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ISEC.AX vs. WDMF.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISEC.AX vs. WDMF.AX

Last updated Jul 16, 2026
Documentation

ISEC.AX (iShares Enhanced Cash ETF) and WDMF.AX (iShares World Equity Factor ETF) are both exchange-traded funds - ISEC.AX is a Money Market fund tracking the iShares Enhanced Cash Index, while WDMF.AX is a Global Equities fund tracking the iShares World Equity Factor Index. Both are passively managed. Over the past 5 years, ISEC.AX returned 3.27%/yr vs 12.38%/yr for WDMF.AX. At a 0.03 correlation, their price movements are largely independent.

Performance

ISEC.AX vs. WDMF.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares Enhanced Cash ETF (ISEC.AX) and iShares World Equity Factor ETF (WDMF.AX). The values are adjusted to include any dividend payments, if applicable.

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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 WDMF.AX's 5.97% 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*
—

WDMF.AX

1D
0.13%
1M
1.90%
6M
5.26%
YTD
5.97%
1Y
15.21%
3Y*
18.79%
5Y*
12.38%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISEC.AX vs. WDMF.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISEC.AX
iShares Enhanced Cash ETF		1.92%4.40%4.74%4.06%1.29%0.08%0.63%1.77%2.05%1.24%
WDMF.AX
iShares World Equity Factor ETF		5.97%15.40%30.82%14.10%-8.56%26.94%0.86%23.27%-3.75%8.37%

Correlation

The correlation between ISEC.AX and WDMF.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

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (All Time)
Calculated using the full available price history since Jun 2, 2017

0.03

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iShares Enhanced Cash ETF

iShares World Equity Factor ETF

Return for Risk

ISEC.AX vs. WDMF.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISEC.AX
ISEC.AX Risk / Return Rank: 9797
Overall Rank
ISEC.AX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
ISEC.AX Sortino Ratio Rank: 9797
Sortino Ratio Rank
ISEC.AX Omega Ratio Rank: 9999
Omega Ratio Rank
ISEC.AX Calmar Ratio Rank: 9898
Calmar Ratio Rank
ISEC.AX Martin Ratio Rank: 9696
Martin Ratio Rank
WDMF.AX
WDMF.AX Risk / Return Rank: 5050
Overall Rank
WDMF.AX Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
WDMF.AX Sortino Ratio Rank: 5858
Sortino Ratio Rank
WDMF.AX Omega Ratio Rank: 6262
Omega Ratio Rank
WDMF.AX Calmar Ratio Rank: 3838
Calmar Ratio Rank
WDMF.AX Martin Ratio Rank: 3838
Martin Ratio Rank
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.

ISEC.AX vs. WDMF.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced Cash ETF (ISEC.AX) and iShares World Equity Factor ETF (WDMF.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.AXWDMF.AXDifference
Sharpe ratioReturn per unit of total volatility
3.54
1.58

+1.97

Sortino ratioReturn per unit of downside risk
5.00
2.24

+2.76

Omega ratioGain probability vs. loss probability

2.70

1.30

+1.40

Calmar ratioReturn relative to maximum drawdown

9.72

1.59

+8.13

Martin ratioReturn relative to average drawdown

29.94

4.83

+25.11

ISEC.AX vs. WDMF.AX - Sharpe Ratio Comparison

The current ISEC.AX Sharpe Ratio is 3.54, which is higher than the WDMF.AX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of ISEC.AX and WDMF.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ISEC.AX vs. WDMF.AX - Drawdown Comparison

The maximum ISEC.AX drawdown since its inception was -0.38%, smaller than the maximum WDMF.AX drawdown of -25.36%. Use the drawdown chart below to compare losses from any high point for ISEC.AX and WDMF.AX.

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Drawdown Indicators

ISEC.AXWDMF.AXDifference

Max Drawdown

Largest peak-to-trough decline

-0.38%

-25.36%

+24.98%

Max Drawdown (1Y)

Largest decline over 1 year

-0.38%

-9.72%

+9.34%

Max Drawdown (3Y)

Largest decline over 3 years

-0.38%

-13.37%

+12.99%

Max Drawdown (5Y)

Largest decline over 5 years

-0.38%

-17.44%

+17.06%

Current Drawdown

Current decline from peak

0.00%

-0.04%

+0.04%

Average Drawdown

Average peak-to-trough decline

-0.03%

-3.96%

+3.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.12%

3.24%

-3.12%

Volatility

ISEC.AX vs. WDMF.AX - Volatility Comparison

The current volatility for iShares Enhanced Cash ETF (ISEC.AX) is 0.09%, while iShares World Equity Factor ETF (WDMF.AX) has a volatility of 2.24%. This indicates that ISEC.AX experiences smaller price fluctuations and is considered to be less risky than WDMF.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.AXWDMF.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.09%

2.24%

-2.15%

Volatility (6M)

Calculated over the trailing 6-month period

0.78%

7.76%

-6.98%

Volatility (1Y)

Calculated over the trailing 1-year period

1.03%

9.82%

-8.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.72%

12.36%

-11.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.57%

13.12%

-12.55%

Dividends

ISEC.AX vs. WDMF.AX - Dividend Comparison

ISEC.AX's dividend yield for the trailing twelve months is around 3.75%, more than WDMF.AX's 3.02% yield.

PositionTTM202520242023202220212020201920182017
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%
WDMF.AX
iShares World Equity Factor ETF		3.02%3.16%5.04%2.73%8.42%5.27%1.58%1.56%3.60%3.66%

Frequently Asked Questions

ISEC.AX and WDMF.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.

ISEC.AX is categorized as Money Market, while WDMF.AX is Global Equities. ISEC.AX tracks iShares Enhanced Cash Index, while WDMF.AX tracks iShares World Equity Factor Index.

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