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

GLIN.AX vs. IHVV.AX

Last updated Jul 18, 2026
Documentation

GLIN.AX (iShares Core FTSE Global Infrastructure (AUD Hedged) ETF) and IHVV.AX (iShares S&P 500 AUD Hedged ETF) are both Global Equities funds from iShares - GLIN.AX tracks the iShares Core FTSE Global Infrastructure (AUD Hedged) Index while IHVV.AX tracks the iShares S&P 500 AUD Hedged Index. Both are passively managed. Over the past 3 years, GLIN.AX returned 13.04%/yr vs 17.98%/yr for IHVV.AX. At a 0.23 correlation, their price movements are largely independent.

Performance

GLIN.AX vs. IHVV.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 iShares S&P 500 AUD Hedged ETF (IHVV.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 13.94% return, which is significantly higher than IHVV.AX's 8.13% return.

GLIN.AX

1D
1.33%
1M
2.38%
6M
12.31%
YTD
13.94%
1Y
19.56%
3Y*
13.04%
5Y*
—
10Y*
—

IHVV.AX

1D
-1.48%
1M
-0.83%
6M
6.89%
YTD
8.13%
1Y
19.00%
3Y*
17.98%
5Y*
10.80%
10Y*
13.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023
GLIN.AX
iShares Core FTSE Global Infrastructure (AUD Hedged) ETF		13.94%12.04%12.01%0.06%
IHVV.AX
iShares S&P 500 AUD Hedged ETF		8.13%17.13%23.18%14.22%

Correlation

The correlation between GLIN.AX and IHVV.AX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.11

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

0.24

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

0.23

The correlation between GLIN.AX and IHVV.AX shifts across timeframes, from 0.11 (1 year) to 0.24 (3 years), reflecting how their relationship changes across market environments.

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iShares Core FTSE Global Infrastructure (AUD Hedged) ETF

iShares S&P 500 AUD Hedged ETF

Often compared with GLIN.AX:
GLIN.AX vs. AUMF.AXGLIN.AX vs. BILL.AXGLIN.AX vs. CORE.AXGLIN.AX vs. ESGI.AXGLIN.AX vs. ESTX.AXGLIN.AX vs. F100.AXGLIN.AX vs. HGEN.AX
Often compared with IHVV.AX:
IHVV.AX vs. BILL.AXIHVV.AX vs. ISEC.AXIHVV.AX vs. OOO.AXIHVV.AX vs. AUMF.AXIHVV.AX vs. CORE.AXIHVV.AX vs. ESGI.AXIHVV.AX vs. ESTX.AX

Return for Risk

GLIN.AX vs. IHVV.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: 7575
Overall Rank
GLIN.AX Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
GLIN.AX Sortino Ratio Rank: 7373
Sortino Ratio Rank
GLIN.AX Omega Ratio Rank: 7070
Omega Ratio Rank
GLIN.AX Calmar Ratio Rank: 8383
Calmar Ratio Rank
GLIN.AX Martin Ratio Rank: 7575
Martin Ratio Rank
IHVV.AX
IHVV.AX Risk / Return Rank: 5555
Overall Rank
IHVV.AX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
IHVV.AX Sortino Ratio Rank: 5252
Sortino Ratio Rank
IHVV.AX Omega Ratio Rank: 5454
Omega Ratio Rank
IHVV.AX Calmar Ratio Rank: 5454
Calmar Ratio Rank
IHVV.AX Martin Ratio Rank: 6363
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. IHVV.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 S&P 500 AUD Hedged ETF (IHVV.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.AXIHVV.AXDifference
Sharpe ratioReturn per unit of total volatility
1.77
1.37

+0.40

Sortino ratioReturn per unit of downside risk
2.49
1.94

+0.55

Omega ratioGain probability vs. loss probability

1.31

1.26

+0.05

Calmar ratioReturn relative to maximum drawdown

3.30

2.04

+1.25

Martin ratioReturn relative to average drawdown

10.27

8.25

+2.02

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

The current GLIN.AX Sharpe Ratio is 1.77, which is comparable to the IHVV.AX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of GLIN.AX and IHVV.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. IHVV.AX - Drawdown Comparison

The maximum GLIN.AX drawdown since its inception was -12.66%, smaller than the maximum IHVV.AX drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for GLIN.AX and IHVV.AX.

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Drawdown Indicators

GLIN.AXIHVV.AXDifference

Max Drawdown

Largest peak-to-trough decline

-12.66%

-36.07%

+23.41%

Max Drawdown (1Y)

Largest decline over 1 year

-5.76%

-9.02%

+3.26%

Max Drawdown (3Y)

Largest decline over 3 years

-12.66%

-20.47%

+7.81%

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.64%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.07%

—

Current Drawdown

Current decline from peak

0.00%

-1.72%

+1.72%

Average Drawdown

Average peak-to-trough decline

-2.24%

-4.81%

+2.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.87%

2.27%

-0.40%

Volatility

GLIN.AX vs. IHVV.AX - Volatility Comparison

iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.AX) and iShares S&P 500 AUD Hedged ETF (IHVV.AX) have volatilities of 3.11% 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.AXIHVV.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.11%

3.11%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

8.89%

11.06%

-2.17%

Volatility (1Y)

Calculated over the trailing 1-year period

10.75%

13.48%

-2.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.34%

17.69%

-5.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.34%

18.95%

-6.61%

Dividends

GLIN.AX vs. IHVV.AX - Dividend Comparison

GLIN.AX's dividend yield for the trailing twelve months is around 5.85%, more than IHVV.AX's 4.14% yield.

PositionTTM20252024202320222021202020192018201720162015
GLIN.AX
iShares Core FTSE Global Infrastructure (AUD Hedged) ETF		5.85%2.94%2.60%1.16%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IHVV.AX
iShares S&P 500 AUD Hedged ETF		4.14%0.79%0.92%1.30%1.52%19.67%1.64%0.00%3.20%1.74%0.57%1.84%

Frequently Asked Questions

GLIN.AX and IHVV.AX have a correlation of 0.11, 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 IHVV.AX tracks iShares S&P 500 AUD Hedged Index.

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