PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
QMIX.AX vs. IHOO.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QMIX.AX vs. IHOO.AX

Last updated Jul 16, 2026
Documentation

QMIX.AX (SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF) and IHOO.AX (iShares Global 100 AUD Hedged ETF) are both Global Equities funds - QMIX.AX tracks the SPDR Index while IHOO.AX tracks the iShares Global 100 AUD Hedged Index. Both are passively managed. Over the past 10 years, QMIX.AX returned 12.58%/yr vs 15.25%/yr for IHOO.AX. At a 0.37 correlation, their price movements are largely independent.

Performance

QMIX.AX vs. IHOO.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.AX) and iShares Global 100 AUD Hedged ETF (IHOO.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, QMIX.AX achieves a 4.91% return, which is significantly lower than IHOO.AX's 10.69% return. Over the past 10 years, QMIX.AX has underperformed IHOO.AX with an annualized return of 12.58%, while IHOO.AX has yielded a comparatively higher 15.25% annualized return.

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%

IHOO.AX

1D
0.87%
1M
0.91%
6M
9.21%
YTD
10.69%
1Y
28.47%
3Y*
22.70%
5Y*
14.72%
10Y*
15.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QMIX.AX vs. IHOO.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QMIX.AX
SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF		4.91%12.23%24.29%18.07%-6.97%28.75%-1.08%29.52%0.77%14.11%
IHOO.AX
iShares Global 100 AUD Hedged ETF		10.69%24.02%27.67%24.45%-16.15%26.46%12.48%28.93%-5.87%20.68%

Correlation

The correlation between QMIX.AX and IHOO.AX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.42

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

0.40

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

0.45

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

0.39

Correlation (All Time)
Calculated using the full available price history since Sep 11, 2015

0.37

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF

iShares Global 100 AUD Hedged ETF

Return for Risk

QMIX.AX vs. IHOO.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QMIX.AX
QMIX.AX Risk / Return Rank: 4747
Overall Rank
QMIX.AX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
QMIX.AX Sortino Ratio Rank: 5353
Sortino Ratio Rank
QMIX.AX Omega Ratio Rank: 5252
Omega Ratio Rank
QMIX.AX Calmar Ratio Rank: 3939
Calmar Ratio Rank
QMIX.AX Martin Ratio Rank: 4040
Martin Ratio Rank
IHOO.AX
IHOO.AX Risk / Return Rank: 7373
Overall Rank
IHOO.AX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IHOO.AX Sortino Ratio Rank: 7070
Sortino Ratio Rank
IHOO.AX Omega Ratio Rank: 7575
Omega Ratio Rank
IHOO.AX Calmar Ratio Rank: 7272
Calmar Ratio Rank
IHOO.AX Martin Ratio Rank: 7373
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.

QMIX.AX vs. IHOO.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 iShares Global 100 AUD Hedged ETF (IHOO.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.AXIHOO.AXDifference
Sharpe ratioReturn per unit of total volatility
1.49
1.88

-0.39

Sortino ratioReturn per unit of downside risk
2.13
2.57

-0.44

Omega ratioGain probability vs. loss probability

1.27

1.35

-0.08

Calmar ratioReturn relative to maximum drawdown

1.64

2.93

-1.29

Martin ratioReturn relative to average drawdown

5.21

10.75

-5.54

QMIX.AX vs. IHOO.AX - Sharpe Ratio Comparison

The current QMIX.AX Sharpe Ratio is 1.49, which is comparable to the IHOO.AX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of QMIX.AX and IHOO.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.

Loading charts...

Drawdowns

QMIX.AX vs. IHOO.AX - Drawdown Comparison

The maximum QMIX.AX drawdown since its inception was -22.24%, smaller than the maximum IHOO.AX drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for QMIX.AX and IHOO.AX.

Loading charts...

Drawdown Indicators

QMIX.AXIHOO.AXDifference

Max Drawdown

Largest peak-to-trough decline

-22.24%

-33.91%

+11.67%

Max Drawdown (1Y)

Largest decline over 1 year

-7.75%

-9.58%

+1.83%

Max Drawdown (3Y)

Largest decline over 3 years

-10.87%

-21.25%

+10.38%

Max Drawdown (5Y)

Largest decline over 5 years

-16.24%

-22.19%

+5.95%

Max Drawdown (10Y)

Largest decline over 10 years

-22.24%

-33.91%

+11.67%

Current Drawdown

Current decline from peak

-1.01%

-1.67%

+0.66%

Average Drawdown

Average peak-to-trough decline

-3.60%

-4.26%

+0.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.48%

2.65%

-0.17%

Volatility

QMIX.AX vs. IHOO.AX - Volatility Comparison

The current volatility for SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.AX) is 1.84%, while iShares Global 100 AUD Hedged ETF (IHOO.AX) has a volatility of 3.89%. This indicates that QMIX.AX experiences smaller price fluctuations and is considered to be less risky than IHOO.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

QMIX.AXIHOO.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.84%

3.89%

-2.05%

Volatility (6M)

Calculated over the trailing 6-month period

7.06%

12.11%

-5.05%

Volatility (1Y)

Calculated over the trailing 1-year period

8.57%

14.98%

-6.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.81%

17.93%

-5.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.23%

17.85%

-4.62%

Dividends

QMIX.AX vs. IHOO.AX - Dividend Comparison

QMIX.AX's dividend yield for the trailing twelve months is around 4.45%, which matches IHOO.AX's 4.46% yield.

PositionTTM20252024202320222021202020192018201720162015
IHOO.AX
iShares Global 100 AUD Hedged ETF		4.46%0.70%0.87%1.44%1.68%16.51%2.57%2.33%8.40%11.15%0.53%1.75%
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%0.00%

Frequently Asked Questions

QMIX.AX and IHOO.AX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QMIX.AX tracks SPDR Index, while IHOO.AX tracks iShares Global 100 AUD Hedged Index. They also come from different issuers: SPDR and iShares.

Portfolio Optimizer

Find the right allocation for QMIX.AX and IHOO.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