IVE.AX vs. CORE.AX
IVE.AX (iShares MSCI EAFE ETF (AU)) and CORE.AX (Schroder Global Core Fund - Active ETF) are both Global Equities funds. IVE.AX is passively managed, while CORE.AX is actively managed. Over the past year, IVE.AX returned 13.07% vs 15.14% for CORE.AX. At a 0.46 correlation, their price movements are largely independent.
Performance
IVE.AX vs. CORE.AX - Performance Comparison
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Returns By Period
In the year-to-date period, IVE.AX achieves a 5.33% return, which is significantly higher than CORE.AX's 4.95% return.
IVE.AX
- 1D
- 0.23%
- 1M
- 0.41%
- 6M
- 2.52%
- YTD
- 5.33%
- 1Y
- 13.07%
- 3Y*
- 13.56%
- 5Y*
- 10.15%
- 10Y*
- 10.14%
CORE.AX
- 1D
- -0.25%
- 1M
- 0.93%
- 6M
- 4.67%
- YTD
- 4.95%
- 1Y
- 15.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVE.AX vs. CORE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IVE.AX iShares MSCI EAFE ETF (AU) | 5.33% | 7.09% |
CORE.AX Schroder Global Core Fund - Active ETF | 4.95% | 12.78% |
Correlation
The correlation between IVE.AX and CORE.AX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.46 |
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Return for Risk
IVE.AX vs. CORE.AX — Risk / Return Rank
IVE.AX
CORE.AX
IVE.AX vs. CORE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE ETF (AU) (IVE.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.
| IVE.AX | CORE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.68 | -0.40 |
| Martin ratioReturn relative to average drawdown | 4.35 | 4.54 | -0.19 |
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Drawdowns
IVE.AX vs. CORE.AX - Drawdown Comparison
The maximum IVE.AX drawdown since its inception was -45.63%, 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 IVE.AX and CORE.AX.
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Drawdown Indicators
| IVE.AX | CORE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.63% | -10.20% | -35.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -10.20% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -10.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.20% | — | — |
Current DrawdownCurrent decline from peak | -1.65% | -1.34% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -13.68% | -2.60% | -11.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | — | — |
Volatility
IVE.AX vs. CORE.AX - Volatility Comparison
iShares MSCI EAFE ETF (AU) (IVE.AX) has a higher volatility of 2.80% compared to Schroder Global Core Fund - Active ETF (CORE.AX) at 2.12%. This indicates that IVE.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
| IVE.AX | CORE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 2.12% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 7.39% | +3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 12.44% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.12% | 12.50% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.76% | 12.50% | +0.26% |
Dividends
IVE.AX vs. CORE.AX - Dividend Comparison
IVE.AX's dividend yield for the trailing twelve months is around 3.59%, more than CORE.AX's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IVE.AX iShares MSCI EAFE ETF (AU) | 3.59% | 3.54% | 1.59% | 2.76% | 3.74% | 3.49% | 2.53% | 4.82% | 3.37% | 1.17% |
Frequently Asked Questions
IVE.AX and CORE.AX have a correlation of 0.46, 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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