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

MVOL.AX vs. IXI.AX

Last updated Jul 18, 2026
Documentation

MVOL.AX (iShares Edge MSCI Australia Minimum Volatility ETF) and IXI.AX (iShares Global Consumer Staples ETF (AU)) are both Global Equities funds from iShares - MVOL.AX tracks the iShares Edge MSCI Australia Minimum Volatility Index while IXI.AX tracks the iShares Global Consumer Staples Index. Both are passively managed. Over the past 5 years, MVOL.AX returned 7.28%/yr vs 5.38%/yr for IXI.AX. At a 0.22 correlation, their price movements are largely independent.

Performance

MVOL.AX vs. IXI.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares Edge MSCI Australia Minimum Volatility ETF (MVOL.AX) and iShares Global Consumer Staples ETF (AU) (IXI.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, MVOL.AX achieves a 1.26% return, which is significantly lower than IXI.AX's 3.22% return.

MVOL.AX

1D
-0.06%
1M
-0.28%
6M
2.16%
YTD
1.26%
1Y
3.51%
3Y*
9.76%
5Y*
7.28%
10Y*
—

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
MVOL.AX
iShares Edge MSCI Australia Minimum Volatility ETF		1.26%12.17%12.96%9.32%-4.40%17.33%-2.46%19.75%-1.61%11.61%
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%

Correlation

The correlation between MVOL.AX and IXI.AX is 0.07, 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

0.07

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

0.09

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

0.15

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

0.22

The correlation between MVOL.AX and IXI.AX shifts across timeframes, from 0.07 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

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iShares Edge MSCI Australia Minimum Volatility ETF

iShares Global Consumer Staples ETF (AU)

Often compared with MVOL.AX:
MVOL.AX vs. ISEC.AXMVOL.AX vs. AUMF.AXMVOL.AX vs. BILL.AXMVOL.AX vs. GLIN.AXMVOL.AX vs. IAA.AXMVOL.AX vs. IEM.AXMVOL.AX vs. IHOO.AX
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

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MVOL.AX
MVOL.AX Risk / Return Rank: 1616
Overall Rank
MVOL.AX Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
MVOL.AX Sortino Ratio Rank: 1515
Sortino Ratio Rank
MVOL.AX Omega Ratio Rank: 1616
Omega Ratio Rank
MVOL.AX Calmar Ratio Rank: 1717
Calmar Ratio Rank
MVOL.AX Martin Ratio Rank: 1717
Martin Ratio Rank
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
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Australia Minimum Volatility ETF (MVOL.AX) and iShares Global Consumer Staples ETF (AU) (IXI.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.

MVOL.AXIXI.AXDifference
Sharpe ratioReturn per unit of total volatility
0.34
0.05

+0.28

Sortino ratioReturn per unit of downside risk
0.53
0.18

+0.35

Omega ratioGain probability vs. loss probability

1.07

1.02

+0.05

Calmar ratioReturn relative to maximum drawdown

0.45

0.07

+0.39

Martin ratioReturn relative to average drawdown

1.14

0.12

+1.03

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

The current MVOL.AX Sharpe Ratio is 0.34, which is higher than the IXI.AX Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of MVOL.AX and IXI.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

MVOL.AX vs. IXI.AX - Drawdown Comparison

The maximum MVOL.AX drawdown since its inception was -33.22%, which is greater than IXI.AX's maximum drawdown of -14.98%. Use the drawdown chart below to compare losses from any high point for MVOL.AX and IXI.AX.

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Drawdown Indicators

MVOL.AXIXI.AXDifference

Max Drawdown

Largest peak-to-trough decline

-33.22%

-14.98%

-18.24%

Max Drawdown (1Y)

Largest decline over 1 year

-7.58%

-11.04%

+3.46%

Max Drawdown (3Y)

Largest decline over 3 years

-7.83%

-11.04%

+3.21%

Max Drawdown (5Y)

Largest decline over 5 years

-14.01%

-11.20%

-2.81%

Max Drawdown (10Y)

Largest decline over 10 years

—

-14.98%

—

Current Drawdown

Current decline from peak

-1.43%

-4.47%

+3.04%

Average Drawdown

Average peak-to-trough decline

-4.09%

-3.24%

-0.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

6.44%

-3.41%

Volatility

MVOL.AX vs. IXI.AX - Volatility Comparison

The current volatility for iShares Edge MSCI Australia Minimum Volatility ETF (MVOL.AX) is 2.65%, while iShares Global Consumer Staples ETF (AU) (IXI.AX) has a volatility of 4.83%. This indicates that MVOL.AX experiences smaller price fluctuations and is considered to be less risky than IXI.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MVOL.AXIXI.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.65%

4.83%

-2.18%

Volatility (6M)

Calculated over the trailing 6-month period

8.63%

11.24%

-2.61%

Volatility (1Y)

Calculated over the trailing 1-year period

10.16%

13.43%

-3.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.11%

12.56%

-1.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.78%

34.04%

-21.26%

Dividends

MVOL.AX vs. IXI.AX - Dividend Comparison

MVOL.AX's dividend yield for the trailing twelve months is around 1.30%, more than IXI.AX's 1.28% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
MVOL.AX
iShares Edge MSCI Australia Minimum Volatility ETF		1.30%4.16%4.80%5.19%3.72%2.71%2.67%2.95%7.87%2.08%0.00%0.00%

Frequently Asked Questions

MVOL.AX and IXI.AX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MVOL.AX tracks iShares Edge MSCI Australia Minimum Volatility Index, while IXI.AX tracks iShares Global Consumer Staples Index.

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