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

AUMF.AX vs. IVE.AX

Last updated Jul 18, 2026
Documentation

AUMF.AX (iShares Edge MSCI Australia Multifactor ETF) and IVE.AX (iShares MSCI EAFE ETF (AU)) are both exchange-traded funds - AUMF.AX is a Multi-factor fund tracking the MSCI Australia IMI Diversified Multiple-Factor (AUD) GROSS Index, while IVE.AX is a Global Equities fund tracking the iShares MSCI EAFE Index. Both are passively managed. Over the past 5 years, AUMF.AX returned 7.15%/yr vs 9.77%/yr for IVE.AX. At a 0.46 correlation, their price movements are largely independent.

Performance

AUMF.AX vs. IVE.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 MSCI EAFE ETF (AU) (IVE.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 IVE.AX's 3.52% 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*
—

IVE.AX

1D
-1.72%
1M
-1.09%
6M
0.19%
YTD
3.52%
1Y
10.92%
3Y*
12.87%
5Y*
9.77%
10Y*
9.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AUMF.AX vs. IVE.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%
IVE.AX
iShares MSCI EAFE ETF (AU)		3.52%21.53%11.29%16.82%-6.23%16.98%-0.38%22.82%-3.05%14.57%

Correlation

The correlation between AUMF.AX and IVE.AX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.61

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

0.55

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

0.53

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

0.46

The correlation between AUMF.AX and IVE.AX shifts across timeframes, from 0.46 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.

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iShares Edge MSCI Australia Multifactor ETF

iShares MSCI EAFE ETF (AU)

Often compared with AUMF.AX:
AUMF.AX vs. BILL.AXAUMF.AX vs. GLIN.AXAUMF.AX vs. IEM.AXAUMF.AX vs. IHWL.AXAUMF.AX vs. ILB.AXAUMF.AX vs. ILC.AXAUMF.AX vs. MVOL.AX
Often compared with IVE.AX:
IVE.AX vs. BILL.AXIVE.AX vs. CORE.AXIVE.AX vs. ESGI.AXIVE.AX vs. ESTX.AXIVE.AX vs. F100.AXIVE.AX vs. GLDN.AXIVE.AX vs. GLIN.AX

Return for Risk

AUMF.AX vs. IVE.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
IVE.AX
IVE.AX Risk / Return Rank: 3030
Overall Rank
IVE.AX Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
IVE.AX Sortino Ratio Rank: 3030
Sortino Ratio Rank
IVE.AX Omega Ratio Rank: 3131
Omega Ratio Rank
IVE.AX Calmar Ratio Rank: 2727
Calmar Ratio Rank
IVE.AX Martin Ratio Rank: 3131
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. IVE.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 MSCI EAFE ETF (AU) (IVE.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.AXIVE.AXDifference
Sharpe ratioReturn per unit of total volatility
0.15
0.85

-0.70

Sortino ratioReturn per unit of downside risk
0.30
1.26

-0.95

Omega ratioGain probability vs. loss probability

1.04

1.17

-0.13

Calmar ratioReturn relative to maximum drawdown

0.19

0.99

-0.80

Martin ratioReturn relative to average drawdown

0.45

3.36

-2.91

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

The current AUMF.AX Sharpe Ratio is 0.15, which is lower than the IVE.AX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of AUMF.AX and IVE.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. IVE.AX - Drawdown Comparison

The maximum AUMF.AX drawdown since its inception was -36.93%, smaller than the maximum IVE.AX drawdown of -45.63%. Use the drawdown chart below to compare losses from any high point for AUMF.AX and IVE.AX.

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Drawdown Indicators

AUMF.AXIVE.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.93%

-45.63%

+8.70%

Max Drawdown (1Y)

Largest decline over 1 year

-10.47%

-10.66%

+0.19%

Max Drawdown (3Y)

Largest decline over 3 years

-10.47%

-10.66%

+0.19%

Max Drawdown (5Y)

Largest decline over 5 years

-16.05%

-19.28%

+3.23%

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.20%

—

Current Drawdown

Current decline from peak

-5.90%

-3.35%

-2.55%

Average Drawdown

Average peak-to-trough decline

-3.86%

-13.68%

+9.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.49%

3.18%

+1.31%

Volatility

AUMF.AX vs. IVE.AX - Volatility Comparison

The current volatility for iShares Edge MSCI Australia Multifactor ETF (AUMF.AX) is 2.86%, while iShares MSCI EAFE ETF (AU) (IVE.AX) has a volatility of 3.31%. This indicates that AUMF.AX experiences smaller price fluctuations and is considered to be less risky than IVE.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.AXIVE.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.86%

3.31%

-0.45%

Volatility (6M)

Calculated over the trailing 6-month period

11.24%

10.99%

+0.25%

Volatility (1Y)

Calculated over the trailing 1-year period

13.37%

12.52%

+0.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.08%

12.14%

+0.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.11%

12.77%

+1.34%

Dividends

AUMF.AX vs. IVE.AX - Dividend Comparison

AUMF.AX's dividend yield for the trailing twelve months is around 1.46%, less than IVE.AX's 3.65% yield.

PositionTTM202520242023202220212020201920182017
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%
IVE.AX
iShares MSCI EAFE ETF (AU)		3.65%3.54%1.59%2.76%3.74%3.49%2.53%4.82%3.37%1.17%

Frequently Asked Questions

AUMF.AX and IVE.AX have a correlation of 0.61, 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 IVE.AX is Global Equities. AUMF.AX tracks MSCI Australia IMI Diversified Multiple-Factor (AUD) GROSS Index, while IVE.AX tracks iShares MSCI EAFE Index.

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