QHAL.AX vs. REIT.AX

Last updated Jul 16, 2026

QHAL.AX (VanEck MSCI International Quality (AUD Hedged) ETF) and REIT.AX (VanEck FTSE International Property (AUD Hedged) ETF) are both exchange-traded funds - QHAL.AX is a Global Equities fund tracking the VanEck MSCI International Quality (AUD Hedged) Index, while REIT.AX is a REIT fund tracking the VanEck FTSE International Property (AUD Hedged) Index. Both are passively managed. Over the past 5 years, QHAL.AX returned 9.81%/yr vs -0.28%/yr for REIT.AX. At a 0.47 correlation, their price movements are largely independent.

Performance

QHAL.AX vs. REIT.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 FTSE International Property (AUD Hedged) ETF (REIT.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QHAL.AX achieves a 9.09% return, which is significantly lower than REIT.AX's 11.07% 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*: —

REIT.AX

• 1D: 1.12%
• 1M: 0.53%
• 6M: 11.21%
• YTD: 11.07%
• 1Y: 14.43%
• 3Y*: 6.97%
• 5Y*: -0.28%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QHAL.AX VanEck MSCI International Quality (AUD Hedged) ETF	9.09%	16.95%	16.47%	28.64%	-22.97%	27.30%	15.85%	18.25%
REIT.AX VanEck FTSE International Property (AUD Hedged) ETF	11.07%	7.01%	-1.59%	6.46%	-26.16%	31.83%	-13.54%	6.59%

Correlation

The correlation between QHAL.AX and REIT.AX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Mar 29, 2019	0.47

The correlation between QHAL.AX and REIT.AX shifts across timeframes, from 0.29 (1 year) to 0.47 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

QHAL.AX vs. REIT.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: 55
QHAL.AX Sharpe Ratio Rank: 54
QHAL.AX Sortino Ratio Rank: 55
QHAL.AX Omega Ratio Rank: 55
QHAL.AX Calmar Ratio Rank: 49
QHAL.AX Martin Ratio Rank: 62

REIT.AX

REIT.AX Risk / Return Rank: 36
REIT.AX Sharpe Ratio Rank: 34
REIT.AX Sortino Ratio Rank: 33
REIT.AX Omega Ratio Rank: 33
REIT.AX Calmar Ratio Rank: 39
REIT.AX Martin Ratio Rank: 43

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. REIT.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 FTSE International Property (AUD Hedged) ETF (REIT.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.AX	REIT.AX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.04	+0.47
Sortino ratio: Return per unit of downside risk	2.17	1.50	+0.67
Omega ratio: Gain probability vs. loss probability	1.28	1.19	+0.09
Calmar ratio: Return relative to maximum drawdown	2.05	1.65	+0.40
Martin ratio: Return relative to average drawdown	8.80	5.59	+3.20

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

The current QHAL.AX Sharpe Ratio is 1.51, which is higher than the REIT.AX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of QHAL.AX and REIT.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

QHAL.AX vs. REIT.AX - Drawdown Comparison

The maximum QHAL.AX drawdown since its inception was -31.33%, smaller than the maximum REIT.AX drawdown of -42.54%. Use the drawdown chart below to compare losses from any high point for QHAL.AX and REIT.AX.

Drawdown Indicators

	QHAL.AX	REIT.AX	Difference
Max Drawdown Largest peak-to-trough decline	-31.33%	-42.54%	+11.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.72%	-9.04%	-0.68%
Max Drawdown (3Y) Largest decline over 3 years	-19.02%	-19.42%	+0.40%
Max Drawdown (5Y) Largest decline over 5 years	-29.40%	-35.77%	+6.37%
Current Drawdown Current decline from peak	0.00%	-8.05%	+8.05%
Average Drawdown Average peak-to-trough decline	-6.09%	-16.76%	+10.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.69%	-0.40%

Volatility

QHAL.AX vs. REIT.AX - Volatility Comparison

The current volatility for VanEck MSCI International Quality (AUD Hedged) ETF (QHAL.AX) is 2.91%, while VanEck FTSE International Property (AUD Hedged) ETF (REIT.AX) has a volatility of 3.92%. This indicates that QHAL.AX experiences smaller price fluctuations and is considered to be less risky than REIT.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QHAL.AX	REIT.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	3.92%	-1.01%
Volatility (6M) Calculated over the trailing 6-month period	11.08%	11.91%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	13.25%	14.39%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.30%	18.02%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.82%	19.77%	-0.95%

Dividends

QHAL.AX vs. REIT.AX - Dividend Comparison

QHAL.AX's dividend yield for the trailing twelve months is around 3.40%, more than REIT.AX's 3.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
REIT.AX VanEck FTSE International Property (AUD Hedged) ETF	3.31%	4.47%	2.25%	3.16%	3.25%	3.16%	4.30%	1.83%

Frequently Asked Questions

Can I hold both QHAL.AX and REIT.AX in my portfolio?

QHAL.AX and REIT.AX have a correlation of 0.29, 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 QHAL.AX and REIT.AX?

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