PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IHVV.AX vs. ESGI.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHVV.AX vs. ESGI.AX

Last updated Jul 16, 2026
Documentation

IHVV.AX (iShares S&P 500 AUD Hedged ETF) and ESGI.AX (VanEck MSCI International Sustainable Equity ETF) are both Global Equities funds - IHVV.AX tracks the iShares S&P 500 AUD Hedged Index while ESGI.AX tracks the MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index. Both are passively managed. Over the past 5 years, IHVV.AX returned 11.13%/yr vs 10.39%/yr for ESGI.AX. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

IHVV.AX vs. ESGI.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares S&P 500 AUD Hedged ETF (IHVV.AX) and VanEck MSCI International Sustainable Equity ETF (ESGI.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IHVV.AX achieves a 9.76% return, which is significantly higher than ESGI.AX's 6.43% return.

IHVV.AX

1D
0.15%
1M
0.70%
6M
8.74%
YTD
9.76%
1Y
20.48%
3Y*
18.71%
5Y*
11.13%
10Y*
13.21%

ESGI.AX

1D
-0.45%
1M
4.59%
6M
4.93%
YTD
6.43%
1Y
8.19%
3Y*
14.32%
5Y*
10.39%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHVV.AX vs. ESGI.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IHVV.AX
iShares S&P 500 AUD Hedged ETF		9.76%17.13%23.18%23.30%-20.77%28.58%11.96%29.96%-6.16%
ESGI.AX
VanEck MSCI International Sustainable Equity ETF		6.43%6.29%23.14%16.95%-7.32%24.77%4.97%28.97%-2.79%

Correlation

The correlation between IHVV.AX and ESGI.AX is 0.53, 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

0.53

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

0.57

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

0.60

Correlation (All Time)
Calculated using the full available price history since Mar 6, 2018

0.56

The correlation between IHVV.AX and ESGI.AX has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P 500 AUD Hedged ETF

VanEck MSCI International Sustainable Equity ETF

Return for Risk

IHVV.AX vs. ESGI.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IHVV.AX
IHVV.AX Risk / Return Rank: 5858
Overall Rank
IHVV.AX Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
IHVV.AX Sortino Ratio Rank: 5555
Sortino Ratio Rank
IHVV.AX Omega Ratio Rank: 5858
Omega Ratio Rank
IHVV.AX Calmar Ratio Rank: 5757
Calmar Ratio Rank
IHVV.AX Martin Ratio Rank: 6565
Martin Ratio Rank
ESGI.AX
ESGI.AX Risk / Return Rank: 1919
Overall Rank
ESGI.AX Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
ESGI.AX Sortino Ratio Rank: 2121
Sortino Ratio Rank
ESGI.AX Omega Ratio Rank: 2020
Omega Ratio Rank
ESGI.AX Calmar Ratio Rank: 1717
Calmar Ratio Rank
ESGI.AX Martin Ratio Rank: 1717
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.

IHVV.AX vs. ESGI.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 AUD Hedged ETF (IHVV.AX) and VanEck MSCI International Sustainable Equity ETF (ESGI.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.

IHVV.AXESGI.AXDifference
Sharpe ratioReturn per unit of total volatility
1.56
0.62

+0.94

Sortino ratioReturn per unit of downside risk
2.19
0.98

+1.21

Omega ratioGain probability vs. loss probability

1.29

1.12

+0.17

Calmar ratioReturn relative to maximum drawdown

2.32

0.60

+1.72

Martin ratioReturn relative to average drawdown

9.37

1.38

+7.99

IHVV.AX vs. ESGI.AX - Sharpe Ratio Comparison

The current IHVV.AX Sharpe Ratio is 1.56, which is higher than the ESGI.AX Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of IHVV.AX and ESGI.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.

Loading charts...

Drawdowns

IHVV.AX vs. ESGI.AX - Drawdown Comparison

The maximum IHVV.AX drawdown since its inception was -36.07%, which is greater than ESGI.AX's maximum drawdown of -22.88%. Use the drawdown chart below to compare losses from any high point for IHVV.AX and ESGI.AX.

Loading charts...

Drawdown Indicators

IHVV.AXESGI.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.07%

-22.88%

-13.19%

Max Drawdown (1Y)

Largest decline over 1 year

-9.02%

-14.92%

+5.90%

Max Drawdown (3Y)

Largest decline over 3 years

-20.47%

-14.92%

-5.55%

Max Drawdown (5Y)

Largest decline over 5 years

-26.64%

-19.38%

-7.26%

Max Drawdown (10Y)

Largest decline over 10 years

-36.07%

—

—

Current Drawdown

Current decline from peak

-0.24%

-1.00%

+0.76%

Average Drawdown

Average peak-to-trough decline

-4.81%

-4.51%

-0.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.26%

6.53%

-4.27%

Volatility

IHVV.AX vs. ESGI.AX - Volatility Comparison

The current volatility for iShares S&P 500 AUD Hedged ETF (IHVV.AX) is 2.84%, while VanEck MSCI International Sustainable Equity ETF (ESGI.AX) has a volatility of 3.61%. This indicates that IHVV.AX experiences smaller price fluctuations and is considered to be less risky than ESGI.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IHVV.AXESGI.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.84%

3.61%

-0.77%

Volatility (6M)

Calculated over the trailing 6-month period

10.95%

12.18%

-1.23%

Volatility (1Y)

Calculated over the trailing 1-year period

13.42%

14.33%

-0.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.68%

13.00%

+4.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.95%

13.86%

+5.09%

Dividends

IHVV.AX vs. ESGI.AX - Dividend Comparison

IHVV.AX's dividend yield for the trailing twelve months is around 4.08%, more than ESGI.AX's 2.71% yield.

PositionTTM20252024202320222021202020192018201720162015
ESGI.AX
VanEck MSCI International Sustainable Equity ETF		2.71%6.43%6.58%3.35%2.39%1.42%1.50%1.55%0.52%0.00%0.00%0.00%
IHVV.AX
iShares S&P 500 AUD Hedged ETF		4.08%0.79%0.92%1.30%1.52%19.67%1.64%0.00%3.20%1.74%0.57%1.84%

Frequently Asked Questions

IHVV.AX and ESGI.AX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IHVV.AX tracks iShares S&P 500 AUD Hedged Index, while ESGI.AX tracks MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index. They also come from different issuers: iShares and VanEck.

Portfolio Optimizer

Find the right allocation for IHVV.AX and ESGI.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