βš”οΈ Head to head

QHAL vs WCMQ: 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 6 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. WCMQ is unhedged: it does better when the dollar falls and worse when it rises.

The short answer

πŸ’ΈLower feeQHAL wins
QHAL
0.43%
WCMQ
1.25%

Worth about $51,106 on $100,000 over 20 years.

🏦Bigger fundQHAL wins
QHAL
$2.7bn
WCMQ
$403m

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

πŸ“ˆ1-year returnQHAL wins
QHAL
+16.5%
WCMQ
+3.7%
πŸ“Š3-year returnWCMQ wins
QHAL
+17.8% a yr
WCMQ
+23.8% a yr
🏁5-year returnWCMQ wins
QHAL
+9.7% a yr
WCMQ
+10.2% a yr
βš–οΈCheaper to tradeQHAL wins
QHAL
0.04%
WCMQ
0.29%

A tighter gap between the buy and sell price.

QHAL vs WCMQ side by side

QHAL leads on 6, WCMQ on 4QHALVanEck MSCI International Quality (AUD Hedged) ETFWCMQWCM Quality Global Growth Fund – Active ETF
The basics
Index trackedMSCI World ex Australia Quality Index, hedged to AUDSee the PDS
Fund managerVanEckWCM
Asset classInternational sharesInternational shares
ListedMar 2019Sep 2018
Cost and size
MERyearly fee, lower is better0.43%βœ“1.25%
AUMfund size$2.7bnβœ“$403m
Net flows (Sep)new money in, last month$54mβœ“$2.0m
Bid/ask spreadtrading cost, lower is better0.04%βœ“0.29%
Total returns
1 month+0.6%+2.6%βœ“
1 year+16.5%βœ“+3.7%
3 years p.a.+17.8%+23.8%βœ“
5 years p.a.+9.7%+10.2%βœ“
$10,000 invested
1 year ago$11,650βœ“$10,366
5 years ago$15,863$16,270βœ“

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

QHAL vs WCMQ 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 $16,270 in WCMQ. That is $407 more in WCMQ.

QHALWCMQ$10,000 invested
$0k$6k$12k$18k$24k$11.7k$10.4k1 year agoQHAL +$1,284$16.4k$19.0k3 years agoWCMQ +$2,610$15.9k$16.3k5 years agoWCMQ +$407

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

QHAL's lower fee leaves about $51,106 more in your pocket over 20 years.

QHAL charges 0.43% a yearWCMQ charges 1.25% a year
🧾 Fees paid on $100,000Saving
5 years
QHAL
βˆ’$2,796
WCMQ
βˆ’$8,003
You keep$5,208more with QHAL
10 years
QHAL
βˆ’$7,764
WCMQ
βˆ’$21,810
You keep$14,046more with QHAL
20 years
QHAL
βˆ’$29,943
WCMQ
βˆ’$81,049
You keep$51,106more with QHAL

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.

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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 WCMQ?

It depends on what you need. On our numbers QHAL wins on 6 measures and WCMQ on 4. QHAL is cheaper, with a management fee of 0.43% vs 1.25%. On $100,000 over 20 years that difference is worth about $51,106. QHAL is the larger fund at $2.7bn vs $403m. QHAL has the better 1-year return: +16.5% vs +3.7%.

Which is cheaper, QHAL or WCMQ?

QHAL charges 0.43% a year and WCMQ charges 1.25% a year.

Can I hold both QHAL and WCMQ?

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

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