QMIX.AX vs. QUAL.AX
QMIX.AX (State Street SPDR MSCI World Quality Mix ETF) and QUAL.AX (VanEck MSCI International Quality ETF) are both Quality Factor funds - QMIX.AX tracks the MSCI World Factor Mix A-Series Index while QUAL.AX tracks the MSCI World ex Australia Quality Index. Both are passively managed. Over the past 10 years, QMIX.AX returned 12.64%/yr vs 14.83%/yr for QUAL.AX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. QMIX.AX charges 0.18%/yr vs 0.40%/yr for QUAL.AX.
Performance
QMIX.AX vs. QUAL.AX - Performance Comparison
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Returns By Period
In the year-to-date period, QMIX.AX achieves a 5.33% return, which is significantly higher than QUAL.AX's 2.45% return. Over the past 10 years, QMIX.AX has underperformed QUAL.AX with an annualized return of 12.64%, while QUAL.AX has yielded a comparatively higher 14.83% annualized return.
QMIX.AX
- 1D
- 0.00%
- 1M
- 0.06%
- 6M
- 6.30%
- YTD
- 5.33%
- 1Y
- 11.58%
- 3Y*
- 14.47%
- 5Y*
- 11.60%
- 10Y*
- 12.64%
- ALL TIME*
- 12.04%
QUAL.AX
- 1D
- 0.18%
- 1M
- -2.15%
- 6M
- 4.46%
- YTD
- 2.45%
- 1Y
- 9.11%
- 3Y*
- 14.33%
- 5Y*
- 11.34%
- 10Y*
- 14.83%
- ALL TIME*
- 15.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| A$760.26K | A$825.97K | A$685.44K | |
| A$6.79M | A$7.19M | A$9.86M |
QMIX.AX vs. QUAL.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QMIX.AX State Street SPDR MSCI World Quality Mix ETF | 5.33% | 12.23% | 24.29% | 18.07% | -6.97% | 28.75% | -1.08% | 29.52% | 0.77% | 14.11% |
QUAL.AX VanEck MSCI International Quality ETF | 2.45% | 8.12% | 30.61% | 30.52% | -16.97% | 33.99% | 11.23% | 36.86% | 3.26% | 16.10% |
Correlation
The correlation between QMIX.AX and QUAL.AX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2015 | 0.58 |
The correlation between QMIX.AX and QUAL.AX shifts across timeframes, from 0.58 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QMIX.AX vs. QUAL.AX — Risk / Return Rank
QMIX.AX
QUAL.AX
QMIX.AX vs. QUAL.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI World Quality Mix ETF (QMIX.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.
| QMIX.AX | QUAL.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.15 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.75 | +0.62 |
| Martin ratioReturn relative to average drawdown | 4.31 | 2.22 | +2.10 |
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Drawdowns
QMIX.AX vs. QUAL.AX - Drawdown Comparison
The maximum QMIX.AX drawdown since its inception was -22.24%, smaller than the maximum QUAL.AX drawdown of -24.52%. Use the drawdown chart below to compare losses from any high point for QMIX.AX and QUAL.AX.
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Drawdown Indicators
| QMIX.AX | QUAL.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.24% | -24.52% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -10.55% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -14.65% | +3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -16.24% | -24.52% | +8.28% |
Max Drawdown (10Y)Largest decline over 10 years | -22.24% | -24.52% | +2.28% |
Current DrawdownCurrent decline from peak | -0.76% | -2.47% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -4.32% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.59% | -1.10% |
Volatility
QMIX.AX vs. QUAL.AX - Volatility Comparison
State Street SPDR MSCI World Quality Mix ETF (QMIX.AX) has a higher volatility of 2.54% compared to VanEck MSCI International Quality ETF (QUAL.AX) at 2.14%. This indicates that QMIX.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
| QMIX.AX | QUAL.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 2.14% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 6.83% | 7.70% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.72% | 10.07% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.82% | 13.94% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.24% | 14.49% | -1.25% |
QMIX.AX vs. QUAL.AX - Expense Ratio Comparison
QMIX.AX has a 0.18% expense ratio, which is lower than QUAL.AX's 0.40% expense ratio.
Dividends
QMIX.AX vs. QUAL.AX - Dividend Comparison
QMIX.AX's dividend yield for the trailing twelve months is around 4.44%, more than QUAL.AX's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QMIX.AX State Street SPDR MSCI World Quality Mix ETF | 4.44% | 3.81% | 3.95% | 2.88% | 4.15% | 2.83% | 4.71% | 2.69% | 2.73% | 2.21% | 2.68% | 0.00% |
QUAL.AX VanEck MSCI International Quality ETF | 3.52% | 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
QMIX.AX and QUAL.AX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QMIX.AX is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QMIX.AX is cheaper with a 0.18% expense ratio, compared with 0.40% for QUAL.AX.
QMIX.AX tracks MSCI World Factor Mix A-Series Index, while QUAL.AX tracks MSCI World ex Australia Quality Index. They also come from different issuers: SPDR and VanEck. Their fees differ too: 0.18% for QMIX.AX and 0.40% for QUAL.AX.
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