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GMG.AX vs. IVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GMG.AX vs. IVV

Last updated Jun 4, 2026

GMG.AX (Goodman Group) is a stock, while IVV (iShares Core S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, GMG.AX returned 18.06%/yr vs 15.92%/yr for IVV. At a 0.05 correlation, their price movements are largely independent.

Performance

GMG.AX vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Goodman Group (GMG.AX) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

GMG.AX is traded in AUD, while IVV is traded in USD. To make them comparable, the IVV values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GMG.AX achieves a 2.45% return, which is significantly lower than IVV's 3.81% return. Over the past 10 years, GMG.AX has outperformed IVV with an annualized return of 18.06%, while IVV has yielded a comparatively lower 15.92% annualized return.

GMG.AX

1D
0.44%
1M
6.01%
YTD
2.45%
6M
5.71%
1Y
-2.90%
3Y*
17.92%
5Y*
10.63%
10Y*
18.06%

IVV

1D
0.00%
1M
5.59%
YTD
3.81%
6M
2.71%
1Y
16.14%
3Y*
19.38%
5Y*
15.79%
10Y*
15.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GMG.AX vs. IVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GMG.AX
Goodman Group		2.45%-12.27%41.44%47.71%-33.40%41.23%42.56%27.16%29.89%21.98%
IVV
iShares Core S&P 500 ETF		3.76%9.29%37.51%26.40%-12.75%36.31%8.00%31.68%5.75%12.48%

Correlation

The correlation between GMG.AX and IVV is 0.04, 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

0.04

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

0.08

Correlation (5Y)
Calculated over the trailing 5-year period

0.06

Correlation (10Y)
Calculated over the trailing 10-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Jul 2, 2007

0.05

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Goodman Group

iShares Core S&P 500 ETF

Often compared with GMG.AX:
GMG.AX vs. MQG.AXGMG.AX vs. TEG.DEGMG.AX vs. CTPNV.ASGMG.AX vs. LLC.AXGMG.AX vs. AOO.FGMG.AX vs. SCG.AXGMG.AX vs. MTSFY
Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L

Return for Risk

GMG.AX vs. IVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GMG.AX
GMG.AX Risk / Return Rank: 3434
Overall Rank
GMG.AX Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
GMG.AX Sortino Ratio Rank: 3131
Sortino Ratio Rank
GMG.AX Omega Ratio Rank: 3131
Omega Ratio Rank
GMG.AX Calmar Ratio Rank: 3737
Calmar Ratio Rank
GMG.AX Martin Ratio Rank: 3737
Martin Ratio Rank
IVV
IVV Risk / Return Rank: 7070
Overall Rank
IVV Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 7070
Sortino Ratio Rank
IVV Omega Ratio Rank: 7070
Omega Ratio Rank
IVV Calmar Ratio Rank: 6262
Calmar Ratio Rank
IVV Martin Ratio Rank: 7575
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.

GMG.AX vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goodman Group (GMG.AX) and iShares Core S&P 500 ETF (IVV). 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.

GMG.AXIVVDifference
Sharpe ratioReturn per unit of total volatility
-0.11
1.63

-1.74

Sortino ratioReturn per unit of downside risk
0.04
2.26

-2.22

Omega ratioGain probability vs. loss probability

1.00

1.30

-0.30

Calmar ratioReturn relative to maximum drawdown

-0.09

1.44

-1.53

Martin ratioReturn relative to average drawdown

-0.20

4.07

-4.26

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMG.AX vs. IVV - Sharpe Ratio Comparison

The current GMG.AX Sharpe Ratio is -0.11, which is lower than the IVV Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of GMG.AX and IVV, 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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Sharpe Ratios by Period

GMG.AXIVVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.11

1.63

-1.74

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.39

1.09

-0.71

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.67

0.98

-0.31

Sharpe Ratio (All Time)

Calculated using the full available price history

0.15

0.73

-0.58

Drawdowns

GMG.AX vs. IVV - Drawdown Comparison

The maximum GMG.AX drawdown since its inception was -97.46%, which is greater than IVV's maximum drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for GMG.AX and IVV.

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Drawdown Indicators

GMG.AXIVVDifference

Max Drawdown

Largest peak-to-trough decline

-97.46%

-38.93%

-58.53%

Max Drawdown (1Y)

Largest decline over 1 year

-30.44%

-11.27%

-19.17%

Max Drawdown (3Y)

Largest decline over 3 years

-34.63%

-17.50%

-17.13%

Max Drawdown (5Y)

Largest decline over 5 years

-41.15%

-21.47%

-19.68%

Max Drawdown (10Y)

Largest decline over 10 years

-41.64%

-24.67%

-16.97%

Current Drawdown

Current decline from peak

-17.08%

-0.07%

-17.01%

Average Drawdown

Average peak-to-trough decline

-45.79%

-9.37%

-36.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.68%

3.98%

+10.70%

Volatility

GMG.AX vs. IVV - Volatility Comparison

Goodman Group (GMG.AX) has a higher volatility of 8.96% compared to iShares Core S&P 500 ETF (IVV) at 1.67%. This indicates that GMG.AX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GMG.AXIVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.96%

1.67%

+7.29%

Volatility (6M)

Calculated over the trailing 6-month period

22.36%

7.43%

+14.93%

Volatility (1Y)

Calculated over the trailing 1-year period

27.07%

9.99%

+17.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.44%

14.54%

+12.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.72%

16.31%

+10.41%

Dividends

GMG.AX vs. IVV - Dividend Comparison

GMG.AX's dividend yield for the trailing twelve months is around 0.95%, less than IVV's 1.06% yield.

PositionTTM20252024202320222021202020192018201720162015
GMG.AX
Goodman Group		0.95%0.97%0.42%1.19%1.73%0.74%0.80%1.17%2.75%3.20%3.48%3.67%
IVV
iShares Core S&P 500 ETF		1.06%1.17%1.30%1.44%1.66%1.20%1.57%1.85%2.21%1.75%2.01%2.27%

Frequently Asked Questions

GMG.AX and IVV have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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