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OOO.AX vs. ILC.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OOO.AX vs. ILC.AX

Last updated Jul 18, 2026
Documentation

OOO.AX (Betashares Crude Oil Index Currency Hedged Complex ETF) and ILC.AX (iShares S&P/ASX 20 ETF) are both Global Equities funds. OOO.AX is actively managed, while ILC.AX is passively managed. Over the past 10 years, OOO.AX returned 0.09%/yr vs 9.53%/yr for ILC.AX. At a 0.19 correlation, their price movements are largely independent.

Performance

OOO.AX vs. ILC.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.AX) and iShares S&P/ASX 20 ETF (ILC.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, OOO.AX achieves a 61.45% return, which is significantly higher than ILC.AX's 8.74% return. Over the past 10 years, OOO.AX has underperformed ILC.AX with an annualized return of 0.09%, while ILC.AX has yielded a comparatively higher 9.53% annualized return.

OOO.AX

1D
-1.37%
1M
3.98%
6M
58.36%
YTD
61.45%
1Y
49.48%
3Y*
18.76%
5Y*
11.03%
10Y*
0.09%

ILC.AX

1D
-0.83%
1M
-0.75%
6M
6.79%
YTD
8.74%
1Y
10.10%
3Y*
12.16%
5Y*
8.79%
10Y*
9.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

OOO.AX vs. ILC.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
OOO.AX
Betashares Crude Oil Index Currency Hedged Complex ETF		61.45%-7.58%10.33%-4.20%-1.77%80.75%-69.47%32.63%-20.15%2.22%
ILC.AX
iShares S&P/ASX 20 ETF		8.74%7.10%11.42%12.56%3.62%15.87%0.87%20.21%-0.14%6.77%

Correlation

The correlation between OOO.AX and ILC.AX is -0.13, 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

-0.13

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

0.01

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

0.13

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

0.18

Correlation (All Time)
Calculated using the full available price history since Nov 11, 2011

0.19

The correlation between OOO.AX and ILC.AX shifts across timeframes, from -0.13 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

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Betashares Crude Oil Index Currency Hedged Complex ETF

iShares S&P/ASX 20 ETF

Often compared with OOO.AX:
OOO.AX vs. CORE.AXOOO.AX vs. ESGI.AXOOO.AX vs. ESTX.AXOOO.AX vs. F100.AXOOO.AX vs. FOOD.AXOOO.AX vs. FUEL.AXOOO.AX vs. GEAR.AX
Often compared with ILC.AX:
ILC.AX vs. AUMF.AXILC.AX vs. BILL.AXILC.AX vs. GLIN.AXILC.AX vs. IAA.AXILC.AX vs. IHOO.AXILC.AX vs. IKO.AXILC.AX vs. ILB.AX

Return for Risk

OOO.AX vs. ILC.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OOO.AX
OOO.AX Risk / Return Rank: 3737
Overall Rank
OOO.AX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
OOO.AX Sortino Ratio Rank: 3838
Sortino Ratio Rank
OOO.AX Omega Ratio Rank: 5151
Omega Ratio Rank
OOO.AX Calmar Ratio Rank: 3636
Calmar Ratio Rank
OOO.AX Martin Ratio Rank: 3232
Martin Ratio Rank
ILC.AX
ILC.AX Risk / Return Rank: 2727
Overall Rank
ILC.AX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
ILC.AX Sortino Ratio Rank: 2424
Sortino Ratio Rank
ILC.AX Omega Ratio Rank: 2323
Omega Ratio Rank
ILC.AX Calmar Ratio Rank: 3333
Calmar Ratio Rank
ILC.AX Martin Ratio Rank: 2828
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.

OOO.AX vs. ILC.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.AX) and iShares S&P/ASX 20 ETF (ILC.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.

OOO.AXILC.AXDifference
Sharpe ratioReturn per unit of total volatility
0.73
0.66

+0.07

Sortino ratioReturn per unit of downside risk
1.56
1.04

+0.52

Omega ratioGain probability vs. loss probability

1.25

1.12

+0.12

Calmar ratioReturn relative to maximum drawdown

1.40

1.30

+0.10

Martin ratioReturn relative to average drawdown

3.49

2.88

+0.60

OOO.AX vs. ILC.AX - Sharpe Ratio Comparison

The current OOO.AX Sharpe Ratio is 0.73, which is comparable to the ILC.AX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of OOO.AX and ILC.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

OOO.AX vs. ILC.AX - Drawdown Comparison

The maximum OOO.AX drawdown since its inception was -95.09%, which is greater than ILC.AX's maximum drawdown of -31.95%. Use the drawdown chart below to compare losses from any high point for OOO.AX and ILC.AX.

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Drawdown Indicators

OOO.AXILC.AXDifference

Max Drawdown

Largest peak-to-trough decline

-95.09%

-31.95%

-63.14%

Max Drawdown (1Y)

Largest decline over 1 year

-33.79%

-7.57%

-26.22%

Max Drawdown (3Y)

Largest decline over 3 years

-33.79%

-13.62%

-20.17%

Max Drawdown (5Y)

Largest decline over 5 years

-51.22%

-14.27%

-36.95%

Max Drawdown (10Y)

Largest decline over 10 years

-86.96%

-31.95%

-55.01%

Current Drawdown

Current decline from peak

-74.38%

-2.09%

-72.29%

Average Drawdown

Average peak-to-trough decline

-64.58%

-5.43%

-59.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.48%

3.44%

+10.04%

Volatility

OOO.AX vs. ILC.AX - Volatility Comparison

Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.AX) has a higher volatility of 12.71% compared to iShares S&P/ASX 20 ETF (ILC.AX) at 3.16%. This indicates that OOO.AX's price experiences larger fluctuations and is considered to be riskier than ILC.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

OOO.AXILC.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.71%

3.16%

+9.55%

Volatility (6M)

Calculated over the trailing 6-month period

61.18%

10.72%

+50.46%

Volatility (1Y)

Calculated over the trailing 1-year period

64.90%

15.00%

+49.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

45.15%

13.78%

+31.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.75%

15.10%

+29.65%

Dividends

OOO.AX vs. ILC.AX - Dividend Comparison

OOO.AX's dividend yield for the trailing twelve months is around 4.15%, more than ILC.AX's 3.76% yield.

PositionTTM20252024202320222021202020192018201720162015
ILC.AX
iShares S&P/ASX 20 ETF		3.76%4.04%4.49%4.01%6.95%3.91%1.96%5.38%4.99%4.99%4.55%5.50%
OOO.AX
Betashares Crude Oil Index Currency Hedged Complex ETF		4.15%0.00%4.68%0.00%19.05%28.49%16.20%5.92%3.11%0.00%0.00%1.06%

Frequently Asked Questions

OOO.AX and ILC.AX have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: BetaShares and iShares.

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