PortfoliosLab logoPortfoliosLab logo

Documentation

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

IKO.AX vs. ESGI.AX

Last updated Jul 16, 2026
Documentation

IKO.AX (iShares MSCI South Korea ETF (AU)) and ESGI.AX (VanEck MSCI International Sustainable Equity ETF) are both Global Equities funds - IKO.AX tracks the iShares MSCI South Korea 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, IKO.AX returned 16.67%/yr vs 10.39%/yr for ESGI.AX. At a 0.39 correlation, their price movements are largely independent.

Performance

IKO.AX vs. ESGI.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares MSCI South Korea ETF (AU) (IKO.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, IKO.AX achieves a 64.31% return, which is significantly higher than ESGI.AX's 6.43% return.

IKO.AX

1D
-7.36%
1M
-17.70%
6M
49.12%
YTD
64.31%
1Y
119.84%
3Y*
37.01%
5Y*
16.67%
10Y*
14.97%

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)

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

2026 (YTD)20252024202320222021202020192018
IKO.AX
iShares MSCI South Korea ETF (AU)		64.31%80.87%-12.63%16.96%-20.13%-2.25%29.64%7.29%-7.58%
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 IKO.AX and ESGI.AX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.31

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

0.35

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

0.40

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

0.39

Compare stocks, funds, or ETFs

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

iShares MSCI South Korea ETF (AU)

VanEck MSCI International Sustainable Equity ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IKO.AX
IKO.AX Risk / Return Rank: 8787
Overall Rank
IKO.AX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
IKO.AX Sortino Ratio Rank: 7878
Sortino Ratio Rank
IKO.AX Omega Ratio Rank: 8484
Omega Ratio Rank
IKO.AX Calmar Ratio Rank: 9393
Calmar Ratio Rank
IKO.AX Martin Ratio Rank: 8989
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Korea ETF (AU) (IKO.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.

IKO.AXESGI.AXDifference
Sharpe ratioReturn per unit of total volatility
2.52
0.62

+1.90

Sortino ratioReturn per unit of downside risk
2.80
0.98

+1.81

Omega ratioGain probability vs. loss probability

1.40

1.12

+0.28

Calmar ratioReturn relative to maximum drawdown

5.18

0.60

+4.59

Martin ratioReturn relative to average drawdown

15.73

1.38

+14.35

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

The current IKO.AX Sharpe Ratio is 2.52, which is higher than the ESGI.AX Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of IKO.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

IKO.AX vs. ESGI.AX - Drawdown Comparison

The maximum IKO.AX drawdown since its inception was -57.74%, 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 IKO.AX and ESGI.AX.

Loading charts...

Drawdown Indicators

IKO.AXESGI.AXDifference

Max Drawdown

Largest peak-to-trough decline

-57.74%

-22.88%

-34.86%

Max Drawdown (1Y)

Largest decline over 1 year

-22.15%

-14.92%

-7.23%

Max Drawdown (3Y)

Largest decline over 3 years

-22.15%

-14.92%

-7.23%

Max Drawdown (5Y)

Largest decline over 5 years

-39.03%

-19.38%

-19.65%

Max Drawdown (10Y)

Largest decline over 10 years

-39.50%

—

—

Current Drawdown

Current decline from peak

-22.11%

-1.00%

-21.11%

Average Drawdown

Average peak-to-trough decline

-17.29%

-4.51%

-12.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.43%

6.53%

+0.90%

Volatility

IKO.AX vs. ESGI.AX - Volatility Comparison

iShares MSCI South Korea ETF (AU) (IKO.AX) has a higher volatility of 21.99% compared to VanEck MSCI International Sustainable Equity ETF (ESGI.AX) at 3.61%. This indicates that IKO.AX's price experiences larger fluctuations and is considered to be riskier than ESGI.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IKO.AXESGI.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

21.99%

3.61%

+18.38%

Volatility (6M)

Calculated over the trailing 6-month period

42.47%

12.18%

+30.29%

Volatility (1Y)

Calculated over the trailing 1-year period

45.53%

14.33%

+31.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.00%

13.00%

+14.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.38%

13.86%

+9.52%

Dividends

IKO.AX vs. ESGI.AX - Dividend Comparison

IKO.AX's dividend yield for the trailing twelve months is around 5.85%, 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%
IKO.AX
iShares MSCI South Korea ETF (AU)		5.85%0.93%3.03%1.08%1.86%0.87%1.84%1.44%0.00%0.75%1.85%1.07%

Frequently Asked Questions

IKO.AX and ESGI.AX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IKO.AX tracks iShares MSCI South Korea 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 IKO.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