500 (1y) | 0.10 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 6,948 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-07-01 | 2026-07-27 | AUD 0.6600 |
| 2025-07-01 | 2025-07-25 | AUD 1.0900 |
| 2025-01-01 | 2025-01-17 | AUD 0.6500 |
| 2024-07-01 | 2024-07-23 | AUD 0.9400 |
| 2024-01-01 | 2024-01-17 | AUD 0.6600 |
| 2023-07-03 | 2023-07-25 | AUD 0.6300 |
| 2023-01-02 | 2023-01-18 | AUD 0.5900 |
| 2022-07-01 | 2022-07-25 | AUD 0.6100 |
| 2022-01-03 | 2022-01-19 | AUD 0.5200 |
| 2021-07-01 | 2021-07-23 | AUD 0.3400 |
| 2021-01-04 | 2021-01-19 | AUD 0.4200 |
| 2020-07-01 | 2020-07-24 | AUD 0.5100 |
| 2020-01-02 | 2020-01-17 | AUD 0.6100 |
| 2019-07-01 | 2019-07-22 | AUD 0.5600 |
| 2019-01-02 | 2019-01-17 | AUD 0.5600 |
| 2018-07-02 | 2018-07-24 | AUD 0.2300 |
| 2018-01-01 | 2018-01-23 | AUD 0.5400 |
| 2017-07-03 | 2017-07-18 | AUD 0.3146 |
| 2017-01-17 | 2017-02-02 | AUD 0.3979 |
| 2016-07-01 | 2016-07-18 | AUD 0.2145 |
| 2016-01-11 | 2016-01-28 | AUD 0.2702 |
| 2015-07-01 | 2015-07-17 | AUD 0.2481 |
| 2015-01-01 | 2015-01-15 | AUD 0.1172 |
| 2014-10-01 | 2014-10-20 | AUD 0.1138 |
| 2014-06-30 | — | AUD 0.1141 |
| 2014-03-30 | — | AUD 0.0257 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 1.05% | +19.93% | 1.48 |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 1.07% | +19.68% | 1.49 |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 1.09% | +19.68% | 1.49 |
| State Street SPDR S&P 500 ETF SPY | 0.09% | 789.23B | 1.00% | +19.71% | 1.49 |
| SPDR S&P 500 ETF Trust 1557.T | 0.09% | 789.09B | 0.49% | +37.54% | 2.26 |
| State Street SPDR S&P 500 ETF SPY.AX | 0.09% | 788.13B | 1.00% | +11.84% | 1.13 |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 2.61% | +20.58% | 1.21 |
| Invesco QQQ Trust, Series 1 QQQ | 0.18% | 481.14B | 0.43% | +28.14% | 1.43 |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.39% | +16.85% | 0.99 |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 2.60% | +21.64% | 1.23 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| iShares Core MSCI EAFE ETF IEFA | 0.07% | 187.22B | 6.1% |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 4.8% |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 3.3% |
| iShares Core MSCI World UCITS ETF IWDA.AS | 0.20% | 143.20B | 1.5% |
| iShares Core MSCI World UCITS ETF SWDA.L | 0.20% | 143.31B | 1.5% |

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