IOZ.AX vs. AUMF.AX
IOZ.AX (Ishares Core S&P/ASX 200 ETF) and AUMF.AX (iShares Edge MSCI Australia Multifactor ETF) are both exchange-traded funds - IOZ.AX is a Australia Equities fund tracking the S&P/ASX 200 Index, while AUMF.AX is a Multi-factor fund tracking the MSCI Australia IMI Diversified Multiple-Factor (AUD) GROSS Index. Both are passively managed. Over the past 5 years, IOZ.AX returned 7.72%/yr vs 7.36%/yr for AUMF.AX. A 0.70 correlation means they provide meaningful diversification when combined. IOZ.AX charges 0.05%/yr vs 0.30%/yr for AUMF.AX.
Performance
IOZ.AX vs. AUMF.AX - Performance Comparison
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Returns By Period
In the year-to-date period, IOZ.AX achieves a 3.07% return, which is significantly higher than AUMF.AX's -1.94% return.
IOZ.AX
- 1D
- 0.11%
- 1M
- -0.68%
- 6M
- 1.81%
- YTD
- 3.07%
- 1Y
- 5.71%
- 3Y*
- 10.31%
- 5Y*
- 7.72%
- 10Y*
- 8.95%
AUMF.AX
- 1D
- 0.18%
- 1M
- -1.89%
- 6M
- -1.57%
- YTD
- -1.94%
- 1Y
- 3.42%
- 3Y*
- 11.71%
- 5Y*
- 7.36%
- 10Y*
- —
IOZ.AX vs. AUMF.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOZ.AX Ishares Core S&P/ASX 200 ETF | 3.07% | 10.22% | 11.35% | 12.19% | -0.91% | 16.90% | 1.35% | 23.29% | -2.99% | 11.59% |
AUMF.AX iShares Edge MSCI Australia Multifactor ETF | -1.94% | 17.56% | 14.19% | 9.25% | -1.17% | 10.50% | 2.60% | 24.02% | -4.06% | 12.19% |
Correlation
The correlation between IOZ.AX and AUMF.AX is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2016 | 0.70 |
The correlation between IOZ.AX and AUMF.AX shifts across timeframes, from 0.70 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IOZ.AX vs. AUMF.AX — Risk / Return Rank
IOZ.AX
AUMF.AX
IOZ.AX vs. AUMF.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Core S&P/ASX 200 ETF (IOZ.AX) and iShares Edge MSCI Australia Multifactor ETF (AUMF.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.
| IOZ.AX | AUMF.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.05 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.28 | +0.48 |
| Martin ratioReturn relative to average drawdown | 1.80 | 0.66 | +1.15 |
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Drawdowns
IOZ.AX vs. AUMF.AX - Drawdown Comparison
The maximum IOZ.AX drawdown since its inception was -35.75%, roughly equal to the maximum AUMF.AX drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for IOZ.AX and AUMF.AX.
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Drawdown Indicators
| IOZ.AX | AUMF.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.75% | -36.93% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -10.47% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -13.35% | -10.47% | -2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -14.92% | -16.05% | +1.13% |
Max Drawdown (10Y)Largest decline over 10 years | -35.75% | — | — |
Current DrawdownCurrent decline from peak | -2.78% | -5.01% | +2.23% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -3.86% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 4.48% | -0.87% |
Volatility
IOZ.AX vs. AUMF.AX - Volatility Comparison
The current volatility for Ishares Core S&P/ASX 200 ETF (IOZ.AX) is 2.34%, while iShares Edge MSCI Australia Multifactor ETF (AUMF.AX) has a volatility of 2.80%. This indicates that IOZ.AX experiences smaller price fluctuations and is considered to be less risky than AUMF.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IOZ.AX | AUMF.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 2.80% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.91% | 11.21% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 13.35% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.86% | 13.08% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.28% | 14.11% | +0.17% |
IOZ.AX vs. AUMF.AX - Expense Ratio Comparison
IOZ.AX has a 0.05% expense ratio, which is lower than AUMF.AX's 0.30% expense ratio.
Dividends
IOZ.AX vs. AUMF.AX - Dividend Comparison
IOZ.AX's dividend yield for the trailing twelve months is around 3.42%, more than AUMF.AX's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AUMF.AX iShares Edge MSCI Australia Multifactor ETF | 1.44% | 2.80% | 3.34% | 4.69% | 6.09% | 2.52% | 2.71% | 4.45% | 8.24% | 0.00% | 0.00% | 0.00% |
IOZ.AX Ishares Core S&P/ASX 200 ETF | 3.42% | 3.39% | 3.47% | 3.73% | 6.11% | 3.32% | 2.40% | 4.62% | 4.27% | 3.90% | 4.89% | 7.69% |
Frequently Asked Questions
IOZ.AX and AUMF.AX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IOZ.AX is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IOZ.AX is cheaper with a 0.05% expense ratio, compared with 0.30% for AUMF.AX.
IOZ.AX is categorized as Australia Equities, while AUMF.AX is Multi-factor. IOZ.AX tracks S&P/ASX 200 Index, while AUMF.AX tracks MSCI Australia IMI Diversified Multiple-Factor (AUD) GROSS Index. Their fees differ too: 0.05% for IOZ.AX and 0.30% for AUMF.AX.
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