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ROBO.AX vs. ESTX.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ROBO.AX vs. ESTX.AX

Last updated Jul 16, 2026
Documentation

ROBO.AX (Global X ROBO Global Robotics & Automation ETF) and ESTX.AX (Global X EURO STOXX 50 ETF) are both Global Equities funds from Global X - ROBO.AX tracks the Global X ROBO Global Robotics & Automation Index while ESTX.AX tracks the EURO STOXX 50 Index. Both are passively managed. Over the past 5 years, ROBO.AX returned 6.26%/yr vs 12.14%/yr for ESTX.AX. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

ROBO.AX vs. ESTX.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X ROBO Global Robotics & Automation ETF (ROBO.AX) and Global X EURO STOXX 50 ETF (ESTX.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, ROBO.AX achieves a 10.71% return, which is significantly higher than ESTX.AX's 3.22% return.

ROBO.AX

1D
-0.97%
1M
-3.97%
6M
4.45%
YTD
10.71%
1Y
25.10%
3Y*
10.55%
5Y*
6.26%
10Y*
—

ESTX.AX

1D
0.34%
1M
0.52%
6M
-0.32%
YTD
3.22%
1Y
8.95%
3Y*
14.83%
5Y*
12.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ROBO.AX vs. ESTX.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ROBO.AX
Global X ROBO Global Robotics & Automation ETF		10.71%15.06%8.41%22.97%-28.81%22.23%32.89%29.65%-13.06%12.80%
ESTX.AX
Global X EURO STOXX 50 ETF		3.22%27.21%13.48%23.32%-7.46%18.99%-2.51%27.06%-8.09%3.65%

Correlation

The correlation between ROBO.AX and ESTX.AX is 0.57, 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

0.57

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

0.55

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

0.63

Correlation (All Time)
Calculated using the full available price history since Sep 13, 2017

0.64

The correlation between ROBO.AX and ESTX.AX has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.

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Global X ROBO Global Robotics & Automation ETF

Global X EURO STOXX 50 ETF

Return for Risk

ROBO.AX vs. ESTX.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ROBO.AX
ROBO.AX Risk / Return Rank: 4040
Overall Rank
ROBO.AX Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
ROBO.AX Sortino Ratio Rank: 3838
Sortino Ratio Rank
ROBO.AX Omega Ratio Rank: 3737
Omega Ratio Rank
ROBO.AX Calmar Ratio Rank: 4545
Calmar Ratio Rank
ROBO.AX Martin Ratio Rank: 4343
Martin Ratio Rank
ESTX.AX
ESTX.AX Risk / Return Rank: 2121
Overall Rank
ESTX.AX Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
ESTX.AX Sortino Ratio Rank: 2121
Sortino Ratio Rank
ESTX.AX Omega Ratio Rank: 2222
Omega Ratio Rank
ESTX.AX Calmar Ratio Rank: 1919
Calmar Ratio Rank
ESTX.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.

ROBO.AX vs. ESTX.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X ROBO Global Robotics & Automation ETF (ROBO.AX) and Global X EURO STOXX 50 ETF (ESTX.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.

ROBO.AXESTX.AXDifference
Sharpe ratioReturn per unit of total volatility
1.13
0.65

+0.48

Sortino ratioReturn per unit of downside risk
1.66
1.00

+0.66

Omega ratioGain probability vs. loss probability

1.21

1.13

+0.08

Calmar ratioReturn relative to maximum drawdown

1.88

0.71

+1.18

Martin ratioReturn relative to average drawdown

5.71

2.05

+3.66

ROBO.AX vs. ESTX.AX - Sharpe Ratio Comparison

The current ROBO.AX Sharpe Ratio is 1.13, which is higher than the ESTX.AX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of ROBO.AX and ESTX.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

ROBO.AX vs. ESTX.AX - Drawdown Comparison

The maximum ROBO.AX drawdown since its inception was -34.87%, which is greater than ESTX.AX's maximum drawdown of -29.33%. Use the drawdown chart below to compare losses from any high point for ROBO.AX and ESTX.AX.

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Drawdown Indicators

ROBO.AXESTX.AXDifference

Max Drawdown

Largest peak-to-trough decline

-34.87%

-29.33%

-5.54%

Max Drawdown (1Y)

Largest decline over 1 year

-13.46%

-14.48%

+1.02%

Max Drawdown (3Y)

Largest decline over 3 years

-25.40%

-14.48%

-10.92%

Max Drawdown (5Y)

Largest decline over 5 years

-34.87%

-26.60%

-8.27%

Current Drawdown

Current decline from peak

-9.33%

-2.65%

-6.68%

Average Drawdown

Average peak-to-trough decline

-9.97%

-5.29%

-4.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.49%

5.06%

-0.57%

Volatility

ROBO.AX vs. ESTX.AX - Volatility Comparison

Global X ROBO Global Robotics & Automation ETF (ROBO.AX) has a higher volatility of 7.93% compared to Global X EURO STOXX 50 ETF (ESTX.AX) at 3.11%. This indicates that ROBO.AX's price experiences larger fluctuations and is considered to be riskier than ESTX.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ROBO.AXESTX.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.93%

3.11%

+4.82%

Volatility (6M)

Calculated over the trailing 6-month period

19.03%

13.59%

+5.44%

Volatility (1Y)

Calculated over the trailing 1-year period

22.37%

15.76%

+6.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.03%

16.35%

+3.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.76%

16.23%

+3.53%

Dividends

ROBO.AX vs. ESTX.AX - Dividend Comparison

ROBO.AX's dividend yield for the trailing twelve months is around 10.35%, more than ESTX.AX's 7.25% yield.

PositionTTM2025202420232022202120202019201820172016
ESTX.AX
Global X EURO STOXX 50 ETF		7.25%1.79%4.19%3.67%3.90%1.60%2.15%2.79%4.16%1.15%0.15%
ROBO.AX
Global X ROBO Global Robotics & Automation ETF		10.35%0.20%0.19%0.53%8.00%8.53%0.62%0.31%2.09%0.00%0.00%

Frequently Asked Questions

ROBO.AX and ESTX.AX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ROBO.AX tracks Global X ROBO Global Robotics & Automation Index, while ESTX.AX tracks EURO STOXX 50 Index.

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