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

IFRA.AX vs. IVE.AX

Last updated Jul 18, 2026
Documentation

IFRA.AX (VanEck FTSE Global Infrastructure (AUD Hedged) ETF) and IVE.AX (iShares MSCI EAFE ETF (AU)) are both Global Equities funds - IFRA.AX tracks the VanEck FTSE Global Infrastructure (AUD Hedged) Index while IVE.AX tracks the iShares MSCI EAFE Index. Both are passively managed. Over the past 10 years, IFRA.AX returned 6.53%/yr vs 9.87%/yr for IVE.AX. At a 0.40 correlation, their price movements are largely independent.

Performance

IFRA.AX vs. IVE.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 MSCI EAFE ETF (AU) (IVE.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 IVE.AX's 3.52% return. Over the past 10 years, IFRA.AX has underperformed IVE.AX with an annualized return of 6.53%, while IVE.AX has yielded a comparatively higher 9.87% 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%

IVE.AX

1D
-1.72%
1M
-1.09%
6M
0.19%
YTD
3.52%
1Y
10.92%
3Y*
12.87%
5Y*
9.77%
10Y*
9.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IFRA.AX vs. IVE.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%
IVE.AX
iShares MSCI EAFE ETF (AU)		3.52%21.53%11.29%16.82%-6.23%16.98%-0.38%22.82%-3.05%14.57%

Correlation

The correlation between IFRA.AX and IVE.AX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.25

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

0.31

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

0.37

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 IVE.AX shifts across timeframes, from 0.25 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.

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VanEck FTSE Global Infrastructure (AUD Hedged) ETF

iShares MSCI EAFE ETF (AU)

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 IVE.AX:
IVE.AX vs. AUMF.AXIVE.AX vs. BILL.AXIVE.AX vs. CORE.AXIVE.AX vs. ESGI.AXIVE.AX vs. ESTX.AXIVE.AX vs. F100.AXIVE.AX vs. GLDN.AX

Return for Risk

IFRA.AX vs. IVE.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
IVE.AX
IVE.AX Risk / Return Rank: 3030
Overall Rank
IVE.AX Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
IVE.AX Sortino Ratio Rank: 3030
Sortino Ratio Rank
IVE.AX Omega Ratio Rank: 3131
Omega Ratio Rank
IVE.AX Calmar Ratio Rank: 2727
Calmar Ratio Rank
IVE.AX Martin Ratio Rank: 3131
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. IVE.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 MSCI EAFE ETF (AU) (IVE.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.AXIVE.AXDifference
Sharpe ratioReturn per unit of total volatility
1.55
0.85

+0.70

Sortino ratioReturn per unit of downside risk
2.23
1.26

+0.97

Omega ratioGain probability vs. loss probability

1.28

1.17

+0.11

Calmar ratioReturn relative to maximum drawdown

3.05

0.99

+2.06

Martin ratioReturn relative to average drawdown

7.84

3.36

+4.48

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

The current IFRA.AX Sharpe Ratio is 1.55, which is higher than the IVE.AX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of IFRA.AX and IVE.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. IVE.AX - Drawdown Comparison

The maximum IFRA.AX drawdown since its inception was -36.36%, smaller than the maximum IVE.AX drawdown of -45.63%. Use the drawdown chart below to compare losses from any high point for IFRA.AX and IVE.AX.

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Drawdown Indicators

IFRA.AXIVE.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.36%

-45.63%

+9.27%

Max Drawdown (1Y)

Largest decline over 1 year

-5.54%

-10.66%

+5.12%

Max Drawdown (3Y)

Largest decline over 3 years

-12.79%

-10.66%

-2.13%

Max Drawdown (5Y)

Largest decline over 5 years

-21.19%

-19.28%

-1.91%

Max Drawdown (10Y)

Largest decline over 10 years

-36.36%

-24.20%

-12.16%

Current Drawdown

Current decline from peak

-0.50%

-3.35%

+2.85%

Average Drawdown

Average peak-to-trough decline

-6.01%

-13.68%

+7.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.20%

3.18%

-0.98%

Volatility

IFRA.AX vs. IVE.AX - Volatility Comparison

VanEck FTSE Global Infrastructure (AUD Hedged) ETF (IFRA.AX) has a higher volatility of 3.75% compared to iShares MSCI EAFE ETF (AU) (IVE.AX) at 3.31%. This indicates that IFRA.AX's price experiences larger fluctuations and is considered to be riskier than IVE.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.AXIVE.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.75%

3.31%

+0.44%

Volatility (6M)

Calculated over the trailing 6-month period

9.18%

10.99%

-1.81%

Volatility (1Y)

Calculated over the trailing 1-year period

10.97%

12.52%

-1.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.31%

12.14%

+2.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.07%

12.77%

+2.30%

Dividends

IFRA.AX vs. IVE.AX - Dividend Comparison

IFRA.AX's dividend yield for the trailing twelve months is around 2.20%, less than IVE.AX's 3.65% yield.

PositionTTM2025202420232022202120202019201820172016
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%
IVE.AX
iShares MSCI EAFE ETF (AU)		3.65%3.54%1.59%2.76%3.74%3.49%2.53%4.82%3.37%1.17%0.00%

Frequently Asked Questions

IFRA.AX and IVE.AX have a correlation of 0.25, 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 IVE.AX tracks iShares MSCI EAFE Index. They also come from different issuers: VanEck and iShares.

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