- Issuer
- iShares
- Inception Date
- Oct 11, 2016
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares MSCI World ex Australia Minimum Volatility Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
WVOL.AX Performance Chart
iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX) is up 1.6% since the beginning of the year. WVOL.AX is currently trading at A$45 per share. Investors who bought A$1,000 worth of WVOL.AX shares 5 years ago would now be looking at an investment worth A$1,470.
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Returns By Period
iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX) has returned 1.58% so far this year and 5.79% over the past 12 months.
iShares MSCI World ex Australia Minimum Volatility ETF
- 1D
- -0.73%
- 1M
- 0.44%
- 6M
- 1.08%
- YTD
- 1.58%
- 1Y
- 5.79%
- 3Y*
- 11.42%
- 5Y*
- 8.01%
- 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%
WVOL.AX Monthly Returns History
Based on dividend-adjusted daily data since Oct 11, 2016, WVOL.AX's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 61% of months were positive and 39% were negative. The best month was Mar 2021 with a return of +7.1%, while the worst month was Mar 2020 at -6.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, WVOL.AX closed higher 50% of trading days. The best single day was Mar 20, 2020 with a return of +6.5%, while the worst single day was Mar 23, 2020 at -13.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.78% | 2.31% | -1.70% | -1.78% | 2.61% | 3.66% | -1.58% | 1.58% | |||||
| 2025 | 4.71% | 1.39% | -0.23% | -1.54% | 1.47% | -0.34% | 1.30% | 1.19% | 0.68% | 0.05% | 2.54% | -1.38% | 10.13% |
| 2024 | 5.54% | 1.19% | 2.66% | -1.47% | -1.03% | 1.41% | 6.37% | -0.47% | -0.70% | 3.80% | 2.93% | -0.82% | 20.75% |
| 2023 | -2.03% | 1.40% | 2.60% | 4.22% | -2.46% | 0.50% | 1.79% | 0.90% | -2.80% | -0.92% | 0.96% | 1.31% | 5.37% |
| 2022 | -2.57% | -3.79% | 2.59% | 0.59% | -2.37% | -2.34% | 1.14% | 0.03% | -2.09% | 6.32% | 0.59% | -0.96% | -3.23% |
| 2021 | -0.24% | -2.84% | 7.10% | 0.90% | 2.58% | 3.17% | 3.98% | 2.68% | -2.03% | -3.06% | 5.90% | 1.97% | 21.37% |
Benchmark Metrics
iShares MSCI World ex Australia Minimum Volatility ETF has an annualized alpha of 9.20%, beta of 0.05, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 11, 2016.
- This ETF participated in 55.70% of S&P 500 Index downside but only 53.68% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 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
- 9.20%
- Beta
- 0.05
- R²
- 0.00
- Upside Capture
- 53.68%
- Downside Capture
- 55.70%
Return for Risk
Risk / Return Rank
WVOL.AX ranks 27 for risk / return — below 27% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.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.
| WVOL.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.24 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.11 | +0.05 |
| Martin ratioReturn relative to average drawdown | 2.93 | 3.10 | -0.17 |
Dividends
Dividend History
iShares MSCI World ex Australia Minimum Volatility ETF provided a 1.47% dividend yield over the last twelve months, with an annual payout of A$0.66 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | A$0.66 | A$1.39 | A$1.44 | A$0.80 | A$0.92 | A$0.65 | A$0.74 | A$0.81 | A$1.31 | A$0.40 |
Dividend yield | 1.47% | 3.09% | 3.43% | 2.19% | 2.62% | 1.75% | 2.36% | 2.37% | 4.62% | 1.43% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI World ex Australia Minimum Volatility 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$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.66 | A$0.66 | |||||
| 2025 | A$0.35 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.04 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.39 |
| 2024 | A$0.38 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.07 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.44 |
| 2023 | A$0.30 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.49 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.80 |
| 2022 | A$0.28 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.64 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.92 |
| 2021 | A$0.27 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.39 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.65 |
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 MSCI World ex Australia Minimum Volatility 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 MSCI World ex Australia Minimum Volatility ETF was 21.05%, occurring on Mar 23, 2020. Recovery took 345 trading sessions.
The current iShares MSCI World ex Australia Minimum Volatility ETF drawdown is 1.83%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-21.05%Mar 2020 | 28d | 1y 4mo | 1y 5moFeb 2020 - Aug 2021 | COVID crash2020 |
-12.52%Jun 2022 | 5mo 13d | 9mo 28d | 1y 3moJan 2022 - Apr 2023 | Bear market2022 |
-8.12%Dec 2018 | 2mo 23d | 1mo 23d | 4mo 16dOct 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
-6.92%Aug 2017 | 2mo | 2mo 27d | 4mo 27dJun 2017 - Oct 2017 | — |
-6.80%Oct 2021 | 1mo 19d | 2mo 3d | 3mo 22dAug 2021 - Dec 2021 | — |
Drawdown Indicators
| WVOL.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.05% | -41.07% | +20.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -11.69% | +6.13% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -17.74% | +11.82% |
Max Drawdown (5Y)Largest decline over 5 years | -12.52% | -22.01% | +9.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.71% | — |
Current DrawdownCurrent decline from peak | -1.83% | -0.60% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -11.02% | +7.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 4.20% | -1.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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