VanEck MSCI International Quality (AUD Hedged) ETF vs Vanguard All-World ex-US Shares Index 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 MSCI International Quality (AUD Hedged) ETF
VanEck
Vanguard All-World ex-US Shares Index ETF
Vanguard
Comparison scores reflect how each ETF compares to the other on these specific dimensions only. They are not absolute ratings or recommendations.
QHAL and VEU are both Global Broad Market ETFs. QHAL tracks the MSCI World ex Australia Quality Index (Hedged AUD) and VEU tracks the FTSE All-World ex US Index. VEU has the lower management fee (0.04% vs 0.43% p.a.). Holdings overlap is approximately 15% (full holdings data).
Key differences at a glance
There is no single "better" fund here - which suits you depends on your goals. The clearest differences between QHAL and VEU:
Category scores compare these two ETFs only and are not absolute ratings.
VEU has the lower management fee - the one objective "cheaper" axis.
VEU is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
VEU spreads exposure across more holdings (QHAL 295, VEU 3,597); the other is more concentrated. Neither is inherently better - it depends on whether you want breadth or a focused tilt.
QHAL distributes approximately 1.6% and VEU approximately 2.4%; VEU 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.
QHAL top holdings
VEU top holdings
Based on each fund's most recently published sector and geographic weightings; figures are approximate. Full breakdowns are shown below.
QHAL sectors
VEU sectors
QHAL geography
VEU geography
There is no single right choice between QHAL and VEU - it depends on your goals, time horizon and existing holdings. The key differences between the two funds are summarised near the top of this page, with the full side-by-side data below.
QHAL and VEU have approximately 15% holdings overlap, based on each fund's full published holdings list. This is considered low overlap.
VEU has the lower management fee. QHAL charges 0.43% per year ($43 per year on a $10,000 investment) and VEU charges 0.04% per year ($4 per year on a $10,000 investment). The difference is $39 per year per $10,000 invested.
QHAL (VanEck MSCI International Quality (AUD Hedged) ETF) manages approximately $2.5B and VEU (Vanguard All-World ex-US Shares Index ETF) manages approximately $5.5B. 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 15% 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. QHAL charges 0.43% and VEU charges 0.04%, so VEU has the lower management fee, and they have approximately 15% 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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