QHAL.AX vs. CORE.AX
QHAL.AX (VanEck MSCI International Quality (AUD Hedged) ETF) and CORE.AX (Schroder Global Core Fund - Active ETF) are both Global Equities funds. QHAL.AX is passively managed, while CORE.AX is actively managed. Over the past year, QHAL.AX returned 19.63% vs 15.14% for CORE.AX. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
QHAL.AX vs. CORE.AX - Performance Comparison
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Returns By Period
In the year-to-date period, QHAL.AX achieves a 9.09% return, which is significantly higher than CORE.AX's 4.95% return.
QHAL.AX
- 1D
- 0.18%
- 1M
- 1.31%
- 6M
- 7.14%
- YTD
- 9.09%
- 1Y
- 19.63%
- 3Y*
- 16.48%
- 5Y*
- 9.81%
- 10Y*
- —
CORE.AX
- 1D
- -0.25%
- 1M
- 0.93%
- 6M
- 4.67%
- YTD
- 4.95%
- 1Y
- 15.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QHAL.AX vs. CORE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QHAL.AX VanEck MSCI International Quality (AUD Hedged) ETF | 9.09% | 13.98% |
CORE.AX Schroder Global Core Fund - Active ETF | 4.95% | 12.78% |
Correlation
The correlation between QHAL.AX and CORE.AX is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.53 |
The correlation between QHAL.AX and CORE.AX has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.
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Return for Risk
QHAL.AX vs. CORE.AX — Risk / Return Rank
QHAL.AX
CORE.AX
QHAL.AX vs. CORE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck MSCI International Quality (AUD Hedged) ETF (QHAL.AX) and Schroder Global Core Fund - Active ETF (CORE.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.
| QHAL.AX | CORE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.68 | +0.37 |
| Martin ratioReturn relative to average drawdown | 8.80 | 4.54 | +4.26 |
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Drawdowns
QHAL.AX vs. CORE.AX - Drawdown Comparison
The maximum QHAL.AX drawdown since its inception was -31.33%, which is greater than CORE.AX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for QHAL.AX and CORE.AX.
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Drawdown Indicators
| QHAL.AX | CORE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.33% | -10.20% | -21.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -10.20% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -19.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.40% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.34% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -2.60% | -3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | — | — |
Volatility
QHAL.AX vs. CORE.AX - Volatility Comparison
VanEck MSCI International Quality (AUD Hedged) ETF (QHAL.AX) has a higher volatility of 2.91% compared to Schroder Global Core Fund - Active ETF (CORE.AX) at 2.12%. This indicates that QHAL.AX's price experiences larger fluctuations and is considered to be riskier than CORE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QHAL.AX | CORE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 2.12% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 11.08% | 7.39% | +3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 12.44% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.30% | 12.50% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.82% | 12.50% | +6.32% |
Dividends
QHAL.AX vs. CORE.AX - Dividend Comparison
QHAL.AX's dividend yield for the trailing twelve months is around 3.40%, more than CORE.AX's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 0.68% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QHAL.AX VanEck MSCI International Quality (AUD Hedged) ETF | 3.40% | 1.93% | 4.95% | 1.04% | 1.12% | 0.86% | 0.93% | 1.34% |
Frequently Asked Questions
QHAL.AX and CORE.AX have a correlation of 0.55, 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: VanEck and Schroder.
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