Vanguard Global Minimum Volatility Active ETF (VMIN) Review & Analysis

MER · Top 50%AUM · #414 of 5081Y Return · Top 50%3Y Return · Top 50%5Y Return · Top 50%

What's new this monthData to 30 September 2026

−0.8% in September (total return), behind the median international shares ETF at +0.0%.
The unit price closed the month at $61.63, 8% below its 12-month high (range $60.33 to $67.27).

About VMIN

VMIN is an international shares ETF from Vanguard, listed on the ASX since April 2018. With $18m under management it is number 208 of 254 international shares ETFs by size. The management fee is 0.28% a year, about $28 on every $10,000 invested, cheaper than the typical international shares ETF at 0.55%.

Its largest holdings are Taiwan Semiconductor Manufacturing Co Ltd, Microsoft Corp and Apple Inc, and the top 10 make up 16% of the fund. By sector it leans towards information technology (28%) and financials (12%). United States is the biggest country exposure at 67%.

Over five years it has returned +6.6% a year including distributions, against +8.8% for the median international shares ETF.

VMIN distributions and dividend dates

The latest distribution was $0.3384 per unit (5% franked), ex-distribution on 1 October 2026 and paid on 16 October 2026. To receive it you need to own VMIN before the ex-date.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare VMIN Check overlap Vanguard website ↗

Compare VMIN with

VMINvsWVOL

iShares Edge MSCI World Minimum Volatility ETF

Fee	0.28%	0.25%
1 year	+10.1%	+5.9%
5 yrs p.a.	+6.6%	+7.8%
Size	$18m	$63m

Same holdingsNo holdings data

Full comparison →

VMINvsZYUS

Global X S&P 500 High Yield Low Volatility ETF

Fee	0.28%	0.35%
1 year	+10.1%	−1.7%
5 yrs p.a.	+6.6%	+6.1%
Size	$18m	$70m

Same holdings3%Very different

Full comparison →

VMINvsVGS

Vanguard MSCI Index International Shares ETF

Fee	0.28%	0.18%
1 year	+10.1%	+10.1%
5 yrs p.a.	+6.6%	+11.8%
Size	$18m	$18.7bn

Same holdings23%Some overlap

Full comparison →

VMINvsIVV

iShares S&P 500 ETF

Fee	0.28%	0.04%
1 year	+10.1%	+10.1%
5 yrs p.a.	+6.6%	+13.4%
Size	$18m	$14.9bn

Same holdings21%Some overlap

Full comparison →

VMIN price by TradingView

Stock Code	VMIN
Fund Manager	Vanguard
Asset Class	International shares
AUM	$18m
MER (%)	0.28%
Net flows (Sep)	$0.0m
Last Price	$61.63
52-Week Range	$60.33 – $67.27
Bid/Ask Spread	0.25%
Listing Date	17/04/2018
Exchange	ASX
Index	None: actively managed. See the PDS for its benchmark
Issuer website	Vanguard ↗

Performance (% return)

1 month−0.8%

1 year+10.1%

3 years p.a.+12.0%

5 years p.a.+6.6%

$10,000 invested…

1 year ago$11,0123 years ago$14,0395 years ago$13,763

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

VMIN at a glance: strengths and things to watch

👍 Strengths

Low cost. At 0.28% a year it is cheaper than 86% of international shares ETFs.

⚠️ Things to watch

Small fund. With $18m under management, it is more at risk of being closed or merged than larger funds, and trading can be thinner.
Behind its peers. +6.6% a year over 5 years, against +8.8% for the median international shares ETF.

Worked out from VMIN's fees, size, flows, returns and trend against the 257 international shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Base since 15 Oct 2026

VMIN is in a base. Here's why that matters.

VMIN's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet. Its price is 2.6% below its 12-month high.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Get the weekly trend updates: try it free for 30 days How base and trend works →See every ETF's stage →Visit etfadviser.com.au →

UptrendBaseDowntrend

VMIN weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

VMIN vs its benchmark

How VMIN has done against the FTSE Global All Cap Index (AUD hedged), after fees. For an active fund, this shows whether the manager has added value after fees.

