OZF.AX vs. SFY.AX
OZF.AX (SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF) and SFY.AX (SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF) are both exchange-traded funds - OZF.AX is a Financials Equities fund tracking the SPDR Index, while SFY.AX is a Global Equities fund tracking the SPDR Index. Both are passively managed. Over the past 10 years, OZF.AX returned 9.31%/yr vs 8.93%/yr for SFY.AX. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
OZF.AX vs. SFY.AX - Performance Comparison
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Returns By Period
In the year-to-date period, OZF.AX achieves a 6.30% return, which is significantly higher than SFY.AX's 5.64% return. Both investments have delivered pretty close results over the past 10 years, with OZF.AX having a 9.31% annualized return and SFY.AX not far behind at 8.93%.
OZF.AX
- 1D
- 1.14%
- 1M
- 5.52%
- 6M
- 7.91%
- YTD
- 6.30%
- 1Y
- 5.96%
- 3Y*
- 18.58%
- 5Y*
- 12.36%
- 10Y*
- 9.31%
SFY.AX
- 1D
- 0.16%
- 1M
- -0.09%
- 6M
- 5.09%
- YTD
- 5.64%
- 1Y
- 5.96%
- 3Y*
- 10.63%
- 5Y*
- 8.17%
- 10Y*
- 8.93%
OZF.AX vs. SFY.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OZF.AX SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF | 6.30% | 11.07% | 29.96% | 10.42% | 1.05% | 23.44% | -5.79% | 12.70% | -9.21% | 4.50% |
SFY.AX SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF | 5.64% | 7.36% | 11.46% | 12.65% | 1.60% | 16.17% | -1.66% | 24.22% | -1.86% | 9.06% |
Correlation
The correlation between OZF.AX and SFY.AX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2011 | 0.75 |
The correlation between OZF.AX and SFY.AX has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.
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Return for Risk
OZF.AX vs. SFY.AX — Risk / Return Rank
OZF.AX
SFY.AX
OZF.AX vs. SFY.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF (OZF.AX) and SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF (SFY.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.
| OZF.AX | SFY.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.11 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.97 | -0.29 |
| Martin ratioReturn relative to average drawdown | 1.37 | 2.05 | -0.69 |
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Drawdowns
OZF.AX vs. SFY.AX - Drawdown Comparison
The maximum OZF.AX drawdown since its inception was -42.63%, smaller than the maximum SFY.AX drawdown of -48.20%. Use the drawdown chart below to compare losses from any high point for OZF.AX and SFY.AX.
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Drawdown Indicators
| OZF.AX | SFY.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.63% | -48.20% | +5.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.43% | -7.39% | -3.04% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -12.86% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.52% | -14.21% | -6.31% |
Max Drawdown (10Y)Largest decline over 10 years | -42.63% | -32.98% | -9.65% |
Current DrawdownCurrent decline from peak | -2.51% | -1.63% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -9.33% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 3.53% | +1.64% |
Volatility
OZF.AX vs. SFY.AX - Volatility Comparison
SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF (OZF.AX) has a higher volatility of 3.75% compared to SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF (SFY.AX) at 2.61%. This indicates that OZF.AX's price experiences larger fluctuations and is considered to be riskier than SFY.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OZF.AX | SFY.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 2.61% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 9.82% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.86% | 12.67% | +5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.41% | 12.78% | +3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.30% | 14.65% | +3.65% |
Dividends
OZF.AX vs. SFY.AX - Dividend Comparison
OZF.AX's dividend yield for the trailing twelve months is around 2.84%, less than SFY.AX's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OZF.AX SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF | 2.84% | 4.47% | 1.97% | 3.91% | 3.99% | 3.80% | 1.71% | 4.57% | 5.01% | 4.86% | 5.74% | 6.49% |
SFY.AX SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF | 3.85% | 3.60% | 4.04% | 4.16% | 6.09% | 3.95% | 2.73% | 4.85% | 5.07% | 4.60% | 4.82% | 4.34% |
Frequently Asked Questions
OZF.AX and SFY.AX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OZF.AX is categorized as Financials Equities, while SFY.AX is Global Equities. Both ETFs track SPDR Index.
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