MVA.AX vs. MVS.AX

Last updated Jul 18, 2026

MVA.AX (VanEck Australian Property ETF) and MVS.AX (VanEck Small Companies Masters ETF) are both exchange-traded funds - MVA.AX is a REIT fund tracking the VanEck Australian Property Index, while MVS.AX is a Small Cap Blend Equities fund tracking the VanEck Small Companies Masters Index. Both are passively managed. Over the past 10 years, MVA.AX returned 4.05%/yr vs 3.89%/yr for MVS.AX. At a 0.50 correlation, their price movements are largely independent.

Performance

MVA.AX vs. MVS.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck Australian Property ETF (MVA.AX) and VanEck Small Companies Masters ETF (MVS.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVA.AX achieves a -9.84% return, which is significantly higher than MVS.AX's -12.44% return. Both investments have delivered pretty close results over the past 10 years, with MVA.AX having a 4.05% annualized return and MVS.AX not far behind at 3.89%.

MVA.AX

• 1D: 1.18%
• 1M: -1.23%
• 6M: -6.69%
• YTD: -9.84%
• 1Y: -2.51%
• 3Y*: 6.80%
• 5Y*: 2.84%
• 10Y*: 4.05%

MVS.AX

• 1D: -1.59%
• 1M: -6.20%
• 6M: -14.37%
• YTD: -12.44%
• 1Y: 2.82%
• 3Y*: 5.29%
• 5Y*: 0.54%
• 10Y*: 3.89%

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

MVA.AX vs. MVS.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MVA.AX VanEck Australian Property ETF	-9.84%	19.20%	11.61%	1.64%	-18.72%	22.15%	-5.13%	22.14%	3.76%	7.32%
MVS.AX VanEck Small Companies Masters ETF	-12.44%	22.15%	3.07%	5.55%	-17.66%	17.90%	1.99%	17.85%	-6.89%	14.72%

Correlation

The correlation between MVA.AX and MVS.AX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since May 26, 2015	0.50

The correlation between MVA.AX and MVS.AX shifts across timeframes, from 0.35 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MVA.AX vs. MVS.AX — Risk / Return Rank

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

MVA.AX

MVA.AX Risk / Return Rank: 9
MVA.AX Sharpe Ratio Rank: 9
MVA.AX Sortino Ratio Rank: 8
MVA.AX Omega Ratio Rank: 8
MVA.AX Calmar Ratio Rank: 9
MVA.AX Martin Ratio Rank: 9

MVS.AX

MVS.AX Risk / Return Rank: 12
MVS.AX Sharpe Ratio Rank: 12
MVS.AX Sortino Ratio Rank: 13
MVS.AX Omega Ratio Rank: 13
MVS.AX Calmar Ratio Rank: 12
MVS.AX Martin Ratio Rank: 12

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.

MVA.AX vs. MVS.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Australian Property ETF (MVA.AX) and VanEck Small Companies Masters ETF (MVS.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.

	MVA.AX	MVS.AX	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	0.12	-0.24
Sortino ratio: Return per unit of downside risk	-0.02	0.34	-0.36
Omega ratio: Gain probability vs. loss probability	1.00	1.04	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.11	0.13	-0.24
Martin ratio: Return relative to average drawdown	-0.21	0.27	-0.48

MVA.AX vs. MVS.AX - Sharpe Ratio Comparison

The current MVA.AX Sharpe Ratio is -0.12, which is lower than the MVS.AX Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of MVA.AX and MVS.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MVA.AX vs. MVS.AX - Drawdown Comparison

The maximum MVA.AX drawdown since its inception was -49.63%, which is greater than MVS.AX's maximum drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for MVA.AX and MVS.AX.

Drawdown Indicators

	MVA.AX	MVS.AX	Difference
Max Drawdown Largest peak-to-trough decline	-49.63%	-41.85%	-7.78%
Max Drawdown (1Y) Largest decline over 1 year	-21.69%	-21.58%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-21.69%	-21.58%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-30.11%	-25.51%	-4.60%
Max Drawdown (10Y) Largest decline over 10 years	-49.63%	-41.85%	-7.78%
Current Drawdown Current decline from peak	-13.02%	-15.76%	+2.74%
Average Drawdown Average peak-to-trough decline	-9.29%	-8.16%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.50%	10.30%	+1.20%

Volatility

MVA.AX vs. MVS.AX - Volatility Comparison

VanEck Australian Property ETF (MVA.AX) has a higher volatility of 5.48% compared to VanEck Small Companies Masters ETF (MVS.AX) at 4.51%. This indicates that MVA.AX's price experiences larger fluctuations and is considered to be riskier than MVS.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVA.AX	MVS.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	4.51%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	15.61%	19.99%	-4.38%
Volatility (1Y) Calculated over the trailing 1-year period	20.41%	22.27%	-1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.11%	17.44%	+7.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.62%	21.09%	+2.53%

Dividends

MVA.AX vs. MVS.AX - Dividend Comparison

MVA.AX's dividend yield for the trailing twelve months is around 3.41%, more than MVS.AX's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MVA.AX VanEck Australian Property ETF	3.41%	1.58%	2.42%	2.63%	2.61%	3.67%	4.35%	3.98%	2.00%	5.18%	4.56%	2.10%
MVS.AX VanEck Small Companies Masters ETF	1.32%	1.36%	1.78%	2.01%	2.34%	3.08%	3.46%	3.74%	1.68%	2.96%	2.87%	0.25%

Frequently Asked Questions

Can I hold both MVA.AX and MVS.AX in my portfolio?

MVA.AX and MVS.AX have a correlation of 0.35, 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 MVA.AX and MVS.AX?

MVA.AX is categorized as REIT, while MVS.AX is Small Cap Blend Equities. MVA.AX tracks VanEck Australian Property Index, while MVS.AX tracks VanEck Small Companies Masters Index.