MVW invests in around 75 large ASX companies, giving each roughly the same weight rather than weighting by size. It charges 0.35% a year, has $3.3b invested and returned +0.8% over the past year. The most similar ETF is EX20, which overlaps with it by about 52%.
📅 As at 30 September 2026: fee, size and 1-year return from the TMX Australia funds report; holdings and overlap from MVW’s published holdings as at 30 October 2026.
Is it a good time to buy MVW?
Nobody can time the market perfectly, but you can check the trend before you buy. Here’s where MVW stands right now.
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| Net flow, September | −$21m |
| Net flow, 2026 so far | +$68m |
| Average month in 2026 | +$8m |
Is the whole market risk on, caution or risk off this week? Members see it every Sunday, with the core ETF check-up.
🔒 See it free for 30 days →MVW is in an uptrend. That doesn’t mean it will keep rising, but buying into an uptrend means the trend is currently on your side. Many investors still prefer to add gradually rather than all at once.
General information only, not a recommendation to buy or sell MVW. Whether it suits you depends on your goals and the rest of your portfolio. Trend updated weekly; flows from the TMX Australia funds report (September 2026) and the Global X weekly market monitor. See every ETF’s trend in the ETF trend scanner, or read when to buy an ETF.
What is MVW?
Index: MVIS Australia Equal Weight Index · Issuer: VanEck · Exchange: ASX
Top 10 holdings
The 10 largest companies make up 16% of MVW.
| # | Company | Weight | |
|---|---|---|---|
| 1 | Codan LtdInformation Technology | 1.71% | |
| 2 | ASX LtdFinancials | 1.58% | |
| 3 | QBE Insurance Group LtdFinancials | 1.58% | |
| 4 | WiseTech Global LtdInformation Technology | 1.56% | |
| 5 | Pro Medicus LtdHealth Care | 1.56% | |
| 6 | CSL LtdHealth Care | 1.55% | |
| 7 | Brambles LtdIndustrials | 1.51% | |
| 8 | Insurance Australia Group LtdFinancials | 1.51% | |
| 9 | Charter Hall GroupReal Estate | 1.48% | |
| 10 | Medibank Pvt LtdFinancials | 1.48% |
Sector breakdown
ETFs most similar to MVW
How much each ETF’s holdings overlap with MVW, by weight. High overlap means owning both mostly doubles up.
| ETF | Overlap | |
|---|---|---|
| EX20Betashares Aus Ex-20 Portfolio Diversifier ETF | 52% | Compare in calculator → |
| STWSPDR S&P/ASX 200 ETF | 48% | Compare in calculator → |
| AYLDGlobal X S&P/ASX 200 Covered Call Complex ETF | 48% | Compare in calculator → |
| IOZiShares Core S&P/ASX 200 ETF | 48% | Compare in calculator → |
| GRNVVanEck MSCI Australian Sustainable Equity ETF | 48% | Compare in calculator → |
| A300Global X Australia 300 ETF | 48% | Compare in calculator → |
Core or satellite?
SATELLITE Small & mid caps
MVW is a satellite: a tilt away from the biggest ASX companies. In our approach, satellites are bought when they break out of a base into an uptrend, kept to a small slice of the portfolio, and sold with a stop loss. Read more in core and satellite investing.
Read more: Franking credits and ETFs
MVW FAQs
Is MVW a good ETF?
MVW is a well-established way to reduce concentration in the ASX’s largest companies. It will lag when the biggest companies lead, and costs more than a plain ASX 200 ETF. Whether it suits you depends on your goals and the rest of your portfolio.
What does MVW invest in?
MVW invests in around 75 large ASX companies, giving each roughly the same weight rather than weighting by size. Its largest holdings are Codan Ltd, ASX Ltd, QBE Insurance Group Ltd, and its biggest sector is financials at about 20%.
What ETFs are similar to MVW?
The ETFs with the most overlap with MVW are EX20 (about 52%) and STW (about 48%). Use the free ETF overlap calculator to check your own mix.
Is MVW a core or satellite ETF?
We see MVW as a satellite holding. Satellites are smaller positions around a diversified core, managed with clear entry and exit rules.
Fee, size and returns: TMX Australia Funds Report to 30 September 2026; returns are total returns, 5-year figure is cumulative. Holdings from VanEck as at 30 October 2026. Chart: TradingView. General information only, not a recommendation to buy or sell MVW. Consider the PDS and TMD before investing.