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The VanEck Vectors Australian Equal Weight (MVW) is an exchange traded fund listed on the Australian Securities Exchange (ASX). Its last market close was $33.58 – an increase of 0.57% over the previous week. All prices are listed in Australian Dollars.
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Since the stock market crash in March caused by coronavirus, the VanEck Vectors Australian Equal Weight unit price has had significant positive movement.
Its last market close was $33.58, which is 2.56% up on its pre-crash value of $32.72 and 73.09% up on the lowest point reached during the March crash when the unit price fell as low as $19.4.
If you had bought $1,000 worth of VanEck Vectors Australian Equal Weight units at the start of February 2020, those units would have been worth $636.94 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,065.16.
Over the last 12 months, the VanEck Vectors Australian Equal Weight's units have ranged in value from as little as $31.5268 up to $35.73. A popular way to gauge an ETF's volatility is its "beta".
Beta is a measure of volatility in relation to the market. The market (AU average) beta is 1, while VanEck Vectors Australian Equal Weight's is 1. This would suggest that the VanEck Vectors Australian Equal Weight is a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
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