VanEck Australian Equal Weight ETF vs Vanguard Australian Shares High Yield 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.
VanEck Australian Equal Weight ETF
VanEck
Vanguard Australian Shares High Yield ETF
Vanguard
Comparison scores reflect how each ETF compares to the other on these specific dimensions only. They are not absolute ratings or recommendations.
MVW uses equal weighting across Australian shares to reduce concentration risk.
Key differences at a glance
Which of MVW and VHY fits depends on your objectives, not on one being superior. Where the two funds differ most:
Category scores compare these two ETFs only and are not absolute ratings.
VHY has the lower management fee - the one objective "cheaper" axis.
VHY is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
MVW and VHY offer similar breadth of exposure.
MVW distributes approximately 3.2% and VHY approximately 4.1%; VHY 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.
MVW top holdings
VHY top holdings
Based on each fund's most recently published sector and geographic weightings; figures are approximate. Full breakdowns are shown below.
MVW sectors
VHY sectors
MVW geography
VHY geography
MVW uses equal weighting across Australian shares to reduce concentration risk. VHY selects Australian companies based on dividend yield, resulting in a portfolio concentrated in high-dividend-paying sectors such as financials and utilities. The two ETFs serve different objectives (broad equal-weight exposure versus income-oriented exposure) and are not direct substitutes.
Investors comparing equal-weight broad Australian exposure against a dividend-yield-focused Australian ETF.
MVW and VHY have approximately 33% holdings overlap, based on each fund's full published holdings list. This is considered low overlap.
VHY has the lower management fee. MVW charges 0.35% per year ($35 per year on a $10,000 investment) and VHY charges 0.25% per year ($25 per year on a $10,000 investment). The difference is $10 per year per $10,000 invested.
MVW (VanEck Australian Equal Weight ETF) manages approximately $3.2B and VHY (Vanguard Australian Shares High Yield ETF) manages approximately $7.2B. 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 33% 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. MVW charges 0.35% and VHY charges 0.25%, so VHY has the lower management fee, and they have approximately 33% 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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