IGB.AX vs. GLIN.AX
IGB.AX (iShares Treasury ETF) and GLIN.AX (iShares Core FTSE Global Infrastructure (AUD Hedged) ETF) are both exchange-traded funds - IGB.AX is a Government Bonds fund tracking the iShares Treasury Index, while GLIN.AX is a Global Equities fund tracking the iShares Core FTSE Global Infrastructure (AUD Hedged) Index. Both are passively managed. Over the past 3 years, IGB.AX returned 2.86%/yr vs 12.07%/yr for GLIN.AX. At a 0.24 correlation, their price movements are largely independent.
Performance
IGB.AX vs. GLIN.AX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGB.AX achieves a 1.50% return, which is significantly lower than GLIN.AX's 12.44% return.
IGB.AX
- 1D
- 0.15%
- 1M
- 0.05%
- 6M
- 1.25%
- YTD
- 1.50%
- 1Y
- 1.15%
- 3Y*
- 2.86%
- 5Y*
- -0.71%
- 10Y*
- 0.98%
GLIN.AX
- 1D
- -0.77%
- 1M
- 0.78%
- 6M
- 12.69%
- YTD
- 12.44%
- 1Y
- 17.78%
- 3Y*
- 12.07%
- 5Y*
- —
- 10Y*
- —
IGB.AX vs. GLIN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IGB.AX iShares Treasury ETF | 1.50% | 2.62% | 1.90% | 0.06% |
GLIN.AX iShares Core FTSE Global Infrastructure (AUD Hedged) ETF | 12.44% | 12.04% | 12.01% | 0.06% |
Correlation
The correlation between IGB.AX and GLIN.AX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGB.AX vs. GLIN.AX — Risk / Return Rank
IGB.AX
GLIN.AX
IGB.AX vs. GLIN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury ETF (IGB.AX) and iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.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.
| IGB.AX | GLIN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.30 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 3.19 | -2.88 |
| Martin ratioReturn relative to average drawdown | 0.59 | 9.92 | -9.33 |
Loading charts...
Drawdowns
IGB.AX vs. GLIN.AX - Drawdown Comparison
The maximum IGB.AX drawdown since its inception was -16.94%, which is greater than GLIN.AX's maximum drawdown of -12.66%. Use the drawdown chart below to compare losses from any high point for IGB.AX and GLIN.AX.
Loading charts...
Drawdown Indicators
| IGB.AX | GLIN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.94% | -12.66% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -5.76% | +1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -12.66% | +8.74% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.94% | — | — |
Current DrawdownCurrent decline from peak | -5.71% | -1.16% | -4.55% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -2.24% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.87% | +0.18% |
Volatility
IGB.AX vs. GLIN.AX - Volatility Comparison
The current volatility for iShares Treasury ETF (IGB.AX) is 0.85%, while iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.AX) has a volatility of 3.15%. This indicates that IGB.AX experiences smaller price fluctuations and is considered to be less risky than GLIN.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGB.AX | GLIN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 3.15% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 8.80% | -5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 10.72% | -6.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.40% | 12.33% | -6.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 12.33% | -7.31% |
Dividends
IGB.AX vs. GLIN.AX - Dividend Comparison
IGB.AX's dividend yield for the trailing twelve months is around 2.60%, less than GLIN.AX's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIN.AX iShares Core FTSE Global Infrastructure (AUD Hedged) ETF | 5.93% | 2.94% | 2.60% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGB.AX iShares Treasury ETF | 2.60% | 3.10% | 2.47% | 1.63% | 0.80% | 1.20% | 2.47% | 1.54% | 1.56% | 2.11% | 2.09% | 5.81% |
Frequently Asked Questions
IGB.AX and GLIN.AX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGB.AX is categorized as Government Bonds, while GLIN.AX is Global Equities. IGB.AX tracks iShares Treasury Index, while GLIN.AX tracks iShares Core FTSE Global Infrastructure (AUD Hedged) Index.
Find the right allocation for IGB.AX and GLIN.AX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer