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

IHOO.AX vs. UMAX.AX

Last updated Jul 18, 2026
Documentation

IHOO.AX (iShares Global 100 AUD Hedged ETF) and UMAX.AX (Betashares S&P 500 Yield Maximiser Complex ETF) are both Global Equities funds. IHOO.AX is passively managed, while UMAX.AX is actively managed. Over the past 10 years, IHOO.AX returned 15.14%/yr vs 9.53%/yr for UMAX.AX. At a 0.46 correlation, their price movements are largely independent.

Performance

IHOO.AX vs. UMAX.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 Betashares S&P 500 Yield Maximiser Complex ETF (UMAX.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 8.83% return, which is significantly higher than UMAX.AX's -0.54% return. Over the past 10 years, IHOO.AX has outperformed UMAX.AX with an annualized return of 15.14%, while UMAX.AX has yielded a comparatively lower 9.53% annualized return.

IHOO.AX

1D
-1.68%
1M
-0.71%
6M
7.50%
YTD
8.83%
1Y
26.02%
3Y*
21.91%
5Y*
14.33%
10Y*
15.14%

UMAX.AX

1D
-1.20%
1M
0.97%
6M
-0.36%
YTD
-0.54%
1Y
6.66%
3Y*
11.88%
5Y*
9.47%
10Y*
9.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IHOO.AX
iShares Global 100 AUD Hedged ETF		8.83%24.02%27.67%24.45%-16.15%26.46%12.48%28.93%-5.87%20.68%
UMAX.AX
Betashares S&P 500 Yield Maximiser Complex ETF		-0.54%4.00%31.81%15.37%-9.29%29.75%-6.67%22.95%2.49%5.84%

Correlation

The correlation between IHOO.AX and UMAX.AX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.42

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

0.43

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

0.51

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

0.48

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

0.46

The correlation between IHOO.AX and UMAX.AX has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.

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iShares Global 100 AUD Hedged ETF

Betashares S&P 500 Yield Maximiser Complex ETF

Often compared with IHOO.AX:
IHOO.AX vs. CORE.AXIHOO.AX vs. ESGI.AXIHOO.AX vs. ESTX.AXIHOO.AX vs. F100.AXIHOO.AX vs. GLIN.AXIHOO.AX vs. HGEN.AXIHOO.AX vs. HJPN.AX
Often compared with UMAX.AX:
UMAX.AX vs. CORE.AXUMAX.AX vs. F100.AXUMAX.AX vs. FOOD.AXUMAX.AX vs. GEAR.AXUMAX.AX vs. SEMI.AXUMAX.AX vs. VDCO.AXUMAX.AX vs. WVOL.AX

Return for Risk

IHOO.AX vs. UMAX.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: 7070
Overall Rank
IHOO.AX Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
IHOO.AX Sortino Ratio Rank: 6767
Sortino Ratio Rank
IHOO.AX Omega Ratio Rank: 7171
Omega Ratio Rank
IHOO.AX Calmar Ratio Rank: 7171
Calmar Ratio Rank
IHOO.AX Martin Ratio Rank: 7272
Martin Ratio Rank
UMAX.AX
UMAX.AX Risk / Return Rank: 2121
Overall Rank
UMAX.AX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
UMAX.AX Sortino Ratio Rank: 2121
Sortino Ratio Rank
UMAX.AX Omega Ratio Rank: 2222
Omega Ratio Rank
UMAX.AX Calmar Ratio Rank: 1919
Calmar Ratio Rank
UMAX.AX Martin Ratio Rank: 1818
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. UMAX.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 Betashares S&P 500 Yield Maximiser Complex ETF (UMAX.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.AXUMAX.AXDifference
Sharpe ratioReturn per unit of total volatility
1.68
0.65

+1.03

Sortino ratioReturn per unit of downside risk
2.32
0.94

+1.39

Omega ratioGain probability vs. loss probability

1.31

1.12

+0.19

Calmar ratioReturn relative to maximum drawdown

2.65

0.58

+2.07

Martin ratioReturn relative to average drawdown

9.66

1.35

+8.32

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

The current IHOO.AX Sharpe Ratio is 1.68, which is higher than the UMAX.AX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of IHOO.AX and UMAX.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. UMAX.AX - Drawdown Comparison

The maximum IHOO.AX drawdown since its inception was -33.91%, which is greater than UMAX.AX's maximum drawdown of -24.10%. Use the drawdown chart below to compare losses from any high point for IHOO.AX and UMAX.AX.

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Drawdown Indicators

IHOO.AXUMAX.AXDifference

Max Drawdown

Largest peak-to-trough decline

-33.91%

-24.10%

-9.81%

Max Drawdown (1Y)

Largest decline over 1 year

-9.58%

-11.14%

+1.56%

Max Drawdown (3Y)

Largest decline over 3 years

-21.25%

-15.42%

-5.83%

Max Drawdown (5Y)

Largest decline over 5 years

-22.19%

-17.14%

-5.05%

Max Drawdown (10Y)

Largest decline over 10 years

-33.91%

-24.10%

-9.81%

Current Drawdown

Current decline from peak

-3.32%

-1.61%

-1.71%

Average Drawdown

Average peak-to-trough decline

-4.26%

-5.15%

+0.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.65%

4.86%

-2.21%

Volatility

IHOO.AX vs. UMAX.AX - Volatility Comparison

iShares Global 100 AUD Hedged ETF (IHOO.AX) has a higher volatility of 4.23% compared to Betashares S&P 500 Yield Maximiser Complex ETF (UMAX.AX) at 3.05%. This indicates that IHOO.AX's price experiences larger fluctuations and is considered to be riskier than UMAX.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.AXUMAX.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

3.05%

+1.18%

Volatility (6M)

Calculated over the trailing 6-month period

12.24%

7.92%

+4.32%

Volatility (1Y)

Calculated over the trailing 1-year period

15.08%

9.94%

+5.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.94%

12.93%

+5.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.86%

13.42%

+4.44%

Dividends

IHOO.AX vs. UMAX.AX - Dividend Comparison

IHOO.AX's dividend yield for the trailing twelve months is around 4.54%, more than UMAX.AX's 3.16% yield.

PositionTTM20252024202320222021202020192018201720162015
IHOO.AX
iShares Global 100 AUD Hedged ETF		4.54%0.70%0.87%1.44%1.68%16.51%2.57%2.33%8.40%11.15%0.53%1.75%
UMAX.AX
Betashares S&P 500 Yield Maximiser Complex ETF		3.16%5.33%2.19%4.02%5.79%5.05%7.02%5.43%4.06%3.16%4.12%4.55%

Frequently Asked Questions

IHOO.AX and UMAX.AX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: iShares and BetaShares.

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