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MVA.AX vs. REIT.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVA.AX vs. REIT.AX

Last updated Jul 16, 2026
Documentation

MVA.AX (VanEck Australian Property ETF) and REIT.AX (VanEck FTSE International Property (AUD Hedged) ETF) are both REIT funds from VanEck - MVA.AX tracks the VanEck Australian Property Index while REIT.AX tracks the VanEck FTSE International Property (AUD Hedged) Index. Both are passively managed. Over the past 5 years, MVA.AX returned 2.60%/yr vs -0.28%/yr for REIT.AX. At a 0.44 correlation, their price movements are largely independent.

Performance

MVA.AX vs. REIT.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 FTSE International Property (AUD Hedged) ETF (REIT.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MVA.AX achieves a -10.89% return, which is significantly lower than REIT.AX's 11.07% return.

MVA.AX

1D
0.79%
1M
-2.70%
6M
-7.81%
YTD
-10.89%
1Y
-3.80%
3Y*
5.89%
5Y*
2.60%
10Y*
3.94%

REIT.AX

1D
1.12%
1M
0.53%
6M
11.21%
YTD
11.07%
1Y
14.43%
3Y*
6.97%
5Y*
-0.28%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
MVA.AX
VanEck Australian Property ETF		-10.89%19.20%11.61%1.64%-18.72%22.15%-5.13%4.88%
REIT.AX
VanEck FTSE International Property (AUD Hedged) ETF		11.07%7.01%-1.59%6.46%-26.16%31.83%-13.54%6.59%

Correlation

The correlation between MVA.AX and REIT.AX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Mar 29, 2019

0.44

The correlation between MVA.AX and REIT.AX shifts across timeframes, from 0.33 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

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VanEck Australian Property ETF

VanEck FTSE International Property (AUD Hedged) ETF

Return for Risk

MVA.AX vs. REIT.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: 88
Overall Rank
MVA.AX Sharpe Ratio Rank: 88
Sharpe Ratio Rank
MVA.AX Sortino Ratio Rank: 88
Sortino Ratio Rank
MVA.AX Omega Ratio Rank: 77
Omega Ratio Rank
MVA.AX Calmar Ratio Rank: 88
Calmar Ratio Rank
MVA.AX Martin Ratio Rank: 88
Martin Ratio Rank
REIT.AX
REIT.AX Risk / Return Rank: 3636
Overall Rank
REIT.AX Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
REIT.AX Sortino Ratio Rank: 3333
Sortino Ratio Rank
REIT.AX Omega Ratio Rank: 3333
Omega Ratio Rank
REIT.AX Calmar Ratio Rank: 3939
Calmar Ratio Rank
REIT.AX Martin Ratio Rank: 4343
Martin Ratio Rank
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. REIT.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Australian Property ETF (MVA.AX) and VanEck FTSE International Property (AUD Hedged) ETF (REIT.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.AXREIT.AXDifference
Sharpe ratioReturn per unit of total volatility
-0.15
1.04

-1.19

Sortino ratioReturn per unit of downside risk
-0.07
1.50

-1.57

Omega ratioGain probability vs. loss probability

0.99

1.19

-0.20

Calmar ratioReturn relative to maximum drawdown

-0.14

1.65

-1.80

Martin ratioReturn relative to average drawdown

-0.28

5.59

-5.87

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

The current MVA.AX Sharpe Ratio is -0.15, which is lower than the REIT.AX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of MVA.AX and REIT.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.

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Drawdowns

MVA.AX vs. REIT.AX - Drawdown Comparison

The maximum MVA.AX drawdown since its inception was -49.63%, which is greater than REIT.AX's maximum drawdown of -42.54%. Use the drawdown chart below to compare losses from any high point for MVA.AX and REIT.AX.

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Drawdown Indicators

MVA.AXREIT.AXDifference

Max Drawdown

Largest peak-to-trough decline

-49.63%

-42.54%

-7.09%

Max Drawdown (1Y)

Largest decline over 1 year

-21.69%

-9.04%

-12.65%

Max Drawdown (3Y)

Largest decline over 3 years

-21.69%

-19.42%

-2.27%

Max Drawdown (5Y)

Largest decline over 5 years

-30.11%

-35.77%

+5.66%

Max Drawdown (10Y)

Largest decline over 10 years

-49.63%

—

—

Current Drawdown

Current decline from peak

-14.03%

-8.05%

-5.98%

Average Drawdown

Average peak-to-trough decline

-9.29%

-16.76%

+7.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.47%

2.69%

+8.78%

Volatility

MVA.AX vs. REIT.AX - Volatility Comparison

VanEck Australian Property ETF (MVA.AX) has a higher volatility of 5.53% compared to VanEck FTSE International Property (AUD Hedged) ETF (REIT.AX) at 3.92%. This indicates that MVA.AX's price experiences larger fluctuations and is considered to be riskier than REIT.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MVA.AXREIT.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.53%

3.92%

+1.61%

Volatility (6M)

Calculated over the trailing 6-month period

15.58%

11.91%

+3.67%

Volatility (1Y)

Calculated over the trailing 1-year period

20.39%

14.39%

+6.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.11%

18.02%

+7.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.62%

19.77%

+3.85%

Dividends

MVA.AX vs. REIT.AX - Dividend Comparison

MVA.AX's dividend yield for the trailing twelve months is around 3.45%, more than REIT.AX's 3.31% yield.

PositionTTM20252024202320222021202020192018201720162015
MVA.AX
VanEck Australian Property ETF		3.45%1.58%2.42%2.63%2.61%3.67%4.35%3.98%2.00%5.18%4.56%2.10%
REIT.AX
VanEck FTSE International Property (AUD Hedged) ETF		3.31%4.47%2.25%3.16%3.25%3.16%4.30%1.83%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MVA.AX and REIT.AX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MVA.AX tracks VanEck Australian Property Index, while REIT.AX tracks VanEck FTSE International Property (AUD Hedged) Index.

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