CORE.AX vs. IOO.AX
CORE.AX (Schroder Global Core Fund - Active ETF) and IOO.AX (iShares Global 100 ETF (AU)) are both Global Equities funds. CORE.AX is actively managed, while IOO.AX is passively managed. Over the past year, CORE.AX returned 14.00% vs 17.05% for IOO.AX. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
CORE.AX vs. IOO.AX - Performance Comparison
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Returns By Period
In the year-to-date period, CORE.AX achieves a 3.61% return, which is significantly lower than IOO.AX's 4.57% return.
CORE.AX
- 1D
- -1.27%
- 1M
- -0.61%
- 6M
- 3.34%
- YTD
- 3.61%
- 1Y
- 14.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IOO.AX
- 1D
- -1.55%
- 1M
- 0.24%
- 6M
- 3.72%
- YTD
- 4.57%
- 1Y
- 17.05%
- 3Y*
- 21.30%
- 5Y*
- 16.79%
- 10Y*
- 26.38%
CORE.AX vs. IOO.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 3.61% | 12.78% |
IOO.AX iShares Global 100 ETF (AU) | 4.57% | 19.85% |
Correlation
The correlation between CORE.AX and IOO.AX is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.58 |
The correlation between CORE.AX and IOO.AX has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
CORE.AX vs. IOO.AX — Risk / Return Rank
CORE.AX
IOO.AX
CORE.AX vs. IOO.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schroder Global Core Fund - Active ETF (CORE.AX) and iShares Global 100 ETF (AU) (IOO.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.
| CORE.AX | IOO.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.33 | +0.19 |
| Martin ratioReturn relative to average drawdown | 4.09 | 3.76 | +0.33 |
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Drawdowns
CORE.AX vs. IOO.AX - Drawdown Comparison
The maximum CORE.AX drawdown since its inception was -10.20%, smaller than the maximum IOO.AX drawdown of -31.99%. Use the drawdown chart below to compare losses from any high point for CORE.AX and IOO.AX.
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Drawdown Indicators
| CORE.AX | IOO.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.20% | -31.99% | +21.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -12.31% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.18% | — |
Current DrawdownCurrent decline from peak | -2.60% | -1.55% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -6.80% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.43% | — |
Volatility
CORE.AX vs. IOO.AX - Volatility Comparison
The current volatility for Schroder Global Core Fund - Active ETF (CORE.AX) is 2.49%, while iShares Global 100 ETF (AU) (IOO.AX) has a volatility of 4.07%. This indicates that CORE.AX experiences smaller price fluctuations and is considered to be less risky than IOO.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORE.AX | IOO.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 4.07% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 9.31% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.51% | 12.17% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.55% | 13.91% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.55% | 34.55% | -22.00% |
Dividends
CORE.AX vs. IOO.AX - Dividend Comparison
CORE.AX's dividend yield for the trailing twelve months is around 0.69%, less than IOO.AX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 0.69% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IOO.AX iShares Global 100 ETF (AU) | 0.93% | 0.77% | 0.51% | 1.90% | 3.18% | 1.85% | 1.89% | 3.35% | 1.22% | 6.14% | 3.68% | 5.90% |
Frequently Asked Questions
CORE.AX and IOO.AX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Schroder and iShares.
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