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QMIX.AX vs. SFY.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QMIX.AX vs. SFY.AX

Last updated Jul 16, 2026
Documentation

QMIX.AX (SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF) and SFY.AX (SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF) are both Global Equities funds from SPDR tracking the SPDR Index. Both are passively managed. Over the past 10 years, QMIX.AX returned 12.58%/yr vs 8.93%/yr for SFY.AX. At a 0.34 correlation, their price movements are largely independent.

Performance

QMIX.AX vs. SFY.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 SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF (SFY.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, QMIX.AX achieves a 4.91% return, which is significantly lower than SFY.AX's 5.64% return. Over the past 10 years, QMIX.AX has outperformed SFY.AX with an annualized return of 12.58%, while SFY.AX has yielded a comparatively lower 8.93% 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%

SFY.AX

1D
0.16%
1M
-0.09%
6M
5.09%
YTD
5.64%
1Y
5.96%
3Y*
10.63%
5Y*
8.17%
10Y*
8.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QMIX.AX vs. SFY.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%
SFY.AX
SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF		5.64%7.36%11.46%12.65%1.60%16.17%-1.66%24.22%-1.86%9.06%

Correlation

The correlation between QMIX.AX and SFY.AX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.44

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

0.39

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

0.43

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

0.35

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

0.34

The correlation between QMIX.AX and SFY.AX shifts across timeframes, from 0.34 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.

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

SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF

Return for Risk

QMIX.AX vs. SFY.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
SFY.AX
SFY.AX Risk / Return Rank: 2121
Overall Rank
SFY.AX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
SFY.AX Sortino Ratio Rank: 2020
Sortino Ratio Rank
SFY.AX Omega Ratio Rank: 1919
Omega Ratio Rank
SFY.AX Calmar Ratio Rank: 2424
Calmar Ratio Rank
SFY.AX Martin Ratio Rank: 2121
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. SFY.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 SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF (SFY.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.AXSFY.AXDifference
Sharpe ratioReturn per unit of total volatility
1.49
0.57

+0.92

Sortino ratioReturn per unit of downside risk
2.13
0.91

+1.22

Omega ratioGain probability vs. loss probability

1.27

1.11

+0.16

Calmar ratioReturn relative to maximum drawdown

1.64

0.97

+0.68

Martin ratioReturn relative to average drawdown

5.21

2.05

+3.16

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

The current QMIX.AX Sharpe Ratio is 1.49, which is higher than the SFY.AX Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of QMIX.AX and SFY.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

QMIX.AX vs. SFY.AX - Drawdown Comparison

The maximum QMIX.AX drawdown since its inception was -22.24%, smaller than the maximum SFY.AX drawdown of -48.20%. Use the drawdown chart below to compare losses from any high point for QMIX.AX and SFY.AX.

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Drawdown Indicators

QMIX.AXSFY.AXDifference

Max Drawdown

Largest peak-to-trough decline

-22.24%

-48.20%

+25.96%

Max Drawdown (1Y)

Largest decline over 1 year

-7.75%

-7.39%

-0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-10.87%

-12.86%

+1.99%

Max Drawdown (5Y)

Largest decline over 5 years

-16.24%

-14.21%

-2.03%

Max Drawdown (10Y)

Largest decline over 10 years

-22.24%

-32.98%

+10.74%

Current Drawdown

Current decline from peak

-1.01%

-1.63%

+0.62%

Average Drawdown

Average peak-to-trough decline

-3.60%

-9.33%

+5.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.48%

3.53%

-1.05%

Volatility

QMIX.AX vs. SFY.AX - Volatility Comparison

The current volatility for SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.AX) is 1.84%, while SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF (SFY.AX) has a volatility of 2.61%. This indicates that QMIX.AX experiences smaller price fluctuations and is considered to be less risky than SFY.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QMIX.AXSFY.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.84%

2.61%

-0.77%

Volatility (6M)

Calculated over the trailing 6-month period

7.06%

9.82%

-2.76%

Volatility (1Y)

Calculated over the trailing 1-year period

8.57%

12.67%

-4.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.81%

12.78%

+0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.23%

14.65%

-1.42%

Dividends

QMIX.AX vs. SFY.AX - Dividend Comparison

QMIX.AX's dividend yield for the trailing twelve months is around 4.45%, more than SFY.AX's 3.85% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
SFY.AX
SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF		3.85%3.60%4.04%4.16%6.09%3.95%2.73%4.85%5.07%4.60%4.82%4.34%

Frequently Asked Questions

QMIX.AX and SFY.AX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs track SPDR Index.

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