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OZF.AX vs. WEMG.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OZF.AX vs. WEMG.AX

Last updated Jul 16, 2026
Documentation

OZF.AX (SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF) and WEMG.AX (SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF) are both exchange-traded funds - OZF.AX is a Financials Equities fund tracking the SPDR Index, while WEMG.AX is a Emerging Markets Equities fund tracking the SPDR Index. Both are passively managed. Over the past 10 years, OZF.AX returned 9.31%/yr vs 8.90%/yr for WEMG.AX. At a 0.25 correlation, their price movements are largely independent.

Performance

OZF.AX vs. WEMG.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in 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 Emerging Markets Carbon Aware ETF (WEMG.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with OZF.AX having a 6.30% return and WEMG.AX slightly lower at 6.00%. Both investments have delivered pretty close results over the past 10 years, with OZF.AX having a 9.31% annualized return and WEMG.AX not far behind at 8.90%.

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%

WEMG.AX

1D
0.35%
1M
0.27%
6M
0.76%
YTD
6.00%
1Y
15.90%
3Y*
15.82%
5Y*
6.49%
10Y*
8.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

OZF.AX vs. WEMG.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
WEMG.AX
SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF		6.00%17.52%25.30%5.67%-13.15%3.67%4.15%20.19%-2.72%24.77%

Correlation

The correlation between OZF.AX and WEMG.AX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.23

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

0.22

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

0.24

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

0.24

Correlation (All Time)
Calculated using the full available price history since Nov 1, 2013

0.25

Compare stocks, funds, or ETFs

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SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF

SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF

Return for Risk

OZF.AX vs. WEMG.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OZF.AX
OZF.AX Risk / Return Rank: 1717
Overall Rank
OZF.AX Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
OZF.AX Sortino Ratio Rank: 1515
Sortino Ratio Rank
OZF.AX Omega Ratio Rank: 1515
Omega Ratio Rank
OZF.AX Calmar Ratio Rank: 1919
Calmar Ratio Rank
OZF.AX Martin Ratio Rank: 1717
Martin Ratio Rank
WEMG.AX
WEMG.AX Risk / Return Rank: 3030
Overall Rank
WEMG.AX Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
WEMG.AX Sortino Ratio Rank: 3131
Sortino Ratio Rank
WEMG.AX Omega Ratio Rank: 3131
Omega Ratio Rank
WEMG.AX Calmar Ratio Rank: 2626
Calmar Ratio Rank
WEMG.AX Martin Ratio Rank: 3030
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.

OZF.AX vs. WEMG.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 Emerging Markets Carbon Aware ETF (WEMG.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.AXWEMG.AXDifference
Sharpe ratioReturn per unit of total volatility
0.40
0.95

-0.55

Sortino ratioReturn per unit of downside risk
0.66
1.41

-0.75

Omega ratioGain probability vs. loss probability

1.08

1.18

-0.10

Calmar ratioReturn relative to maximum drawdown

0.68

1.06

-0.38

Martin ratioReturn relative to average drawdown

1.37

3.38

-2.01

OZF.AX vs. WEMG.AX - Sharpe Ratio Comparison

The current OZF.AX Sharpe Ratio is 0.40, which is lower than the WEMG.AX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of OZF.AX and WEMG.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

OZF.AX vs. WEMG.AX - Drawdown Comparison

The maximum OZF.AX drawdown since its inception was -42.63%, which is greater than WEMG.AX's maximum drawdown of -25.33%. Use the drawdown chart below to compare losses from any high point for OZF.AX and WEMG.AX.

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Drawdown Indicators

OZF.AXWEMG.AXDifference

Max Drawdown

Largest peak-to-trough decline

-42.63%

-25.33%

-17.30%

Max Drawdown (1Y)

Largest decline over 1 year

-10.43%

-12.68%

+2.25%

Max Drawdown (3Y)

Largest decline over 3 years

-15.91%

-12.68%

-3.23%

Max Drawdown (5Y)

Largest decline over 5 years

-20.52%

-22.11%

+1.59%

Max Drawdown (10Y)

Largest decline over 10 years

-42.63%

-24.15%

-18.48%

Current Drawdown

Current decline from peak

-2.51%

-1.06%

-1.45%

Average Drawdown

Average peak-to-trough decline

-6.99%

-7.37%

+0.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.17%

4.00%

+1.17%

Volatility

OZF.AX vs. WEMG.AX - Volatility Comparison

The current volatility for SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF (OZF.AX) is 3.75%, while SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF (WEMG.AX) has a volatility of 6.02%. This indicates that OZF.AX experiences smaller price fluctuations and is considered to be less risky than WEMG.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.AXWEMG.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.75%

6.02%

-2.27%

Volatility (6M)

Calculated over the trailing 6-month period

13.25%

12.25%

+1.00%

Volatility (1Y)

Calculated over the trailing 1-year period

17.86%

14.28%

+3.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.41%

14.32%

+2.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.30%

14.78%

+3.52%

Dividends

OZF.AX vs. WEMG.AX - Dividend Comparison

OZF.AX's dividend yield for the trailing twelve months is around 2.84%, less than WEMG.AX's 7.16% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
WEMG.AX
SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF		7.16%3.46%1.91%2.64%2.86%2.19%2.38%2.36%2.53%1.29%2.19%2.02%

Frequently Asked Questions

OZF.AX and WEMG.AX have a correlation of 0.23, 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 WEMG.AX is Emerging Markets Equities. Both ETFs track SPDR Index.

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