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IHOO.AX vs. IAA.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHOO.AX vs. IAA.AX

Last updated Jul 16, 2026
Documentation

IHOO.AX (iShares Global 100 AUD Hedged ETF) and IAA.AX (iShares Asia 50 ETF (AU)) are both Global Equities funds from iShares - IHOO.AX tracks the iShares Global 100 AUD Hedged Index while IAA.AX tracks the iShares Asia 50 Index. Both are passively managed. Over the past 10 years, IHOO.AX returned 15.25%/yr vs 14.57%/yr for IAA.AX. At a 0.43 correlation, their price movements are largely independent.

Performance

IHOO.AX vs. IAA.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares Global 100 AUD Hedged ETF (IHOO.AX) and iShares Asia 50 ETF (AU) (IAA.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, IHOO.AX achieves a 10.69% return, which is significantly lower than IAA.AX's 35.14% return. Both investments have delivered pretty close results over the past 10 years, with IHOO.AX having a 15.25% annualized return and IAA.AX not far behind at 14.57%.

IHOO.AX

1D
0.87%
1M
0.91%
6M
9.21%
YTD
10.69%
1Y
28.47%
3Y*
22.70%
5Y*
14.72%
10Y*
15.25%

IAA.AX

1D
-2.18%
1M
-4.08%
6M
25.27%
YTD
35.14%
1Y
61.40%
3Y*
31.17%
5Y*
12.29%
10Y*
14.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHOO.AX vs. IAA.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IHOO.AX
iShares Global 100 AUD Hedged ETF		10.69%24.02%27.67%24.45%-16.15%26.46%12.48%28.93%-5.87%20.68%
IAA.AX
iShares Asia 50 ETF (AU)		35.14%36.38%29.68%1.92%-17.59%-5.27%22.79%22.16%-4.60%34.31%

Correlation

The correlation between IHOO.AX and IAA.AX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.55

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

0.48

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

0.44

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

0.44

Correlation (All Time)
Calculated using the full available price history since Dec 15, 2014

0.43

The correlation between IHOO.AX and IAA.AX shifts across timeframes, from 0.43 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.

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iShares Global 100 AUD Hedged ETF

iShares Asia 50 ETF (AU)

Return for Risk

IHOO.AX vs. IAA.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IHOO.AX
IHOO.AX Risk / Return Rank: 7373
Overall Rank
IHOO.AX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IHOO.AX Sortino Ratio Rank: 7070
Sortino Ratio Rank
IHOO.AX Omega Ratio Rank: 7575
Omega Ratio Rank
IHOO.AX Calmar Ratio Rank: 7272
Calmar Ratio Rank
IHOO.AX Martin Ratio Rank: 7373
Martin Ratio Rank
IAA.AX
IAA.AX Risk / Return Rank: 8383
Overall Rank
IAA.AX Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
IAA.AX Sortino Ratio Rank: 7474
Sortino Ratio Rank
IAA.AX Omega Ratio Rank: 7979
Omega Ratio Rank
IAA.AX Calmar Ratio Rank: 9191
Calmar Ratio Rank
IAA.AX Martin Ratio Rank: 8686
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.

IHOO.AX vs. IAA.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global 100 AUD Hedged ETF (IHOO.AX) and iShares Asia 50 ETF (AU) (IAA.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.

IHOO.AXIAA.AXDifference
Sharpe ratioReturn per unit of total volatility
1.88
2.19

-0.31

Sortino ratioReturn per unit of downside risk
2.57
2.67

-0.10

Omega ratioGain probability vs. loss probability

1.35

1.37

-0.02

Calmar ratioReturn relative to maximum drawdown

2.93

4.70

-1.76

Martin ratioReturn relative to average drawdown

10.75

14.14

-3.39

IHOO.AX vs. IAA.AX - Sharpe Ratio Comparison

The current IHOO.AX Sharpe Ratio is 1.88, which is comparable to the IAA.AX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of IHOO.AX and IAA.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

IHOO.AX vs. IAA.AX - Drawdown Comparison

The maximum IHOO.AX drawdown since its inception was -33.91%, smaller than the maximum IAA.AX drawdown of -44.90%. Use the drawdown chart below to compare losses from any high point for IHOO.AX and IAA.AX.

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Drawdown Indicators

IHOO.AXIAA.AXDifference

Max Drawdown

Largest peak-to-trough decline

-33.91%

-44.90%

+10.99%

Max Drawdown (1Y)

Largest decline over 1 year

-9.58%

-12.04%

+2.46%

Max Drawdown (3Y)

Largest decline over 3 years

-21.25%

-17.55%

-3.70%

Max Drawdown (5Y)

Largest decline over 5 years

-22.19%

-40.25%

+18.06%

Max Drawdown (10Y)

Largest decline over 10 years

-33.91%

-44.90%

+10.99%

Current Drawdown

Current decline from peak

-1.67%

-8.78%

+7.11%

Average Drawdown

Average peak-to-trough decline

-4.26%

-10.35%

+6.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.65%

4.08%

-1.43%

Volatility

IHOO.AX vs. IAA.AX - Volatility Comparison

The current volatility for iShares Global 100 AUD Hedged ETF (IHOO.AX) is 3.89%, while iShares Asia 50 ETF (AU) (IAA.AX) has a volatility of 13.74%. This indicates that IHOO.AX experiences smaller price fluctuations and is considered to be less risky than IAA.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IHOO.AXIAA.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.89%

13.74%

-9.85%

Volatility (6M)

Calculated over the trailing 6-month period

12.11%

23.51%

-11.40%

Volatility (1Y)

Calculated over the trailing 1-year period

14.98%

25.84%

-10.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.93%

22.05%

-4.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.85%

19.33%

-1.48%

Dividends

IHOO.AX vs. IAA.AX - Dividend Comparison

IHOO.AX's dividend yield for the trailing twelve months is around 4.46%, more than IAA.AX's 1.00% yield.

PositionTTM20252024202320222021202020192018201720162015
IAA.AX
iShares Asia 50 ETF (AU)		1.00%2.16%0.44%1.36%3.40%1.68%1.18%4.31%0.48%1.28%1.78%0.00%
IHOO.AX
iShares Global 100 AUD Hedged ETF		4.46%0.70%0.87%1.44%1.68%16.51%2.57%2.33%8.40%11.15%0.53%1.75%

Frequently Asked Questions

IHOO.AX and IAA.AX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IHOO.AX tracks iShares Global 100 AUD Hedged Index, while IAA.AX tracks iShares Asia 50 Index.

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