IVE.AX vs. ISEC.AX
IVE.AX (iShares MSCI EAFE ETF (AU)) and ISEC.AX (iShares Enhanced Cash ETF) are both exchange-traded funds - IVE.AX is a Global Equities fund tracking the iShares MSCI EAFE Index, while ISEC.AX is a Money Market fund tracking the iShares Enhanced Cash Index. Both are passively managed. Over the past 5 years, IVE.AX returned 10.15%/yr vs 3.27%/yr for ISEC.AX. At a 0.00 correlation, their price movements are largely independent.
Performance
IVE.AX vs. ISEC.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 ISEC.AX's 1.92% 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%
ISEC.AX
- 1D
- 0.01%
- 1M
- 0.43%
- 6M
- 1.78%
- YTD
- 1.92%
- 1Y
- 3.77%
- 3Y*
- 4.36%
- 5Y*
- 3.27%
- 10Y*
- —
IVE.AX vs. ISEC.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVE.AX iShares MSCI EAFE ETF (AU) | 5.33% | 21.53% | 11.29% | 16.82% | -6.23% | 16.98% | -0.38% | 22.82% | -3.05% | 1.83% |
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% |
Correlation
The correlation between IVE.AX and ISEC.AX is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2017 | 0.00 |
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Return for Risk
IVE.AX vs. ISEC.AX — Risk / Return Rank
IVE.AX
ISEC.AX
IVE.AX vs. ISEC.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE ETF (AU) (IVE.AX) and iShares Enhanced Cash ETF (ISEC.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 | ISEC.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.44 | ||
| Sortino ratioReturn per unit of downside risk | -3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 2.70 | -1.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 9.72 | -8.44 |
| Martin ratioReturn relative to average drawdown | 4.35 | 29.94 | -25.59 |
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Drawdowns
IVE.AX vs. ISEC.AX - Drawdown Comparison
The maximum IVE.AX drawdown since its inception was -45.63%, which is greater than ISEC.AX's maximum drawdown of -0.38%. Use the drawdown chart below to compare losses from any high point for IVE.AX and ISEC.AX.
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Drawdown Indicators
| IVE.AX | ISEC.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.63% | -0.38% | -45.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -0.38% | -10.28% |
Max Drawdown (3Y)Largest decline over 3 years | -10.66% | -0.38% | -10.28% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -0.38% | -18.90% |
Max Drawdown (10Y)Largest decline over 10 years | -24.20% | — | — |
Current DrawdownCurrent decline from peak | -1.65% | 0.00% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -13.68% | -0.03% | -13.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 0.12% | +3.06% |
Volatility
IVE.AX vs. ISEC.AX - Volatility Comparison
iShares MSCI EAFE ETF (AU) (IVE.AX) has a higher volatility of 2.80% compared to iShares Enhanced Cash ETF (ISEC.AX) at 0.09%. This indicates that IVE.AX's price experiences larger fluctuations and is considered to be riskier than ISEC.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 | ISEC.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 0.09% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 0.78% | +10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 1.03% | +11.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.12% | 0.72% | +11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.76% | 0.57% | +12.19% |
Dividends
IVE.AX vs. ISEC.AX - Dividend Comparison
IVE.AX's dividend yield for the trailing twelve months is around 3.59%, less than ISEC.AX's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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 ISEC.AX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVE.AX is categorized as Global Equities, while ISEC.AX is Money Market. IVE.AX tracks iShares MSCI EAFE Index, while ISEC.AX tracks iShares Enhanced Cash Index.
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