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

At a glance

Comparing QOZ, MVW, IOZ, and VAS. IOZ has the lowest management fee at 0.05% a year, QOZ has the highest 10 years return at 10.4% a year, and QOZ offers the highest at 3.81%.

Lowest fee

IOZ 0.05% p.a.

Highest 10 years return

QOZ 10.4% p.a.

Highest yield

QOZ 3.81%

Highest risk-adjusted

QOZ Sharpe 0.63 (10y)

Lowest volatility

IOZ 13.4% (10y)

Largest fund

VAS $26.7bn

Side-by-side comparison

Metric	QOZ BetaShares FTSE RAFI Australia 200 ETF	MVW VanEck Australian Equal Weight ETF	IOZ iShares Core S&P/ASX 200 ETF	VAS Vanguard Australian Shares Index ETF
Snapshot
Provider	BetaShares	VanEck	iShares	Vanguard
Tracks index	FTSE RAFI Australia 200 Index	MVIS Australia Equal Weight Index	S&P/ASX 200 Index	S&P/ASX 300 Index
Categories	AU, Factor, Value	AU, Factor	AU, Large-Cap, Market-Cap	AU, Large-Cap, Market-Cap
Listed since	2013 (13 yrs)	2014 (12 yrs)	2010 (16 yrs)	2009 (17 yrs)
Fund size (AUM)	$1.4bn	$3.3bn	$9.6bn	$26.7bn
Cost & income
Management fee	0.4%	0.35%	0.05%	0.07%
Dividend yield	3.81%	3.39%	3.4%	2.95%
Franking	78%	75%	80%	75%
Turnover	18%	20%	3%	4%
Tax drag	0.79%	0.82%	0.37%	0.4%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	12.7% net	0.7% net	2.6% net	2.3% net
3-year return	15.6% net	9.1% net	11.3% net	11.3% net
5-year return	11% net	6.8% net	7.6% net	7.4% net
10-year return	10.4% net	8.5% net	8.9% net	8.9% net
Risk
Volatility (3y)	10.3%	9.8%	10.7%	10.6%
Volatility (5y)	12.2%	12.2%	12.4%	12.5%
Volatility (10y)	13.7%	14.1%	13.4%	13.4%
Sharpe ratio (3y)	1.06	0.52	0.68	0.68
Sharpe ratio (5y)	0.64	0.33	0.38	0.37
Sharpe ratio (10y)	0.63	0.49	0.54	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

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 →

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 →

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 →

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 QOZ vs MVW vs IOZ vs VAS?

QOZ, MVW, IOZ, and VAS are 4 Australian-listed ETFs we compare side by side. IOZ carries the lowest management fee (0.05%). Over 10 years, QOZ has delivered the highest total return (10.4% a year). The table above breaks down fees, returns, income and risk for each.

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

IOZ has the lowest management fee at 0.05% a year, versus QOZ 0.4%, MVW 0.35%, and VAS 0.07%.

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

Over the past 10 years, QOZ has delivered the highest total return at 10.4% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

QOZ pays the highest at 3.81%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

VAS is the largest fund by assets ($26.7bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

QOZ vs A200 QOZ vs DAVA MVW vs A200 MVW vs MTUM MVW vs VSO MVW vs MVOL IOZ vs STW IOZ vs A200

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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.