ISEC.AX vs. GLIN.AX
ISEC.AX (iShares Enhanced Cash ETF) and GLIN.AX (iShares Core FTSE Global Infrastructure (AUD Hedged) ETF) are both exchange-traded funds - ISEC.AX is a Money Market fund tracking the iShares Enhanced Cash Index, while GLIN.AX is a Global Equities fund tracking the iShares Core FTSE Global Infrastructure (AUD Hedged) Index. Both are passively managed. Over the past 3 years, ISEC.AX returned 4.36%/yr vs 12.07%/yr for GLIN.AX. At a 0.04 correlation, their price movements are largely independent.
Performance
ISEC.AX vs. GLIN.AX - Performance Comparison
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Returns By Period
In the year-to-date period, ISEC.AX achieves a 1.92% return, which is significantly lower than GLIN.AX's 12.44% return.
ISEC.AX
- 1D
- 0.01%
- 1M
- 0.43%
- 6M
- 1.78%
- YTD
- 1.92%
- 1Y
- 3.77%
- 3Y*
- 4.36%
- 5Y*
- 3.27%
- 10Y*
- —
GLIN.AX
- 1D
- -0.77%
- 1M
- 0.78%
- 6M
- 12.69%
- YTD
- 12.44%
- 1Y
- 17.78%
- 3Y*
- 12.07%
- 5Y*
- —
- 10Y*
- —
ISEC.AX vs. GLIN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ISEC.AX iShares Enhanced Cash ETF | 1.92% | 4.40% | 4.74% | 2.72% |
GLIN.AX iShares Core FTSE Global Infrastructure (AUD Hedged) ETF | 12.44% | 12.04% | 12.01% | 0.06% |
Correlation
The correlation between ISEC.AX and GLIN.AX is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.04 |
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Return for Risk
ISEC.AX vs. GLIN.AX — Risk / Return Rank
ISEC.AX
GLIN.AX
ISEC.AX vs. GLIN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced Cash ETF (ISEC.AX) and iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.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.
| ISEC.AX | GLIN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.59 | ||
| Omega ratioGain probability vs. loss probability | 2.70 | 1.30 | +1.40 |
| Calmar ratioReturn relative to maximum drawdown | 9.72 | 3.19 | +6.54 |
| Martin ratioReturn relative to average drawdown | 29.94 | 9.92 | +20.02 |
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Drawdowns
ISEC.AX vs. GLIN.AX - Drawdown Comparison
The maximum ISEC.AX drawdown since its inception was -0.38%, smaller than the maximum GLIN.AX drawdown of -12.66%. Use the drawdown chart below to compare losses from any high point for ISEC.AX and GLIN.AX.
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Drawdown Indicators
| ISEC.AX | GLIN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.38% | -12.66% | +12.28% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | -5.76% | +5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -0.38% | -12.66% | +12.28% |
Max Drawdown (5Y)Largest decline over 5 years | -0.38% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.16% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -2.24% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 1.87% | -1.75% |
Volatility
ISEC.AX vs. GLIN.AX - Volatility Comparison
The current volatility for iShares Enhanced Cash ETF (ISEC.AX) is 0.09%, while iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.AX) has a volatility of 3.15%. This indicates that ISEC.AX experiences smaller price fluctuations and is considered to be less risky than GLIN.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISEC.AX | GLIN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 3.15% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.78% | 8.80% | -8.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.03% | 10.72% | -9.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.72% | 12.33% | -11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.57% | 12.33% | -11.76% |
Dividends
ISEC.AX vs. GLIN.AX - Dividend Comparison
ISEC.AX's dividend yield for the trailing twelve months is around 3.75%, less than GLIN.AX's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GLIN.AX iShares Core FTSE Global Infrastructure (AUD Hedged) ETF | 5.93% | 2.94% | 2.60% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISEC.AX iShares Enhanced Cash ETF | 3.75% | 4.32% | 4.55% | 3.93% | 1.05% | 0.13% | 0.57% | 1.68% | 1.96% | 0.88% |
Frequently Asked Questions
ISEC.AX and GLIN.AX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISEC.AX is categorized as Money Market, while GLIN.AX is Global Equities. ISEC.AX tracks iShares Enhanced Cash Index, while GLIN.AX tracks iShares Core FTSE Global Infrastructure (AUD Hedged) Index.
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