βš”οΈ Head to head

QHAL vs QLTY: Which ETF Is Better?

A side-by-side comparison of fees, size, returns and holdings, using data to 30 September 2026.

QHAL comes out ahead on 8 of 10 measures. Which matters most depends on you.

The big difference is currency. QHAL is currency hedged, so its returns ignore moves in the Australian dollar. QLTY is unhedged: it does better when the dollar falls and worse when it rises.

The short answer

πŸ’ΈLower feeQLTY wins
QHAL
0.43%
QLTY
0.35%

Worth about $5,399 on $100,000 over 20 years.

🏦Bigger fundQHAL wins
QHAL
$2.7bn
QLTY
$1.1bn

Bigger funds usually trade more cheaply and are less likely to close.

πŸ“ˆ1-year returnQHAL wins
QHAL
+16.5%
QLTY
+8.9%
πŸ“Š3-year returnQHAL wins
QHAL
+17.8% a yr
QLTY
+15.3% a yr
🏁5-year returnQHAL wins
QHAL
+9.7% a yr
QLTY
+9.2% a yr
βš–οΈCheaper to tradeQHAL wins
QHAL
0.04%
QLTY
0.08%

A tighter gap between the buy and sell price.

QHAL vs QLTY side by side

QHAL leads on 8, QLTY on 2QHALVanEck MSCI International Quality (AUD Hedged) ETFQLTYBetashares Global Quality Leaders ETF
The basics
Index trackedMSCI World ex Australia Quality Index, hedged to AUDiSTOXX MUTB Global ex-Australia Quality Leaders Index
Fund managerVanEckBetashares
Asset classInternational sharesInternational shares
ListedMar 2019Nov 2018
Cost and size
MERyearly fee, lower is better0.43%0.35%βœ“
AUMfund size$2.7bnβœ“$1.1bn
Net flows (Sep)new money in, last month$54mβœ“$9.4m
Bid/ask spreadtrading cost, lower is better0.04%βœ“0.08%
Total returns
1 month+0.6%+1.9%βœ“
1 year+16.5%βœ“+8.9%
3 years p.a.+17.8%βœ“+15.3%
5 years p.a.+9.7%βœ“+9.2%
$10,000 invested
1 year ago$11,650βœ“$10,890
5 years ago$15,863βœ“$15,552

βœ“ marks the better figure on each measure. Returns include distributions, to 30 September 2026.

QHAL vs QLTY price chart

Both ETFs on one chart as % change. Use the 1D to All buttons to change the period. Price only, so it leaves out distributions Β· TradingView

πŸ“ˆ Growth

What $10,000 invested is worth now

$10,000 put into QHAL 5 years ago is worth $15,863 today, against $15,552 in QLTY. That is $311 more in QHAL.

QHALQLTY$10,000 invested
$0k$5k$10k$15k$20k$11.7k$10.9k1 year agoQHAL +$760$16.4k$15.3k3 years agoQHAL +$1,044$15.9k$15.6k5 years agoQHAL +$311

Total returns to 30 September 2026, with distributions reinvested, before tax and brokerage. The price chart above leaves out distributions, so it can look worse. Past performance is not a reliable indicator of future performance.

πŸ’Έ Cost

What the fees cost you

QLTY's lower fee leaves about $5,399 more in your pocket over 20 years.

QHAL charges 0.43% a yearQLTY charges 0.35% a year
🧾 Fees paid on $100,000Saving
5 years
QHAL
βˆ’$2,796
QLTY
βˆ’$2,279
You keep$517more with QLTY
10 years
QHAL
βˆ’$7,764
QLTY
βˆ’$6,341
You keep$1,423more with QLTY
20 years
QHAL
βˆ’$29,943
QLTY
βˆ’$24,544
You keep$5,399more with QLTY

Total fees paid on a $100,000 investment, assuming a 7% a year return before fees. Illustration only: it ignores tax, brokerage and differences in returns.

QHAL and QLTY overlap

43%portfolio overlap (high)

104 companies appear in both funds. Overlap is the share of the portfolio that is the same in both, counting the smaller weight of each shared company.

Biggest shared holdings% of QHAL% of QLTY
5.94%5.34%
4.59%4.81%
3.43%4.24%
2.97%5.67%
2.46%4.63%
2.05%5.17%
1.43%4.09%
1.31%2.73%
1.19%3.41%
1.18%3.42%
1.15%2.82%
1.11%3.86%

Add more ETFs and see the overlap in Compare ETFs β†’

Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.

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Joshua Stega
etfadviserExchange traded fund specialist adviser Β· 20 years’ experience
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FAQs

Which is better, QHAL or QLTY?

It depends on what you need. On our numbers QHAL wins on 8 measures and QLTY on 2. QLTY is cheaper, with a management fee of 0.35% vs 0.43%. On $100,000 over 20 years that difference is worth about $5,399. QHAL is the larger fund at $2.7bn vs $1.1bn. QHAL has the better 1-year return: +16.5% vs +8.9%.

Which is cheaper, QHAL or QLTY?

QHAL charges 0.43% a year and QLTY charges 0.35% a year.

Can I hold both QHAL and QLTY?

You can, but check how much they overlap. QHAL is a international shares fund and QLTY is a international shares fund.

More comparisons

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Add more ETFs to this comparison β†’

General information only, not a recommendation. Past performance is not a reliable indicator of future performance.