Correlation
The correlation between AFI.AX and IVV is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
AFI.AX vs. IVV
Compare and contrast key facts about Australian Foundation Investment Company Limited (AFI.AX) and iShares Core S&P 500 ETF (IVV).
IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFI.AX or IVV.
Performance
AFI.AX vs. IVV - Performance Comparison
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Key characteristics
AFI.AX:
0.50
IVV:
0.70
AFI.AX:
0.72
IVV:
1.05
AFI.AX:
1.10
IVV:
1.15
AFI.AX:
0.41
IVV:
0.69
AFI.AX:
1.66
IVV:
2.62
AFI.AX:
2.79%
IVV:
4.93%
AFI.AX:
9.48%
IVV:
19.73%
AFI.AX:
-41.20%
IVV:
-55.25%
AFI.AX:
-6.00%
IVV:
-3.45%
Returns By Period
In the year-to-date period, AFI.AX achieves a -0.86% return, which is significantly lower than IVV's 1.01% return. Over the past 10 years, AFI.AX has underperformed IVV with an annualized return of 5.69%, while IVV has yielded a comparatively higher 12.79% annualized return.
AFI.AX
-0.86%
1.69%
-2.70%
4.78%
0.50%
7.61%
5.69%
IVV
1.01%
6.43%
-0.85%
13.63%
14.12%
15.92%
12.79%
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Risk-Adjusted Performance
AFI.AX vs. IVV — Risk-Adjusted Performance Rank
AFI.AX
IVV
AFI.AX vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Australian Foundation Investment Company Limited (AFI.AX) and iShares Core S&P 500 ETF (IVV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
AFI.AX vs. IVV - Dividend Comparison
AFI.AX's dividend yield for the trailing twelve months is around 3.67%, more than IVV's 1.31% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
AFI.AX Australian Foundation Investment Company Limited | 3.67% | 3.51% | 3.36% | 5.90% | 2.84% | 3.29% | 3.38% | 4.00% | 3.85% | 4.17% | 3.87% | 4.63% |
IVV iShares Core S&P 500 ETF | 1.31% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% |
Drawdowns
AFI.AX vs. IVV - Drawdown Comparison
The maximum AFI.AX drawdown since its inception was -41.20%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for AFI.AX and IVV.
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Volatility
AFI.AX vs. IVV - Volatility Comparison
The current volatility for Australian Foundation Investment Company Limited (AFI.AX) is 1.82%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.81%. This indicates that AFI.AX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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