PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
AUMF.AX vs. WVOL.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AUMF.AX vs. WVOL.AX

Last updated Jul 16, 2026
Documentation

AUMF.AX (iShares Edge MSCI Australia Multifactor ETF) and WVOL.AX (iShares MSCI World ex Australia Minimum Volatility 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 WVOL.AX is a Global Equities fund tracking the iShares MSCI World ex Australia Minimum Volatility Index. Both are passively managed. Over the past 5 years, AUMF.AX returned 7.36%/yr vs 8.01%/yr for WVOL.AX. At a 0.28 correlation, their price movements are largely independent.

Performance

AUMF.AX vs. WVOL.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 World ex Australia Minimum Volatility ETF (WVOL.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, AUMF.AX achieves a -1.94% return, which is significantly lower than WVOL.AX's 1.58% return.

AUMF.AX

1D
0.18%
1M
-1.89%
6M
-1.57%
YTD
-1.94%
1Y
3.42%
3Y*
11.71%
5Y*
7.36%
10Y*
—

WVOL.AX

1D
-0.73%
1M
0.44%
6M
1.08%
YTD
1.58%
1Y
5.79%
3Y*
11.42%
5Y*
8.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
AUMF.AX
iShares Edge MSCI Australia Multifactor ETF		-1.94%17.56%14.19%9.25%-1.17%10.50%2.60%24.02%-4.06%12.19%
WVOL.AX
iShares MSCI World ex Australia Minimum Volatility ETF		1.58%10.13%20.75%5.37%-3.23%21.37%-6.48%23.83%5.64%9.58%

Correlation

The correlation between AUMF.AX and WVOL.AX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.28

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

0.23

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

0.28

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

0.28

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Edge MSCI Australia Multifactor ETF

iShares MSCI World ex Australia Minimum Volatility ETF

Return for Risk

AUMF.AX vs. WVOL.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: 1212
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
WVOL.AX
WVOL.AX Risk / Return Rank: 2727
Overall Rank
WVOL.AX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
WVOL.AX Sortino Ratio Rank: 2727
Sortino Ratio Rank
WVOL.AX Omega Ratio Rank: 2424
Omega Ratio Rank
WVOL.AX Calmar Ratio Rank: 2828
Calmar Ratio Rank
WVOL.AX Martin Ratio Rank: 2727
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. WVOL.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 World ex Australia Minimum Volatility ETF (WVOL.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.AXWVOL.AXDifference
Sharpe ratioReturn per unit of total volatility
0.22
0.83

-0.61

Sortino ratioReturn per unit of downside risk
0.40
1.26

-0.86

Omega ratioGain probability vs. loss probability

1.05

1.15

-0.10

Calmar ratioReturn relative to maximum drawdown

0.28

1.17

-0.89

Martin ratioReturn relative to average drawdown

0.66

2.93

-2.28

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

The current AUMF.AX Sharpe Ratio is 0.22, which is lower than the WVOL.AX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of AUMF.AX and WVOL.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.

Loading charts...

Drawdowns

AUMF.AX vs. WVOL.AX - Drawdown Comparison

The maximum AUMF.AX drawdown since its inception was -36.93%, which is greater than WVOL.AX's maximum drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for AUMF.AX and WVOL.AX.

Loading charts...

Drawdown Indicators

AUMF.AXWVOL.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.93%

-21.05%

-15.88%

Max Drawdown (1Y)

Largest decline over 1 year

-10.47%

-5.56%

-4.91%

Max Drawdown (3Y)

Largest decline over 3 years

-10.47%

-5.92%

-4.55%

Max Drawdown (5Y)

Largest decline over 5 years

-16.05%

-12.52%

-3.53%

Current Drawdown

Current decline from peak

-5.01%

-1.83%

-3.18%

Average Drawdown

Average peak-to-trough decline

-3.86%

-3.70%

-0.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.48%

2.24%

+2.24%

Volatility

AUMF.AX vs. WVOL.AX - Volatility Comparison

iShares Edge MSCI Australia Multifactor ETF (AUMF.AX) has a higher volatility of 2.80% compared to iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX) at 2.31%. This indicates that AUMF.AX's price experiences larger fluctuations and is considered to be riskier than WVOL.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

AUMF.AXWVOL.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.80%

2.31%

+0.49%

Volatility (6M)

Calculated over the trailing 6-month period

11.21%

6.26%

+4.95%

Volatility (1Y)

Calculated over the trailing 1-year period

13.35%

7.90%

+5.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.08%

9.41%

+3.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.11%

11.62%

+2.49%

Dividends

AUMF.AX vs. WVOL.AX - Dividend Comparison

AUMF.AX's dividend yield for the trailing twelve months is around 1.44%, less than WVOL.AX's 1.47% yield.

PositionTTM202520242023202220212020201920182017
AUMF.AX
iShares Edge MSCI Australia Multifactor ETF		1.44%2.80%3.34%4.69%6.09%2.52%2.71%4.45%8.24%0.00%
WVOL.AX
iShares MSCI World ex Australia Minimum Volatility ETF		1.47%3.09%3.43%2.19%2.62%1.75%2.36%2.37%4.62%1.43%

Frequently Asked Questions

AUMF.AX and WVOL.AX have a correlation of 0.28, 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 WVOL.AX is Global Equities. AUMF.AX tracks MSCI Australia IMI Diversified Multiple-Factor (AUD) GROSS Index, while WVOL.AX tracks iShares MSCI World ex Australia Minimum Volatility Index.

Portfolio Optimizer

Find the right allocation for AUMF.AX and WVOL.AX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer