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

IWLD.AX vs. ILC.AX

Last updated Jul 16, 2026
Documentation

IWLD.AX (iShares Core MSCI World Ex Australia ESG ETF) and ILC.AX (iShares S&P/ASX 20 ETF) are both Global Equities funds from iShares - IWLD.AX tracks the iShares Core MSCI World Ex Australia ESG Index while ILC.AX tracks the iShares S&P/ASX 20 Index. Both are passively managed. Over the past 10 years, IWLD.AX returned 14.11%/yr vs 9.58%/yr for ILC.AX. At a 0.44 correlation, their price movements are largely independent.

Performance

IWLD.AX vs. ILC.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/ASX 20 ETF (ILC.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 4.51% return, which is significantly lower than ILC.AX's 9.65% return. Over the past 10 years, IWLD.AX has outperformed ILC.AX with an annualized return of 14.11%, while ILC.AX has yielded a comparatively lower 9.58% annualized return.

IWLD.AX

1D
0.00%
1M
1.79%
6M
3.63%
YTD
4.51%
1Y
13.37%
3Y*
17.73%
5Y*
13.29%
10Y*
14.11%

ILC.AX

1D
0.12%
1M
1.00%
6M
9.35%
YTD
9.65%
1Y
10.72%
3Y*
12.47%
5Y*
8.97%
10Y*
9.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IWLD.AX
iShares Core MSCI World Ex Australia ESG ETF		4.51%12.19%31.18%27.88%-16.19%38.02%3.84%27.93%-0.22%12.45%
ILC.AX
iShares S&P/ASX 20 ETF		9.65%7.10%11.42%12.56%3.62%15.87%0.87%20.21%-0.14%6.77%

Correlation

The correlation between IWLD.AX and ILC.AX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.43

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

0.39

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

0.45

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

0.45

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

0.44

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iShares Core MSCI World Ex Australia ESG ETF

iShares S&P/ASX 20 ETF

Return for Risk

IWLD.AX vs. ILC.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: 3737
Overall Rank
IWLD.AX Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
IWLD.AX Sortino Ratio Rank: 4141
Sortino Ratio Rank
IWLD.AX Omega Ratio Rank: 4646
Omega Ratio Rank
IWLD.AX Calmar Ratio Rank: 2626
Calmar Ratio Rank
IWLD.AX Martin Ratio Rank: 2828
Martin Ratio Rank
ILC.AX
ILC.AX Risk / Return Rank: 2929
Overall Rank
ILC.AX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
ILC.AX Sortino Ratio Rank: 2626
Sortino Ratio Rank
ILC.AX Omega Ratio Rank: 2525
Omega Ratio Rank
ILC.AX Calmar Ratio Rank: 3838
Calmar Ratio Rank
ILC.AX Martin Ratio Rank: 3030
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. ILC.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/ASX 20 ETF (ILC.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.AXILC.AXDifference
Sharpe ratioReturn per unit of total volatility
1.27
0.81

+0.46

Sortino ratioReturn per unit of downside risk
1.79
1.25

+0.54

Omega ratioGain probability vs. loss probability

1.25

1.15

+0.10

Calmar ratioReturn relative to maximum drawdown

1.10

1.60

-0.50

Martin ratioReturn relative to average drawdown

3.25

3.57

-0.32

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

The current IWLD.AX Sharpe Ratio is 1.27, which is higher than the ILC.AX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of IWLD.AX and ILC.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. ILC.AX - Drawdown Comparison

The maximum IWLD.AX drawdown since its inception was -24.85%, smaller than the maximum ILC.AX drawdown of -31.95%. Use the drawdown chart below to compare losses from any high point for IWLD.AX and ILC.AX.

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Drawdown Indicators

IWLD.AXILC.AXDifference

Max Drawdown

Largest peak-to-trough decline

-24.85%

-31.95%

+7.10%

Max Drawdown (1Y)

Largest decline over 1 year

-12.19%

-7.57%

-4.62%

Max Drawdown (3Y)

Largest decline over 3 years

-15.95%

-13.62%

-2.33%

Max Drawdown (5Y)

Largest decline over 5 years

-23.34%

-14.27%

-9.07%

Max Drawdown (10Y)

Largest decline over 10 years

-24.85%

-31.95%

+7.10%

Current Drawdown

Current decline from peak

-0.42%

-1.27%

+0.85%

Average Drawdown

Average peak-to-trough decline

-4.49%

-5.43%

+0.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.21%

3.44%

+0.77%

Volatility

IWLD.AX vs. ILC.AX - Volatility Comparison

The current volatility for iShares Core MSCI World Ex Australia ESG ETF (IWLD.AX) is 2.31%, while iShares S&P/ASX 20 ETF (ILC.AX) has a volatility of 3.06%. This indicates that IWLD.AX experiences smaller price fluctuations and is considered to be less risky than ILC.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.AXILC.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.31%

3.06%

-0.75%

Volatility (6M)

Calculated over the trailing 6-month period

8.39%

10.86%

-2.47%

Volatility (1Y)

Calculated over the trailing 1-year period

10.62%

15.06%

-4.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.77%

13.78%

-0.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.87%

15.10%

-1.23%

Dividends

IWLD.AX vs. ILC.AX - Dividend Comparison

IWLD.AX's dividend yield for the trailing twelve months is around 0.93%, less than ILC.AX's 3.73% yield.

PositionTTM20252024202320222021202020192018201720162015
ILC.AX
iShares S&P/ASX 20 ETF		3.73%4.04%4.49%4.01%6.95%3.91%1.96%5.38%4.99%4.99%4.55%5.50%
IWLD.AX
iShares Core MSCI World Ex Australia ESG ETF		0.93%1.21%1.15%2.36%0.77%13.52%2.08%3.20%2.52%1.41%0.00%0.00%

Frequently Asked Questions

IWLD.AX and ILC.AX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWLD.AX tracks iShares Core MSCI World Ex Australia ESG Index, while ILC.AX tracks iShares S&P/ASX 20 Index.

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