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MVS.AX vs. QUAL.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVS.AX vs. QUAL.AX

Last updated Jul 16, 2026
Documentation

MVS.AX (VanEck Small Companies Masters ETF) and QUAL.AX (Vaneck Msci International Quality Etf) are both exchange-traded funds - MVS.AX is a Small Cap Blend Equities fund tracking the VanEck Small Companies Masters Index, while QUAL.AX is a Global Equities fund tracking the Vaneck Msci International Quality Index. Both are passively managed. Over the past 10 years, MVS.AX returned 4.08%/yr vs 15.31%/yr for QUAL.AX. At a 0.43 correlation, their price movements are largely independent.

Performance

MVS.AX vs. QUAL.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck Small Companies Masters ETF (MVS.AX) and Vaneck Msci International Quality Etf (QUAL.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, MVS.AX achieves a -11.02% return, which is significantly lower than QUAL.AX's 4.12% return. Over the past 10 years, MVS.AX has underperformed QUAL.AX with an annualized return of 4.08%, while QUAL.AX has yielded a comparatively higher 15.31% annualized return.

MVS.AX

1D
0.00%
1M
-1.96%
6M
-12.40%
YTD
-11.02%
1Y
4.90%
3Y*
5.78%
5Y*
0.87%
10Y*
4.08%

QUAL.AX

1D
0.14%
1M
2.01%
6M
2.38%
YTD
4.12%
1Y
12.10%
3Y*
16.36%
5Y*
12.11%
10Y*
15.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
MVS.AX
VanEck Small Companies Masters ETF		-11.02%22.15%3.07%5.55%-17.66%17.90%1.99%17.85%-6.89%14.72%
QUAL.AX
Vaneck Msci International Quality Etf		4.12%8.12%30.61%30.52%-16.97%33.99%11.23%36.86%3.26%16.10%

Correlation

The correlation between MVS.AX and QUAL.AX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.41

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

0.35

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

0.42

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

0.44

Correlation (All Time)
Calculated using the full available price history since May 26, 2015

0.43

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VanEck Small Companies Masters ETF

Vaneck Msci International Quality Etf

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MVS.AX
MVS.AX Risk / Return Rank: 1313
Overall Rank
MVS.AX Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
MVS.AX Sortino Ratio Rank: 1313
Sortino Ratio Rank
MVS.AX Omega Ratio Rank: 1313
Omega Ratio Rank
MVS.AX Calmar Ratio Rank: 1212
Calmar Ratio Rank
MVS.AX Martin Ratio Rank: 1212
Martin Ratio Rank
QUAL.AX
QUAL.AX Risk / Return Rank: 3737
Overall Rank
QUAL.AX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
QUAL.AX Sortino Ratio Rank: 4242
Sortino Ratio Rank
QUAL.AX Omega Ratio Rank: 4141
Omega Ratio Rank
QUAL.AX Calmar Ratio Rank: 2828
Calmar Ratio Rank
QUAL.AX Martin Ratio Rank: 3030
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.

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

This table presents a comparison of risk-adjusted performance metrics for VanEck Small Companies Masters ETF (MVS.AX) and Vaneck Msci International Quality Etf (QUAL.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.

MVS.AXQUAL.AXDifference
Sharpe ratioReturn per unit of total volatility
0.23
1.23

-1.00

Sortino ratioReturn per unit of downside risk
0.49
1.81

-1.32

Omega ratioGain probability vs. loss probability

1.06

1.23

-0.17

Calmar ratioReturn relative to maximum drawdown

0.24

1.17

-0.93

Martin ratioReturn relative to average drawdown

0.51

3.51

-3.00

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

The current MVS.AX Sharpe Ratio is 0.23, which is lower than the QUAL.AX Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of MVS.AX and QUAL.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

MVS.AX vs. QUAL.AX - Drawdown Comparison

The maximum MVS.AX drawdown since its inception was -41.85%, which is greater than QUAL.AX's maximum drawdown of -24.52%. Use the drawdown chart below to compare losses from any high point for MVS.AX and QUAL.AX.

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Drawdown Indicators

MVS.AXQUAL.AXDifference

Max Drawdown

Largest peak-to-trough decline

-41.85%

-24.52%

-17.33%

Max Drawdown (1Y)

Largest decline over 1 year

-21.58%

-10.55%

-11.03%

Max Drawdown (3Y)

Largest decline over 3 years

-21.58%

-14.65%

-6.93%

Max Drawdown (5Y)

Largest decline over 5 years

-25.51%

-24.52%

-0.99%

Max Drawdown (10Y)

Largest decline over 10 years

-41.85%

-24.52%

-17.33%

Current Drawdown

Current decline from peak

-14.40%

-0.87%

-13.53%

Average Drawdown

Average peak-to-trough decline

-8.15%

-4.33%

-3.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.25%

3.56%

+6.69%

Volatility

MVS.AX vs. QUAL.AX - Volatility Comparison

VanEck Small Companies Masters ETF (MVS.AX) has a higher volatility of 4.38% compared to Vaneck Msci International Quality Etf (QUAL.AX) at 2.52%. This indicates that MVS.AX's price experiences larger fluctuations and is considered to be riskier than QUAL.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MVS.AXQUAL.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.38%

2.52%

+1.86%

Volatility (6M)

Calculated over the trailing 6-month period

19.95%

7.96%

+11.99%

Volatility (1Y)

Calculated over the trailing 1-year period

22.21%

10.03%

+12.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.43%

13.94%

+3.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.08%

14.50%

+6.58%

Dividends

MVS.AX vs. QUAL.AX - Dividend Comparison

MVS.AX's dividend yield for the trailing twelve months is around 1.30%, less than QUAL.AX's 3.47% yield.

PositionTTM20252024202320222021202020192018201720162015
MVS.AX
VanEck Small Companies Masters ETF		1.30%1.36%1.78%2.01%2.34%3.08%3.46%3.74%1.68%2.96%2.87%0.25%
QUAL.AX
Vaneck Msci International Quality Etf		3.47%1.99%4.51%1.06%1.10%0.86%1.05%1.35%1.86%2.90%2.16%1.69%

Frequently Asked Questions

MVS.AX and QUAL.AX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MVS.AX is categorized as Small Cap Blend Equities, while QUAL.AX is Global Equities. MVS.AX tracks VanEck Small Companies Masters Index, while QUAL.AX tracks Vaneck Msci International Quality Index.

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