QUAL.AX vs. CETF.AX

Last updated Jul 16, 2026

QUAL.AX (Vaneck Msci International Quality Etf) and CETF.AX (VanEck FTSE China A50 ETF) are both exchange-traded funds - QUAL.AX is a Global Equities fund tracking the Vaneck Msci International Quality Index, while CETF.AX is a China Equities fund tracking the FTSE China A50 Net Tax AUD Index. Both are passively managed. Over the past 10 years, QUAL.AX returned 15.31%/yr vs 5.29%/yr for CETF.AX. At a 0.21 correlation, their price movements are largely independent.

Performance

QUAL.AX vs. CETF.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vaneck Msci International Quality Etf (QUAL.AX) and VanEck FTSE China A50 ETF (CETF.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QUAL.AX achieves a 4.12% return, which is significantly higher than CETF.AX's -0.98% return. Over the past 10 years, QUAL.AX has outperformed CETF.AX with an annualized return of 15.31%, while CETF.AX has yielded a comparatively lower 5.29% annualized return.

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%

CETF.AX

• 1D: -1.86%
• 1M: -1.13%
• 6M: -2.24%
• YTD: -0.98%
• 1Y: 11.65%
• 3Y*: 9.83%
• 5Y*: 0.64%
• 10Y*: 5.29%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
CETF.AX VanEck FTSE China A50 ETF	-0.98%	12.88%	30.64%	-13.18%	-16.50%	-1.23%	18.52%	33.28%	-18.45%	21.26%

Correlation

The correlation between QUAL.AX and CETF.AX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 24, 2015	0.21

The correlation between QUAL.AX and CETF.AX shifts across timeframes, from 0.06 (3 years) to 0.21 (all time), reflecting how their relationship changes across market environments.

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QUAL.AX

QUAL.AX Risk / Return Rank: 37
QUAL.AX Sharpe Ratio Rank: 41
QUAL.AX Sortino Ratio Rank: 42
QUAL.AX Omega Ratio Rank: 41
QUAL.AX Calmar Ratio Rank: 28
QUAL.AX Martin Ratio Rank: 30

CETF.AX

CETF.AX Risk / Return Rank: 24
CETF.AX Sharpe Ratio Rank: 25
CETF.AX Sortino Ratio Rank: 23
CETF.AX Omega Ratio Rank: 23
CETF.AX Calmar Ratio Rank: 24
CETF.AX Martin Ratio Rank: 23

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vaneck Msci International Quality Etf (QUAL.AX) and VanEck FTSE China A50 ETF (CETF.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.

	QUAL.AX	CETF.AX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	0.76	+0.47
Sortino ratio: Return per unit of downside risk	1.81	1.11	+0.70
Omega ratio: Gain probability vs. loss probability	1.23	1.14	+0.09
Calmar ratio: Return relative to maximum drawdown	1.17	0.97	+0.21
Martin ratio: Return relative to average drawdown	3.51	2.38	+1.13

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

The current QUAL.AX Sharpe Ratio is 1.23, which is higher than the CETF.AX Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of QUAL.AX and CETF.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

QUAL.AX vs. CETF.AX - Drawdown Comparison

The maximum QUAL.AX drawdown since its inception was -24.52%, smaller than the maximum CETF.AX drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for QUAL.AX and CETF.AX.

Drawdown Indicators

	QUAL.AX	CETF.AX	Difference
Max Drawdown Largest peak-to-trough decline	-24.52%	-41.32%	+16.80%
Max Drawdown (1Y) Largest decline over 1 year	-10.55%	-12.01%	+1.46%
Max Drawdown (3Y) Largest decline over 3 years	-14.65%	-19.05%	+4.40%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-33.90%	+9.38%
Max Drawdown (10Y) Largest decline over 10 years	-24.52%	-40.95%	+16.43%
Current Drawdown Current decline from peak	-0.87%	-11.36%	+10.49%
Average Drawdown Average peak-to-trough decline	-4.33%	-23.78%	+19.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	4.95%	-1.39%

Volatility

QUAL.AX vs. CETF.AX - Volatility Comparison

The current volatility for Vaneck Msci International Quality Etf (QUAL.AX) is 2.52%, while VanEck FTSE China A50 ETF (CETF.AX) has a volatility of 5.19%. This indicates that QUAL.AX experiences smaller price fluctuations and is considered to be less risky than CETF.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QUAL.AX	CETF.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.52%	5.19%	-2.67%
Volatility (6M) Calculated over the trailing 6-month period	7.96%	11.75%	-3.79%
Volatility (1Y) Calculated over the trailing 1-year period	10.03%	15.18%	-5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.94%	19.75%	-5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.50%	20.06%	-5.56%

Dividends

QUAL.AX vs. CETF.AX - Dividend Comparison

QUAL.AX's dividend yield for the trailing twelve months is around 3.47%, more than CETF.AX's 1.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CETF.AX VanEck FTSE China A50 ETF	1.87%	1.94%	1.55%	2.94%	2.80%	1.80%	1.30%	1.28%	11.56%	1.08%	1.16%	3.19%
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

Can I hold both QUAL.AX and CETF.AX in my portfolio?

QUAL.AX and CETF.AX have a correlation of 0.08, 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 QUAL.AX and CETF.AX?

QUAL.AX is categorized as Global Equities, while CETF.AX is China Equities. QUAL.AX tracks Vaneck Msci International Quality Index, while CETF.AX tracks FTSE China A50 Net Tax AUD Index.