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

IFRA.AX vs. IHVV.AX

Last updated Jul 18, 2026
Documentation

IFRA.AX (VanEck FTSE Global Infrastructure (AUD Hedged) ETF) and IHVV.AX (iShares S&P 500 AUD Hedged ETF) are both Global Equities funds - IFRA.AX tracks the VanEck 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 10 years, IFRA.AX returned 6.53%/yr vs 13.04%/yr for IHVV.AX. At a 0.49 correlation, their price movements are largely independent.

Performance

IFRA.AX vs. IHVV.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck FTSE Global Infrastructure (AUD Hedged) ETF (IFRA.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, IFRA.AX achieves a 11.92% return, which is significantly higher than IHVV.AX's 8.13% return. Over the past 10 years, IFRA.AX has underperformed IHVV.AX with an annualized return of 6.53%, while IHVV.AX has yielded a comparatively higher 13.04% annualized return.

IFRA.AX

1D
1.17%
1M
1.68%
6M
11.35%
YTD
11.92%
1Y
17.64%
3Y*
11.93%
5Y*
6.84%
10Y*
6.53%

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)

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

2026 (YTD)202520242023202220212020201920182017
IFRA.AX
VanEck FTSE Global Infrastructure (AUD Hedged) ETF		11.92%11.93%10.70%-1.66%-4.04%16.80%-8.44%23.88%-3.41%13.75%
IHVV.AX
iShares S&P 500 AUD Hedged ETF		8.13%17.13%23.18%23.30%-20.77%28.58%11.96%29.96%-6.70%21.81%

Correlation

The correlation between IFRA.AX and IHVV.AX is 0.10, 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

0.10

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

0.24

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

0.41

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

0.49

Correlation (All Time)
Calculated using the full available price history since Apr 29, 2016

0.49

Over the past year, the correlation between IFRA.AX and IHVV.AX has dropped to 0.10 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

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VanEck FTSE Global Infrastructure (AUD Hedged) ETF

iShares S&P 500 AUD Hedged ETF

Often compared with IFRA.AX:
IFRA.AX vs. CORE.AXIFRA.AX vs. ESGI.AXIFRA.AX vs. ESTX.AXIFRA.AX vs. F100.AXIFRA.AX vs. GLIN.AXIFRA.AX vs. GRNV.AXIFRA.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

IFRA.AX vs. IHVV.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IFRA.AX
IFRA.AX Risk / Return Rank: 6565
Overall Rank
IFRA.AX Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
IFRA.AX Sortino Ratio Rank: 6363
Sortino Ratio Rank
IFRA.AX Omega Ratio Rank: 6060
Omega Ratio Rank
IFRA.AX Calmar Ratio Rank: 7979
Calmar Ratio Rank
IFRA.AX Martin Ratio Rank: 6060
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.

IFRA.AX vs. IHVV.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck FTSE Global Infrastructure (AUD Hedged) ETF (IFRA.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.

IFRA.AXIHVV.AXDifference
Sharpe ratioReturn per unit of total volatility
1.55
1.37

+0.18

Sortino ratioReturn per unit of downside risk
2.23
1.94

+0.29

Omega ratioGain probability vs. loss probability

1.28

1.26

+0.02

Calmar ratioReturn relative to maximum drawdown

3.05

2.04

+1.01

Martin ratioReturn relative to average drawdown

7.84

8.25

-0.41

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

The current IFRA.AX Sharpe Ratio is 1.55, which is comparable to the IHVV.AX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of IFRA.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

IFRA.AX vs. IHVV.AX - Drawdown Comparison

The maximum IFRA.AX drawdown since its inception was -36.36%, roughly equal to the maximum IHVV.AX drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for IFRA.AX and IHVV.AX.

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Drawdown Indicators

IFRA.AXIHVV.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.36%

-36.07%

-0.29%

Max Drawdown (1Y)

Largest decline over 1 year

-5.54%

-9.02%

+3.48%

Max Drawdown (3Y)

Largest decline over 3 years

-12.79%

-20.47%

+7.68%

Max Drawdown (5Y)

Largest decline over 5 years

-21.19%

-26.64%

+5.45%

Max Drawdown (10Y)

Largest decline over 10 years

-36.36%

-36.07%

-0.29%

Current Drawdown

Current decline from peak

-0.50%

-1.72%

+1.22%

Average Drawdown

Average peak-to-trough decline

-6.01%

-4.81%

-1.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.20%

2.27%

-0.07%

Volatility

IFRA.AX vs. IHVV.AX - Volatility Comparison

VanEck FTSE Global Infrastructure (AUD Hedged) ETF (IFRA.AX) has a higher volatility of 3.75% compared to iShares S&P 500 AUD Hedged ETF (IHVV.AX) at 3.11%. This indicates that IFRA.AX's price experiences larger fluctuations and is considered to be riskier than IHVV.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IFRA.AXIHVV.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.75%

3.11%

+0.64%

Volatility (6M)

Calculated over the trailing 6-month period

9.18%

11.06%

-1.88%

Volatility (1Y)

Calculated over the trailing 1-year period

10.97%

13.48%

-2.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.31%

17.69%

-3.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.07%

18.95%

-3.88%

Dividends

IFRA.AX vs. IHVV.AX - Dividend Comparison

IFRA.AX's dividend yield for the trailing twelve months is around 2.20%, less than IHVV.AX's 4.14% yield.

PositionTTM20252024202320222021202020192018201720162015
IFRA.AX
VanEck FTSE Global Infrastructure (AUD Hedged) ETF		2.20%3.15%1.61%2.51%2.31%2.93%3.58%3.29%2.91%2.11%1.60%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

IFRA.AX and IHVV.AX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IFRA.AX tracks VanEck FTSE Global Infrastructure (AUD Hedged) Index, while IHVV.AX tracks iShares S&P 500 AUD Hedged Index. They also come from different issuers: VanEck and iShares.

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