IOO.AX vs. CORE.AX
IOO.AX (iShares Global 100 ETF (AU)) and CORE.AX (Schroder Global Core Fund - Active ETF) are both Global Equities funds. IOO.AX is passively managed, while CORE.AX is actively managed. Over the past year, IOO.AX returned 20.46% vs 15.14% for CORE.AX. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
IOO.AX vs. CORE.AX - Performance Comparison
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Returns By Period
In the year-to-date period, IOO.AX achieves a 6.22% return, which is significantly higher than CORE.AX's 4.95% return.
IOO.AX
- 1D
- 0.78%
- 1M
- 2.15%
- 6M
- 5.15%
- YTD
- 6.22%
- 1Y
- 20.46%
- 3Y*
- 22.02%
- 5Y*
- 17.16%
- 10Y*
- 26.65%
CORE.AX
- 1D
- -0.25%
- 1M
- 0.93%
- 6M
- 4.67%
- YTD
- 4.95%
- 1Y
- 15.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IOO.AX vs. CORE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IOO.AX iShares Global 100 ETF (AU) | 6.22% | 19.85% |
CORE.AX Schroder Global Core Fund - Active ETF | 4.95% | 12.78% |
Correlation
The correlation between IOO.AX and CORE.AX is 0.59, 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 | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.57 |
The correlation between IOO.AX and CORE.AX has been stable across timeframes, ranging from 0.57 to 0.59 - a consistent structural relationship.
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Return for Risk
IOO.AX vs. CORE.AX — Risk / Return Rank
IOO.AX
CORE.AX
IOO.AX vs. CORE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global 100 ETF (AU) (IOO.AX) and Schroder Global Core Fund - Active ETF (CORE.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.
| IOO.AX | CORE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.68 | -0.11 |
| Martin ratioReturn relative to average drawdown | 4.45 | 4.54 | -0.08 |
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Drawdowns
IOO.AX vs. CORE.AX - Drawdown Comparison
The maximum IOO.AX drawdown since its inception was -31.99%, which is greater than CORE.AX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for IOO.AX and CORE.AX.
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Drawdown Indicators
| IOO.AX | CORE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.99% | -10.20% | -21.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -10.20% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.18% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.34% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -6.80% | -2.60% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | — | — |
Volatility
IOO.AX vs. CORE.AX - Volatility Comparison
iShares Global 100 ETF (AU) (IOO.AX) has a higher volatility of 3.74% compared to Schroder Global Core Fund - Active ETF (CORE.AX) at 2.12%. This indicates that IOO.AX's price experiences larger fluctuations and is considered to be riskier than CORE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IOO.AX | CORE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 2.12% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 7.39% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 12.44% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 12.50% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.54% | 12.50% | +22.04% |
Dividends
IOO.AX vs. CORE.AX - Dividend Comparison
IOO.AX's dividend yield for the trailing twelve months is around 0.92%, more than CORE.AX's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 0.68% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IOO.AX iShares Global 100 ETF (AU) | 0.92% | 0.77% | 0.51% | 1.90% | 3.18% | 1.85% | 1.89% | 3.35% | 1.22% | 6.14% | 3.68% | 5.90% |
Frequently Asked Questions
IOO.AX and CORE.AX have a correlation of 0.59, 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 Schroder.
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