MVW vs VAS ETF Comparison
VanEck Australian Equal Weight ETF vs Vanguard Australian Shares Index ETF
General information only, not financial advice.
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.
Last updated: May 2026
Verdict
VAS tracks the Australian share market using market-capitalisation weighting, meaning the largest companies (major banks and miners) receive the greatest weight. MVW uses an equal-weight methodology across its holdings, reducing concentration in any single company or sector. The two ETFs have different risk and return characteristics as a result of this structural difference. This is general information only and not financial advice.
Investors weighing market-cap-weighted Australian equity exposure against an equal-weight alternative.
MVW and VAS have approximately 9% estimated holdings overlap (from the top 10 listed holdings of each fund), meaning the two funds hold a higher proportion of different underlying companies by weight.
| ETF | Full name | Annual fee | Cost per $10,000 |
|---|---|---|---|
| MVW | VanEck Australian Equal Weight ETF | 0.35% p.a. | $35/yr |
| VAS | Vanguard Australian Shares Index ETF | 0.07% p.a. | $7/yr |
General information only, not financial advice. Fee data sourced from fund manager PDS documents, updated quarterly. Always verify current fees directly with the fund provider before making investment decisions.
General information only, not financial advice
ETFLens does not hold an Australian Financial Services Licence (AFSL) and does not provide financial product advice. The information and tools on this page are general information only and do not take into account your objectives, financial situation or needs. Before investing, read the relevant Product Disclosure Statement (PDS) available from the fund manager. Consider seeking advice from a licensed financial adviser before making any investment decision.
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General information only · Not financial advice · Data updated quarterly · Always read the relevant PDS and consider consulting a licensed financial adviser.
MVW vs VAS: frequently asked questions
What is the holdings overlap between MVW and VAS?
MVW and VAS have approximately 9% estimated holdings overlap, based on the top 10 listed holdings of each fund. This is considered low overlap, estimated from listed top holdings rather than the full constituent lists. General information only, not financial advice.
Which has the lower fee, MVW or VAS?
VAS has the lower management fee. MVW charges 0.35% per year ($35 per year on a $10,000 investment) and VAS charges 0.07% per year ($7 per year on a $10,000 investment). The difference is $28 per year per $10,000 invested. General information only, not financial advice.
How large are MVW and VAS?
MVW (VanEck Australian Equal Weight ETF) manages approximately $3.2B and VAS (Vanguard Australian Shares Index ETF) manages approximately $24.3B. Fund size can affect liquidity and bid-ask spreads but does not by itself change the management fee. General information only, not financial advice.
Can I hold both MVW and VAS?
You can hold both, but with approximately 9% 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. General information only, not financial advice.
Should I choose MVW or VAS?
There is no universally right choice — it depends on your goals, time horizon and existing holdings. MVW charges 0.35% and VAS charges 0.07%, so VAS has the lower management fee, and they have approximately 9% 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, not financial advice.
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 estimated from listed top holdings, not full constituent lists, 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.