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

QHAL.AX vs. MVA.AX

Last updated Jul 16, 2026
Documentation

QHAL.AX (VanEck MSCI International Quality (AUD Hedged) ETF) and MVA.AX (VanEck Australian Property ETF) are both exchange-traded funds - QHAL.AX is a Global Equities fund tracking the VanEck MSCI International Quality (AUD Hedged) Index, while MVA.AX is a REIT fund tracking the VanEck Australian Property Index. Both are passively managed. Over the past 5 years, QHAL.AX returned 9.81%/yr vs 2.60%/yr for MVA.AX. At a 0.41 correlation, their price movements are largely independent.

Performance

QHAL.AX vs. MVA.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck MSCI International Quality (AUD Hedged) ETF (QHAL.AX) and VanEck Australian Property ETF (MVA.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, QHAL.AX achieves a 9.09% return, which is significantly higher than MVA.AX's -10.89% return.

QHAL.AX

1D
0.18%
1M
1.31%
6M
7.14%
YTD
9.09%
1Y
19.63%
3Y*
16.48%
5Y*
9.81%
10Y*
—

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

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

2026 (YTD)2025202420232022202120202019
QHAL.AX
VanEck MSCI International Quality (AUD Hedged) ETF		9.09%16.95%16.47%28.64%-22.97%27.30%15.85%16.88%
MVA.AX
VanEck Australian Property ETF		-10.89%19.20%11.61%1.64%-18.72%22.15%-5.13%7.16%

Correlation

The correlation between QHAL.AX and MVA.AX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.32

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

0.37

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

0.42

Correlation (All Time)
Calculated using the full available price history since Mar 21, 2019

0.41

The correlation between QHAL.AX and MVA.AX shifts across timeframes, from 0.32 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.

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VanEck MSCI International Quality (AUD Hedged) ETF

VanEck Australian Property ETF

Return for Risk

QHAL.AX vs. MVA.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QHAL.AX
QHAL.AX Risk / Return Rank: 5555
Overall Rank
QHAL.AX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
QHAL.AX Sortino Ratio Rank: 5555
Sortino Ratio Rank
QHAL.AX Omega Ratio Rank: 5555
Omega Ratio Rank
QHAL.AX Calmar Ratio Rank: 4949
Calmar Ratio Rank
QHAL.AX Martin Ratio Rank: 6262
Martin Ratio Rank
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
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.

QHAL.AX vs. MVA.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck MSCI International Quality (AUD Hedged) ETF (QHAL.AX) and VanEck Australian Property ETF (MVA.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.

QHAL.AXMVA.AXDifference
Sharpe ratioReturn per unit of total volatility
1.51
-0.15

+1.66

Sortino ratioReturn per unit of downside risk
2.17
-0.07

+2.25

Omega ratioGain probability vs. loss probability

1.28

0.99

+0.29

Calmar ratioReturn relative to maximum drawdown

2.05

-0.14

+2.19

Martin ratioReturn relative to average drawdown

8.80

-0.28

+9.07

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

The current QHAL.AX Sharpe Ratio is 1.51, which is higher than the MVA.AX Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of QHAL.AX and MVA.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

QHAL.AX vs. MVA.AX - Drawdown Comparison

The maximum QHAL.AX drawdown since its inception was -31.33%, smaller than the maximum MVA.AX drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for QHAL.AX and MVA.AX.

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Drawdown Indicators

QHAL.AXMVA.AXDifference

Max Drawdown

Largest peak-to-trough decline

-31.33%

-49.63%

+18.30%

Max Drawdown (1Y)

Largest decline over 1 year

-9.72%

-21.69%

+11.97%

Max Drawdown (3Y)

Largest decline over 3 years

-19.02%

-21.69%

+2.67%

Max Drawdown (5Y)

Largest decline over 5 years

-29.40%

-30.11%

+0.71%

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.63%

—

Current Drawdown

Current decline from peak

0.00%

-14.03%

+14.03%

Average Drawdown

Average peak-to-trough decline

-6.09%

-9.29%

+3.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.29%

11.47%

-9.18%

Volatility

QHAL.AX vs. MVA.AX - Volatility Comparison

The current volatility for VanEck MSCI International Quality (AUD Hedged) ETF (QHAL.AX) is 2.91%, while VanEck Australian Property ETF (MVA.AX) has a volatility of 5.53%. This indicates that QHAL.AX experiences smaller price fluctuations and is considered to be less risky than MVA.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QHAL.AXMVA.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.91%

5.53%

-2.62%

Volatility (6M)

Calculated over the trailing 6-month period

11.08%

15.58%

-4.50%

Volatility (1Y)

Calculated over the trailing 1-year period

13.25%

20.39%

-7.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.30%

25.11%

-6.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.82%

23.62%

-4.80%

Dividends

QHAL.AX vs. MVA.AX - Dividend Comparison

QHAL.AX's dividend yield for the trailing twelve months is around 3.40%, less than MVA.AX's 3.45% 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%
QHAL.AX
VanEck MSCI International Quality (AUD Hedged) ETF		3.40%1.93%4.95%1.04%1.12%0.86%0.93%1.34%0.00%0.00%0.00%0.00%

Frequently Asked Questions

QHAL.AX and MVA.AX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QHAL.AX is categorized as Global Equities, while MVA.AX is REIT. QHAL.AX tracks VanEck MSCI International Quality (AUD Hedged) Index, while MVA.AX tracks VanEck Australian Property Index.

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