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

GLIN.AX vs. ESTX.AX

Last updated Jul 16, 2026
Documentation

GLIN.AX (iShares Core FTSE Global Infrastructure (AUD Hedged) ETF) and ESTX.AX (Global X EURO STOXX 50 ETF) are both Global Equities funds - GLIN.AX tracks the iShares Core FTSE Global Infrastructure (AUD Hedged) Index while ESTX.AX tracks the EURO STOXX 50 Index. Both are passively managed. Over the past 3 years, GLIN.AX returned 12.07%/yr vs 14.83%/yr for ESTX.AX. At a 0.23 correlation, their price movements are largely independent.

Performance

GLIN.AX vs. ESTX.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.AX) and Global X EURO STOXX 50 ETF (ESTX.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, GLIN.AX achieves a 12.44% return, which is significantly higher than ESTX.AX's 3.22% return.

GLIN.AX

1D
-0.77%
1M
0.78%
6M
12.69%
YTD
12.44%
1Y
17.78%
3Y*
12.07%
5Y*
—
10Y*
—

ESTX.AX

1D
0.34%
1M
0.52%
6M
-0.32%
YTD
3.22%
1Y
8.95%
3Y*
14.83%
5Y*
12.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023
GLIN.AX
iShares Core FTSE Global Infrastructure (AUD Hedged) ETF		12.44%12.04%12.01%0.06%
ESTX.AX
Global X EURO STOXX 50 ETF		3.22%27.21%13.48%3.44%

Correlation

The correlation between GLIN.AX and ESTX.AX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.25

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

0.25

Correlation (All Time)
Calculated using the full available price history since May 19, 2023

0.23

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iShares Core FTSE Global Infrastructure (AUD Hedged) ETF

Global X EURO STOXX 50 ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GLIN.AX
GLIN.AX Risk / Return Rank: 6767
Overall Rank
GLIN.AX Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
GLIN.AX Sortino Ratio Rank: 6464
Sortino Ratio Rank
GLIN.AX Omega Ratio Rank: 6060
Omega Ratio Rank
GLIN.AX Calmar Ratio Rank: 7777
Calmar Ratio Rank
GLIN.AX Martin Ratio Rank: 6868
Martin Ratio Rank
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
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.

GLIN.AX vs. ESTX.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 Global X EURO STOXX 50 ETF (ESTX.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.AXESTX.AXDifference
Sharpe ratioReturn per unit of total volatility
1.72
0.65

+1.07

Sortino ratioReturn per unit of downside risk
2.41
1.00

+1.41

Omega ratioGain probability vs. loss probability

1.30

1.13

+0.17

Calmar ratioReturn relative to maximum drawdown

3.19

0.71

+2.48

Martin ratioReturn relative to average drawdown

9.92

2.05

+7.87

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

The current GLIN.AX Sharpe Ratio is 1.72, which is higher than the ESTX.AX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of GLIN.AX and ESTX.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

GLIN.AX vs. ESTX.AX - Drawdown Comparison

The maximum GLIN.AX drawdown since its inception was -12.66%, smaller than the maximum ESTX.AX drawdown of -29.33%. Use the drawdown chart below to compare losses from any high point for GLIN.AX and ESTX.AX.

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Drawdown Indicators

GLIN.AXESTX.AXDifference

Max Drawdown

Largest peak-to-trough decline

-12.66%

-29.33%

+16.67%

Max Drawdown (1Y)

Largest decline over 1 year

-5.76%

-14.48%

+8.72%

Max Drawdown (3Y)

Largest decline over 3 years

-12.66%

-14.48%

+1.82%

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.60%

—

Current Drawdown

Current decline from peak

-1.16%

-2.65%

+1.49%

Average Drawdown

Average peak-to-trough decline

-2.24%

-5.29%

+3.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.87%

5.06%

-3.19%

Volatility

GLIN.AX vs. ESTX.AX - Volatility Comparison

iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.AX) and Global X EURO STOXX 50 ETF (ESTX.AX) have volatilities of 3.15% and 3.11%, 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

GLIN.AXESTX.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.15%

3.11%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

8.80%

13.59%

-4.79%

Volatility (1Y)

Calculated over the trailing 1-year period

10.72%

15.76%

-5.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.33%

16.35%

-4.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.33%

16.23%

-3.90%

Dividends

GLIN.AX vs. ESTX.AX - Dividend Comparison

GLIN.AX's dividend yield for the trailing twelve months is around 5.93%, less than ESTX.AX's 7.25% yield.

PositionTTM2025202420232022202120202019201820172016
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%
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%0.00%

Frequently Asked Questions

GLIN.AX and ESTX.AX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GLIN.AX tracks iShares Core FTSE Global Infrastructure (AUD Hedged) Index, while ESTX.AX tracks EURO STOXX 50 Index. They also come from different issuers: iShares and Global X.

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