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IXJ.AX vs. WDMF.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXJ.AX vs. WDMF.AX

Last updated Jul 16, 2026
Documentation

IXJ.AX (iShares Global Healthcare ETF (AU)) and WDMF.AX (iShares World Equity Factor ETF) are both exchange-traded funds - IXJ.AX is a Health & Biotech Equities fund tracking the iShares Global Healthcare Index, while WDMF.AX is a Global Equities fund tracking the iShares World Equity Factor Index. Both are passively managed. Over the past 5 years, IXJ.AX returned 5.66%/yr vs 12.38%/yr for WDMF.AX. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

IXJ.AX vs. WDMF.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares Global Healthcare ETF (AU) (IXJ.AX) and iShares World Equity Factor ETF (WDMF.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, IXJ.AX achieves a -3.55% return, which is significantly lower than WDMF.AX's 5.97% 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%

WDMF.AX

1D
0.13%
1M
1.90%
6M
5.26%
YTD
5.97%
1Y
15.21%
3Y*
18.79%
5Y*
12.38%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXJ.AX vs. WDMF.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXJ.AX
iShares Global Healthcare ETF (AU)		-3.55%6.85%9.96%2.24%2.57%28.06%2.33%26.80%11.28%15.06%
WDMF.AX
iShares World Equity Factor ETF		5.97%15.40%30.82%14.10%-8.56%26.94%0.86%23.27%-3.75%18.89%

Correlation

The correlation between IXJ.AX and WDMF.AX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.32

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

0.43

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

0.47

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2016

0.53

Over the past year, the correlation between IXJ.AX and WDMF.AX has dropped to 0.32 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

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iShares Global Healthcare ETF (AU)

iShares World Equity Factor ETF

Return for Risk

IXJ.AX vs. WDMF.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXJ.AX
IXJ.AX Risk / Return Rank: 1818
Overall Rank
IXJ.AX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
IXJ.AX Sortino Ratio Rank: 2020
Sortino Ratio Rank
IXJ.AX Omega Ratio Rank: 1818
Omega Ratio Rank
IXJ.AX Calmar Ratio Rank: 1616
Calmar Ratio Rank
IXJ.AX Martin Ratio Rank: 1515
Martin Ratio Rank
WDMF.AX
WDMF.AX Risk / Return Rank: 5050
Overall Rank
WDMF.AX Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
WDMF.AX Sortino Ratio Rank: 5858
Sortino Ratio Rank
WDMF.AX Omega Ratio Rank: 6262
Omega Ratio Rank
WDMF.AX Calmar Ratio Rank: 3838
Calmar Ratio Rank
WDMF.AX Martin Ratio Rank: 3838
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.

IXJ.AX vs. WDMF.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 World Equity Factor ETF (WDMF.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.AXWDMF.AXDifference
Sharpe ratioReturn per unit of total volatility
0.57
1.58

-1.01

Sortino ratioReturn per unit of downside risk
0.95
2.24

-1.29

Omega ratioGain probability vs. loss probability

1.11

1.30

-0.19

Calmar ratioReturn relative to maximum drawdown

0.49

1.59

-1.10

Martin ratioReturn relative to average drawdown

1.06

4.83

-3.77

IXJ.AX vs. WDMF.AX - Sharpe Ratio Comparison

The current IXJ.AX Sharpe Ratio is 0.57, which is lower than the WDMF.AX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of IXJ.AX and WDMF.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

IXJ.AX vs. WDMF.AX - Drawdown Comparison

The maximum IXJ.AX drawdown since its inception was -17.30%, smaller than the maximum WDMF.AX drawdown of -25.36%. Use the drawdown chart below to compare losses from any high point for IXJ.AX and WDMF.AX.

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Drawdown Indicators

IXJ.AXWDMF.AXDifference

Max Drawdown

Largest peak-to-trough decline

-17.30%

-25.36%

+8.06%

Max Drawdown (1Y)

Largest decline over 1 year

-17.30%

-9.72%

-7.58%

Max Drawdown (3Y)

Largest decline over 3 years

-17.30%

-13.37%

-3.93%

Max Drawdown (5Y)

Largest decline over 5 years

-17.30%

-17.44%

+0.14%

Max Drawdown (10Y)

Largest decline over 10 years

-17.30%

—

—

Current Drawdown

Current decline from peak

-7.49%

-0.04%

-7.45%

Average Drawdown

Average peak-to-trough decline

-4.02%

-3.96%

-0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.11%

3.24%

+4.87%

Volatility

IXJ.AX vs. WDMF.AX - Volatility Comparison

iShares Global Healthcare ETF (AU) (IXJ.AX) has a higher volatility of 5.61% compared to iShares World Equity Factor ETF (WDMF.AX) at 2.24%. This indicates that IXJ.AX's price experiences larger fluctuations and is considered to be riskier than WDMF.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.AXWDMF.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.61%

2.24%

+3.37%

Volatility (6M)

Calculated over the trailing 6-month period

11.57%

7.76%

+3.81%

Volatility (1Y)

Calculated over the trailing 1-year period

14.97%

9.82%

+5.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.61%

12.36%

+1.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.61%

13.12%

+1.49%

Dividends

IXJ.AX vs. WDMF.AX - Dividend Comparison

IXJ.AX's dividend yield for the trailing twelve months is around 1.11%, less than WDMF.AX's 3.02% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
WDMF.AX
iShares World Equity Factor ETF		3.02%3.16%5.04%2.73%8.42%5.27%1.58%1.56%3.60%3.66%0.00%0.00%

Frequently Asked Questions

IXJ.AX and WDMF.AX have a correlation of 0.32, 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 WDMF.AX is Global Equities. IXJ.AX tracks iShares Global Healthcare Index, while WDMF.AX tracks iShares World Equity Factor Index.

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