DACE vs DAVA vs MVW vs QOZ - Compare ETFs side by side

At a glance

Comparing DACE, DAVA, MVW, and QOZ. DACE has the lowest management fee at 0.28% a year, DAVA has the highest 10 years return at 11.4% a year, and DAVA offers the highest at 6.5%.

Lowest fee

DACE 0.28% p.a.

Highest 10 years return

DAVA 11.4% p.a.

Highest yield

DAVA 6.5%

Highest risk-adjusted

QOZ Sharpe 0.63 (10y)

Lowest volatility

QOZ 13.7% (10y)

Largest fund

MVW $3.3bn

Side-by-side comparison

Metric	DACE Dimensional Australian Core Equity Trust - Active ETF	DAVA Dimensional Australian Value Trust - Active ETF	MVW VanEck Australian Equal Weight ETF	QOZ BetaShares FTSE RAFI Australia 200 ETF
Snapshot
Provider	—	—	VanEck	BetaShares
Tracks index	S&P/ASX 300 Index	S&P/ASX 300 Index	MVIS Australia Equal Weight Index	FTSE RAFI Australia 200 Index
Categories	AU, Factor, Value, Small-Cap	AU, Factor, Value	AU, Factor	AU, Factor, Value
Listed since	2006 (20 yrs)	2024 (2 yrs)	2014 (12 yrs)	2013 (13 yrs)
Fund size (AUM)	—	$1.6bn	$3.3bn	$1.4bn
Cost & income
Management fee	0.28%	0.34%	0.35%	0.4%
Dividend yield	—	6.5%	3.39%	3.81%
Franking	80%	82%	75%	78%
Turnover	20%	20%	20%	18%
Tax drag	0.48%	1.01%	0.82%	0.79%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	—	13.8% net	0.7% net	12.7% net
3-year return	—	15.8% net	9.1% net	15.6% net
5-year return	—	12.6% net	6.8% net	11% net
10-year return	—	11.4% net	8.5% net	10.4% net
Risk
Volatility (3y)	—	10%	9.8%	10.3%
Volatility (5y)	—	13.9%	12.2%	12.2%
Volatility (10y)	—	16.2%	14.1%	13.7%
Sharpe ratio (3y)	—	1.11	0.52	1.06
Sharpe ratio (5y)	—	0.69	0.33	0.64
Sharpe ratio (10y)	—	0.62	0.49	0.63
Bid/ask spread	—	—	—	—

marks the strongest fund in each row. “net” shows the after-tax return at your selected bracket. “—” means we don’t have that data point yet.

Each fund at a glance

DACE Dimensional Australian Core Equity Trust - Active ETF

Low-cost: a 0.28% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: MQAE, A200, and IOZ.

Full DACE analysis →

DAVA Dimensional Australian Value Trust - Active ETF

Top-16% returns over 5 years (30th of 189 ETFs we track).
Low-cost: a 0.34% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: VAS and DACE.

Full DAVA analysis →

MVW VanEck Australian Equal Weight ETF

Low-cost: a 0.35% management fee keeps more of the return in your pocket.

Pricier than similar ETFs, which average around 0.34%.

Full MVW analysis →

QOZ BetaShares FTSE RAFI Australia 200 ETF

Top-24% returns over 1 year (76th of 318 ETFs we track).
Low-cost: a 0.4% management fee keeps more of the return in your pocket.

Pricier than similar ETFs, which average around 0.34%.

Full QOZ analysis →

Frequently Asked Questions

What's the difference between DACE vs DAVA vs MVW vs QOZ?

DACE, DAVA, MVW, and QOZ are 4 Australian-listed ETFs we compare side by side. DACE carries the lowest management fee (0.28%). Over 10 years, DAVA has delivered the highest total return (11.4% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - DACE vs DAVA vs MVW vs QOZ?

DACE has the lowest management fee at 0.28% a year, versus DAVA 0.34%, MVW 0.35%, and QOZ 0.4%.

Which has performed highest - DACE vs DAVA vs MVW vs QOZ?

Over the past 10 years, DAVA has delivered the highest total return at 11.4% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

DAVA pays the highest at 6.5%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

MVW is the largest fund by assets ($3.3bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

DACE vs MQAE DACE vs IOZ DACE vs VAS DACE vs A200 DACE vs FHCO DACE vs AASF DAVA vs VAS MVW vs IOZ

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General information only, generated from each fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.