QMIX.AX vs. CORE.AX
QMIX.AX (SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF) and CORE.AX (Schroder Global Core Fund - Active ETF) are both Global Equities funds. QMIX.AX is passively managed, while CORE.AX is actively managed. Over the past year, QMIX.AX returned 12.46% vs 15.14% for CORE.AX. At a 0.49 correlation, their price movements are largely independent.
Performance
QMIX.AX vs. CORE.AX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with QMIX.AX having a 4.91% return and CORE.AX slightly higher at 4.95%.
QMIX.AX
- 1D
- 0.11%
- 1M
- 1.32%
- 6M
- 2.97%
- YTD
- 4.91%
- 1Y
- 12.46%
- 3Y*
- 15.74%
- 5Y*
- 11.84%
- 10Y*
- 12.58%
CORE.AX
- 1D
- -0.25%
- 1M
- 0.93%
- 6M
- 4.67%
- YTD
- 4.95%
- 1Y
- 15.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QMIX.AX vs. CORE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QMIX.AX SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF | 4.91% | 8.55% |
CORE.AX Schroder Global Core Fund - Active ETF | 4.95% | 12.78% |
Correlation
The correlation between QMIX.AX and CORE.AX is 0.51, 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 | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.49 |
The correlation between QMIX.AX and CORE.AX has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QMIX.AX vs. CORE.AX — Risk / Return Rank
QMIX.AX
CORE.AX
QMIX.AX vs. CORE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.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.
| QMIX.AX | CORE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.68 | -0.04 |
| Martin ratioReturn relative to average drawdown | 5.21 | 4.54 | +0.68 |
Loading charts...
Drawdowns
QMIX.AX vs. CORE.AX - Drawdown Comparison
The maximum QMIX.AX drawdown since its inception was -22.24%, 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 QMIX.AX and CORE.AX.
Loading charts...
Drawdown Indicators
| QMIX.AX | CORE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.24% | -10.20% | -12.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -10.20% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.24% | — | — |
Current DrawdownCurrent decline from peak | -1.01% | -1.34% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -2.60% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | — | — |
Volatility
QMIX.AX vs. CORE.AX - Volatility Comparison
The current volatility for SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.AX) is 1.84%, while Schroder Global Core Fund - Active ETF (CORE.AX) has a volatility of 2.12%. This indicates that QMIX.AX experiences smaller price fluctuations and is considered to be less risky than CORE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QMIX.AX | CORE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 2.12% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.06% | 7.39% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.57% | 12.44% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 12.50% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 12.50% | +0.73% |
Dividends
QMIX.AX vs. CORE.AX - Dividend Comparison
QMIX.AX's dividend yield for the trailing twelve months is around 4.45%, more than CORE.AX's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 0.68% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QMIX.AX SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF | 4.45% | 3.81% | 3.95% | 2.88% | 4.15% | 2.83% | 4.71% | 2.69% | 2.73% | 2.21% | 2.68% |
Frequently Asked Questions
QMIX.AX and CORE.AX have a correlation of 0.51, 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: SPDR and Schroder.
Find the right allocation for QMIX.AX and CORE.AX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer