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AUMF.AX vs. IAF.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AUMF.AX vs. IAF.AX

Last updated Jul 18, 2026
Documentation

AUMF.AX (iShares Edge MSCI Australia Multifactor ETF) and IAF.AX (iShares Core Composite Bond ETF) are both exchange-traded funds - AUMF.AX is a Multi-factor fund tracking the MSCI Australia IMI Diversified Multiple-Factor (AUD) GROSS Index, while IAF.AX is a Total Bond Market fund tracking the iShares Core Composite Bond Index. Both are passively managed. Over the past 5 years, AUMF.AX returned 7.15%/yr vs -0.08%/yr for IAF.AX. At a 0.11 correlation, their price movements are largely independent.

Performance

AUMF.AX vs. IAF.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares Edge MSCI Australia Multifactor ETF (AUMF.AX) and iShares Core Composite Bond ETF (IAF.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AUMF.AX achieves a -2.86% return, which is significantly lower than IAF.AX's 1.94% return.

AUMF.AX

1D
-0.94%
1M
-3.30%
6M
-2.93%
YTD
-2.86%
1Y
2.04%
3Y*
11.55%
5Y*
7.15%
10Y*
—

IAF.AX

1D
-0.08%
1M
-0.11%
6M
1.18%
YTD
1.94%
1Y
1.47%
3Y*
3.56%
5Y*
-0.08%
10Y*
1.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AUMF.AX vs. IAF.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AUMF.AX
iShares Edge MSCI Australia Multifactor ETF		-2.86%17.56%14.19%9.25%-1.17%10.50%2.60%24.02%-4.06%12.19%
IAF.AX
iShares Core Composite Bond ETF		1.94%2.97%2.70%4.96%-9.82%-3.09%3.92%7.29%4.19%3.38%

Correlation

The correlation between AUMF.AX and IAF.AX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2016

0.11

Over the past year, AUMF.AX and IAF.AX have become more correlated (0.31) than their long-term average of 0.11, meaning their price movements have been converging.

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iShares Edge MSCI Australia Multifactor ETF

iShares Core Composite Bond ETF

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Often compared with IAF.AX:
IAF.AX vs. BNDS.AXIAF.AX vs. BOND.AXIAF.AX vs. IHEB.AXIAF.AX vs. IHHY.AXIAF.AX vs. QPON.AXIAF.AX vs. VAF.AXIAF.AX vs. VEFI.AX

Return for Risk

AUMF.AX vs. IAF.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AUMF.AX
AUMF.AX Risk / Return Rank: 1313
Overall Rank
AUMF.AX Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
AUMF.AX Sortino Ratio Rank: 1212
Sortino Ratio Rank
AUMF.AX Omega Ratio Rank: 1212
Omega Ratio Rank
AUMF.AX Calmar Ratio Rank: 1313
Calmar Ratio Rank
AUMF.AX Martin Ratio Rank: 1313
Martin Ratio Rank
IAF.AX
IAF.AX Risk / Return Rank: 1616
Overall Rank
IAF.AX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
IAF.AX Sortino Ratio Rank: 1515
Sortino Ratio Rank
IAF.AX Omega Ratio Rank: 1515
Omega Ratio Rank
IAF.AX Calmar Ratio Rank: 1616
Calmar Ratio Rank
IAF.AX Martin Ratio Rank: 1515
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AUMF.AX vs. IAF.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Australia Multifactor ETF (AUMF.AX) and iShares Core Composite Bond ETF (IAF.AX). 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.

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.

AUMF.AXIAF.AXDifference
Sharpe ratioReturn per unit of total volatility
0.15
0.39

-0.24

Sortino ratioReturn per unit of downside risk
0.30
0.59

-0.28

Omega ratioGain probability vs. loss probability

1.04

1.07

-0.03

Calmar ratioReturn relative to maximum drawdown

0.19

0.40

-0.21

Martin ratioReturn relative to average drawdown

0.45

0.84

-0.39

AUMF.AX vs. IAF.AX - Sharpe Ratio Comparison

The current AUMF.AX Sharpe Ratio is 0.15, which is lower than the IAF.AX Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of AUMF.AX and IAF.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AUMF.AX vs. IAF.AX - Drawdown Comparison

The maximum AUMF.AX drawdown since its inception was -36.93%, which is greater than IAF.AX's maximum drawdown of -15.62%. Use the drawdown chart below to compare losses from any high point for AUMF.AX and IAF.AX.

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Drawdown Indicators

AUMF.AXIAF.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.93%

-15.62%

-21.31%

Max Drawdown (1Y)

Largest decline over 1 year

-10.47%

-3.57%

-6.90%

Max Drawdown (3Y)

Largest decline over 3 years

-10.47%

-3.65%

-6.82%

Max Drawdown (5Y)

Largest decline over 5 years

-16.05%

-15.10%

-0.95%

Max Drawdown (10Y)

Largest decline over 10 years

—

-15.62%

—

Current Drawdown

Current decline from peak

-5.90%

-2.00%

-3.90%

Average Drawdown

Average peak-to-trough decline

-3.86%

-3.25%

-0.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.49%

1.72%

+2.77%

Volatility

AUMF.AX vs. IAF.AX - Volatility Comparison

iShares Edge MSCI Australia Multifactor ETF (AUMF.AX) has a higher volatility of 2.86% compared to iShares Core Composite Bond ETF (IAF.AX) at 0.68%. This indicates that AUMF.AX's price experiences larger fluctuations and is considered to be riskier than IAF.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AUMF.AXIAF.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.86%

0.68%

+2.18%

Volatility (6M)

Calculated over the trailing 6-month period

11.24%

2.70%

+8.54%

Volatility (1Y)

Calculated over the trailing 1-year period

13.37%

3.65%

+9.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.08%

5.00%

+8.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.11%

4.33%

+9.78%

Dividends

AUMF.AX vs. IAF.AX - Dividend Comparison

AUMF.AX's dividend yield for the trailing twelve months is around 1.46%, less than IAF.AX's 3.15% yield.

PositionTTM20252024202320222021202020192018201720162015
AUMF.AX
iShares Edge MSCI Australia Multifactor ETF		1.46%2.80%3.34%4.69%6.09%2.52%2.71%4.45%8.24%0.00%0.00%0.00%
IAF.AX
iShares Core Composite Bond ETF		3.15%2.99%2.78%1.51%1.57%1.63%1.59%2.21%2.28%2.30%2.47%3.62%

Frequently Asked Questions

AUMF.AX and IAF.AX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AUMF.AX is categorized as Multi-factor, while IAF.AX is Total Bond Market. AUMF.AX tracks MSCI Australia IMI Diversified Multiple-Factor (AUD) GROSS Index, while IAF.AX tracks iShares Core Composite Bond Index.

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