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IXI.AX vs. IHEB.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXI.AX vs. IHEB.AX

Last updated Jul 18, 2026
Documentation

IXI.AX (iShares Global Consumer Staples ETF (AU)) and IHEB.AX (iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF) are both exchange-traded funds - IXI.AX is a Global Equities fund tracking the iShares Global Consumer Staples Index, while IHEB.AX is a Total Bond Market fund tracking the iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) Index. Both are passively managed. Over the past 10 years, IXI.AX returned 14.68%/yr vs 3.42%/yr for IHEB.AX. At a 0.05 correlation, their price movements are largely independent.

Performance

IXI.AX vs. IHEB.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares Global Consumer Staples ETF (AU) (IXI.AX) and iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF (IHEB.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, IXI.AX achieves a 3.22% return, which is significantly higher than IHEB.AX's 0.96% return. Over the past 10 years, IXI.AX has outperformed IHEB.AX with an annualized return of 14.68%, while IHEB.AX has yielded a comparatively lower 3.42% annualized return.

IXI.AX

1D
1.94%
1M
2.08%
6M
0.41%
YTD
3.22%
1Y
0.75%
3Y*
4.25%
5Y*
5.38%
10Y*
14.68%

IHEB.AX

1D
-0.30%
1M
-1.10%
6M
1.00%
YTD
0.96%
1Y
9.05%
3Y*
8.33%
5Y*
1.52%
10Y*
3.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXI.AX vs. IHEB.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXI.AX
iShares Global Consumer Staples ETF (AU)		3.22%1.25%11.04%0.75%2.49%19.24%-1.12%25.61%99.06%12.09%
IHEB.AX
iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF		0.96%13.46%6.18%9.22%-17.76%-1.00%7.74%18.63%-7.42%12.01%

Correlation

The correlation between IXI.AX and IHEB.AX is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.14

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

-0.08

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

0.02

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

0.06

Correlation (All Time)
Calculated using the full available price history since Dec 4, 2015

0.05

The correlation between IXI.AX and IHEB.AX shifts across timeframes, from -0.14 (1 year) to 0.06 (10 years), reflecting how their relationship changes across market environments.

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iShares Global Consumer Staples ETF (AU)

iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF

Often compared with IXI.AX:
IXI.AX vs. WDMF.AXIXI.AX vs. AUMF.AXIXI.AX vs. BILL.AXIXI.AX vs. CORE.AXIXI.AX vs. ESGI.AXIXI.AX vs. ESTX.AXIXI.AX vs. F100.AX
Often compared with IHEB.AX:
IHEB.AX vs. BNDS.AXIHEB.AX vs. BOND.AXIHEB.AX vs. IAF.AXIHEB.AX vs. IHHY.AXIHEB.AX vs. IVV.AXIHEB.AX vs. QPON.AXIHEB.AX vs. VAF.AX

Return for Risk

IXI.AX vs. IHEB.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXI.AX
IXI.AX Risk / Return Rank: 1111
Overall Rank
IXI.AX Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
IXI.AX Sortino Ratio Rank: 1111
Sortino Ratio Rank
IXI.AX Omega Ratio Rank: 1010
Omega Ratio Rank
IXI.AX Calmar Ratio Rank: 1111
Calmar Ratio Rank
IXI.AX Martin Ratio Rank: 1111
Martin Ratio Rank
IHEB.AX
IHEB.AX Risk / Return Rank: 6060
Overall Rank
IHEB.AX Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
IHEB.AX Sortino Ratio Rank: 6363
Sortino Ratio Rank
IHEB.AX Omega Ratio Rank: 6666
Omega Ratio Rank
IHEB.AX Calmar Ratio Rank: 5050
Calmar Ratio Rank
IHEB.AX Martin Ratio Rank: 5656
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.

IXI.AX vs. IHEB.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Consumer Staples ETF (AU) (IXI.AX) and iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF (IHEB.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.

IXI.AXIHEB.AXDifference
Sharpe ratioReturn per unit of total volatility
0.05
1.55

-1.50

Sortino ratioReturn per unit of downside risk
0.18
2.23

-2.04

Omega ratioGain probability vs. loss probability

1.02

1.30

-0.28

Calmar ratioReturn relative to maximum drawdown

0.07

1.92

-1.85

Martin ratioReturn relative to average drawdown

0.12

7.25

-7.13

IXI.AX vs. IHEB.AX - Sharpe Ratio Comparison

The current IXI.AX Sharpe Ratio is 0.05, which is lower than the IHEB.AX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of IXI.AX and IHEB.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

IXI.AX vs. IHEB.AX - Drawdown Comparison

The maximum IXI.AX drawdown since its inception was -14.98%, smaller than the maximum IHEB.AX drawdown of -31.64%. Use the drawdown chart below to compare losses from any high point for IXI.AX and IHEB.AX.

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Drawdown Indicators

IXI.AXIHEB.AXDifference

Max Drawdown

Largest peak-to-trough decline

-14.98%

-31.64%

+16.66%

Max Drawdown (1Y)

Largest decline over 1 year

-11.04%

-4.64%

-6.40%

Max Drawdown (3Y)

Largest decline over 3 years

-11.04%

-7.51%

-3.53%

Max Drawdown (5Y)

Largest decline over 5 years

-11.20%

-27.90%

+16.70%

Max Drawdown (10Y)

Largest decline over 10 years

-14.98%

-31.64%

+16.66%

Current Drawdown

Current decline from peak

-4.47%

-1.10%

-3.37%

Average Drawdown

Average peak-to-trough decline

-3.24%

-6.27%

+3.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.44%

1.24%

+5.20%

Volatility

IXI.AX vs. IHEB.AX - Volatility Comparison

iShares Global Consumer Staples ETF (AU) (IXI.AX) has a higher volatility of 4.83% compared to iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF (IHEB.AX) at 1.11%. This indicates that IXI.AX's price experiences larger fluctuations and is considered to be riskier than IHEB.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IXI.AXIHEB.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.83%

1.11%

+3.72%

Volatility (6M)

Calculated over the trailing 6-month period

11.24%

4.83%

+6.41%

Volatility (1Y)

Calculated over the trailing 1-year period

13.43%

5.76%

+7.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.56%

10.72%

+1.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.04%

12.04%

+22.00%

Dividends

IXI.AX vs. IHEB.AX - Dividend Comparison

IXI.AX's dividend yield for the trailing twelve months is around 1.28%, less than IHEB.AX's 6.03% yield.

PositionTTM20252024202320222021202020192018201720162015
IHEB.AX
iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF		6.03%5.74%9.24%5.17%8.58%6.14%9.71%6.51%3.59%6.82%0.00%0.00%
IXI.AX
iShares Global Consumer Staples ETF (AU)		1.28%1.07%0.87%1.94%2.82%2.46%2.85%4.05%2.08%5.54%3.69%4.07%

Frequently Asked Questions

IXI.AX and IHEB.AX have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IXI.AX is categorized as Global Equities, while IHEB.AX is Total Bond Market. IXI.AX tracks iShares Global Consumer Staples Index, while IHEB.AX tracks iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) Index.

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