VISM invests in thousands of small companies across developed markets outside Australia. It charges 0.32% a year, has $952m invested and returned +10.4% over the past year. The most similar ETF is IJH, which overlaps with it by about 21%.
📅 As at 30 September 2026: fee, size and 1-year return from the TMX Australia funds report; holdings and overlap from VISM’s published holdings as at 30 September 2026.
Is it a good time to buy VISM?
Nobody can time the market perfectly, but you can check the trend before you buy. Here’s where VISM stands right now.
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| Net flow, September | +$0m |
| Net flow, 2026 so far | +$197m |
| Average month in 2026 | +$22m |
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 →VISM is in a base. Prices moving sideways can be a time to build a position gradually and watch which way the trend breaks. There’s no rush either way.
General information only, not a recommendation to buy or sell VISM. 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 VISM?
Index: MSCI World ex Australia Small Cap Index · Distributions: Quarterly · Issuer: Vanguard · Exchange: ASX
Top 10 holdings
The 10 largest companies make up 2% of VISM.
| # | Company | Weight | |
|---|---|---|---|
| 1 | Moderna IncHealth Care | 0.64% | |
| 2 | Tenet Healthcare CorpHealth Care | 0.22% | |
| 3 | Guardant Health IncHealth Care | 0.22% | |
| 4 | Viatris IncHealth Care | 0.20% | |
| 5 | Royal Gold IncMaterials | 0.20% | |
| 6 | US Foods Holding CorpConsumer Discretionary | 0.20% | |
| 7 | Roku IncCommunication Services | 0.20% | |
| 8 | MACOM Technology Solutions Holdings IncInformation Technology | 0.19% | |
| 9 | Woodward IncIndustrials | 0.19% | |
| 10 | MKS Instruments IncInformation Technology | 0.18% |
Sector breakdown
ETFs most similar to VISM
How much each ETF’s holdings overlap with VISM, by weight. High overlap means owning both mostly doubles up.
| ETF | Overlap | |
|---|---|---|
| IJHiShares S&P Mid-Cap ETF | 21% | Compare in calculator → |
| ISMDGlobal X MSCI International Small and Mid Cap ETF | 10% | Compare in calculator → |
| QSMLVanEck MSCI Intl Small Companies Quality ETF | 9% | VISM vs QSML → |
| QHSMVanEck MSCI Intl SML Comp Quality (Aud Hedged) ETF | 9% | Compare in calculator → |
| QUSBetashares S&P 500 Equal Weight ETF | 5% | Compare in calculator → |
| HQUSBeta S&P 500 Equal Weight Currency Hedged ETF | 5% | Compare in calculator → |
Head to head: VISM vs QSML · all comparisons
Check VISM against your own ETFs →Core or satellite?
SATELLITE Small & mid caps
VISM is a satellite: a small-company tilt that overlaps very little with VGS or BGBL. 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: The base and trend method
VISM FAQs
Is VISM a good ETF?
VISM is a broad, low-cost way to add global small companies. Small caps have lagged for some time, so it suits a satellite role. Whether it suits you depends on your goals and the rest of your portfolio.
What does VISM invest in?
VISM invests in thousands of small companies across developed markets outside Australia. Its largest holdings are Moderna Inc, Tenet Healthcare Corp, Guardant Health Inc, and its biggest sector is industrials at about 18%.
What ETFs are similar to VISM?
The ETFs with the most overlap with VISM are IJH (about 21%) and ISMD (about 10%). Use the free ETF overlap calculator to check your own mix.
How often does VISM pay distributions?
VISM pays distributions quarterly.
Is VISM a core or satellite ETF?
We see VISM 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 Vanguard as at 30 September 2026; sector split based on the holdings we can see, about 38% of the fund. Chart: TradingView. General information only, not a recommendation to buy or sell VISM. Consider the PDS and TMD before investing.