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

IFRA.AX vs. ILC.AX

Last updated Jul 18, 2026
Documentation

IFRA.AX (VanEck FTSE Global Infrastructure (AUD Hedged) ETF) and ILC.AX (iShares S&P/ASX 20 ETF) are both Global Equities funds - IFRA.AX tracks the VanEck FTSE Global Infrastructure (AUD Hedged) Index while ILC.AX tracks the iShares S&P/ASX 20 Index. Both are passively managed. Over the past 10 years, IFRA.AX returned 6.53%/yr vs 9.53%/yr for ILC.AX. At a 0.40 correlation, their price movements are largely independent.

Performance

IFRA.AX vs. ILC.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/ASX 20 ETF (ILC.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 ILC.AX's 8.74% return. Over the past 10 years, IFRA.AX has underperformed ILC.AX with an annualized return of 6.53%, while ILC.AX has yielded a comparatively higher 9.53% 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%

ILC.AX

1D
-0.83%
1M
-0.75%
6M
6.79%
YTD
8.74%
1Y
10.10%
3Y*
12.16%
5Y*
8.79%
10Y*
9.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IFRA.AX vs. ILC.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%
ILC.AX
iShares S&P/ASX 20 ETF		8.74%7.10%11.42%12.56%3.62%15.87%0.87%20.21%-0.14%6.77%

Correlation

The correlation between IFRA.AX and ILC.AX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.31

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

0.37

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

0.42

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

0.40

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

0.40

The correlation between IFRA.AX and ILC.AX shifts across timeframes, from 0.31 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.

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VanEck FTSE Global Infrastructure (AUD Hedged) ETF

iShares S&P/ASX 20 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 ILC.AX:
ILC.AX vs. AUMF.AXILC.AX vs. BILL.AXILC.AX vs. GLIN.AXILC.AX vs. IAA.AXILC.AX vs. IHOO.AXILC.AX vs. IKO.AXILC.AX vs. ILB.AX

Return for Risk

IFRA.AX vs. ILC.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
ILC.AX
ILC.AX Risk / Return Rank: 2727
Overall Rank
ILC.AX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
ILC.AX Sortino Ratio Rank: 2424
Sortino Ratio Rank
ILC.AX Omega Ratio Rank: 2323
Omega Ratio Rank
ILC.AX Calmar Ratio Rank: 3333
Calmar Ratio Rank
ILC.AX Martin Ratio Rank: 2828
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. ILC.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/ASX 20 ETF (ILC.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.AXILC.AXDifference
Sharpe ratioReturn per unit of total volatility
1.55
0.66

+0.89

Sortino ratioReturn per unit of downside risk
2.23
1.04

+1.19

Omega ratioGain probability vs. loss probability

1.28

1.12

+0.15

Calmar ratioReturn relative to maximum drawdown

3.05

1.30

+1.76

Martin ratioReturn relative to average drawdown

7.84

2.88

+4.96

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

The current IFRA.AX Sharpe Ratio is 1.55, which is higher than the ILC.AX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of IFRA.AX and ILC.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. ILC.AX - Drawdown Comparison

The maximum IFRA.AX drawdown since its inception was -36.36%, which is greater than ILC.AX's maximum drawdown of -31.95%. Use the drawdown chart below to compare losses from any high point for IFRA.AX and ILC.AX.

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Drawdown Indicators

IFRA.AXILC.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.36%

-31.95%

-4.41%

Max Drawdown (1Y)

Largest decline over 1 year

-5.54%

-7.57%

+2.03%

Max Drawdown (3Y)

Largest decline over 3 years

-12.79%

-13.62%

+0.83%

Max Drawdown (5Y)

Largest decline over 5 years

-21.19%

-14.27%

-6.92%

Max Drawdown (10Y)

Largest decline over 10 years

-36.36%

-31.95%

-4.41%

Current Drawdown

Current decline from peak

-0.50%

-2.09%

+1.59%

Average Drawdown

Average peak-to-trough decline

-6.01%

-5.43%

-0.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.20%

3.44%

-1.24%

Volatility

IFRA.AX vs. ILC.AX - Volatility Comparison

VanEck FTSE Global Infrastructure (AUD Hedged) ETF (IFRA.AX) has a higher volatility of 3.75% compared to iShares S&P/ASX 20 ETF (ILC.AX) at 3.16%. This indicates that IFRA.AX's price experiences larger fluctuations and is considered to be riskier than ILC.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.AXILC.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.75%

3.16%

+0.59%

Volatility (6M)

Calculated over the trailing 6-month period

9.18%

10.72%

-1.54%

Volatility (1Y)

Calculated over the trailing 1-year period

10.97%

15.00%

-4.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.31%

13.78%

+0.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.07%

15.10%

-0.03%

Dividends

IFRA.AX vs. ILC.AX - Dividend Comparison

IFRA.AX's dividend yield for the trailing twelve months is around 2.20%, less than ILC.AX's 3.76% 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%
ILC.AX
iShares S&P/ASX 20 ETF		3.76%4.04%4.49%4.01%6.95%3.91%1.96%5.38%4.99%4.99%4.55%5.50%

Frequently Asked Questions

IFRA.AX and ILC.AX have a correlation of 0.31, 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 ILC.AX tracks iShares S&P/ASX 20 Index. They also come from different issuers: VanEck and iShares.

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