ESGI.AX vs. SUBD.AX
ESGI.AX (VanEck MSCI International Sustainable Equity ETF) and SUBD.AX (Vaneck Australian Subordinated Debt ETF) are both exchange-traded funds - ESGI.AX is a Global Equities fund tracking the MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index, while SUBD.AX is a High Yield Bonds fund tracking the iBoxx AUD Investment Grade Subordinated Debt Mid Price Index. Both are passively managed. Over the past 5 years, ESGI.AX returned 10.39%/yr vs 4.63%/yr for SUBD.AX. At a correlation of -0.01, they often move in opposite directions. ESGI.AX charges 0.55%/yr vs 0.29%/yr for SUBD.AX.
Performance
ESGI.AX vs. SUBD.AX - Performance Comparison
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Returns By Period
In the year-to-date period, ESGI.AX achieves a 6.43% return, which is significantly higher than SUBD.AX's 3.04% return.
ESGI.AX
- 1D
- -0.45%
- 1M
- 4.59%
- 6M
- 4.93%
- YTD
- 6.43%
- 1Y
- 8.19%
- 3Y*
- 14.32%
- 5Y*
- 10.39%
- 10Y*
- —
SUBD.AX
- 1D
- 0.04%
- 1M
- 0.80%
- 6M
- 2.67%
- YTD
- 3.04%
- 1Y
- 6.00%
- 3Y*
- 6.36%
- 5Y*
- 4.63%
- 10Y*
- —
ESGI.AX vs. SUBD.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ESGI.AX VanEck MSCI International Sustainable Equity ETF | 6.43% | 6.29% | 23.14% | 16.95% | -7.32% | 24.77% | 4.97% | 3.42% |
SUBD.AX Vaneck Australian Subordinated Debt ETF | 3.04% | 5.55% | 7.13% | 7.11% | 0.27% | 2.12% | 2.39% | 0.59% |
Correlation
The correlation between ESGI.AX and SUBD.AX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2019 | -0.01 |
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Return for Risk
ESGI.AX vs. SUBD.AX — Risk / Return Rank
ESGI.AX
SUBD.AX
ESGI.AX vs. SUBD.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck MSCI International Sustainable Equity ETF (ESGI.AX) and Vaneck Australian Subordinated Debt ETF (SUBD.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.
| ESGI.AX | SUBD.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.11 | ||
| Sortino ratioReturn per unit of downside risk | -11.71 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 3.06 | -1.94 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 24.82 | -24.23 |
| Martin ratioReturn relative to average drawdown | 1.38 | 101.01 | -99.63 |
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Drawdowns
ESGI.AX vs. SUBD.AX - Drawdown Comparison
The maximum ESGI.AX drawdown since its inception was -22.88%, which is greater than SUBD.AX's maximum drawdown of -10.85%. Use the drawdown chart below to compare losses from any high point for ESGI.AX and SUBD.AX.
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Drawdown Indicators
| ESGI.AX | SUBD.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.88% | -10.85% | -12.03% |
Max Drawdown (1Y)Largest decline over 1 year | -14.92% | -0.24% | -14.68% |
Max Drawdown (3Y)Largest decline over 3 years | -14.92% | -1.19% | -13.73% |
Max Drawdown (5Y)Largest decline over 5 years | -19.38% | -2.99% | -16.39% |
Current DrawdownCurrent decline from peak | -1.00% | 0.00% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -0.44% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.53% | 0.06% | +6.47% |
Volatility
ESGI.AX vs. SUBD.AX - Volatility Comparison
VanEck MSCI International Sustainable Equity ETF (ESGI.AX) has a higher volatility of 3.61% compared to Vaneck Australian Subordinated Debt ETF (SUBD.AX) at 0.27%. This indicates that ESGI.AX's price experiences larger fluctuations and is considered to be riskier than SUBD.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGI.AX | SUBD.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 0.27% | +3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.18% | 0.64% | +11.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 0.88% | +13.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.00% | 1.35% | +11.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.86% | 4.76% | +9.10% |
ESGI.AX vs. SUBD.AX - Expense Ratio Comparison
ESGI.AX has a 0.55% expense ratio, which is higher than SUBD.AX's 0.29% expense ratio.
Dividends
ESGI.AX vs. SUBD.AX - Dividend Comparison
ESGI.AX's dividend yield for the trailing twelve months is around 2.71%, less than SUBD.AX's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESGI.AX VanEck MSCI International Sustainable Equity ETF | 2.71% | 6.43% | 6.58% | 3.35% | 2.39% | 1.42% | 1.50% | 1.55% | 0.52% |
SUBD.AX Vaneck Australian Subordinated Debt ETF | 5.35% | 5.54% | 5.85% | 5.13% | 2.60% | 1.90% | 2.01% | 0.18% | 0.00% |
Frequently Asked Questions
ESGI.AX and SUBD.AX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUBD.AX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUBD.AX is cheaper with a 0.29% expense ratio, compared with 0.55% for ESGI.AX.
ESGI.AX is categorized as Global Equities, while SUBD.AX is High Yield Bonds. ESGI.AX tracks MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index, while SUBD.AX tracks iBoxx AUD Investment Grade Subordinated Debt Mid Price Index. Their fees differ too: 0.55% for ESGI.AX and 0.29% for SUBD.AX.
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