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

GLIN.AX vs. VGS.AX

Last updated Jul 16, 2026
Documentation

GLIN.AX (iShares Core FTSE Global Infrastructure (AUD Hedged) ETF) and VGS.AX (Vanguard MSCI Index International Shares ETF) are both Global Equities funds - GLIN.AX tracks the iShares Core FTSE Global Infrastructure (AUD Hedged) Index while VGS.AX tracks the Vanguard MSCI Index International Shares Index. Both are passively managed. Over the past 3 years, GLIN.AX returned 12.07%/yr vs 17.60%/yr for VGS.AX. At a 0.17 correlation, their price movements are largely independent.

Performance

GLIN.AX vs. VGS.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 Vanguard MSCI Index International Shares ETF (VGS.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 VGS.AX's 5.31% return.

GLIN.AX

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

VGS.AX

1D
-0.01%
1M
1.72%
6M
4.14%
YTD
5.31%
1Y
13.66%
3Y*
17.60%
5Y*
12.49%
10Y*
13.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GLIN.AX vs. VGS.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%
VGS.AX
Vanguard MSCI Index International Shares ETF		5.31%12.89%29.23%10.32%

Correlation

The correlation between GLIN.AX and VGS.AX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.18

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

0.19

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

0.17

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iShares Core FTSE Global Infrastructure (AUD Hedged) ETF

Vanguard MSCI Index International Shares ETF

Return for Risk

GLIN.AX vs. VGS.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
VGS.AX
VGS.AX Risk / Return Rank: 4242
Overall Rank
VGS.AX Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
VGS.AX Sortino Ratio Rank: 4747
Sortino Ratio Rank
VGS.AX Omega Ratio Rank: 5252
Omega Ratio Rank
VGS.AX Calmar Ratio Rank: 3030
Calmar Ratio Rank
VGS.AX Martin Ratio Rank: 3232
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. VGS.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 Vanguard MSCI Index International Shares ETF (VGS.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.AXVGS.AXDifference
Sharpe ratioReturn per unit of total volatility
1.72
1.41

+0.31

Sortino ratioReturn per unit of downside risk
2.41
1.98

+0.43

Omega ratioGain probability vs. loss probability

1.30

1.27

+0.03

Calmar ratioReturn relative to maximum drawdown

3.19

1.28

+1.91

Martin ratioReturn relative to average drawdown

9.92

3.83

+6.09

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

The current GLIN.AX Sharpe Ratio is 1.72, which is comparable to the VGS.AX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of GLIN.AX and VGS.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. VGS.AX - Drawdown Comparison

The maximum GLIN.AX drawdown since its inception was -12.66%, smaller than the maximum VGS.AX drawdown of -23.39%. Use the drawdown chart below to compare losses from any high point for GLIN.AX and VGS.AX.

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Drawdown Indicators

GLIN.AXVGS.AXDifference

Max Drawdown

Largest peak-to-trough decline

-12.66%

-23.39%

+10.73%

Max Drawdown (1Y)

Largest decline over 1 year

-5.76%

-10.72%

+4.96%

Max Drawdown (3Y)

Largest decline over 3 years

-12.66%

-13.82%

+1.16%

Max Drawdown (5Y)

Largest decline over 5 years

—

-20.53%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-23.39%

—

Current Drawdown

Current decline from peak

-1.16%

-0.36%

-0.80%

Average Drawdown

Average peak-to-trough decline

-2.24%

-4.18%

+1.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.87%

3.65%

-1.78%

Volatility

GLIN.AX vs. VGS.AX - Volatility Comparison

iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.AX) has a higher volatility of 3.15% compared to Vanguard MSCI Index International Shares ETF (VGS.AX) at 2.21%. This indicates that GLIN.AX's price experiences larger fluctuations and is considered to be riskier than VGS.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.AXVGS.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.15%

2.21%

+0.94%

Volatility (6M)

Calculated over the trailing 6-month period

8.80%

7.83%

+0.97%

Volatility (1Y)

Calculated over the trailing 1-year period

10.72%

9.77%

+0.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.33%

12.41%

-0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.33%

12.92%

-0.59%

Dividends

GLIN.AX vs. VGS.AX - Dividend Comparison

GLIN.AX's dividend yield for the trailing twelve months is around 5.93%, more than VGS.AX's 0.97% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
VGS.AX
Vanguard MSCI Index International Shares ETF		0.97%2.49%1.76%1.82%1.42%1.75%2.24%2.42%2.19%2.25%3.29%2.35%

Frequently Asked Questions

GLIN.AX and VGS.AX have a correlation of 0.18, 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 VGS.AX tracks Vanguard MSCI Index International Shares Index. They also come from different issuers: iShares and Vanguard.

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