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IHD.AX vs. WDIV.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHD.AX vs. WDIV.AX

Last updated Jul 16, 2026
Documentation

IHD.AX (iShares S&P/ASX Dividend Opportunities ESG Screened ETF) and WDIV.AX (SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF) are both Dividend funds - IHD.AX tracks the iShares S&P/ASX Dividend Opportunities ESG Screened Index while WDIV.AX tracks the SPDR Index. Both are passively managed. Over the past 10 years, IHD.AX returned 8.02%/yr vs 7.87%/yr for WDIV.AX. At a 0.41 correlation, their price movements are largely independent.

Performance

IHD.AX vs. WDIV.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD.AX) and SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF (WDIV.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, IHD.AX achieves a 6.05% return, which is significantly lower than WDIV.AX's 6.44% return. Both investments have delivered pretty close results over the past 10 years, with IHD.AX having a 8.02% annualized return and WDIV.AX not far behind at 7.87%.

IHD.AX

1D
-0.06%
1M
-1.76%
6M
5.07%
YTD
6.05%
1Y
18.31%
3Y*
14.60%
5Y*
9.20%
10Y*
8.02%

WDIV.AX

1D
0.47%
1M
1.59%
6M
5.52%
YTD
6.44%
1Y
12.96%
3Y*
15.59%
5Y*
9.61%
10Y*
7.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHD.AX vs. WDIV.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IHD.AX
iShares S&P/ASX Dividend Opportunities ESG Screened ETF		6.05%20.16%7.98%13.98%-0.62%10.21%-3.33%24.74%-10.48%8.59%
WDIV.AX
SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF		6.44%19.30%15.11%5.95%-0.52%20.51%-17.75%18.87%1.84%7.10%

Correlation

The correlation between IHD.AX and WDIV.AX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.33

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

0.36

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

0.38

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

0.42

Correlation (All Time)
Calculated using the full available price history since Nov 1, 2013

0.41

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iShares S&P/ASX Dividend Opportunities ESG Screened ETF

SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF

Return for Risk

IHD.AX vs. WDIV.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IHD.AX
IHD.AX Risk / Return Rank: 5757
Overall Rank
IHD.AX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
IHD.AX Sortino Ratio Rank: 5454
Sortino Ratio Rank
IHD.AX Omega Ratio Rank: 5353
Omega Ratio Rank
IHD.AX Calmar Ratio Rank: 6666
Calmar Ratio Rank
IHD.AX Martin Ratio Rank: 5959
Martin Ratio Rank
WDIV.AX
WDIV.AX Risk / Return Rank: 4141
Overall Rank
WDIV.AX Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
WDIV.AX Sortino Ratio Rank: 4141
Sortino Ratio Rank
WDIV.AX Omega Ratio Rank: 4444
Omega Ratio Rank
WDIV.AX Calmar Ratio Rank: 4141
Calmar Ratio Rank
WDIV.AX Martin Ratio Rank: 3838
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.

IHD.AX vs. WDIV.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD.AX) and SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF (WDIV.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.

IHD.AXWDIV.AXDifference
Sharpe ratioReturn per unit of total volatility
1.51
1.16

+0.35

Sortino ratioReturn per unit of downside risk
2.15
1.79

+0.35

Omega ratioGain probability vs. loss probability

1.27

1.24

+0.03

Calmar ratioReturn relative to maximum drawdown

2.67

1.72

+0.95

Martin ratioReturn relative to average drawdown

8.30

4.90

+3.40

IHD.AX vs. WDIV.AX - Sharpe Ratio Comparison

The current IHD.AX Sharpe Ratio is 1.51, which is higher than the WDIV.AX Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of IHD.AX and WDIV.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

IHD.AX vs. WDIV.AX - Drawdown Comparison

The maximum IHD.AX drawdown since its inception was -36.45%, which is greater than WDIV.AX's maximum drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for IHD.AX and WDIV.AX.

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Drawdown Indicators

IHD.AXWDIV.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.45%

-32.49%

-3.96%

Max Drawdown (1Y)

Largest decline over 1 year

-7.00%

-7.29%

+0.29%

Max Drawdown (3Y)

Largest decline over 3 years

-10.58%

-7.29%

-3.29%

Max Drawdown (5Y)

Largest decline over 5 years

-14.00%

-10.93%

-3.07%

Max Drawdown (10Y)

Largest decline over 10 years

-36.45%

-32.49%

-3.96%

Current Drawdown

Current decline from peak

-1.76%

0.00%

-1.76%

Average Drawdown

Average peak-to-trough decline

-5.61%

-5.10%

-0.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

2.59%

-0.31%

Volatility

IHD.AX vs. WDIV.AX - Volatility Comparison

The current volatility for iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD.AX) is 2.23%, while SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF (WDIV.AX) has a volatility of 2.65%. This indicates that IHD.AX experiences smaller price fluctuations and is considered to be less risky than WDIV.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IHD.AXWDIV.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.23%

2.65%

-0.42%

Volatility (6M)

Calculated over the trailing 6-month period

9.68%

7.21%

+2.47%

Volatility (1Y)

Calculated over the trailing 1-year period

12.40%

10.81%

+1.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.00%

10.22%

+2.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.97%

12.00%

+2.97%

Dividends

IHD.AX vs. WDIV.AX - Dividend Comparison

IHD.AX's dividend yield for the trailing twelve months is around 4.03%, less than WDIV.AX's 10.47% yield.

PositionTTM20252024202320222021202020192018201720162015
IHD.AX
iShares S&P/ASX Dividend Opportunities ESG Screened ETF		4.03%4.16%5.53%4.56%6.57%5.33%1.93%6.41%6.10%4.91%3.79%6.85%
WDIV.AX
SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF		10.47%7.31%2.90%4.72%4.45%4.11%5.81%4.95%7.54%3.96%3.92%8.97%

Frequently Asked Questions

IHD.AX and WDIV.AX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IHD.AX tracks iShares S&P/ASX Dividend Opportunities ESG Screened Index, while WDIV.AX tracks SPDR Index. They also come from different issuers: iShares and SPDR.

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