- Issuer
- VanEck
- Inception Date
- Mar 4, 2014
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- VanEck Australian Equal Weight Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
MVW.AX Performance Chart
VanEck Australian Equal Weight ETF (MVW.AX) is down 0.1% since the beginning of the year. MVW.AX is currently trading at A$38 per share. Investors who bought A$1,000 worth of MVW.AX shares 5 years ago would now be looking at an investment worth A$1,287.
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Returns By Period
VanEck Australian Equal Weight ETF (MVW.AX) has returned -0.08% so far this year and -0.49% over the past 12 months. Over the last ten years, MVW.AX has returned 7.25% per year, falling short of the S&P 500 Index benchmark, which averaged 14.27% annually.
VanEck Australian Equal Weight ETF
- 1D
- -0.18%
- 1M
- -1.38%
- 6M
- 0.31%
- YTD
- -0.08%
- 1Y
- -0.49%
- 3Y*
- 5.54%
- 5Y*
- 5.17%
- 10Y*
- 7.25%
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%
MVW.AX Monthly Returns History
Based on dividend-adjusted daily data since Mar 4, 2014, MVW.AX's average daily return is +0.03%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +16.9%, while the worst month was Mar 2020 at -23.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MVW.AX closed higher 54% of trading days. The best single day was Apr 30, 2020 with a return of +6.5%, while the worst single day was Apr 7, 2025 at -7.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.26% | 0.88% | -6.24% | 2.93% | 0.72% | 2.19% | -0.03% | -0.08% | |||||
| 2025 | 2.82% | -3.29% | -2.54% | 3.02% | 3.97% | 1.31% | 2.26% | 2.44% | -1.27% | -0.35% | -1.14% | -1.12% | 5.96% |
| 2024 | -2.00% | 2.64% | 2.99% | -1.05% | -1.33% | -0.50% | 3.61% | -0.11% | 3.84% | -1.08% | 4.09% | -3.57% | 7.39% |
| 2023 | 3.15% | -0.81% | -1.23% | 3.38% | -1.58% | 1.08% | 2.76% | 0.06% | -3.48% | -4.70% | 4.25% | 6.97% | 9.60% |
| 2022 | -8.27% | 1.87% | 5.97% | -0.12% | -3.62% | -8.38% | 6.66% | 2.41% | -7.29% | 6.37% | 6.27% | -2.48% | -2.49% |
| 2021 | -0.75% | 0.60% | 1.94% | 2.74% | 0.88% | 3.17% | 0.37% | 3.34% | -0.91% | 0.18% | 0.59% | 2.77% | 15.82% |
Benchmark Metrics
VanEck Australian Equal Weight ETF has an annualized alpha of 5.66%, beta of 0.14, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since March 04, 2014.
- This ETF participated in 83.31% of S&P 500 Index downside but only 58.46% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 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
- 5.66%
- Beta
- 0.14
- R²
- 0.02
- Upside Capture
- 58.46%
- Downside Capture
- 83.31%
Return for Risk
Risk / Return Rank
MVW.AX ranks 9 for risk / return — in the bottom 9% 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 VanEck Australian Equal Weight ETF (MVW.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.
| MVW.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.24 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 1.11 | -1.10 |
| Martin ratioReturn relative to average drawdown | 0.03 | 3.10 | -3.07 |
Dividends
Dividend History
VanEck Australian Equal Weight ETF provided a 1.74% dividend yield over the last twelve months, with an annual payout of A$0.66 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | A$0.66 | A$1.09 | A$0.94 | A$0.63 | A$0.61 | A$0.76 | A$1.12 | A$1.12 | A$0.23 | A$0.71 | A$0.48 | A$0.25 |
Dividend yield | 1.74% | 2.82% | 2.50% | 1.75% | 1.83% | 2.18% | 3.63% | 3.55% | 0.87% | 2.51% | 1.92% | 1.13% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Australian Equal Weight 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$0.66 | A$0.66 | |||||
| 2025 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.09 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.09 |
| 2024 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.94 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.94 |
| 2023 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.63 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.63 |
| 2022 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.61 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.61 |
| 2021 | A$0.42 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.34 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.76 |
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 VanEck Australian Equal Weight 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 Australian Equal Weight ETF was 38.80%, occurring on Mar 23, 2020. Recovery took 264 trading sessions.
The current VanEck Australian Equal Weight ETF drawdown is 5.13%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.80%Mar 2020 | 2mo | 1y 16d | 1y 2moJan 2020 - Apr 2021 | COVID crash2020 |
-14.94%Jun 2022 | 5mo 18d | 5mo 17d | 11mo 5dDec 2021 - Dec 2022 | Bear market2022 |
-14.25%Dec 2018 | 3mo 22d | 2mo 16d | 6mo 8dAug 2018 - Mar 2019 | Rate-hike selloffLate 2018 |
-13.77%Feb 2016 | 9mo 18d | 2mo 10d | 11mo 28dApr 2015 - Apr 2016 | — |
-13.20%Apr 2025 | 4mo 4d | 1mo 27d | 6mo 1dDec 2024 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| MVW.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -41.07% | +2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -11.69% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -13.20% | -17.74% | +4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | -22.01% | +7.07% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | -24.71% | -14.09% |
Current DrawdownCurrent decline from peak | -5.13% | -0.60% | -4.53% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -11.02% | +6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 4.20% | +1.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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