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FOOD.AX vs. IFRA.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FOOD.AX vs. IFRA.AX

Last updated Jul 16, 2026
Documentation

FOOD.AX (Betashares Global Agriculture Companies Currency Hedged ETF) and IFRA.AX (VanEck FTSE Global Infrastructure (AUD Hedged) ETF) are both Global Equities funds - FOOD.AX tracks the Betashares Global Agriculture Companies Currency Hedged Index while IFRA.AX tracks the VanEck FTSE Global Infrastructure (AUD Hedged) Index. Both are passively managed. Over the past 5 years, FOOD.AX returned 4.85%/yr vs 6.59%/yr for IFRA.AX. At a 0.41 correlation, their price movements are largely independent.

Performance

FOOD.AX vs. IFRA.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Global Agriculture Companies Currency Hedged ETF (FOOD.AX) and VanEck FTSE Global Infrastructure (AUD Hedged) ETF (IFRA.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, FOOD.AX achieves a 13.63% return, which is significantly higher than IFRA.AX's 10.62% return.

FOOD.AX

1D
0.38%
1M
1.59%
6M
11.05%
YTD
13.63%
1Y
19.32%
3Y*
7.23%
5Y*
4.85%
10Y*
—

IFRA.AX

1D
-0.66%
1M
-0.16%
6M
11.95%
YTD
10.62%
1Y
16.33%
3Y*
11.07%
5Y*
6.59%
10Y*
6.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FOOD.AX vs. IFRA.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FOOD.AX
Betashares Global Agriculture Companies Currency Hedged ETF		13.63%16.69%-5.50%-5.20%-1.14%24.32%3.36%17.26%-14.88%15.67%
IFRA.AX
VanEck FTSE Global Infrastructure (AUD Hedged) ETF		10.62%11.93%10.70%-1.66%-4.04%16.80%-8.44%23.88%-3.41%13.75%

Correlation

The correlation between FOOD.AX and IFRA.AX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.36

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

0.35

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

0.41

Correlation (All Time)
Calculated using the full available price history since Aug 2, 2016

0.41

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Betashares Global Agriculture Companies Currency Hedged ETF

VanEck FTSE Global Infrastructure (AUD Hedged) ETF

Return for Risk

FOOD.AX vs. IFRA.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FOOD.AX
FOOD.AX Risk / Return Rank: 4141
Overall Rank
FOOD.AX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
FOOD.AX Sortino Ratio Rank: 4242
Sortino Ratio Rank
FOOD.AX Omega Ratio Rank: 4040
Omega Ratio Rank
FOOD.AX Calmar Ratio Rank: 4343
Calmar Ratio Rank
FOOD.AX Martin Ratio Rank: 4040
Martin Ratio Rank
IFRA.AX
IFRA.AX Risk / Return Rank: 5858
Overall Rank
IFRA.AX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
IFRA.AX Sortino Ratio Rank: 5555
Sortino Ratio Rank
IFRA.AX Omega Ratio Rank: 5252
Omega Ratio Rank
IFRA.AX Calmar Ratio Rank: 7373
Calmar Ratio Rank
IFRA.AX Martin Ratio Rank: 5555
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.

FOOD.AX vs. IFRA.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Betashares Global Agriculture Companies Currency Hedged ETF (FOOD.AX) and VanEck FTSE Global Infrastructure (AUD Hedged) ETF (IFRA.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.

FOOD.AXIFRA.AXDifference
Sharpe ratioReturn per unit of total volatility
1.22
1.52

-0.30

Sortino ratioReturn per unit of downside risk
1.82
2.19

-0.36

Omega ratioGain probability vs. loss probability

1.22

1.27

-0.05

Calmar ratioReturn relative to maximum drawdown

1.81

2.99

-1.18

Martin ratioReturn relative to average drawdown

5.18

7.68

-2.50

FOOD.AX vs. IFRA.AX - Sharpe Ratio Comparison

The current FOOD.AX Sharpe Ratio is 1.22, which is comparable to the IFRA.AX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of FOOD.AX and IFRA.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

FOOD.AX vs. IFRA.AX - Drawdown Comparison

The maximum FOOD.AX drawdown since its inception was -39.46%, which is greater than IFRA.AX's maximum drawdown of -36.36%. Use the drawdown chart below to compare losses from any high point for FOOD.AX and IFRA.AX.

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Drawdown Indicators

FOOD.AXIFRA.AXDifference

Max Drawdown

Largest peak-to-trough decline

-39.46%

-36.36%

-3.10%

Max Drawdown (1Y)

Largest decline over 1 year

-11.06%

-5.54%

-5.52%

Max Drawdown (3Y)

Largest decline over 3 years

-22.20%

-12.79%

-9.41%

Max Drawdown (5Y)

Largest decline over 5 years

-34.67%

-21.19%

-13.48%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.36%

—

Current Drawdown

Current decline from peak

-5.87%

-1.65%

-4.22%

Average Drawdown

Average peak-to-trough decline

-11.38%

-6.01%

-5.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.89%

2.20%

+1.69%

Volatility

FOOD.AX vs. IFRA.AX - Volatility Comparison

Betashares Global Agriculture Companies Currency Hedged ETF (FOOD.AX) and VanEck FTSE Global Infrastructure (AUD Hedged) ETF (IFRA.AX) have volatilities of 3.76% and 3.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FOOD.AXIFRA.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

3.82%

-0.06%

Volatility (6M)

Calculated over the trailing 6-month period

13.70%

9.13%

+4.57%

Volatility (1Y)

Calculated over the trailing 1-year period

16.49%

10.95%

+5.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.48%

14.30%

+3.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.50%

15.06%

+2.44%

Dividends

FOOD.AX vs. IFRA.AX - Dividend Comparison

FOOD.AX's dividend yield for the trailing twelve months is around 3.96%, more than IFRA.AX's 2.23% yield.

PositionTTM2025202420232022202120202019201820172016
FOOD.AX
Betashares Global Agriculture Companies Currency Hedged ETF		3.96%0.00%1.48%0.00%2.57%3.39%0.00%0.46%3.60%0.00%0.00%
IFRA.AX
VanEck FTSE Global Infrastructure (AUD Hedged) ETF		2.23%3.15%1.61%2.51%2.31%2.93%3.58%3.29%2.91%2.11%1.60%

Frequently Asked Questions

FOOD.AX and IFRA.AX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FOOD.AX tracks Betashares Global Agriculture Companies Currency Hedged Index, while IFRA.AX tracks VanEck FTSE Global Infrastructure (AUD Hedged) Index. They also come from different issuers: BetaShares and VanEck.

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