ESTX.AX vs. ILB.AX
ESTX.AX (Global X EURO STOXX 50 ETF) and ILB.AX (iShares Government Inflation ETF) are both Global Equities funds - ESTX.AX tracks the EURO STOXX 50 Index while ILB.AX tracks the iShares Government Inflation Index. Both are passively managed. Over the past 5 years, ESTX.AX returned 12.14%/yr vs 0.08%/yr for ILB.AX. At a 0.07 correlation, their price movements are largely independent.
Performance
ESTX.AX vs. ILB.AX - Performance Comparison
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Returns By Period
In the year-to-date period, ESTX.AX achieves a 3.22% return, which is significantly higher than ILB.AX's 1.76% return.
ESTX.AX
- 1D
- 0.34%
- 1M
- 0.52%
- 6M
- -0.32%
- YTD
- 3.22%
- 1Y
- 8.95%
- 3Y*
- 14.83%
- 5Y*
- 12.14%
- 10Y*
- —
ILB.AX
- 1D
- -0.06%
- 1M
- -0.45%
- 6M
- 1.64%
- YTD
- 1.76%
- 1Y
- 3.25%
- 3Y*
- 2.59%
- 5Y*
- 0.08%
- 10Y*
- 1.99%
ESTX.AX vs. ILB.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESTX.AX Global X EURO STOXX 50 ETF | 3.22% | 27.21% | 13.48% | 23.32% | -7.46% | 18.99% | -2.51% | 27.06% | -8.09% | 15.99% |
ILB.AX iShares Government Inflation ETF | 1.76% | 2.96% | -0.96% | 8.89% | -10.83% | 1.13% | 6.23% | 9.07% | 3.00% | 2.70% |
Correlation
The correlation between ESTX.AX and ILB.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 (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2016 | 0.07 |
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Return for Risk
ESTX.AX vs. ILB.AX — Risk / Return Rank
ESTX.AX
ILB.AX
ESTX.AX vs. ILB.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X EURO STOXX 50 ETF (ESTX.AX) and iShares Government Inflation ETF (ILB.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.
| ESTX.AX | ILB.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.10 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.68 | +0.03 |
| Martin ratioReturn relative to average drawdown | 2.05 | 1.57 | +0.48 |
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Drawdowns
ESTX.AX vs. ILB.AX - Drawdown Comparison
The maximum ESTX.AX drawdown since its inception was -29.33%, which is greater than ILB.AX's maximum drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for ESTX.AX and ILB.AX.
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Drawdown Indicators
| ESTX.AX | ILB.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.33% | -17.45% | -11.88% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -4.40% | -10.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.48% | -4.40% | -10.08% |
Max Drawdown (5Y)Largest decline over 5 years | -26.60% | -17.45% | -9.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.45% | — |
Current DrawdownCurrent decline from peak | -2.65% | -0.93% | -1.72% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -3.59% | -1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.06% | 1.95% | +3.11% |
Volatility
ESTX.AX vs. ILB.AX - Volatility Comparison
Global X EURO STOXX 50 ETF (ESTX.AX) has a higher volatility of 3.11% compared to iShares Government Inflation ETF (ILB.AX) at 0.81%. This indicates that ESTX.AX's price experiences larger fluctuations and is considered to be riskier than ILB.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESTX.AX | ILB.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 0.81% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 3.51% | +10.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 5.05% | +10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 7.38% | +8.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 7.33% | +8.90% |
Dividends
ESTX.AX vs. ILB.AX - Dividend Comparison
ESTX.AX's dividend yield for the trailing twelve months is around 7.25%, more than ILB.AX's 1.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESTX.AX Global X EURO STOXX 50 ETF | 7.25% | 1.79% | 4.19% | 3.67% | 3.90% | 1.60% | 2.15% | 2.79% | 4.16% | 1.15% | 0.15% | 0.00% |
ILB.AX iShares Government Inflation ETF | 1.64% | 1.56% | 1.65% | 1.56% | 0.85% | 0.53% | 0.83% | 1.40% | 0.74% | 0.70% | 1.22% | 1.63% |
Frequently Asked Questions
ESTX.AX and ILB.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.
ESTX.AX tracks EURO STOXX 50 Index, while ILB.AX tracks iShares Government Inflation Index. They also come from different issuers: Global X and iShares.
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