Betashares Managed Risk Australian Shares Complex ETF vs VanEck Australian Equal Weight ETF
Overlap is calculated from each fund's full published holdings list. Where there are no shared listed holdings it is shown as not reliably estimable.
AUST and MVW are both Australian Broad Market ETFs. AUST tracks the MSCI Australia Select High Dividend Low Volatility Index and MVW tracks the MVIS Australia Equal Weight Index. Both charge 0.35% p.a. Holdings overlap is approximately 47% (full holdings data).
Betashares Managed Risk Australian Shares Complex ETF
BetaShares
VanEck Australian Equal Weight ETF
VanEck
Comparison scores reflect how each ETF compares to the other on these specific dimensions only. They are not absolute ratings or recommendations.
Key differences at a glance
Neither AUST nor MVW is the "right" pick for everyone; it comes down to what you want from the holding. Where they differ most:
Category scores compare these two ETFs only and are not absolute ratings.
Both charge about 0.35% p.a.
MVW is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
AUST spreads exposure across more holdings (AUST 201, MVW 75); the other is more concentrated. Neither is inherently better - it depends on whether you want breadth or a focused tilt.
AUST distributes approximately 2.9% and MVW approximately 3.2%; MVW carries the higher estimated distribution yield. A higher yield may suit an income focus; a lower one may suit a growth or tax-efficiency focus. Yields are estimates and are not guaranteed; past performance is not a reliable indicator of future returns.
Green highlights the factually lower fee or higher scale/income figure. Performance is never highlighted. Data from issuer disclosures, reviewed quarterly.
Yield figures are estimates based on recent distributions and may vary. Past distributions are not a reliable indicator of future distributions.
Past performance is not a reliable indicator of future returns.
Top shared holdings ranked by overlap contribution, the smaller of each company's weight in the two funds. Basis: full holdings data.
Top 10 listed holdings for each fund, from issuer disclosures.
AUST top holdings
MVW top holdings
Based on each fund's most recently published sector and geographic weightings; figures are approximate. Full breakdowns are shown below.
AUST sectors
MVW sectors
AUST geography
MVW geography
Whether AUST or MVW fits comes down to your goals, time horizon and what you already hold. The clearest differences are summarised near the top of this page, with the full data below.
AUST and MVW have approximately 47% holdings overlap, based on each fund's full published holdings list. This is considered moderate overlap.
AUST and MVW charge the same management fee of 0.35% per year.
AUST (Betashares Managed Risk Australian Shares Complex ETF) manages approximately $26.8M and MVW (VanEck Australian Equal Weight ETF) manages approximately $3.2B. Fund size can affect liquidity and bid-ask spreads but does not by itself change the management fee.
You can hold both, but with approximately 47% estimated holdings overlap the two funds share a moderate proportion of holdings, so there is some duplicated exposure. Whether that suits you depends on your own objectives.
There is no universally right choice. It depends on your goals, time horizon and existing holdings. AUST charges 0.35% and MVW charges 0.35%, the same management fee, and they have approximately 47% estimated holdings overlap. Compare their fees, holdings and sectors above and consider each fund's Product Disclosure Statement and Target Market Determination.
General information only. This comparison and the ETFLens tools on this page provide general information about two exchange-traded funds and do not take into account your personal objectives, financial situation or needs. It is not personal financial product or investment advice. ETFLens does not hold an Australian Financial Services Licence (AFSL). Holdings overlap is calculated from each fund's published holdings (full lists where the issuer publishes one, listed top holdings otherwise), and fee data is sourced from fund manager PDS documents and updated quarterly. Past performance is not a reliable indicator of future returns. Consider each fund's Product Disclosure Statement (PDS) and Target Market Determination (TMD), and seek advice from a registered tax agent or licensed financial adviser, before making investment decisions.
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