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ESTX.AX vs. ZYUS.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ESTX.AX vs. ZYUS.AX

Last updated Jul 16, 2026
Documentation

ESTX.AX (Global X EURO STOXX 50 ETF) and ZYUS.AX (Global X S&P 500 High Yield Low Volatility ETF) are both Global Equities funds from Global X - ESTX.AX tracks the EURO STOXX 50 Index while ZYUS.AX tracks the Global X S&P 500 High Yield Low Volatility Index. Both are passively managed. Over the past 5 years, ESTX.AX returned 12.14%/yr vs 8.25%/yr for ZYUS.AX. At a 0.35 correlation, their price movements are largely independent.

Performance

ESTX.AX vs. ZYUS.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X EURO STOXX 50 ETF (ESTX.AX) and Global X S&P 500 High Yield Low Volatility ETF (ZYUS.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, ESTX.AX achieves a 3.22% return, which is significantly lower than ZYUS.AX's 5.46% 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*
—

ZYUS.AX

1D
0.34%
1M
2.46%
6M
4.73%
YTD
5.46%
1Y
4.42%
3Y*
10.33%
5Y*
8.25%
10Y*
7.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ESTX.AX vs. ZYUS.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
ZYUS.AX
Global X S&P 500 High Yield Low Volatility ETF		5.46%-4.75%29.05%-0.69%8.17%32.01%-19.00%19.73%3.05%2.59%

Correlation

The correlation between ESTX.AX and ZYUS.AX is 0.08, 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

0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.16

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Jul 19, 2016

0.35

Over the past year, the correlation between ESTX.AX and ZYUS.AX has dropped to 0.08 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

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Global X EURO STOXX 50 ETF

Global X S&P 500 High Yield Low Volatility ETF

Return for Risk

ESTX.AX vs. ZYUS.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ESTX.AX
ESTX.AX Risk / Return Rank: 2121
Overall Rank
ESTX.AX Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
ESTX.AX Sortino Ratio Rank: 2121
Sortino Ratio Rank
ESTX.AX Omega Ratio Rank: 2222
Omega Ratio Rank
ESTX.AX Calmar Ratio Rank: 1919
Calmar Ratio Rank
ESTX.AX Martin Ratio Rank: 2121
Martin Ratio Rank
ZYUS.AX
ZYUS.AX Risk / Return Rank: 1616
Overall Rank
ZYUS.AX Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
ZYUS.AX Sortino Ratio Rank: 1515
Sortino Ratio Rank
ZYUS.AX Omega Ratio Rank: 1414
Omega Ratio Rank
ZYUS.AX Calmar Ratio Rank: 1818
Calmar Ratio Rank
ZYUS.AX Martin Ratio Rank: 1616
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.

ESTX.AX vs. ZYUS.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 Global X S&P 500 High Yield Low Volatility ETF (ZYUS.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.AXZYUS.AXDifference
Sharpe ratioReturn per unit of total volatility
0.65
0.39

+0.26

Sortino ratioReturn per unit of downside risk
1.00
0.66

+0.34

Omega ratioGain probability vs. loss probability

1.13

1.07

+0.06

Calmar ratioReturn relative to maximum drawdown

0.71

0.60

+0.11

Martin ratioReturn relative to average drawdown

2.05

1.25

+0.80

ESTX.AX vs. ZYUS.AX - Sharpe Ratio Comparison

The current ESTX.AX Sharpe Ratio is 0.65, which is higher than the ZYUS.AX Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of ESTX.AX and ZYUS.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

ESTX.AX vs. ZYUS.AX - Drawdown Comparison

The maximum ESTX.AX drawdown since its inception was -29.33%, smaller than the maximum ZYUS.AX drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for ESTX.AX and ZYUS.AX.

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Drawdown Indicators

ESTX.AXZYUS.AXDifference

Max Drawdown

Largest peak-to-trough decline

-29.33%

-31.48%

+2.15%

Max Drawdown (1Y)

Largest decline over 1 year

-14.48%

-8.48%

-6.00%

Max Drawdown (3Y)

Largest decline over 3 years

-14.48%

-12.83%

-1.65%

Max Drawdown (5Y)

Largest decline over 5 years

-26.60%

-12.83%

-13.77%

Max Drawdown (10Y)

Largest decline over 10 years

—

-31.48%

—

Current Drawdown

Current decline from peak

-2.65%

-4.20%

+1.55%

Average Drawdown

Average peak-to-trough decline

-5.29%

-5.55%

+0.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.06%

4.12%

+0.94%

Volatility

ESTX.AX vs. ZYUS.AX - Volatility Comparison

The current volatility for Global X EURO STOXX 50 ETF (ESTX.AX) is 3.11%, while Global X S&P 500 High Yield Low Volatility ETF (ZYUS.AX) has a volatility of 4.69%. This indicates that ESTX.AX experiences smaller price fluctuations and is considered to be less risky than ZYUS.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.AXZYUS.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.11%

4.69%

-1.58%

Volatility (6M)

Calculated over the trailing 6-month period

13.59%

10.35%

+3.24%

Volatility (1Y)

Calculated over the trailing 1-year period

15.76%

12.93%

+2.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.35%

13.51%

+2.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.23%

15.02%

+1.21%

Dividends

ESTX.AX vs. ZYUS.AX - Dividend Comparison

ESTX.AX's dividend yield for the trailing twelve months is around 7.25%, more than ZYUS.AX's 4.00% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
ZYUS.AX
Global X S&P 500 High Yield Low Volatility ETF		4.00%5.68%3.54%7.57%3.05%2.70%6.34%7.82%5.96%6.04%3.90%0.84%

Frequently Asked Questions

ESTX.AX and ZYUS.AX have a correlation of 0.08, 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 ZYUS.AX tracks Global X S&P 500 High Yield Low Volatility Index.

Portfolio Optimizer

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Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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