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

IHD.AX vs. WVOL.AX

Last updated Jul 16, 2026
Documentation

IHD.AX (iShares S&P/ASX Dividend Opportunities ESG Screened ETF) and WVOL.AX (iShares MSCI World ex Australia Minimum Volatility ETF) are both exchange-traded funds - IHD.AX is a Dividend fund tracking the iShares S&P/ASX Dividend Opportunities ESG Screened Index, while WVOL.AX is a Global Equities fund tracking the iShares MSCI World ex Australia Minimum Volatility Index. Both are passively managed. Over the past 5 years, IHD.AX returned 9.20%/yr vs 8.01%/yr for WVOL.AX. At a 0.33 correlation, their price movements are largely independent.

Performance

IHD.AX vs. WVOL.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 iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.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 higher than WVOL.AX's 1.58% return.

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%

WVOL.AX

1D
-0.73%
1M
0.44%
6M
1.08%
YTD
1.58%
1Y
5.79%
3Y*
11.42%
5Y*
8.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHD.AX vs. WVOL.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%
WVOL.AX
iShares MSCI World ex Australia Minimum Volatility ETF		1.58%10.13%20.75%5.37%-3.23%21.37%-6.48%23.83%5.64%9.58%

Correlation

The correlation between IHD.AX and WVOL.AX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.30

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

0.22

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

0.32

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2016

0.33

The correlation between IHD.AX and WVOL.AX shifts across timeframes, from 0.22 (3 years) to 0.33 (all time), reflecting how their relationship changes across market environments.

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iShares S&P/ASX Dividend Opportunities ESG Screened ETF

iShares MSCI World ex Australia Minimum Volatility ETF

Return for Risk

IHD.AX vs. WVOL.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
WVOL.AX
WVOL.AX Risk / Return Rank: 2727
Overall Rank
WVOL.AX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
WVOL.AX Sortino Ratio Rank: 2727
Sortino Ratio Rank
WVOL.AX Omega Ratio Rank: 2424
Omega Ratio Rank
WVOL.AX Calmar Ratio Rank: 2828
Calmar Ratio Rank
WVOL.AX Martin Ratio Rank: 2727
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. WVOL.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 iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.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.AXWVOL.AXDifference
Sharpe ratioReturn per unit of total volatility
1.51
0.83

+0.68

Sortino ratioReturn per unit of downside risk
2.15
1.26

+0.89

Omega ratioGain probability vs. loss probability

1.27

1.15

+0.13

Calmar ratioReturn relative to maximum drawdown

2.67

1.17

+1.50

Martin ratioReturn relative to average drawdown

8.30

2.93

+5.37

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

The current IHD.AX Sharpe Ratio is 1.51, which is higher than the WVOL.AX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of IHD.AX and WVOL.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. WVOL.AX - Drawdown Comparison

The maximum IHD.AX drawdown since its inception was -36.45%, which is greater than WVOL.AX's maximum drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for IHD.AX and WVOL.AX.

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Drawdown Indicators

IHD.AXWVOL.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.45%

-21.05%

-15.40%

Max Drawdown (1Y)

Largest decline over 1 year

-7.00%

-5.56%

-1.44%

Max Drawdown (3Y)

Largest decline over 3 years

-10.58%

-5.92%

-4.66%

Max Drawdown (5Y)

Largest decline over 5 years

-14.00%

-12.52%

-1.48%

Max Drawdown (10Y)

Largest decline over 10 years

-36.45%

—

—

Current Drawdown

Current decline from peak

-1.76%

-1.83%

+0.07%

Average Drawdown

Average peak-to-trough decline

-5.61%

-3.70%

-1.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

2.24%

+0.04%

Volatility

IHD.AX vs. WVOL.AX - Volatility Comparison

iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD.AX) and iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX) have volatilities of 2.23% and 2.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IHD.AXWVOL.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.23%

2.31%

-0.08%

Volatility (6M)

Calculated over the trailing 6-month period

9.68%

6.26%

+3.42%

Volatility (1Y)

Calculated over the trailing 1-year period

12.40%

7.90%

+4.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.00%

9.41%

+3.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.97%

11.62%

+3.35%

Dividends

IHD.AX vs. WVOL.AX - Dividend Comparison

IHD.AX's dividend yield for the trailing twelve months is around 4.03%, more than WVOL.AX's 1.47% 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%
WVOL.AX
iShares MSCI World ex Australia Minimum Volatility ETF		1.47%3.09%3.43%2.19%2.62%1.75%2.36%2.37%4.62%1.43%0.00%0.00%

Frequently Asked Questions

IHD.AX and WVOL.AX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IHD.AX is categorized as Dividend, while WVOL.AX is Global Equities. IHD.AX tracks iShares S&P/ASX Dividend Opportunities ESG Screened Index, while WVOL.AX tracks iShares MSCI World ex Australia Minimum Volatility Index.

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