MONY.AX vs. MVW.AX

Last updated Jul 18, 2026

MONY.AX (VanEck Cash Plus Active ETF) and MVW.AX (VanEck Australian Equal Weight ETF) are both exchange-traded funds - MONY.AX is a Money Market fund actively managed by VanEck, while MVW.AX is a Global Equities fund tracking the VanEck Australian Equal Weight Index. MONY.AX is actively managed, while MVW.AX is passively managed. At a 0.09 correlation, their price movements are largely independent.

Performance

MONY.AX vs. MVW.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck Cash Plus Active ETF (MONY.AX) and VanEck Australian Equal Weight ETF (MVW.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MONY.AX

• 1D: -0.04%
• 1M: 0.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MVW.AX

• 1D: -0.03%
• 1M: -1.48%
• 6M: -0.10%
• YTD: -0.10%
• 1Y: -0.54%
• 3Y*: 5.70%
• 5Y*: 5.16%
• 10Y*: 7.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MONY.AX vs. MVW.AX - Yearly Performance Comparison

	2026 (YTD)
MONY.AX VanEck Cash Plus Active ETF	1.69%
MVW.AX VanEck Australian Equal Weight ETF	1.20%

Correlation

The correlation between MONY.AX and MVW.AX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 5, 2026	0.09

Return for Risk

MONY.AX vs. MVW.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MONY.AX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MVW.AX

MVW.AX Risk / Return Rank: 10
MVW.AX Sharpe Ratio Rank: 10
MVW.AX Sortino Ratio Rank: 9
MVW.AX Omega Ratio Rank: 9
MVW.AX Calmar Ratio Rank: 10
MVW.AX Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MONY.AX vs. MVW.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Cash Plus Active ETF (MONY.AX) and VanEck Australian Equal Weight ETF (MVW.AX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	MONY.AX	MVW.AX	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.04	—
Sortino ratio: Return per unit of downside risk	—	0.03	—
Omega ratio: Gain probability vs. loss probability	—	1.00	—
Calmar ratio: Return relative to maximum drawdown	—	-0.05	—
Martin ratio: Return relative to average drawdown	—	-0.10	—

Drawdowns

MONY.AX vs. MVW.AX - Drawdown Comparison

The maximum MONY.AX drawdown since its inception was -0.32%, smaller than the maximum MVW.AX drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for MONY.AX and MVW.AX.

Drawdown Indicators

	MONY.AX	MVW.AX	Difference
Max Drawdown Largest peak-to-trough decline	-0.32%	-38.80%	+38.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.80%	—
Current Drawdown Current decline from peak	-0.04%	-5.15%	+5.11%
Average Drawdown Average peak-to-trough decline	-0.05%	-4.03%	+3.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.59%	—

Volatility

Volatility by Period

	MONY.AX	MVW.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.94%	12.45%	-11.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.94%	14.71%	-13.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.94%	15.99%	-15.05%

Dividends

MONY.AX vs. MVW.AX - Dividend Comparison

MONY.AX's dividend yield for the trailing twelve months is around 1.48%, less than MVW.AX's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MONY.AX VanEck Cash Plus Active ETF	1.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MVW.AX VanEck Australian Equal Weight ETF	1.74%	2.82%	2.50%	1.75%	1.83%	2.18%	3.63%	3.55%	0.87%	2.51%	1.92%	1.13%

Frequently Asked Questions

Can I hold both MONY.AX and MVW.AX in my portfolio?

MONY.AX and MVW.AX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between MONY.AX and MVW.AX?

MONY.AX is categorized as Money Market, while MVW.AX is Global Equities.