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IWLD.AX vs. IJR.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWLD.AX vs. IJR.AX

Last updated Jul 18, 2026
Documentation

IWLD.AX (iShares Core MSCI World Ex Australia ESG ETF) and IJR.AX (iShares S&P Small-Cap ETF) are both exchange-traded funds - IWLD.AX is a Global Equities fund tracking the iShares Core MSCI World Ex Australia ESG Index, while IJR.AX is a Small Cap Blend Equities fund tracking the iShares S&P Small-Cap Index. Both are passively managed. Over the past 10 years, IWLD.AX returned 13.93%/yr vs 19.56%/yr for IJR.AX. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

IWLD.AX vs. IJR.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares Core MSCI World Ex Australia ESG ETF (IWLD.AX) and iShares S&P Small-Cap ETF (IJR.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, IWLD.AX achieves a 3.21% return, which is significantly lower than IJR.AX's 16.16% return. Over the past 10 years, IWLD.AX has underperformed IJR.AX with an annualized return of 13.93%, while IJR.AX has yielded a comparatively higher 19.56% annualized return.

IWLD.AX

1D
-1.24%
1M
0.41%
6M
2.15%
YTD
3.21%
1Y
11.08%
3Y*
17.14%
5Y*
13.01%
10Y*
13.93%

IJR.AX

1D
0.28%
1M
3.74%
6M
8.94%
YTD
16.16%
1Y
22.67%
3Y*
13.24%
5Y*
9.11%
10Y*
19.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWLD.AX vs. IJR.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWLD.AX
iShares Core MSCI World Ex Australia ESG ETF		3.21%12.19%31.18%27.88%-16.19%38.02%3.84%27.93%-0.22%12.45%
IJR.AX
iShares S&P Small-Cap ETF		16.16%-1.20%16.88%16.63%-9.47%34.92%1.20%24.13%1.02%107.76%

Correlation

The correlation between IWLD.AX and IJR.AX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.60

Correlation (3Y)
Calculated over the trailing 3-year period

0.59

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

0.64

Correlation (10Y)
Calculated over the trailing 10-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Apr 22, 2016

0.62

The correlation between IWLD.AX and IJR.AX has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.

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iShares Core MSCI World Ex Australia ESG ETF

iShares S&P Small-Cap ETF

Often compared with IWLD.AX:
IWLD.AX vs. AUMF.AXIWLD.AX vs. BILL.AXIWLD.AX vs. CORE.AXIWLD.AX vs. ESGI.AXIWLD.AX vs. ESTX.AXIWLD.AX vs. F100.AXIWLD.AX vs. GLDN.AX
Often compared with IJR.AX:
IJR.AX vs. SSO.AXIJR.AX vs. ISO.AXIJR.AX vs. MVS.AXIJR.AX vs. SMLL.AXIJR.AX vs. VISM.AXIJR.AX vs. AUMF.AXIJR.AX vs. BILL.AX

Return for Risk

IWLD.AX vs. IJR.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWLD.AX
IWLD.AX Risk / Return Rank: 3232
Overall Rank
IWLD.AX Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
IWLD.AX Sortino Ratio Rank: 3434
Sortino Ratio Rank
IWLD.AX Omega Ratio Rank: 3838
Omega Ratio Rank
IWLD.AX Calmar Ratio Rank: 2424
Calmar Ratio Rank
IWLD.AX Martin Ratio Rank: 2626
Martin Ratio Rank
IJR.AX
IJR.AX Risk / Return Rank: 4949
Overall Rank
IJR.AX Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
IJR.AX Sortino Ratio Rank: 5050
Sortino Ratio Rank
IJR.AX Omega Ratio Rank: 4949
Omega Ratio Rank
IJR.AX Calmar Ratio Rank: 5050
Calmar Ratio Rank
IJR.AX Martin Ratio Rank: 4747
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.

IWLD.AX vs. IJR.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World Ex Australia ESG ETF (IWLD.AX) and iShares S&P Small-Cap ETF (IJR.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.

IWLD.AXIJR.AXDifference
Sharpe ratioReturn per unit of total volatility
1.00
1.33

-0.33

Sortino ratioReturn per unit of downside risk
1.43
1.90

-0.47

Omega ratioGain probability vs. loss probability

1.20

1.24

-0.04

Calmar ratioReturn relative to maximum drawdown

0.87

1.91

-1.04

Martin ratioReturn relative to average drawdown

2.57

5.86

-3.28

IWLD.AX vs. IJR.AX - Sharpe Ratio Comparison

The current IWLD.AX Sharpe Ratio is 1.00, which is comparable to the IJR.AX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of IWLD.AX and IJR.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

IWLD.AX vs. IJR.AX - Drawdown Comparison

The maximum IWLD.AX drawdown since its inception was -24.85%, smaller than the maximum IJR.AX drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for IWLD.AX and IJR.AX.

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Drawdown Indicators

IWLD.AXIJR.AXDifference

Max Drawdown

Largest peak-to-trough decline

-24.85%

-35.55%

+10.70%

Max Drawdown (1Y)

Largest decline over 1 year

-12.19%

-11.45%

-0.74%

Max Drawdown (3Y)

Largest decline over 3 years

-15.95%

-24.63%

+8.68%

Max Drawdown (5Y)

Largest decline over 5 years

-23.34%

-24.63%

+1.29%

Max Drawdown (10Y)

Largest decline over 10 years

-24.85%

-34.84%

+9.99%

Current Drawdown

Current decline from peak

-1.66%

-2.19%

+0.53%

Average Drawdown

Average peak-to-trough decline

-4.48%

-8.01%

+3.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.21%

3.78%

+0.43%

Volatility

IWLD.AX vs. IJR.AX - Volatility Comparison

The current volatility for iShares Core MSCI World Ex Australia ESG ETF (IWLD.AX) is 2.65%, while iShares S&P Small-Cap ETF (IJR.AX) has a volatility of 3.47%. This indicates that IWLD.AX experiences smaller price fluctuations and is considered to be less risky than IJR.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWLD.AXIJR.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.65%

3.47%

-0.82%

Volatility (6M)

Calculated over the trailing 6-month period

8.44%

12.33%

-3.89%

Volatility (1Y)

Calculated over the trailing 1-year period

10.68%

16.53%

-5.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.78%

18.46%

-4.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.87%

36.91%

-23.04%

Dividends

IWLD.AX vs. IJR.AX - Dividend Comparison

IWLD.AX's dividend yield for the trailing twelve months is around 0.94%, more than IJR.AX's 0.76% yield.

PositionTTM2025202420232022202120202019201820172016
IJR.AX
iShares S&P Small-Cap ETF		0.76%0.87%1.26%1.29%1.86%1.66%1.52%2.18%1.53%0.10%0.70%
IWLD.AX
iShares Core MSCI World Ex Australia ESG ETF		0.94%1.21%1.15%2.36%0.77%13.52%2.08%3.20%2.52%1.41%0.00%

Frequently Asked Questions

IWLD.AX and IJR.AX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWLD.AX is categorized as Global Equities, while IJR.AX is Small Cap Blend Equities. IWLD.AX tracks iShares Core MSCI World Ex Australia ESG Index, while IJR.AX tracks iShares S&P Small-Cap Index.

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