- Issuer
- iShares
- Inception Date
- Oct 11, 2016
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares Edge MSCI Australia Minimum Volatility Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
MVOL.AX Performance Chart
iShares Edge MSCI Australia Minimum Volatility ETF (MVOL.AX) is up 1.3% since the beginning of the year. MVOL.AX is currently trading at A$35 per share. Investors who bought A$1,000 worth of MVOL.AX shares 5 years ago would now be looking at an investment worth A$1,422.
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Returns By Period
iShares Edge MSCI Australia Minimum Volatility ETF (MVOL.AX) has returned 1.32% so far this year and 3.33% over the past 12 months.
iShares Edge MSCI Australia Minimum Volatility ETF
- 1D
- 0.00%
- 1M
- -0.25%
- 6M
- 2.42%
- YTD
- 1.32%
- 1Y
- 3.33%
- 3Y*
- 9.58%
- 5Y*
- 7.29%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.12%
- 1M
- 1.38%
- 6M
- 4.49%
- YTD
- 5.58%
- 1Y
- 12.98%
- 3Y*
- 18.01%
- 5Y*
- 13.12%
- 10Y*
- 14.27%
MVOL.AX Monthly Returns History
Based on dividend-adjusted daily data since Oct 11, 2016, MVOL.AX's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +9.9%, while the worst month was Mar 2020 at -20.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MVOL.AX closed higher 40% of trading days. The best single day was Mar 26, 2020 with a return of +5.4%, while the worst single day was Mar 12, 2020 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.76% | 2.67% | -4.51% | 0.87% | 0.32% | 3.27% | -0.34% | 1.32% | |||||
| 2025 | 3.32% | -1.43% | -2.12% | 3.56% | 4.28% | 1.61% | 1.60% | 2.85% | -1.05% | 0.14% | -1.23% | 0.28% | 12.17% |
| 2024 | 1.53% | 2.13% | 1.70% | -1.86% | -0.48% | 2.26% | 3.81% | 0.66% | 1.27% | -1.44% | 4.33% | -1.43% | 12.96% |
| 2023 | 3.89% | -0.70% | 0.43% | 3.82% | -2.08% | 0.39% | 1.53% | -0.93% | -2.54% | -2.98% | 3.60% | 4.91% | 9.32% |
| 2022 | -7.93% | 1.72% | 6.51% | 0.51% | -3.06% | -6.34% | 2.48% | 0.83% | -6.54% | 3.59% | 6.37% | -1.30% | -4.40% |
| 2021 | -0.56% | -1.62% | 4.33% | 2.32% | 2.27% | 3.12% | 1.54% | 2.64% | -2.70% | 0.29% | 1.40% | 3.30% | 17.33% |
Benchmark Metrics
iShares Edge MSCI Australia Minimum Volatility ETF has an annualized alpha of 7.18%, beta of 0.12, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since October 11, 2016.
- This ETF participated in 67.64% of S&P 500 Index downside but only 56.22% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.12 may look defensive, but with R2 of 0.02 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 0.02 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.
- Alpha
- 7.18%
- Beta
- 0.12
- R²
- 0.02
- Upside Capture
- 56.22%
- Downside Capture
- 67.64%
Return for Risk
Risk / Return Rank
MVOL.AX ranks 16 for risk / return — in the bottom 16% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Edge MSCI Australia Minimum Volatility ETF (MVOL.AX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MVOL.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 1.11 | -0.59 |
| Martin ratioReturn relative to average drawdown | 1.32 | 3.10 | -1.78 |
Dividends
Dividend History
iShares Edge MSCI Australia Minimum Volatility ETF provided a 1.30% dividend yield over the last twelve months, with an annual payout of A$0.46 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | A$0.46 | A$1.47 | A$1.58 | A$1.60 | A$1.10 | A$0.87 | A$0.76 | A$0.88 | A$2.02 | A$0.58 |
Dividend yield | 1.30% | 4.16% | 4.80% | 5.19% | 3.72% | 2.71% | 2.67% | 2.95% | 7.87% | 2.08% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Edge MSCI Australia Minimum Volatility ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.46 | A$0.46 | |||||
| 2025 | A$0.62 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.85 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.47 |
| 2024 | A$0.66 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.92 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.58 |
| 2023 | A$0.60 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.60 |
| 2022 | A$0.54 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.56 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.10 |
| 2021 | A$0.40 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.47 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.87 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Edge MSCI Australia Minimum Volatility 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 iShares Edge MSCI Australia Minimum Volatility ETF was 33.22%, occurring on Mar 23, 2020. Recovery took 313 trading sessions.
The current iShares Edge MSCI Australia Minimum Volatility ETF drawdown is 1.38%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-33.22%Mar 2020 | 1mo 1d | 1y 2mo | 1y 3moFeb 2020 - Jun 2021 | COVID crash2020 |
-14.01%Sep 2022 | 5mo 5d | 6mo 16d | 11mo 21dApr 2022 - Apr 2023 | Bear market2022 |
-13.16%Dec 2018 | 5mo 23d | 4mo 3d | 9mo 26dJul 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-10.71%Jan 2022 | 22d | 2mo 24d | 3mo 16dJan 2022 - Apr 2022 | Bear market2022 |
-7.83%Apr 2025 | 2mo 3d | 24d | 2mo 27dFeb 2025 - May 2025 | 2025 selloff2025 |
Drawdown Indicators
| MVOL.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.22% | -41.07% | +7.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -11.69% | +4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -7.83% | -17.74% | +9.91% |
Max Drawdown (5Y)Largest decline over 5 years | -14.01% | -22.01% | +8.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.71% | — |
Current DrawdownCurrent decline from peak | -1.38% | -0.60% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -11.02% | +6.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 4.20% | -1.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with MVOL.AX
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