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IJR.AX vs. VISM.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJR.AX vs. VISM.AX

Last updated Jul 16, 2026
Documentation

IJR.AX (iShares S&P Small-Cap ETF) and VISM.AX (Vanguard MSCI International Small Companies Index ETF) are both Small Cap Blend Equities funds - IJR.AX tracks the iShares S&P Small-Cap Index while VISM.AX tracks the Vanguard MSCI International Small Companies Index Index. Both are passively managed. Over the past 5 years, IJR.AX returned 9.05%/yr vs 8.19%/yr for VISM.AX. Their correlation of 0.85 suggests significant overlap in exposure.

Performance

IJR.AX vs. VISM.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares S&P Small-Cap ETF (IJR.AX) and Vanguard MSCI International Small Companies Index ETF (VISM.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, IJR.AX achieves a 15.84% return, which is significantly higher than VISM.AX's 8.36% return.

IJR.AX

1D
0.65%
1M
1.95%
6M
11.15%
YTD
15.84%
1Y
22.13%
3Y*
13.31%
5Y*
9.05%
10Y*
19.56%

VISM.AX

1D
-0.22%
1M
-0.63%
6M
5.57%
YTD
8.36%
1Y
16.46%
3Y*
14.38%
5Y*
8.19%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJR.AX vs. VISM.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IJR.AX
iShares S&P Small-Cap ETF		15.84%-1.20%16.88%16.63%-9.47%34.92%1.20%24.13%-11.22%
VISM.AX
Vanguard MSCI International Small Companies Index ETF		8.36%12.20%16.67%14.76%-13.42%21.81%5.65%29.06%-9.49%

Correlation

The correlation between IJR.AX and VISM.AX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.83

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

0.88

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

0.89

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2018

0.85

The correlation between IJR.AX and VISM.AX has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

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iShares S&P Small-Cap ETF

Vanguard MSCI International Small Companies Index ETF

Return for Risk

IJR.AX vs. VISM.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJR.AX
IJR.AX Risk / Return Rank: 4848
Overall Rank
IJR.AX Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
IJR.AX Sortino Ratio Rank: 4848
Sortino Ratio Rank
IJR.AX Omega Ratio Rank: 4949
Omega Ratio Rank
IJR.AX Calmar Ratio Rank: 4949
Calmar Ratio Rank
IJR.AX Martin Ratio Rank: 4747
Martin Ratio Rank
VISM.AX
VISM.AX Risk / Return Rank: 4444
Overall Rank
VISM.AX Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
VISM.AX Sortino Ratio Rank: 4747
Sortino Ratio Rank
VISM.AX Omega Ratio Rank: 4747
Omega Ratio Rank
VISM.AX Calmar Ratio Rank: 3939
Calmar Ratio Rank
VISM.AX Martin Ratio Rank: 4242
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.

IJR.AX vs. VISM.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P Small-Cap ETF (IJR.AX) and Vanguard MSCI International Small Companies Index ETF (VISM.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.

IJR.AXVISM.AXDifference
Sharpe ratioReturn per unit of total volatility
1.43
1.35

+0.07

Sortino ratioReturn per unit of downside risk
2.02
1.98

+0.04

Omega ratioGain probability vs. loss probability

1.26

1.25

+0.01

Calmar ratioReturn relative to maximum drawdown

2.06

1.65

+0.40

Martin ratioReturn relative to average drawdown

6.31

5.50

+0.81

IJR.AX vs. VISM.AX - Sharpe Ratio Comparison

The current IJR.AX Sharpe Ratio is 1.43, which is comparable to the VISM.AX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of IJR.AX and VISM.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

IJR.AX vs. VISM.AX - Drawdown Comparison

The maximum IJR.AX drawdown since its inception was -35.55%, which is greater than VISM.AX's maximum drawdown of -31.98%. Use the drawdown chart below to compare losses from any high point for IJR.AX and VISM.AX.

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Drawdown Indicators

IJR.AXVISM.AXDifference

Max Drawdown

Largest peak-to-trough decline

-35.55%

-31.98%

-3.57%

Max Drawdown (1Y)

Largest decline over 1 year

-11.45%

-10.64%

-0.81%

Max Drawdown (3Y)

Largest decline over 3 years

-24.63%

-15.91%

-8.72%

Max Drawdown (5Y)

Largest decline over 5 years

-24.63%

-24.47%

-0.16%

Max Drawdown (10Y)

Largest decline over 10 years

-34.84%

—

—

Current Drawdown

Current decline from peak

-2.46%

-2.83%

+0.37%

Average Drawdown

Average peak-to-trough decline

-8.01%

-6.64%

-1.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.78%

3.24%

+0.54%

Volatility

IJR.AX vs. VISM.AX - Volatility Comparison

iShares S&P Small-Cap ETF (IJR.AX) has a higher volatility of 3.51% compared to Vanguard MSCI International Small Companies Index ETF (VISM.AX) at 2.55%. This indicates that IJR.AX's price experiences larger fluctuations and is considered to be riskier than VISM.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJR.AXVISM.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.51%

2.55%

+0.96%

Volatility (6M)

Calculated over the trailing 6-month period

12.38%

10.58%

+1.80%

Volatility (1Y)

Calculated over the trailing 1-year period

16.64%

13.11%

+3.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.46%

14.41%

+4.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.92%

15.80%

+21.12%

Dividends

IJR.AX vs. VISM.AX - Dividend Comparison

IJR.AX's dividend yield for the trailing twelve months is around 0.77%, less than VISM.AX's 6.88% yield.

PositionTTM2025202420232022202120202019201820172016
IJR.AX
iShares S&P Small-Cap ETF		0.77%0.87%1.26%1.29%1.86%1.66%1.52%2.18%1.53%0.10%0.70%
VISM.AX
Vanguard MSCI International Small Companies Index ETF		6.88%3.82%1.43%2.81%4.41%5.03%3.59%3.95%0.00%0.00%0.00%

Frequently Asked Questions

IJR.AX and VISM.AX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IJR.AX tracks iShares S&P Small-Cap Index, while VISM.AX tracks Vanguard MSCI International Small Companies Index Index. They also come from different issuers: iShares and Vanguard.

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