IOZ vs MVOL vs MVW vs VAS - Compare ETFs side by side

At a glance

Comparing IOZ, MVOL, MVW, and VAS. IOZ has the lowest management fee at 0.05% a year, IOZ has the highest 10 years return at 8.9% a year, and MVW offers the highest at 3.4%.

Lowest fee

IOZ 0.05% p.a.

Highest 10 years return

IOZ 8.9% p.a.

Highest yield

MVW 3.4%

Highest risk-adjusted

IOZ Sharpe 0.55 (10y)

Lowest volatility

IOZ 13.3% (10y)

Largest fund

VAS $26.2bn

Side-by-side comparison

Metric	IOZ iShares Core S&P/ASX 200 ETF	MVOL iShares Edge MSCI Australia Minimum Volatility ETF	MVW VanEck Australian Equal Weight ETF	VAS Vanguard Australian Shares Index ETF
Snapshot
Provider	iShares	iShares	VanEck	Vanguard
Tracks index	S&P/ASX 200 Index	—	MVIS Australia Equal Weight Index	S&P/ASX 300 Index
Categories	AU, Large-Cap, Market-Cap	AU, Thematic, Factor	AU, Factor	AU, Large-Cap, Market-Cap
Listed since	2010 (16 yrs)	—	2014 (12 yrs)	2009 (17 yrs)
Fund size (AUM)	$9.3bn	$31m	$3.3bn	$26.2bn
Cost & income
Management fee	0.05%	0.3%	0.35%	0.07%
Dividend yield	3.37%	3.03%	3.4%	2.93%
Franking	80%	75%	75%	75%
Turnover	3%	15%	20%	4%
Tax drag	0.36%	0.67%	0.82%	0.39%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	5.9% net	6.2% net	1.6% net	5.8% net
3-year return	10.3% net	10.6% net	7.5% net	10.2% net
5-year return	7.9% net	7.9% net	7.4% net	7.8% net
10-year return	8.9% net	—	8.3% net	8.9% net
Risk
Volatility (3y)	10.7%	9%	10%	10.7%
Volatility (5y)	12.4%	11%	12.2%	12.5%
Volatility (10y)	13.3%	—	14.1%	13.4%
Sharpe ratio (3y)	0.59	0.72	0.36	0.58
Sharpe ratio (5y)	0.42	0.46	0.38	0.41
Sharpe ratio (10y)	0.55	—	0.48	0.54
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

IOZ iShares Core S&P/ASX 200 ETF

Low-cost: a 0.05% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: MQAE and A200.

Full IOZ analysis →

MVOL iShares Edge MSCI Australia Minimum Volatility ETF

Low-cost: a 0.3% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: IOZ, VAS, and GRPA.

Full MVOL 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 →

VAS Vanguard Australian Shares Index ETF

Low-cost: a 0.07% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: MQAE, A200, and IOZ.

Full VAS analysis →

Frequently Asked Questions

What's the difference between IOZ vs MVOL vs MVW vs VAS?

IOZ, MVOL, MVW, and VAS are 4 Australian-listed ETFs we compare side by side. IOZ carries the lowest management fee (0.05%). Over 10 years, IOZ has delivered the highest total return (8.9% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - IOZ vs MVOL vs MVW vs VAS?

IOZ has the lowest management fee at 0.05% a year, versus MVOL 0.3%, MVW 0.35%, and VAS 0.07%.

Which has performed highest - IOZ vs MVOL vs MVW vs VAS?

Over the past 10 years, IOZ has delivered the highest total return at 8.9% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

MVW pays the highest at 3.4%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

VAS is the largest fund by assets ($26.2bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

IOZ vs STW IOZ vs A200 IOZ vs MQAE IOZ vs QOZ IOZ vs FHCO MVOL vs AQTY MVOL vs AUMF MVOL vs GRPA

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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.