IVE.AX vs. SEMI.AX
IVE.AX (iShares MSCI EAFE ETF (AU)) and SEMI.AX (Global X Semiconductor ETF) are both Global Equities funds - IVE.AX tracks the iShares MSCI EAFE Index while SEMI.AX tracks the Global X Semiconductor Index. Both are passively managed. Over the past 3 years, IVE.AX returned 13.56%/yr vs 56.20%/yr for SEMI.AX. At a 0.49 correlation, their price movements are largely independent.
Performance
IVE.AX vs. SEMI.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 lower than SEMI.AX's 73.20% 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%
SEMI.AX
- 1D
- -5.18%
- 1M
- -8.58%
- 6M
- 56.90%
- YTD
- 73.20%
- 1Y
- 121.94%
- 3Y*
- 56.20%
- 5Y*
- —
- 10Y*
- —
IVE.AX vs. SEMI.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IVE.AX iShares MSCI EAFE ETF (AU) | 5.33% | 21.53% | 11.29% | 16.82% | -6.23% | -0.18% |
SEMI.AX Global X Semiconductor ETF | 73.20% | 43.80% | 35.17% | 69.12% | -30.92% | 15.60% |
Correlation
The correlation between IVE.AX and SEMI.AX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | 0.49 |
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Return for Risk
IVE.AX vs. SEMI.AX — Risk / Return Rank
IVE.AX
SEMI.AX
IVE.AX vs. SEMI.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE ETF (AU) (IVE.AX) and Global X Semiconductor ETF (SEMI.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 | SEMI.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.50 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 8.01 | -6.73 |
| Martin ratioReturn relative to average drawdown | 4.35 | 25.91 | -21.56 |
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Drawdowns
IVE.AX vs. SEMI.AX - Drawdown Comparison
The maximum IVE.AX drawdown since its inception was -45.63%, which is greater than SEMI.AX's maximum drawdown of -38.85%. Use the drawdown chart below to compare losses from any high point for IVE.AX and SEMI.AX.
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Drawdown Indicators
| IVE.AX | SEMI.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.63% | -38.85% | -6.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -14.32% | +3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -10.66% | -32.53% | +21.87% |
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% | -14.32% | +12.67% |
Average DrawdownAverage peak-to-trough decline | -13.68% | -10.86% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 4.48% | -1.30% |
Volatility
IVE.AX vs. SEMI.AX - Volatility Comparison
The current volatility for iShares MSCI EAFE ETF (AU) (IVE.AX) is 2.80%, while Global X Semiconductor ETF (SEMI.AX) has a volatility of 15.14%. This indicates that IVE.AX experiences smaller price fluctuations and is considered to be less risky than SEMI.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 | SEMI.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 15.14% | -12.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 29.63% | -18.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 34.76% | -22.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.12% | 31.62% | -19.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.76% | 31.62% | -18.86% |
Dividends
IVE.AX vs. SEMI.AX - Dividend Comparison
IVE.AX's dividend yield for the trailing twelve months is around 3.59%, less than SEMI.AX's 7.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SEMI.AX Global X Semiconductor ETF | 7.62% | 5.60% | 3.44% | 0.54% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IVE.AX and SEMI.AX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVE.AX tracks iShares MSCI EAFE Index, while SEMI.AX tracks Global X Semiconductor Index. They also come from different issuers: iShares and Global X.
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