- Issuer
- iShares
- Inception Date
- Jun 2, 2017
- Category
- Money Market
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares Enhanced Cash Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
ISEC.AX Performance Chart
iShares Enhanced Cash ETF (ISEC.AX) is up 1.9% since the beginning of the year. ISEC.AX is currently trading at A$101 per share. Investors who bought A$1,000 worth of ISEC.AX shares 5 years ago would now be looking at an investment worth A$1,175.
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Returns By Period
iShares Enhanced Cash ETF (ISEC.AX) has returned 1.92% so far this year and 3.77% over the past 12 months.
iShares Enhanced Cash ETF
- 1D
- 0.01%
- 1M
- 0.43%
- 6M
- 1.78%
- YTD
- 1.92%
- 1Y
- 3.77%
- 3Y*
- 4.36%
- 5Y*
- 3.27%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.12%
- 1M
- 1.38%
- 6M
- 4.49%
- YTD
- 5.58%
- 1Y
- 12.98%
- 3Y*
- 18.01%
- 5Y*
- 13.12%
- 10Y*
- 14.27%
ISEC.AX Monthly Returns History
Based on dividend-adjusted daily data since Jun 2, 2017, ISEC.AX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 94% of months were positive and 6% were negative. The best month was May 2025 with a return of +0.5%, while the worst month was Mar 2020 at -0.0%. The longest winning streak lasted 51 consecutive months, and the longest losing streak was 1 months.
On a daily basis, ISEC.AX closed higher 59% of trading days. The best single day was Nov 6, 2023 with a return of +0.4%, while the worst single day was Feb 7, 2025 at -0.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.31% | 0.28% | 0.29% | 0.40% | 0.34% | 0.06% | 0.23% | 1.92% | |||||
| 2025 | 0.41% | 0.36% | 0.37% | 0.33% | 0.54% | 0.38% | 0.29% | 0.30% | 0.38% | 0.31% | 0.30% | 0.34% | 4.40% |
| 2024 | 0.41% | 0.36% | 0.36% | 0.41% | 0.41% | 0.34% | 0.42% | 0.38% | 0.39% | 0.43% | 0.35% | 0.39% | 4.74% |
| 2023 | 0.26% | 0.27% | 0.29% | 0.30% | 0.34% | 0.31% | 0.41% | 0.37% | 0.36% | 0.34% | 0.39% | 0.36% | 4.06% |
| 2022 | -0.03% | 0.01% | 0.02% | -0.03% | 0.03% | 0.03% | 0.14% | 0.14% | 0.18% | 0.25% | 0.25% | 0.30% | 1.29% |
| 2021 | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.01% | 0.01% | -0.01% | 0.02% | -0.02% | 0.03% | 0.08% |
Benchmark Metrics
iShares Enhanced Cash ETF has an annualized alpha of 2.33%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 02, 2017.
- This ETF captured 4.94% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.74%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.33%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 4.94%
- Downside Capture
- -6.74%
Return for Risk
Risk / Return Rank
ISEC.AX ranks 97 for risk / return — in the top 97% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Enhanced Cash ETF (ISEC.AX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISEC.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +3.20 | ||
| Omega ratioGain probability vs. loss probability | 2.70 | 1.24 | +1.46 |
| Calmar ratioReturn relative to maximum drawdown | 9.72 | 1.11 | +8.61 |
| Martin ratioReturn relative to average drawdown | 29.94 | 3.10 | +26.84 |
Dividends
Dividend History
iShares Enhanced Cash ETF provided a 3.75% dividend yield over the last twelve months, with an annual payout of A$3.78 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | A$3.78 | A$4.36 | A$4.59 | A$3.96 | A$1.06 | A$0.13 | A$0.57 | A$1.69 | A$1.97 | A$0.89 |
Dividend yield | 3.75% | 4.32% | 4.55% | 3.93% | 1.05% | 0.13% | 0.57% | 1.68% | 1.96% | 0.88% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Enhanced Cash ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | A$0.36 | A$0.32 | A$0.32 | A$0.50 | A$0.35 | A$0.00 | A$0.29 | A$2.13 | |||||
| 2025 | A$0.41 | A$0.39 | A$0.32 | A$0.37 | A$0.48 | A$0.33 | A$0.42 | A$0.38 | A$0.32 | A$0.35 | A$0.30 | A$0.30 | A$4.36 |
| 2024 | A$0.41 | A$0.38 | A$0.37 | A$0.41 | A$0.35 | A$0.38 | A$0.33 | A$0.45 | A$0.39 | A$0.43 | A$0.36 | A$0.35 | A$4.59 |
| 2023 | A$0.30 | A$0.31 | A$0.29 | A$0.26 | A$0.30 | A$0.34 | A$0.29 | A$0.38 | A$0.37 | A$0.38 | A$0.35 | A$0.40 | A$3.96 |
| 2022 | A$0.01 | A$0.01 | A$0.00 | A$0.01 | A$0.01 | A$0.03 | A$0.04 | A$0.10 | A$0.20 | A$0.18 | A$0.22 | A$0.25 | A$1.06 |
| 2021 | A$0.02 | A$0.01 | A$0.01 | A$0.01 | A$0.01 | A$0.01 | A$0.01 | A$0.01 | A$0.01 | A$0.01 | A$0.01 | A$0.01 | A$0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Enhanced Cash ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Enhanced Cash ETF was 0.38%, occurring on Jan 8, 2026. Recovery took 18 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-0.38%Jan 2026 | 1d | 27d | 28dJan 2026 - Feb 2026 | — |
-0.37%Feb 2025 | 0s | 27d | 27dFeb 2025 - Mar 2025 | 2025 selloff2025 |
-0.36%Jun 2026 | 0s | 26d | 26dJun 2026 - Jun 2026 | — |
-0.36%Nov 2023 | 0s | 28d | 28dNov 2023 - Dec 2023 | — |
-0.33%Mar 2025 | 0s | 1mo 1d | 1mo 1dMar 2025 - Apr 2025 | 2025 selloff2025 |
Drawdown Indicators
| ISEC.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.38% | -41.07% | +40.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | -11.69% | +11.31% |
Max Drawdown (3Y)Largest decline over 3 years | -0.38% | -17.74% | +17.36% |
Max Drawdown (5Y)Largest decline over 5 years | -0.38% | -22.01% | +21.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.71% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.60% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -11.02% | +10.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 4.20% | -4.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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