INES.AX vs. XARO.AX
INES.AX (Intelligent Investor Ethical Share ETF) and XARO.AX (Ardea Real Outcome Bond Complex ETF) are both exchange-traded funds - INES.AX is a Global Equities fund tracking the Intelligent Investor Ethical Share Index, while XARO.AX is a Total Bond Market fund actively managed by ETF Issuer. INES.AX is passively managed, while XARO.AX is actively managed. Over the past 5 years, INES.AX returned 3.31%/yr vs 2.03%/yr for XARO.AX. At a 0.01 correlation, their price movements are largely independent.
Performance
INES.AX vs. XARO.AX - Performance Comparison
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Returns By Period
In the year-to-date period, INES.AX achieves a -9.15% return, which is significantly lower than XARO.AX's 1.43% return.
INES.AX
- 1D
- 1.60%
- 1M
- 1.27%
- 6M
- -8.43%
- YTD
- -9.15%
- 1Y
- -7.94%
- 3Y*
- 5.87%
- 5Y*
- 3.31%
- 10Y*
- —
XARO.AX
- 1D
- 0.12%
- 1M
- 0.96%
- 6M
- 1.47%
- YTD
- 1.43%
- 1Y
- 4.40%
- 3Y*
- 2.59%
- 5Y*
- 2.03%
- 10Y*
- —
INES.AX vs. XARO.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
INES.AX Intelligent Investor Ethical Share ETF | -9.15% | 12.62% | 7.21% | 11.49% | -12.72% | 21.30% | 25.01% | 4.38% |
XARO.AX Ardea Real Outcome Bond Complex ETF | 1.43% | 6.78% | 0.49% | 2.17% | 0.46% | -0.60% | 5.21% | 2.82% |
Correlation
The correlation between INES.AX and XARO.AX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2019 | 0.01 |
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Return for Risk
INES.AX vs. XARO.AX — Risk / Return Rank
INES.AX
XARO.AX
INES.AX vs. XARO.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intelligent Investor Ethical Share ETF (INES.AX) and Ardea Real Outcome Bond Complex ETF (XARO.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.
| INES.AX | XARO.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.23 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.94 | -2.34 |
| Martin ratioReturn relative to average drawdown | -0.78 | 6.74 | -7.51 |
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Drawdowns
INES.AX vs. XARO.AX - Drawdown Comparison
The maximum INES.AX drawdown since its inception was -33.57%, which is greater than XARO.AX's maximum drawdown of -7.44%. Use the drawdown chart below to compare losses from any high point for INES.AX and XARO.AX.
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Drawdown Indicators
| INES.AX | XARO.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -7.44% | -26.13% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -2.26% | -17.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.49% | -3.42% | -16.07% |
Max Drawdown (5Y)Largest decline over 5 years | -19.49% | -6.98% | -12.51% |
Current DrawdownCurrent decline from peak | -11.72% | -0.00% | -11.72% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -1.58% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.13% | 0.66% | +9.47% |
Volatility
INES.AX vs. XARO.AX - Volatility Comparison
Intelligent Investor Ethical Share ETF (INES.AX) has a higher volatility of 3.87% compared to Ardea Real Outcome Bond Complex ETF (XARO.AX) at 0.99%. This indicates that INES.AX's price experiences larger fluctuations and is considered to be riskier than XARO.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INES.AX | XARO.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 0.99% | +2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.71% | 2.69% | +10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.51% | 3.43% | +11.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 6.04% | +7.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.70% | 6.45% | +9.25% |
Dividends
INES.AX vs. XARO.AX - Dividend Comparison
INES.AX's dividend yield for the trailing twelve months is around 8.36%, more than XARO.AX's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
INES.AX Intelligent Investor Ethical Share ETF | 8.36% | 0.71% | 4.24% | 1.22% | 12.37% | 1.63% | 0.67% | 0.00% |
XARO.AX Ardea Real Outcome Bond Complex ETF | 1.09% | 1.57% | 2.46% | 0.77% | 7.38% | 4.26% | 4.20% | 2.46% |
Frequently Asked Questions
INES.AX and XARO.AX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INES.AX is categorized as Global Equities, while XARO.AX is Total Bond Market.
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