MVW.AX vs. CORE.AX
MVW.AX (VanEck Australian Equal Weight ETF) and CORE.AX (Schroder Global Core Fund - Active ETF) are both Global Equities funds. MVW.AX is passively managed, while CORE.AX is actively managed. Over the past year, MVW.AX returned -0.49% vs 15.14% for CORE.AX. At a 0.38 correlation, their price movements are largely independent.
Performance
MVW.AX vs. CORE.AX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MVW.AX achieves a -0.08% return, which is significantly lower than CORE.AX's 4.95% return.
MVW.AX
- 1D
- -0.18%
- 1M
- -1.38%
- 6M
- 0.31%
- YTD
- -0.08%
- 1Y
- -0.49%
- 3Y*
- 5.54%
- 5Y*
- 5.17%
- 10Y*
- 7.25%
CORE.AX
- 1D
- -0.25%
- 1M
- 0.93%
- 6M
- 4.67%
- YTD
- 4.95%
- 1Y
- 15.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVW.AX vs. CORE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MVW.AX VanEck Australian Equal Weight ETF | -0.08% | 1.29% |
CORE.AX Schroder Global Core Fund - Active ETF | 4.95% | 12.78% |
Correlation
The correlation between MVW.AX and CORE.AX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.38 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MVW.AX vs. CORE.AX — Risk / Return Rank
MVW.AX
CORE.AX
MVW.AX vs. CORE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Australian Equal Weight ETF (MVW.AX) and Schroder Global Core Fund - Active ETF (CORE.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.
| MVW.AX | CORE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.28 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 1.68 | -1.67 |
| Martin ratioReturn relative to average drawdown | 0.03 | 4.54 | -4.51 |
Loading charts...
Drawdowns
MVW.AX vs. CORE.AX - Drawdown Comparison
The maximum MVW.AX drawdown since its inception was -38.80%, which is greater than CORE.AX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for MVW.AX and CORE.AX.
Loading charts...
Drawdown Indicators
| MVW.AX | CORE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -10.20% | -28.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -10.20% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -13.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | — | — |
Current DrawdownCurrent decline from peak | -5.13% | -1.34% | -3.79% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -2.60% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | — | — |
Volatility
MVW.AX vs. CORE.AX - Volatility Comparison
VanEck Australian Equal Weight ETF (MVW.AX) has a higher volatility of 2.96% compared to Schroder Global Core Fund - Active ETF (CORE.AX) at 2.12%. This indicates that MVW.AX's price experiences larger fluctuations and is considered to be riskier than CORE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MVW.AX | CORE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 2.12% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 7.39% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 12.44% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 12.50% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 12.50% | +3.49% |
Dividends
MVW.AX vs. CORE.AX - Dividend Comparison
MVW.AX's dividend yield for the trailing twelve months is around 1.74%, more than CORE.AX's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 0.68% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MVW.AX VanEck Australian Equal Weight ETF | 1.74% | 2.82% | 2.50% | 1.75% | 1.83% | 2.18% | 3.63% | 3.55% | 0.87% | 2.51% | 1.92% | 1.13% |
Frequently Asked Questions
MVW.AX and CORE.AX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: VanEck and Schroder.
Find the right allocation for MVW.AX and CORE.AX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer