VanEck S&P/ASX MidCap ETF (MVE.AX)

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VanEck S&P/ASX MidCap ETF (MVE.AX) is down 5.0% since the beginning of the year. MVE.AX is currently trading at A$43 per share. Investors who bought A$1,000 worth of MVE.AX shares 5 years ago would now be looking at an investment worth A$1,336.

VanEck S&P/ASX MidCap ETF (MVE.AX) has returned -5.02% so far this year and 1.82% over the past 12 months. Over the last ten years, MVE.AX has returned 8.88% per year, falling short of the S&P 500 Index benchmark, which averaged 14.27% annually.

Based on dividend-adjusted daily data since Oct 14, 2013, MVE.AX's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.

Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +15.6%, while the worst month was Mar 2020 at -22.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, MVE.AX closed higher 53% of trading days. The best single day was Feb 28, 2024 with a return of +6.4%, while the worst single day was Mar 23, 2020 at -9.1%.

VanEck S&P/ASX MidCap ETF has an annualized alpha of 4.76%, beta of 0.13, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 14, 2013.

• This ETF participated in 84.08% of S&P 500 Index downside but only 51.31% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.13 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MVE.AX ranks 11 for risk / return — in the bottom 11% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

VanEck S&P/ASX MidCap ETF provided a 1.47% dividend yield over the last twelve months, with an annual payout of A$0.63 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for VanEck S&P/ASX MidCap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the VanEck S&P/ASX MidCap ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the VanEck S&P/ASX MidCap ETF was 53.11%, occurring on Jan 20, 2016. Recovery took 873 trading sessions.

The current VanEck S&P/ASX MidCap ETF drawdown is 7.95%.

The chart below shows the rolling one-month volatility.