GLIN.AX vs. BILL.AX
GLIN.AX (iShares Core FTSE Global Infrastructure (AUD Hedged) ETF) and BILL.AX (iShares Core Cash ETF) are both exchange-traded funds - GLIN.AX is a Global Equities fund tracking the iShares Core FTSE Global Infrastructure (AUD Hedged) Index, while BILL.AX is a Money Market fund tracking the S&P/ASX Bank Bill Index. Both are passively managed. Over the past 3 years, GLIN.AX returned 12.07%/yr vs 4.36%/yr for BILL.AX. At a 0.01 correlation, their price movements are largely independent.
Performance
GLIN.AX vs. BILL.AX - Performance Comparison
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Returns By Period
In the year-to-date period, GLIN.AX achieves a 12.44% return, which is significantly higher than BILL.AX's 2.24% return.
GLIN.AX
- 1D
- -0.77%
- 1M
- 0.78%
- 6M
- 12.69%
- YTD
- 12.44%
- 1Y
- 17.78%
- 3Y*
- 12.07%
- 5Y*
- —
- 10Y*
- —
BILL.AX
- 1D
- 0.04%
- 1M
- 0.40%
- 6M
- 2.09%
- YTD
- 2.24%
- 1Y
- 4.03%
- 3Y*
- 4.36%
- 5Y*
- 3.25%
- 10Y*
- —
GLIN.AX vs. BILL.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GLIN.AX iShares Core FTSE Global Infrastructure (AUD Hedged) ETF | 12.44% | 12.04% | 12.01% | 0.06% |
BILL.AX iShares Core Cash ETF | 2.24% | 4.25% | 4.57% | 2.62% |
Correlation
The correlation between GLIN.AX and BILL.AX is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.01 |
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Return for Risk
GLIN.AX vs. BILL.AX — Risk / Return Rank
GLIN.AX
BILL.AX
GLIN.AX vs. BILL.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.AX) and iShares Core Cash ETF (BILL.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.
| GLIN.AX | BILL.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -4.14 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 3.26 | -1.96 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 11.39 | -8.21 |
| Martin ratioReturn relative to average drawdown | 9.92 | 37.49 | -27.57 |
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Drawdowns
GLIN.AX vs. BILL.AX - Drawdown Comparison
The maximum GLIN.AX drawdown since its inception was -12.66%, which is greater than BILL.AX's maximum drawdown of -0.37%. Use the drawdown chart below to compare losses from any high point for GLIN.AX and BILL.AX.
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Drawdown Indicators
| GLIN.AX | BILL.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.66% | -0.37% | -12.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -0.34% | -5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -12.66% | -0.37% | -12.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.37% | — |
Current DrawdownCurrent decline from peak | -1.16% | 0.00% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -0.02% | -2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 0.10% | +1.77% |
Volatility
GLIN.AX vs. BILL.AX - Volatility Comparison
iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.AX) has a higher volatility of 3.15% compared to iShares Core Cash ETF (BILL.AX) at 0.07%. This indicates that GLIN.AX's price experiences larger fluctuations and is considered to be riskier than BILL.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLIN.AX | BILL.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 0.07% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 0.64% | +8.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 0.89% | +9.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.33% | 0.69% | +11.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.33% | 0.55% | +11.78% |
Dividends
GLIN.AX vs. BILL.AX - Dividend Comparison
GLIN.AX's dividend yield for the trailing twelve months is around 5.93%, more than BILL.AX's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BILL.AX iShares Core Cash ETF | 3.97% | 4.13% | 4.46% | 3.69% | 0.98% | 0.02% | 0.46% | 1.50% | 1.83% | 0.61% |
GLIN.AX iShares Core FTSE Global Infrastructure (AUD Hedged) ETF | 5.93% | 2.94% | 2.60% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLIN.AX and BILL.AX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLIN.AX is categorized as Global Equities, while BILL.AX is Money Market. GLIN.AX tracks iShares Core FTSE Global Infrastructure (AUD Hedged) Index, while BILL.AX tracks S&P/ASX Bank Bill Index.
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