L1 Capital International (Unhedged) Active ETF vs VanEck MSCI International Quality ETF
Overlap is estimated from the funds' listed top holdings, not their full constituent lists. Where there are no shared listed holdings it is shown as not reliably estimable.
L1IF and QUAL are both Global Broad Market ETFs. QUAL has the lower management fee (0.4% vs 1.2% p.a.). Holdings overlap is approximately 17% estimated (estimated, limited data).
L1 Capital International (Unhedged) Active ETF
Other
VanEck MSCI International Quality 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 L1IF nor QUAL 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.
QUAL has the lower management fee - the one objective "cheaper" axis. Note: L1IF also charges a performance fee (15% of returns above its benchmark). Figures show the base management fee only, so total cost can be higher.
QUAL is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
QUAL spreads exposure across more holdings (L1IF 25, QUAL 295); the other is more concentrated. Neither is inherently better - it depends on whether you want breadth or a focused tilt.
L1IF distributes approximately 4.27% and QUAL approximately 1.4%; L1IF 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; sector and geography figures for some funds are category-inferred estimates, clearly labelled on each fund's page.
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: estimated, limited data.
Top 10 listed holdings for each fund, from issuer disclosures.
L1IF top holdings
QUAL top holdings
Sector weights for L1IF are approximate, inferred from the fund's category.
L1IF sectors
QUAL sectors
Geographic weights for L1IF are approximate, inferred from the fund's category.
L1IF geography
QUAL geography
Whether L1IF or QUAL 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.
L1IF and QUAL have approximately 17% estimated holdings overlap (estimated, limited data). This is considered low overlap, estimated from listed top holdings rather than the full constituent lists.
QUAL has the lower management fee. L1IF charges 1.2% per year ($120 per year on a $10,000 investment) and QUAL charges 0.4% per year ($40 per year on a $10,000 investment). The difference is $80 per year per $10,000 invested.
L1IF (L1 Capital International (Unhedged) Active ETF) manages approximately $466.11M and QUAL (VanEck MSCI International Quality ETF) manages approximately $8.4B. 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 17% estimated holdings overlap the two funds hold mostly different companies, so they can be more complementary. 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. L1IF charges 1.2% and QUAL charges 0.4%, so QUAL has the lower management fee, and they have approximately 17% 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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