iShares S&P/ASX Small Ordinaries ETF (ISO.AX)

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iShares S&P/ASX Small Ordinaries ETF (ISO.AX) is down 9.9% since the beginning of the year. ISO.AX is currently trading at A$5 per share. Investors who bought A$1,000 worth of ISO.AX shares 5 years ago would now be looking at an investment worth A$1,099.

iShares S&P/ASX Small Ordinaries ETF (ISO.AX) has returned -9.91% so far this year and 4.17% over the past 12 months. Over the last ten years, ISO.AX has returned 5.50% per year, falling short of the S&P 500 Index benchmark, which averaged 14.27% annually.

Based on dividend-adjusted daily data since Dec 7, 2010, ISO.AX's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.

Historically, 58% of months were positive and 42% were negative. The best month was Apr 2020 with a return of +14.7%, while the worst month was Mar 2020 at -23.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, ISO.AX closed higher 48% of trading days. The best single day was Mar 26, 2020 with a return of +6.9%, while the worst single day was Mar 23, 2020 at -13.3%.

iShares S&P/ASX Small Ordinaries ETF has an annualized alpha of 2.12%, beta of 0.13, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 07, 2010.

• This ETF participated in 90.75% of S&P 500 Index downside but only 44.82% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.13 may look defensive, but with R2 of 0.01 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 0.01 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.

ISO.AX ranks 12 for risk / return — in the bottom 12% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

iShares S&P/ASX Small Ordinaries ETF provided a 3.39% dividend yield over the last twelve months, with an annual payout of A$0.17 per share.

The table displays the monthly dividend distributions for iShares S&P/ASX Small Ordinaries ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the iShares S&P/ASX Small Ordinaries 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 S&P/ASX Small Ordinaries ETF was 42.99%, occurring on Mar 23, 2020. Recovery took 173 trading sessions.

The current iShares S&P/ASX Small Ordinaries ETF drawdown is 14.36%.

The chart below shows the rolling one-month volatility.