BOND.AX vs. DJRE.AX
BOND.AX (State Street SPDR S&P/ASX iBoxx Australian Bond ETF) and DJRE.AX (State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF) are both exchange-traded funds - BOND.AX is a Total Bond Market fund tracking the S&P/ASX iBoxx Australian Fixed Interest Diversified 0+ Index, while DJRE.AX is a REIT fund tracking the Dow Jones Global Select ESG Tilted Real Estate Securities Index. Both are passively managed. Over the past 10 years, BOND.AX returned 1.40%/yr vs 3.56%/yr for DJRE.AX. At a 0.14 correlation, their price movements are largely independent. BOND.AX charges 0.10%/yr vs 0.20%/yr for DJRE.AX.
Performance
BOND.AX vs. DJRE.AX - Performance Comparison
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Returns By Period
In the year-to-date period, BOND.AX achieves a 1.98% return, which is significantly lower than DJRE.AX's 6.95% return. Over the past 10 years, BOND.AX has underperformed DJRE.AX with an annualized return of 1.40%, while DJRE.AX has yielded a comparatively higher 3.56% annualized return.
BOND.AX
- 1D
- 0.00%
- 1M
- -0.03%
- 6M
- 1.38%
- YTD
- 1.98%
- 1Y
- 2.21%
- 3Y*
- 3.73%
- 5Y*
- -0.36%
- 10Y*
- 1.40%
DJRE.AX
- 1D
- 0.09%
- 1M
- 1.75%
- 6M
- 6.26%
- YTD
- 6.95%
- 1Y
- 9.62%
- 3Y*
- 7.79%
- 5Y*
- 2.92%
- 10Y*
- 3.56%
BOND.AX vs. DJRE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOND.AX State Street SPDR S&P/ASX iBoxx Australian Bond ETF | 1.98% | 3.65% | 2.45% | 5.10% | -11.40% | -3.40% | 3.81% | 7.79% | 4.70% | 3.50% |
DJRE.AX State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF | 6.95% | 2.61% | 7.87% | 11.14% | -20.36% | 38.59% | -19.06% | 18.19% | 4.70% | -0.78% |
Correlation
The correlation between BOND.AX and DJRE.AX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2013 | 0.14 |
Over the past year, BOND.AX and DJRE.AX have become more correlated (0.34) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
BOND.AX vs. DJRE.AX — Risk / Return Rank
BOND.AX
DJRE.AX
BOND.AX vs. DJRE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P/ASX iBoxx Australian Bond ETF (BOND.AX) and State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF (DJRE.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.
| BOND.AX | DJRE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.14 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 1.15 | -0.44 |
| Martin ratioReturn relative to average drawdown | 1.49 | 2.83 | -1.33 |
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Drawdowns
BOND.AX vs. DJRE.AX - Drawdown Comparison
The maximum BOND.AX drawdown since its inception was -17.15%, smaller than the maximum DJRE.AX drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for BOND.AX and DJRE.AX.
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Drawdown Indicators
| BOND.AX | DJRE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.15% | -35.10% | +17.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -8.85% | +5.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.16% | -11.63% | +7.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | -24.27% | +7.58% |
Max Drawdown (10Y)Largest decline over 10 years | -17.15% | -35.10% | +17.95% |
Current DrawdownCurrent decline from peak | -3.54% | -1.74% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -8.53% | +4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 3.63% | -2.02% |
Volatility
BOND.AX vs. DJRE.AX - Volatility Comparison
The current volatility for State Street SPDR S&P/ASX iBoxx Australian Bond ETF (BOND.AX) is 0.83%, while State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF (DJRE.AX) has a volatility of 4.72%. This indicates that BOND.AX experiences smaller price fluctuations and is considered to be less risky than DJRE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOND.AX | DJRE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 4.72% | -3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 10.68% | -7.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 13.49% | -9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 15.16% | -9.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 15.99% | -10.98% |
BOND.AX vs. DJRE.AX - Expense Ratio Comparison
BOND.AX has a 0.10% expense ratio, which is lower than DJRE.AX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BOND.AX vs. DJRE.AX - Dividend Comparison
BOND.AX's dividend yield for the trailing twelve months is around 4.09%, more than DJRE.AX's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND.AX State Street SPDR S&P/ASX iBoxx Australian Bond ETF | 4.09% | 2.90% | 1.06% | 0.17% | 0.73% | 1.87% | 1.60% | 1.76% | 2.62% | 2.67% | 3.64% | 3.41% |
DJRE.AX State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF | 2.69% | 2.82% | 1.70% | 2.80% | 6.57% | 2.81% | 2.62% | 2.68% | 4.20% | 3.45% | 3.22% | 2.21% |
Frequently Asked Questions
BOND.AX and DJRE.AX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BOND.AX is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BOND.AX is cheaper with a 0.10% expense ratio, compared with 0.20% for DJRE.AX.
BOND.AX is categorized as Total Bond Market, while DJRE.AX is REIT. BOND.AX tracks S&P/ASX iBoxx Australian Fixed Interest Diversified 0+ Index, while DJRE.AX tracks Dow Jones Global Select ESG Tilted Real Estate Securities Index. Their fees differ too: 0.10% for BOND.AX and 0.20% for DJRE.AX.
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