	VMIN	Benchmark	Difference
1 year	+8.65%	+17.18%	-8.53%
3 years p.a.	+12.35%	+20.32%	-7.97%
5 years p.a.	+6.87%	+10.88%	-4.01%

Issuer figures to 30 September 2026, fund returns after fees. Source: Vanguard. Compare more ETFs vs their benchmark →

Investment Focus

Exposure Regions

Global

Themes & Sectors

Active ETFs

Portfolio Breakdown

Top 10 holdings (15.8% of the fund)

Symbol	Company	% assets
TSM		1.76%
MSFT		1.74%
AAPL		1.68%
NVDA		1.64%
CHT		1.62%
JNJ		1.57%
KO		1.50%
RSG		1.46%
SHEL		1.44%
TXN		1.42%

Sector breakdown

Information Technology27.5%
Financials11.7%
Health Care11.2%
Consumer Staples8.8%
Industrials8.1%
Communication Services7.6%
Consumer Discretionary7.3%
Energy6.9%
Other10.9%

Country breakdown

United States67.3%
Canada5.9%
United Kingdom4.2%
South Korea4.0%
Hong Kong3.4%
Japan3.2%
Australia3.1%
Netherlands1.6%
Other7.4%

Holdings from the issuer's published portfolio as at 30 September 2026. Breakdowns are based on the largest 212 positions, covering 98% of the fund. Compare VMIN's holdings with other ETFs →

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.

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
QMIX	State Street SPDR MSCI World Quality Mix ETF	31%	0.18%	$449m	+9.5%	+15.1%	+10.5%
BGBL	Betashares Global Shares ETF	24%	0.08%	$5.5bn	+10.4%	+18.7%	–
HGBL	Betashares Global Shares Currency Hedged ETF Currency hedged	24%	0.11%	$3.0bn	+17.4%	+20.6%	–
VGS	Vanguard MSCI Index International Shares ETF	23%	0.18%	$18.7bn	+10.1%	+17.9%	+11.8%
VGAD	Vanguard MSCI Index International Shares (Hedged) ETF Currency hedged	23%	0.21%	$7.9bn	+17.1%	+19.8%	+10.8%
INCM	Betashares S&P Global High Dividend Aristocrats ETF	22%	0.45%	$107m	+10.7%	+15.4%	+10.7%

Same holdings is the share of VMIN's money in companies the other ETF also holds, weighted by size. Most similar first, then ETFs in the same category. See every ETF like VMIN →

VMIN vs its closest alternatives

What actually differs between VMIN and the ETFs most like it. Data to 30 Sep 2026.

QMIX State Street SPDR MSCI World Quality Mix ETF

They share 31% of their holdings: some overlap.
QMIX is cheaper (0.18% vs 0.28%), worth about $6,943 on $100,000 over 20 years.
Over 3 years, a year: VMIN +12.0%, QMIX +15.1% (QMIX ahead by 3.1 percentage points).
QMIX is much larger ($449m vs $18m), which usually means tighter trading spreads.
Different structure: VMIN is actively managed, QMIX is a standard fund.

Compare VMIN and QMIX side by side →

BGBL Betashares Global Shares ETF

They share 24% of their holdings: some overlap.
BGBL is cheaper (0.08% vs 0.28%), worth about $14,011 on $100,000 over 20 years.
Over 3 years, a year: VMIN +12.0%, BGBL +18.7% (BGBL ahead by 6.8 percentage points).
BGBL is much larger ($5.5bn vs $18m), which usually means tighter trading spreads.
Different structure: VMIN is actively managed, BGBL is a standard fund.

Compare VMIN and BGBL side by side →

HGBL Betashares Global Shares Currency Hedged ETF

They share 24% of their holdings: some overlap.
HGBL is cheaper (0.11% vs 0.28%), worth about $11,878 on $100,000 over 20 years.
Over 3 years, a year: VMIN +12.0%, HGBL +20.6% (HGBL ahead by 8.7 percentage points).
HGBL is much larger ($3.0bn vs $18m), which usually means tighter trading spreads.
Different structure: VMIN is actively managed, HGBL is currency hedged.

Compare VMIN and HGBL side by side →

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

VMIN FAQs

What is the fee for VMIN?

VMIN charges a management fee (MER) of 0.28% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is VMIN?

VMIN had $18m in funds under management as at 30 September 2026.

How has VMIN performed?

VMIN returned +10.1% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +12.0% a year. Past performance is not a reliable indicator of future performance.

Who manages VMIN?

VMIN is managed by Vanguard and has been listed since April 2018.

Is VMIN franked?

Generally no. VMIN invests outside Australia, so its distributions carry little or no franking credits. Franking comes from Australian companies that have paid tax here.

What does VMIN hold?

VMIN's largest holdings are Taiwan Semiconductor Manufacturing Co Ltd (1.8%), Microsoft Corp (1.7%), Apple Inc (1.7%), NVIDIA Corp (1.6%), Chunghwa Telecom Co Ltd (1.6%). It holds about 212 investments in total. The biggest sector is information technology at 27%. Holdings as at 30 September 2026.

Is VMIN currency hedged?

No, VMIN is unhedged. Its returns move with the Australian dollar: a falling dollar adds to returns and a rising dollar reduces them.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the Vanguard product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.