MVB.AX vs. MVR.AX

Last updated Jul 16, 2026

MVB.AX (VanEck Australian Banks ETF) and MVR.AX (VanEck Australian Resources ETF) are both exchange-traded funds - MVB.AX is a Financials Equities fund tracking the VanEck Australian Banks Index, while MVR.AX is a Global Equities fund tracking the VanEck Australian Resources Index. Both are passively managed. Over the past 10 years, MVB.AX returned 11.48%/yr vs 13.27%/yr for MVR.AX. At a 0.33 correlation, their price movements are largely independent.

Performance

MVB.AX vs. MVR.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck Australian Banks ETF (MVB.AX) and VanEck Australian Resources ETF (MVR.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVB.AX achieves a 6.30% return, which is significantly higher than MVR.AX's 2.12% return. Over the past 10 years, MVB.AX has underperformed MVR.AX with an annualized return of 11.48%, while MVR.AX has yielded a comparatively higher 13.27% annualized return.

MVB.AX

• 1D: 0.98%
• 1M: 5.97%
• 6M: 7.39%
• YTD: 6.30%
• 1Y: 9.88%
• 3Y*: 19.87%
• 5Y*: 14.48%
• 10Y*: 11.48%

MVR.AX

• 1D: -1.18%
• 1M: -9.32%
• 6M: -1.96%
• YTD: 2.12%
• 1Y: 32.17%
• 3Y*: 7.50%
• 5Y*: 10.21%
• 10Y*: 13.27%

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

MVB.AX vs. MVR.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MVB.AX VanEck Australian Banks ETF	6.30%	13.33%	29.84%	10.90%	3.49%	32.92%	-3.64%	5.81%	-5.07%	7.77%
MVR.AX VanEck Australian Resources ETF	2.12%	40.54%	-12.84%	7.03%	20.48%	10.80%	6.64%	32.92%	-2.71%	28.94%

Correlation

The correlation between MVB.AX and MVR.AX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Oct 14, 2013	0.33

The correlation between MVB.AX and MVR.AX shifts across timeframes, from 0.16 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MVB.AX vs. MVR.AX — Risk / Return Rank

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

MVB.AX

MVB.AX Risk / Return Rank: 21
MVB.AX Sharpe Ratio Rank: 20
MVB.AX Sortino Ratio Rank: 20
MVB.AX Omega Ratio Rank: 19
MVB.AX Calmar Ratio Rank: 24
MVB.AX Martin Ratio Rank: 20

MVR.AX

MVR.AX Risk / Return Rank: 49
MVR.AX Sharpe Ratio Rank: 49
MVR.AX Sortino Ratio Rank: 46
MVR.AX Omega Ratio Rank: 45
MVR.AX Calmar Ratio Rank: 54
MVR.AX Martin Ratio Rank: 50

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.

MVB.AX vs. MVR.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Australian Banks ETF (MVB.AX) and VanEck Australian Resources ETF (MVR.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.

	MVB.AX	MVR.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.58	1.41	-0.83
Sortino ratio: Return per unit of downside risk	0.92	1.94	-1.02
Omega ratio: Gain probability vs. loss probability	1.11	1.24	-0.13
Calmar ratio: Return relative to maximum drawdown	0.94	2.22	-1.28
Martin ratio: Return relative to average drawdown	1.92	6.81	-4.89

MVB.AX vs. MVR.AX - Sharpe Ratio Comparison

The current MVB.AX Sharpe Ratio is 0.58, which is lower than the MVR.AX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of MVB.AX and MVR.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

MVB.AX vs. MVR.AX - Drawdown Comparison

The maximum MVB.AX drawdown since its inception was -46.37%, which is greater than MVR.AX's maximum drawdown of -38.96%. Use the drawdown chart below to compare losses from any high point for MVB.AX and MVR.AX.

Drawdown Indicators

	MVB.AX	MVR.AX	Difference
Max Drawdown Largest peak-to-trough decline	-46.37%	-38.96%	-7.41%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	-14.54%	+2.60%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-22.78%	+3.81%
Max Drawdown (5Y) Largest decline over 5 years	-21.31%	-22.78%	+1.47%
Max Drawdown (10Y) Largest decline over 10 years	-46.37%	-38.96%	-7.41%
Current Drawdown Current decline from peak	-4.29%	-11.81%	+7.52%
Average Drawdown Average peak-to-trough decline	-7.24%	-7.61%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.83%	4.77%	+1.06%

Volatility

MVB.AX vs. MVR.AX - Volatility Comparison

The current volatility for VanEck Australian Banks ETF (MVB.AX) is 4.92%, while VanEck Australian Resources ETF (MVR.AX) has a volatility of 6.01%. This indicates that MVB.AX experiences smaller price fluctuations and is considered to be less risky than MVR.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVB.AX	MVR.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	6.01%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	14.87%	18.70%	-3.83%
Volatility (1Y) Calculated over the trailing 1-year period	19.22%	22.83%	-3.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.10%	21.21%	-3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.41%	20.86%	-0.45%

Dividends

MVB.AX vs. MVR.AX - Dividend Comparison

MVB.AX's dividend yield for the trailing twelve months is around 2.39%, more than MVR.AX's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MVB.AX VanEck Australian Banks ETF	2.39%	2.42%	3.65%	6.41%	6.53%	6.65%	2.05%	3.47%	3.68%	8.62%	6.15%	5.51%
MVR.AX VanEck Australian Resources ETF	1.26%	2.86%	3.19%	2.55%	3.82%	5.27%	6.18%	4.25%	0.77%	2.03%	3.12%	1.91%

Frequently Asked Questions

Can I hold both MVB.AX and MVR.AX in my portfolio?

MVB.AX and MVR.AX have a correlation of 0.16, 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 MVB.AX and MVR.AX?

MVB.AX is categorized as Financials Equities, while MVR.AX is Global Equities. MVB.AX tracks VanEck Australian Banks Index, while MVR.AX tracks VanEck Australian Resources Index.