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CORE.AX vs. OZR.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CORE.AX vs. OZR.AX

Last updated Jul 18, 2026
Documentation

CORE.AX (Schroder Global Core Fund - Active ETF) and OZR.AX (SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF) are both Global Equities funds. CORE.AX is actively managed, while OZR.AX is passively managed. Over the past year, CORE.AX returned 14.00% vs 39.26% for OZR.AX. At a 0.14 correlation, their price movements are largely independent.

Performance

CORE.AX vs. OZR.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Schroder Global Core Fund - Active ETF (CORE.AX) and SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF (OZR.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, CORE.AX achieves a 3.61% return, which is significantly lower than OZR.AX's 8.75% return.

CORE.AX

1D
-1.27%
1M
-0.61%
6M
3.34%
YTD
3.61%
1Y
14.00%
3Y*
—
5Y*
—
10Y*
—

OZR.AX

1D
-2.47%
1M
-12.34%
6M
2.06%
YTD
8.75%
1Y
39.26%
3Y*
8.86%
5Y*
9.47%
10Y*
13.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CORE.AX vs. OZR.AX - Yearly Performance Comparison

2026 (YTD)2025
CORE.AX
Schroder Global Core Fund - Active ETF		3.61%12.78%
OZR.AX
SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF		8.75%31.04%

Correlation

The correlation between CORE.AX and OZR.AX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.16

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2025

0.14

Compare stocks, funds, or ETFs

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

Schroder Global Core Fund - Active ETF

SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF

Often compared with CORE.AX:
CORE.AX vs. QUS.AXCORE.AX vs. SEMI.AXCORE.AX vs. ESGI.AXCORE.AX vs. ESTX.AXCORE.AX vs. ETHI.AXCORE.AX vs. F100.AXCORE.AX vs. GLIN.AX
Often compared with OZR.AX:
OZR.AX vs. OZF.AXOZR.AX vs. SSO.AXOZR.AX vs. DJRE.AXOZR.AX vs. GOVT.AXOZR.AX vs. QMIX.AXOZR.AX vs. SFY.AXOZR.AX vs. SLF.AX

Return for Risk

CORE.AX vs. OZR.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CORE.AX
CORE.AX Risk / Return Rank: 4444
Overall Rank
CORE.AX Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
CORE.AX Sortino Ratio Rank: 4747
Sortino Ratio Rank
CORE.AX Omega Ratio Rank: 5353
Omega Ratio Rank
CORE.AX Calmar Ratio Rank: 3939
Calmar Ratio Rank
CORE.AX Martin Ratio Rank: 3535
Martin Ratio Rank
OZR.AX
OZR.AX Risk / Return Rank: 6161
Overall Rank
OZR.AX Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
OZR.AX Sortino Ratio Rank: 6262
Sortino Ratio Rank
OZR.AX Omega Ratio Rank: 5959
Omega Ratio Rank
OZR.AX Calmar Ratio Rank: 6161
Calmar Ratio Rank
OZR.AX Martin Ratio Rank: 5757
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.

CORE.AX vs. OZR.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 SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF (OZR.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.AXOZR.AXDifference
Sharpe ratioReturn per unit of total volatility
1.24
1.64

-0.40

Sortino ratioReturn per unit of downside risk
1.82
2.20

-0.38

Omega ratioGain probability vs. loss probability

1.25

1.27

-0.02

Calmar ratioReturn relative to maximum drawdown

1.51

2.28

-0.76

Martin ratioReturn relative to average drawdown

4.09

7.36

-3.27

CORE.AX vs. OZR.AX - Sharpe Ratio Comparison

The current CORE.AX Sharpe Ratio is 1.24, which is comparable to the OZR.AX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of CORE.AX and OZR.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

CORE.AX vs. OZR.AX - Drawdown Comparison

The maximum CORE.AX drawdown since its inception was -10.20%, smaller than the maximum OZR.AX drawdown of -63.68%. Use the drawdown chart below to compare losses from any high point for CORE.AX and OZR.AX.

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Drawdown Indicators

CORE.AXOZR.AXDifference

Max Drawdown

Largest peak-to-trough decline

-10.20%

-63.68%

+53.48%

Max Drawdown (1Y)

Largest decline over 1 year

-10.20%

-16.68%

+6.48%

Max Drawdown (3Y)

Largest decline over 3 years

—

-26.11%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.11%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.72%

—

Current Drawdown

Current decline from peak

-2.60%

-13.86%

+11.26%

Average Drawdown

Average peak-to-trough decline

-2.60%

-20.81%

+18.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

5.20%

—

Volatility

CORE.AX vs. OZR.AX - Volatility Comparison

The current volatility for Schroder Global Core Fund - Active ETF (CORE.AX) is 2.49%, while SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF (OZR.AX) has a volatility of 6.94%. This indicates that CORE.AX experiences smaller price fluctuations and is considered to be less risky than OZR.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.AXOZR.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.49%

6.94%

-4.45%

Volatility (6M)

Calculated over the trailing 6-month period

7.50%

19.36%

-11.86%

Volatility (1Y)

Calculated over the trailing 1-year period

12.51%

23.16%

-10.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.55%

22.46%

-9.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.55%

22.18%

-9.63%

Dividends

CORE.AX vs. OZR.AX - Dividend Comparison

CORE.AX's dividend yield for the trailing twelve months is around 0.69%, less than OZR.AX's 2.51% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
OZR.AX
SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF		2.51%2.62%2.35%6.10%15.55%5.65%3.07%4.85%3.18%2.13%1.55%4.69%

Frequently Asked Questions

CORE.AX and OZR.AX have a correlation of 0.16, 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 SPDR.

Portfolio Optimizer

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