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VAS.AX vs. VMIN.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VAS.AX vs. VMIN.AX

Last updated Jul 18, 2026
Documentation

VAS.AX (Vanguard Australian Shares Index ETF) and VMIN.AX (Vanguard Global Minimum Volatility Active ETF) are both exchange-traded funds - VAS.AX is a Australia Equities fund tracking the S&P/ASX 300 Index, while VMIN.AX is a Global Equities fund actively managed by Vanguard. VAS.AX is passively managed, while VMIN.AX is actively managed. Over the past 5 years, VAS.AX returned 6.63%/yr vs 6.35%/yr for VMIN.AX. At a 0.49 correlation, their price movements are largely independent.

Performance

VAS.AX vs. VMIN.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard Australian Shares Index ETF (VAS.AX) and Vanguard Global Minimum Volatility Active ETF (VMIN.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, VAS.AX achieves a 1.28% return, which is significantly lower than VMIN.AX's 7.84% return.

VAS.AX

1D
-0.53%
1M
-1.94%
6M
-0.19%
YTD
1.28%
1Y
4.17%
3Y*
9.25%
5Y*
6.63%
10Y*
8.28%

VMIN.AX

1D
0.21%
1M
0.74%
6M
7.57%
YTD
7.84%
1Y
12.02%
3Y*
11.87%
5Y*
6.35%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VAS.AX vs. VMIN.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VAS.AX
Vanguard Australian Shares Index ETF		1.28%10.66%9.60%11.05%-2.40%17.39%1.90%23.77%-0.76%
VMIN.AX
Vanguard Global Minimum Volatility Active ETF		7.84%12.03%11.45%5.06%-6.66%11.54%-3.76%18.59%0.31%

Correlation

The correlation between VAS.AX and VMIN.AX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.52

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

0.50

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

0.54

Correlation (All Time)
Calculated using the full available price history since Apr 17, 2018

0.49

The correlation between VAS.AX and VMIN.AX has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Australian Shares Index ETF

Vanguard Global Minimum Volatility Active ETF

Often compared with VAS.AX:
VAS.AX vs. VHY.AXVAS.AX vs. A200.AXVAS.AX vs. VDBA.AXVAS.AX vs. VAE.AXVAS.AX vs. VDGR.AXVAS.AX vs. VSO.AXVAS.AX vs. VDHG.AX
Often compared with VMIN.AX:
VMIN.AX vs. GLIN.AXVMIN.AX vs. IFRA.AXVMIN.AX vs. ILB.AXVMIN.AX vs. VDCO.AXVMIN.AX vs. WVOL.AXVMIN.AX vs. HJPN.AXVMIN.AX vs. VACF.AX

Return for Risk

VAS.AX vs. VMIN.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VAS.AX
VAS.AX Risk / Return Rank: 1616
Overall Rank
VAS.AX Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
VAS.AX Sortino Ratio Rank: 1414
Sortino Ratio Rank
VAS.AX Omega Ratio Rank: 1414
Omega Ratio Rank
VAS.AX Calmar Ratio Rank: 1717
Calmar Ratio Rank
VAS.AX Martin Ratio Rank: 1717
Martin Ratio Rank
VMIN.AX
VMIN.AX Risk / Return Rank: 5454
Overall Rank
VMIN.AX Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
VMIN.AX Sortino Ratio Rank: 4848
Sortino Ratio Rank
VMIN.AX Omega Ratio Rank: 5757
Omega Ratio Rank
VMIN.AX Calmar Ratio Rank: 5353
Calmar Ratio Rank
VMIN.AX Martin Ratio Rank: 6666
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.

VAS.AX vs. VMIN.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Australian Shares Index ETF (VAS.AX) and Vanguard Global Minimum Volatility Active ETF (VMIN.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.

VAS.AXVMIN.AXDifference
Sharpe ratioReturn per unit of total volatility
0.33
1.19

-0.86

Sortino ratioReturn per unit of downside risk
0.55
1.85

-1.30

Omega ratioGain probability vs. loss probability

1.07

1.27

-0.20

Calmar ratioReturn relative to maximum drawdown

0.47

2.01

-1.54

Martin ratioReturn relative to average drawdown

1.11

8.65

-7.54

VAS.AX vs. VMIN.AX - Sharpe Ratio Comparison

The current VAS.AX Sharpe Ratio is 0.33, which is lower than the VMIN.AX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of VAS.AX and VMIN.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

VAS.AX vs. VMIN.AX - Drawdown Comparison

The maximum VAS.AX drawdown since its inception was -35.75%, which is greater than VMIN.AX's maximum drawdown of -31.28%. Use the drawdown chart below to compare losses from any high point for VAS.AX and VMIN.AX.

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Drawdown Indicators

VAS.AXVMIN.AXDifference

Max Drawdown

Largest peak-to-trough decline

-35.75%

-31.28%

-4.47%

Max Drawdown (1Y)

Largest decline over 1 year

-8.56%

-5.81%

-2.75%

Max Drawdown (3Y)

Largest decline over 3 years

-13.23%

-9.72%

-3.51%

Max Drawdown (5Y)

Largest decline over 5 years

-15.18%

-15.31%

+0.13%

Max Drawdown (10Y)

Largest decline over 10 years

-35.75%

—

—

Current Drawdown

Current decline from peak

-3.44%

-0.55%

-2.89%

Average Drawdown

Average peak-to-trough decline

-4.80%

-3.70%

-1.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.68%

1.37%

+2.31%

Volatility

VAS.AX vs. VMIN.AX - Volatility Comparison

Vanguard Australian Shares Index ETF (VAS.AX) and Vanguard Global Minimum Volatility Active ETF (VMIN.AX) have volatilities of 2.36% and 2.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VAS.AXVMIN.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.36%

2.29%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

10.05%

8.75%

+1.30%

Volatility (1Y)

Calculated over the trailing 1-year period

12.12%

9.82%

+2.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.76%

10.67%

+2.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.39%

12.42%

+1.97%

Dividends

VAS.AX vs. VMIN.AX - Dividend Comparison

VAS.AX's dividend yield for the trailing twelve months is around 2.23%, less than VMIN.AX's 11.18% yield.

PositionTTM20252024202320222021202020192018201720162015
VAS.AX
Vanguard Australian Shares Index ETF		2.23%3.17%1.68%2.92%6.39%3.30%2.56%4.12%3.90%2.57%2.82%3.19%
VMIN.AX
Vanguard Global Minimum Volatility Active ETF		11.18%6.54%0.88%0.00%0.00%10.76%4.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

VAS.AX and VMIN.AX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VAS.AX is categorized as Australia Equities, while VMIN.AX is Global Equities.

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