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OZR.AX vs. VDCO.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OZR.AX vs. VDCO.AX

Last updated Jul 16, 2026
Documentation

OZR.AX (SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF) and VDCO.AX (Vanguard Diversified Conservative Index ETF) are both Global Equities funds - OZR.AX tracks the SPDR Index while VDCO.AX tracks the Vanguard Diversified Conservative Index Index. Both are passively managed. Over the past 5 years, OZR.AX returned 10.02%/yr vs 2.59%/yr for VDCO.AX. At a 0.37 correlation, their price movements are largely independent.

Performance

OZR.AX vs. VDCO.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 Resources ETF (OZR.AX) and Vanguard Diversified Conservative Index ETF (VDCO.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, OZR.AX achieves a 11.50% return, which is significantly higher than VDCO.AX's 2.01% return.

OZR.AX

1D
-1.77%
1M
-9.88%
6M
5.29%
YTD
11.50%
1Y
42.19%
3Y*
9.40%
5Y*
10.02%
10Y*
13.85%

VDCO.AX

1D
0.09%
1M
0.09%
6M
1.96%
YTD
2.01%
1Y
5.49%
3Y*
6.60%
5Y*
2.59%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

OZR.AX vs. VDCO.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
OZR.AX
SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF		11.50%34.32%-16.68%11.32%22.70%7.72%8.82%25.68%2.80%8.08%
VDCO.AX
Vanguard Diversified Conservative Index ETF		2.01%7.45%6.44%7.89%-10.41%4.36%5.01%12.41%0.52%0.42%

Correlation

The correlation between OZR.AX and VDCO.AX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.46

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

0.41

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

0.40

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2017

0.37

Compare stocks, funds, or ETFs

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SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF

Vanguard Diversified Conservative Index ETF

Return for Risk

OZR.AX vs. VDCO.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OZR.AX
OZR.AX Risk / Return Rank: 6363
Overall Rank
OZR.AX Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
OZR.AX Sortino Ratio Rank: 6464
Sortino Ratio Rank
OZR.AX Omega Ratio Rank: 6060
Omega Ratio Rank
OZR.AX Calmar Ratio Rank: 6262
Calmar Ratio Rank
OZR.AX Martin Ratio Rank: 5858
Martin Ratio Rank
VDCO.AX
VDCO.AX Risk / Return Rank: 3636
Overall Rank
VDCO.AX Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
VDCO.AX Sortino Ratio Rank: 3636
Sortino Ratio Rank
VDCO.AX Omega Ratio Rank: 3838
Omega Ratio Rank
VDCO.AX Calmar Ratio Rank: 3434
Calmar Ratio Rank
VDCO.AX Martin Ratio Rank: 4040
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.

OZR.AX vs. VDCO.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 Resources ETF (OZR.AX) and Vanguard Diversified Conservative Index ETF (VDCO.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.

OZR.AXVDCO.AXDifference
Sharpe ratioReturn per unit of total volatility
1.81
1.05

+0.76

Sortino ratioReturn per unit of downside risk
2.39
1.59

+0.80

Omega ratioGain probability vs. loss probability

1.30

1.21

+0.08

Calmar ratioReturn relative to maximum drawdown

2.50

1.43

+1.07

Martin ratioReturn relative to average drawdown

8.20

5.21

+2.99

OZR.AX vs. VDCO.AX - Sharpe Ratio Comparison

The current OZR.AX Sharpe Ratio is 1.81, which is higher than the VDCO.AX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of OZR.AX and VDCO.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

OZR.AX vs. VDCO.AX - Drawdown Comparison

The maximum OZR.AX drawdown since its inception was -63.68%, which is greater than VDCO.AX's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for OZR.AX and VDCO.AX.

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Drawdown Indicators

OZR.AXVDCO.AXDifference

Max Drawdown

Largest peak-to-trough decline

-63.68%

-13.68%

-50.00%

Max Drawdown (1Y)

Largest decline over 1 year

-16.68%

-3.89%

-12.79%

Max Drawdown (3Y)

Largest decline over 3 years

-26.11%

-4.36%

-21.75%

Max Drawdown (5Y)

Largest decline over 5 years

-26.11%

-13.68%

-12.43%

Max Drawdown (10Y)

Largest decline over 10 years

-36.72%

—

—

Current Drawdown

Current decline from peak

-11.68%

-0.46%

-11.22%

Average Drawdown

Average peak-to-trough decline

-20.82%

-2.87%

-17.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.13%

1.08%

+4.05%

Volatility

OZR.AX vs. VDCO.AX - Volatility Comparison

SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF (OZR.AX) has a higher volatility of 6.65% compared to Vanguard Diversified Conservative Index ETF (VDCO.AX) at 1.18%. This indicates that OZR.AX's price experiences larger fluctuations and is considered to be riskier than VDCO.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

OZR.AXVDCO.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.65%

1.18%

+5.47%

Volatility (6M)

Calculated over the trailing 6-month period

19.22%

4.70%

+14.52%

Volatility (1Y)

Calculated over the trailing 1-year period

23.03%

5.30%

+17.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.45%

5.45%

+17.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.17%

5.61%

+16.56%

Dividends

OZR.AX vs. VDCO.AX - Dividend Comparison

OZR.AX's dividend yield for the trailing twelve months is around 2.45%, less than VDCO.AX's 4.92% yield.

PositionTTM20252024202320222021202020192018201720162015
OZR.AX
SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF		2.45%2.62%2.35%6.10%15.55%5.65%3.07%4.85%3.18%2.13%1.55%4.69%
VDCO.AX
Vanguard Diversified Conservative Index ETF		4.92%2.33%0.79%1.03%1.77%7.86%3.73%1.26%0.89%0.00%0.00%0.00%

Frequently Asked Questions

OZR.AX and VDCO.AX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OZR.AX tracks SPDR Index, while VDCO.AX tracks Vanguard Diversified Conservative Index Index. They also come from different issuers: SPDR and Vanguard.

Portfolio Optimizer

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