IXJ.AX vs. GLDN.AX
IXJ.AX (iShares Global Healthcare ETF (AU)) and GLDN.AX (Ishares Physical Gold ETF) are both exchange-traded funds - IXJ.AX is a Health & Biotech Equities fund tracking the iShares Global Healthcare Index, while GLDN.AX is a Gold fund tracking the LBMA Gold Price PM AUD Index. Both are passively managed. Over the past year, IXJ.AX returned 7.22% vs 12.58% for GLDN.AX. At a 0.08 correlation, their price movements are largely independent.
Performance
IXJ.AX vs. GLDN.AX - Performance Comparison
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Returns By Period
In the year-to-date period, IXJ.AX achieves a -3.55% return, which is significantly higher than GLDN.AX's -11.15% return.
IXJ.AX
- 1D
- 0.44%
- 1M
- 3.40%
- 6M
- -4.71%
- YTD
- -3.55%
- 1Y
- 7.22%
- 3Y*
- 5.25%
- 5Y*
- 5.66%
- 10Y*
- 9.55%
GLDN.AX
- 1D
- 0.24%
- 1M
- -4.83%
- 6M
- -16.42%
- YTD
- -11.15%
- 1Y
- 12.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXJ.AX vs. GLDN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IXJ.AX iShares Global Healthcare ETF (AU) | -3.55% | 6.85% | 9.96% | 2.66% |
GLDN.AX Ishares Physical Gold ETF | -11.15% | 55.11% | 38.15% | -3.32% |
Correlation
The correlation between IXJ.AX and GLDN.AX is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.08 |
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Return for Risk
IXJ.AX vs. GLDN.AX — Risk / Return Rank
IXJ.AX
GLDN.AX
IXJ.AX vs. GLDN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Healthcare ETF (AU) (IXJ.AX) and Ishares Physical Gold ETF (GLDN.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.
| IXJ.AX | GLDN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.12 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 0.46 | +0.03 |
| Martin ratioReturn relative to average drawdown | 1.06 | 1.00 | +0.06 |
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Drawdowns
IXJ.AX vs. GLDN.AX - Drawdown Comparison
The maximum IXJ.AX drawdown since its inception was -17.30%, smaller than the maximum GLDN.AX drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for IXJ.AX and GLDN.AX.
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Drawdown Indicators
| IXJ.AX | GLDN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.30% | -26.62% | +9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -17.30% | -26.62% | +9.32% |
Max Drawdown (3Y)Largest decline over 3 years | -17.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.30% | — | — |
Current DrawdownCurrent decline from peak | -7.49% | -26.28% | +18.79% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -5.16% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.11% | 12.44% | -4.33% |
Volatility
IXJ.AX vs. GLDN.AX - Volatility Comparison
The current volatility for iShares Global Healthcare ETF (AU) (IXJ.AX) is 5.61%, while Ishares Physical Gold ETF (GLDN.AX) has a volatility of 6.35%. This indicates that IXJ.AX experiences smaller price fluctuations and is considered to be less risky than GLDN.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IXJ.AX | GLDN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 6.35% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 21.71% | -10.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 25.11% | -10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.61% | 19.55% | -5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 19.55% | -4.94% |
Dividends
IXJ.AX vs. GLDN.AX - Dividend Comparison
IXJ.AX's dividend yield for the trailing twelve months is around 1.11%, while GLDN.AX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDN.AX Ishares Physical Gold ETF | 0.00% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXJ.AX iShares Global Healthcare ETF (AU) | 1.11% | 0.94% | 1.56% | 1.44% | 1.71% | 1.37% | 1.89% | 2.86% | 0.74% | 3.99% | 5.60% | 9.60% |
Frequently Asked Questions
IXJ.AX and GLDN.AX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXJ.AX is categorized as Health & Biotech Equities, while GLDN.AX is Gold. IXJ.AX tracks iShares Global Healthcare Index, while GLDN.AX tracks LBMA Gold Price PM AUD Index.
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