βš”οΈ Head to head

QUAL vs QHSM: Which ETF Is Better?

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

QUAL comes out ahead on 7 of 7 measures. Which matters most depends on you.

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

The short answer

πŸ’ΈLower feeQUAL wins
QUAL
0.40%
QHSM
0.62%

Worth about $14,533 on $100,000 over 20 years.

🏦Bigger fundQUAL wins
QUAL
$9.2bn
QHSM
$262m

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

πŸ“ˆ1-year returnQUAL wins
QUAL
+10.1%
QHSM
+4.2%
πŸ“Š3-year returnToo close to call
QUAL
+16.1% a yr
QHSM
–
🏁5-year returnToo close to call
QUAL
+11.4% a yr
QHSM
–
βš–οΈCheaper to tradeQUAL wins
QUAL
0.04%
QHSM
0.16%

A tighter gap between the buy and sell price.

QUAL vs QHSM side by side

QUAL leads on 7, QHSM on 0QUALVanEck MSCI International Quality ETFQHSMVanEck MSCI International Small Companies Quality (AUD Hedged) ETF
The basics
Index trackedMSCI World ex Australia Quality IndexMSCI World ex Australia Small Cap Quality 150 Index, hedged to AUD
Fund managerVanEckVanEck
Asset classInternational sharesInternational shares
ListedOct 2014Nov 2023
Cost and size
MERyearly fee, lower is better0.40%βœ“0.62%
AUMfund size$9.2bnβœ“$262m
Net flows (Sep)new money in, last month$195mβœ“$0.0m
Bid/ask spreadtrading cost, lower is better0.04%βœ“0.16%
Total returns
1 month+2.9%βœ“βˆ’3.2%
1 year+10.1%βœ“+4.2%
3 years p.a.+16.1%–
5 years p.a.+11.4%–
$10,000 invested
1 year ago$11,006βœ“$10,422
5 years ago$17,148–

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

QUAL vs QHSM 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

Only QUAL has a 5 years record: $10,000 then is worth $17,148 today.

QUALQHSM$10,000 invested
$0k$5k$10k$15k$20k$11.0k$10.4k1 year agoQUAL +$584$15.7ktoo new3 years ago$17.1ktoo new5 years ago

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

QUAL's lower fee leaves about $14,533 more in your pocket over 20 years.

QUAL charges 0.40% a yearQHSM charges 0.62% a year
🧾 Fees paid on $100,000Saving
5 years
QUAL
βˆ’$2,602
QHSM
βˆ’$4,017
You keep$1,415more with QUAL
10 years
QUAL
βˆ’$7,231
QHSM
βˆ’$11,106
You keep$3,874more with QUAL
20 years
QUAL
βˆ’$27,927
QHSM
βˆ’$42,460
You keep$14,533more with QUAL

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.

QUAL and QHSM overlap

0%portfolio overlap (low: they are quite different underneath)

0 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.

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
Keep in touch with the marketsWeekly ETF research, the Market Health-O-Meter and our model portfolio.Try it free for 30 days β†’

FAQs

Which is better, QUAL or QHSM?

It depends on what you need. On our numbers QUAL wins on 7 measures and QHSM on 0. QUAL is cheaper, with a management fee of 0.40% vs 0.62%. On $100,000 over 20 years that difference is worth about $14,533. QUAL is the larger fund at $9.2bn vs $262m. QUAL has the better 1-year return: +10.1% vs +4.2%.

Which is cheaper, QUAL or QHSM?

QUAL charges 0.40% a year and QHSM charges 0.62% a year.

Can I hold both QUAL and QHSM?

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

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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.