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MVE.AX vs. CETF.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVE.AX vs. CETF.AX

Last updated Jul 16, 2026
Documentation

MVE.AX (VanEck S&P/ASX MidCap ETF) and CETF.AX (VanEck FTSE China A50 ETF) are both exchange-traded funds - MVE.AX is a Mid Cap Blend Equities fund tracking the VanEck S&P/ASX MidCap Index, while CETF.AX is a China Equities fund tracking the FTSE China A50 Net Tax AUD Index. Both are passively managed. Over the past 10 years, MVE.AX returned 8.88%/yr vs 5.29%/yr for CETF.AX. At a 0.11 correlation, their price movements are largely independent.

Performance

MVE.AX vs. CETF.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck S&P/ASX MidCap ETF (MVE.AX) and VanEck FTSE China A50 ETF (CETF.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, MVE.AX achieves a -5.02% return, which is significantly lower than CETF.AX's -0.98% return. Over the past 10 years, MVE.AX has outperformed CETF.AX with an annualized return of 8.88%, while CETF.AX has yielded a comparatively lower 5.29% annualized return.

MVE.AX

1D
0.33%
1M
-1.58%
6M
-6.77%
YTD
-5.02%
1Y
1.82%
3Y*
7.22%
5Y*
5.96%
10Y*
8.88%

CETF.AX

1D
-1.86%
1M
-1.13%
6M
-2.24%
YTD
-0.98%
1Y
11.65%
3Y*
9.83%
5Y*
0.64%
10Y*
5.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MVE.AX vs. CETF.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MVE.AX
VanEck S&P/ASX MidCap ETF		-5.02%17.59%10.85%5.45%-6.79%20.90%19.05%22.94%-8.17%23.25%
CETF.AX
VanEck FTSE China A50 ETF		-0.98%12.88%30.64%-13.18%-16.50%-1.23%18.52%33.28%-18.45%21.26%

Correlation

The correlation between MVE.AX and CETF.AX is 0.05, 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 (1Y)
Calculated over the trailing 1-year period

0.05

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

-0.02

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

0.05

Correlation (10Y)
Calculated over the trailing 10-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Jun 24, 2015

0.11

The correlation between MVE.AX and CETF.AX shifts across timeframes, from -0.02 (3 years) to 0.11 (10 years), reflecting how their relationship changes across market environments.

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VanEck S&P/ASX MidCap ETF

VanEck FTSE China A50 ETF

Return for Risk

MVE.AX vs. CETF.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MVE.AX
MVE.AX Risk / Return Rank: 1111
Overall Rank
MVE.AX Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
MVE.AX Sortino Ratio Rank: 1111
Sortino Ratio Rank
MVE.AX Omega Ratio Rank: 1111
Omega Ratio Rank
MVE.AX Calmar Ratio Rank: 1111
Calmar Ratio Rank
MVE.AX Martin Ratio Rank: 1111
Martin Ratio Rank
CETF.AX
CETF.AX Risk / Return Rank: 2424
Overall Rank
CETF.AX Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
CETF.AX Sortino Ratio Rank: 2323
Sortino Ratio Rank
CETF.AX Omega Ratio Rank: 2323
Omega Ratio Rank
CETF.AX Calmar Ratio Rank: 2424
Calmar Ratio Rank
CETF.AX Martin Ratio Rank: 2323
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.

MVE.AX vs. CETF.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck S&P/ASX MidCap ETF (MVE.AX) and VanEck FTSE China A50 ETF (CETF.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.

MVE.AXCETF.AXDifference
Sharpe ratioReturn per unit of total volatility
0.14
0.76

-0.62

Sortino ratioReturn per unit of downside risk
0.32
1.11

-0.79

Omega ratioGain probability vs. loss probability

1.04

1.14

-0.10

Calmar ratioReturn relative to maximum drawdown

0.15

0.97

-0.81

Martin ratioReturn relative to average drawdown

0.37

2.38

-2.02

MVE.AX vs. CETF.AX - Sharpe Ratio Comparison

The current MVE.AX Sharpe Ratio is 0.14, which is lower than the CETF.AX Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of MVE.AX and CETF.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

MVE.AX vs. CETF.AX - Drawdown Comparison

The maximum MVE.AX drawdown since its inception was -53.11%, which is greater than CETF.AX's maximum drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for MVE.AX and CETF.AX.

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Drawdown Indicators

MVE.AXCETF.AXDifference

Max Drawdown

Largest peak-to-trough decline

-53.11%

-41.32%

-11.79%

Max Drawdown (1Y)

Largest decline over 1 year

-15.88%

-12.01%

-3.87%

Max Drawdown (3Y)

Largest decline over 3 years

-17.45%

-19.05%

+1.60%

Max Drawdown (5Y)

Largest decline over 5 years

-20.77%

-33.90%

+13.13%

Max Drawdown (10Y)

Largest decline over 10 years

-40.47%

-40.95%

+0.48%

Current Drawdown

Current decline from peak

-7.95%

-11.36%

+3.41%

Average Drawdown

Average peak-to-trough decline

-12.59%

-23.78%

+11.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.67%

4.95%

+1.72%

Volatility

MVE.AX vs. CETF.AX - Volatility Comparison

The current volatility for VanEck S&P/ASX MidCap ETF (MVE.AX) is 3.41%, while VanEck FTSE China A50 ETF (CETF.AX) has a volatility of 5.19%. This indicates that MVE.AX experiences smaller price fluctuations and is considered to be less risky than CETF.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MVE.AXCETF.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.41%

5.19%

-1.78%

Volatility (6M)

Calculated over the trailing 6-month period

13.96%

11.75%

+2.21%

Volatility (1Y)

Calculated over the trailing 1-year period

16.84%

15.18%

+1.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.44%

19.75%

-3.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.77%

20.06%

-3.29%

Dividends

MVE.AX vs. CETF.AX - Dividend Comparison

MVE.AX's dividend yield for the trailing twelve months is around 1.47%, less than CETF.AX's 1.87% yield.

PositionTTM20252024202320222021202020192018201720162015
CETF.AX
VanEck FTSE China A50 ETF		1.87%1.94%1.55%2.94%2.80%1.80%1.30%1.28%11.56%1.08%1.16%3.19%
MVE.AX
VanEck S&P/ASX MidCap ETF		1.47%2.92%1.78%1.84%2.35%2.45%3.99%5.06%1.22%3.11%0.46%0.71%

Frequently Asked Questions

MVE.AX and CETF.AX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MVE.AX is categorized as Mid Cap Blend Equities, while CETF.AX is China Equities. MVE.AX tracks VanEck S&P/ASX MidCap Index, while CETF.AX tracks FTSE China A50 Net Tax AUD Index.

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