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

IWLD.AX vs. IOZ.AX

Last updated Jul 16, 2026
Documentation

IWLD.AX (iShares Core MSCI World Ex Australia ESG ETF) and IOZ.AX (Ishares Core S&P/ASX 200 ETF) are both exchange-traded funds - IWLD.AX is a Global Equities fund tracking the iShares Core MSCI World Ex Australia ESG Index, while IOZ.AX is a Australia Equities fund tracking the S&P/ASX 200 Index. Both are passively managed. Over the past 10 years, IWLD.AX returned 14.11%/yr vs 8.95%/yr for IOZ.AX. At a 0.49 correlation, their price movements are largely independent.

Performance

IWLD.AX vs. IOZ.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 Core S&P/ASX 200 ETF (IOZ.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 higher than IOZ.AX's 3.07% return. Over the past 10 years, IWLD.AX has outperformed IOZ.AX with an annualized return of 14.11%, while IOZ.AX has yielded a comparatively lower 8.95% 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%

IOZ.AX

1D
0.11%
1M
-0.68%
6M
1.81%
YTD
3.07%
1Y
5.71%
3Y*
10.31%
5Y*
7.72%
10Y*
8.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWLD.AX vs. IOZ.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%
IOZ.AX
Ishares Core S&P/ASX 200 ETF		3.07%10.22%11.35%12.19%-0.91%16.90%1.35%23.29%-2.99%11.59%

Correlation

The correlation between IWLD.AX and IOZ.AX is 0.52, 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

0.52

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

0.46

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

0.53

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

0.50

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

0.49

The correlation between IWLD.AX and IOZ.AX has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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iShares Core MSCI World Ex Australia ESG ETF

Ishares Core S&P/ASX 200 ETF

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Return for Risk

IWLD.AX vs. IOZ.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
IOZ.AX
IOZ.AX Risk / Return Rank: 1919
Overall Rank
IOZ.AX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
IOZ.AX Sortino Ratio Rank: 1818
Sortino Ratio Rank
IOZ.AX Omega Ratio Rank: 1818
Omega Ratio Rank
IOZ.AX Calmar Ratio Rank: 2020
Calmar Ratio Rank
IOZ.AX Martin Ratio Rank: 2020
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. IOZ.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 Core S&P/ASX 200 ETF (IOZ.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.AXIOZ.AXDifference
Sharpe ratioReturn per unit of total volatility
1.27
0.53

+0.74

Sortino ratioReturn per unit of downside risk
1.79
0.83

+0.96

Omega ratioGain probability vs. loss probability

1.25

1.10

+0.15

Calmar ratioReturn relative to maximum drawdown

1.10

0.75

+0.35

Martin ratioReturn relative to average drawdown

3.25

1.80

+1.44

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

The current IWLD.AX Sharpe Ratio is 1.27, which is higher than the IOZ.AX Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of IWLD.AX and IOZ.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. IOZ.AX - Drawdown Comparison

The maximum IWLD.AX drawdown since its inception was -24.85%, smaller than the maximum IOZ.AX drawdown of -35.75%. Use the drawdown chart below to compare losses from any high point for IWLD.AX and IOZ.AX.

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Drawdown Indicators

IWLD.AXIOZ.AXDifference

Max Drawdown

Largest peak-to-trough decline

-24.85%

-35.75%

+10.90%

Max Drawdown (1Y)

Largest decline over 1 year

-12.19%

-8.45%

-3.74%

Max Drawdown (3Y)

Largest decline over 3 years

-15.95%

-13.35%

-2.60%

Max Drawdown (5Y)

Largest decline over 5 years

-23.34%

-14.92%

-8.42%

Max Drawdown (10Y)

Largest decline over 10 years

-24.85%

-35.75%

+10.90%

Current Drawdown

Current decline from peak

-0.42%

-2.78%

+2.36%

Average Drawdown

Average peak-to-trough decline

-4.49%

-4.70%

+0.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.21%

3.61%

+0.60%

Volatility

IWLD.AX vs. IOZ.AX - Volatility Comparison

iShares Core MSCI World Ex Australia ESG ETF (IWLD.AX) and Ishares Core S&P/ASX 200 ETF (IOZ.AX) have volatilities of 2.31% and 2.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWLD.AXIOZ.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.31%

2.34%

-0.03%

Volatility (6M)

Calculated over the trailing 6-month period

8.39%

9.91%

-1.52%

Volatility (1Y)

Calculated over the trailing 1-year period

10.62%

12.17%

-1.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.77%

12.86%

+0.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.87%

14.28%

-0.41%

Dividends

IWLD.AX vs. IOZ.AX - Dividend Comparison

IWLD.AX's dividend yield for the trailing twelve months is around 0.93%, less than IOZ.AX's 3.42% yield.

PositionTTM20252024202320222021202020192018201720162015
IOZ.AX
Ishares Core S&P/ASX 200 ETF		3.42%3.39%3.47%3.73%6.11%3.32%2.40%4.62%4.27%3.90%4.89%7.69%
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 IOZ.AX have a correlation of 0.52, 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 IOZ.AX is Australia Equities. IWLD.AX tracks iShares Core MSCI World Ex Australia ESG Index, while IOZ.AX tracks S&P/ASX 200 Index.

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