IOZ.AX vs. VXUS

Last updated Apr 1, 2026

Compare and contrast key facts about Ishares Core S&P/ASX 200 ETF (IOZ.AX) and Vanguard Total International Stock ETF (VXUS).

IOZ.AX and VXUS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IOZ.AX is a passively managed fund by iShares that tracks the performance of the S&P/ASX 200 Index. It was launched on Dec 6, 2010. VXUS is a passively managed fund by Vanguard that tracks the performance of the MSCI All Country World ex USA Investable Market Index. It was launched on Jan 26, 2011. Both IOZ.AX and VXUS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IOZ.AX vs. VXUS - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Ishares Core S&P/ASX 200 ETF (IOZ.AX) and Vanguard Total International Stock ETF (VXUS). The values are adjusted to include any dividend payments, if applicable.

IOZ.AX vs. VXUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IOZ.AX Ishares Core S&P/ASX 200 ETF	-1.59%	10.22%	11.35%	12.19%	-0.91%	16.90%	1.35%	23.29%	-2.99%	11.57%
VXUS Vanguard Total International Stock ETF	-1.20%	22.74%	15.65%	15.95%	-10.53%	15.37%	0.95%	22.31%	-5.25%	17.75%

Different Trading Currencies

IOZ.AX is traded in AUD, while VXUS is traded in USD. To make them comparable, the VXUS values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IOZ.AX achieves a -1.59% return, which is significantly lower than VXUS's -1.20% return. Over the past 10 years, IOZ.AX has underperformed VXUS with an annualized return of 9.49%, while VXUS has yielded a comparatively higher 10.06% annualized return.

IOZ.AX

• 1D: 0.20%
• 1M: -7.16%
• YTD: -1.59%
• 6M: -2.50%
• 1Y: 11.61%
• 3Y*: 9.45%
• 5Y*: 8.41%
• 10Y*: 9.49%

VXUS

• 1D: 2.39%
• 1M: -5.16%
• YTD: -1.20%
• 6M: 2.37%
• 1Y: 15.80%
• 3Y*: 14.23%
• 5Y*: 9.43%
• 10Y*: 10.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IOZ.AX vs. VXUS - Expense Ratio Comparison

Both IOZ.AX and VXUS have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

IOZ.AX

Ishares Core S&P/ASX 200 ETF

VXUS

Vanguard Total International Stock ETF

Return for Risk

IOZ.AX vs. VXUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IOZ.AX

IOZ.AX Risk / Return Rank: 45
IOZ.AX Sharpe Ratio Rank: 48
IOZ.AX Sortino Ratio Rank: 46
IOZ.AX Omega Ratio Rank: 46
IOZ.AX Calmar Ratio Rank: 47
IOZ.AX Martin Ratio Rank: 38

VXUS

VXUS Risk / Return Rank: 86
VXUS Sharpe Ratio Rank: 85
VXUS Sortino Ratio Rank: 87
VXUS Omega Ratio Rank: 87
VXUS Calmar Ratio Rank: 86
VXUS Martin Ratio Rank: 85

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.

IOZ.AX vs. VXUS - 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 Vanguard Total International Stock ETF (VXUS). 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.

	IOZ.AX	VXUS	Difference
Sharpe ratio Return per unit of total volatility	0.89	1.28	-0.39
Sortino ratio Return per unit of downside risk	1.28	1.83	-0.56
Omega ratio Gain probability vs. loss probability	1.18	1.26	-0.07
Calmar ratio Return relative to maximum drawdown	1.25	1.60	-0.35
Martin ratio Return relative to average drawdown	3.62	6.50	-2.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IOZ.AX vs. VXUS - Sharpe Ratio Comparison

The current IOZ.AX Sharpe Ratio is 0.89, which is lower than the VXUS Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of IOZ.AX and VXUS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IOZ.AX	VXUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	1.28	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.85	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.75	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.64	-0.09

Correlation

The correlation between IOZ.AX and VXUS is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IOZ.AX vs. VXUS - Dividend Comparison

IOZ.AX's dividend yield for the trailing twelve months is around 3.49%, more than VXUS's 2.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IOZ.AX Ishares Core S&P/ASX 200 ETF	3.49%	3.39%	3.47%	3.73%	6.11%	3.32%	2.40%	4.62%	4.27%	3.90%	4.89%	7.69%
VXUS Vanguard Total International Stock ETF	2.97%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%

Drawdowns

IOZ.AX vs. VXUS - Drawdown Comparison

The maximum IOZ.AX drawdown since its inception was -35.75%, which is greater than VXUS's maximum drawdown of -24.80%. Use the drawdown chart below to compare losses from any high point for IOZ.AX and VXUS.

Drawdown Indicators

	IOZ.AX	VXUS	Difference
Max Drawdown Largest peak-to-trough decline	-35.75%	-35.97%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-11.27%	+2.82%
Max Drawdown (5Y) Largest decline over 5 years	-14.92%	-29.44%	+14.52%
Max Drawdown (10Y) Largest decline over 10 years	-35.75%	-35.97%	+0.22%
Current Drawdown Current decline from peak	-7.18%	-8.33%	+1.15%
Average Drawdown Average peak-to-trough decline	-4.68%	-8.29%	+3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.91%	0.00%

Volatility

IOZ.AX vs. VXUS - Volatility Comparison

The current volatility for Ishares Core S&P/ASX 200 ETF (IOZ.AX) is 5.01%, while Vanguard Total International Stock ETF (VXUS) has a volatility of 6.36%. This indicates that IOZ.AX experiences smaller price fluctuations and is considered to be less risky than VXUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IOZ.AX	VXUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	6.36%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	8.76%	8.42%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	12.40%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.75%	11.10%	+1.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.36%	13.47%	+0.89%