GLIN.AX vs. VMIN.AX
GLIN.AX (iShares Core FTSE Global Infrastructure (AUD Hedged) ETF) and VMIN.AX (Vanguard Global Minimum Volatility Active ETF) are both Global Equities funds. GLIN.AX is passively managed, while VMIN.AX is actively managed. Over the past 3 years, GLIN.AX returned 12.07%/yr vs 11.75%/yr for VMIN.AX. At a 0.48 correlation, their price movements are largely independent.
Performance
GLIN.AX vs. VMIN.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 VMIN.AX's 7.62% return.
GLIN.AX
- 1D
- -0.77%
- 1M
- 0.78%
- 6M
- 12.69%
- YTD
- 12.44%
- 1Y
- 17.78%
- 3Y*
- 12.07%
- 5Y*
- —
- 10Y*
- —
VMIN.AX
- 1D
- 0.10%
- 1M
- 0.24%
- 6M
- 7.73%
- YTD
- 7.62%
- 1Y
- 11.44%
- 3Y*
- 11.75%
- 5Y*
- 6.31%
- 10Y*
- —
GLIN.AX vs. VMIN.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% |
VMIN.AX Vanguard Global Minimum Volatility Active ETF | 7.62% | 12.03% | 11.45% | 4.24% |
Correlation
The correlation between GLIN.AX and VMIN.AX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.48 |
The correlation between GLIN.AX and VMIN.AX has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.
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Return for Risk
GLIN.AX vs. VMIN.AX — Risk / Return Rank
GLIN.AX
VMIN.AX
GLIN.AX vs. VMIN.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 Global Minimum Volatility Active ETF (VMIN.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 | VMIN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 2.04 | +1.15 |
| Martin ratioReturn relative to average drawdown | 9.92 | 8.77 | +1.15 |
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Drawdowns
GLIN.AX vs. VMIN.AX - Drawdown Comparison
The maximum GLIN.AX drawdown since its inception was -12.66%, smaller than the maximum VMIN.AX drawdown of -31.28%. Use the drawdown chart below to compare losses from any high point for GLIN.AX and VMIN.AX.
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Drawdown Indicators
| GLIN.AX | VMIN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.66% | -31.28% | +18.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -5.81% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -12.66% | -9.72% | -2.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.31% | — |
Current DrawdownCurrent decline from peak | -1.16% | -0.76% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -3.70% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.37% | +0.50% |
Volatility
GLIN.AX vs. VMIN.AX - Volatility Comparison
iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.AX) has a higher volatility of 3.15% compared to Vanguard Global Minimum Volatility Active ETF (VMIN.AX) at 2.52%. This indicates that GLIN.AX's price experiences larger fluctuations and is considered to be riskier than VMIN.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 | VMIN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 2.52% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 8.75% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 9.84% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.33% | 10.68% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.33% | 12.43% | -0.10% |
Dividends
GLIN.AX vs. VMIN.AX - Dividend Comparison
GLIN.AX's dividend yield for the trailing twelve months is around 5.93%, less than VMIN.AX's 11.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GLIN.AX iShares Core FTSE Global Infrastructure (AUD Hedged) ETF | 5.93% | 2.94% | 2.60% | 1.16% | 0.00% | 0.00% | 0.00% |
VMIN.AX Vanguard Global Minimum Volatility Active ETF | 11.21% | 6.54% | 0.88% | 0.00% | 0.00% | 10.76% | 4.00% |
Frequently Asked Questions
GLIN.AX and VMIN.AX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and Vanguard.
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