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SEMI.AX vs. IWLD.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SEMI.AX vs. IWLD.AX

Last updated Jul 18, 2026
Documentation

SEMI.AX (Global X Semiconductor ETF) and IWLD.AX (iShares Core MSCI World Ex Australia ESG ETF) are both Global Equities funds - SEMI.AX tracks the Global X Semiconductor Index while IWLD.AX tracks the iShares Core MSCI World Ex Australia ESG Index. Both are passively managed. Over the past 3 years, SEMI.AX returned 51.37%/yr vs 17.14%/yr for IWLD.AX. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

SEMI.AX vs. IWLD.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X Semiconductor ETF (SEMI.AX) and iShares Core MSCI World Ex Australia ESG ETF (IWLD.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, SEMI.AX achieves a 59.90% return, which is significantly higher than IWLD.AX's 3.21% return.

SEMI.AX

1D
-7.68%
1M
-15.15%
6M
42.26%
YTD
59.90%
1Y
104.12%
3Y*
51.37%
5Y*
—
10Y*
—

IWLD.AX

1D
-1.24%
1M
0.41%
6M
2.15%
YTD
3.21%
1Y
11.08%
3Y*
17.14%
5Y*
13.01%
10Y*
13.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SEMI.AX vs. IWLD.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SEMI.AX
Global X Semiconductor ETF		59.90%43.80%35.17%69.12%-30.92%15.60%
IWLD.AX
iShares Core MSCI World Ex Australia ESG ETF		3.21%12.19%31.18%27.88%-16.19%6.23%

Correlation

The correlation between SEMI.AX and IWLD.AX is 0.53, 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

0.53

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

0.64

Correlation (All Time)
Calculated using the full available price history since Aug 27, 2021

0.69

The correlation between SEMI.AX and IWLD.AX shifts across timeframes, from 0.53 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Global X Semiconductor ETF

iShares Core MSCI World Ex Australia ESG ETF

Often compared with SEMI.AX:
SEMI.AX vs. CORE.AXSEMI.AX vs. F100.AXSEMI.AX vs. GXLD.AXSEMI.AX vs. VDCO.AXSEMI.AX vs. ZYUS.AXSEMI.AX vs. ACDC.AXSEMI.AX vs. BANK.AX
Often compared with IWLD.AX:
IWLD.AX vs. AUMF.AXIWLD.AX vs. BILL.AXIWLD.AX vs. CORE.AXIWLD.AX vs. ESGI.AXIWLD.AX vs. ESTX.AXIWLD.AX vs. F100.AXIWLD.AX vs. GLDN.AX

Return for Risk

SEMI.AX vs. IWLD.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SEMI.AX
SEMI.AX Risk / Return Rank: 9292
Overall Rank
SEMI.AX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
SEMI.AX Sortino Ratio Rank: 8989
Sortino Ratio Rank
SEMI.AX Omega Ratio Rank: 9090
Omega Ratio Rank
SEMI.AX Calmar Ratio Rank: 9393
Calmar Ratio Rank
SEMI.AX Martin Ratio Rank: 9595
Martin Ratio Rank
IWLD.AX
IWLD.AX Risk / Return Rank: 3232
Overall Rank
IWLD.AX Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
IWLD.AX Sortino Ratio Rank: 3434
Sortino Ratio Rank
IWLD.AX Omega Ratio Rank: 3838
Omega Ratio Rank
IWLD.AX Calmar Ratio Rank: 2424
Calmar Ratio Rank
IWLD.AX Martin Ratio Rank: 2626
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.

SEMI.AX vs. IWLD.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Semiconductor ETF (SEMI.AX) and iShares Core MSCI World Ex Australia ESG ETF (IWLD.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.

SEMI.AXIWLD.AXDifference
Sharpe ratioReturn per unit of total volatility
2.81
1.00

+1.81

Sortino ratioReturn per unit of downside risk
3.22
1.43

+1.79

Omega ratioGain probability vs. loss probability

1.44

1.20

+0.25

Calmar ratioReturn relative to maximum drawdown

4.80

0.87

+3.92

Martin ratioReturn relative to average drawdown

21.73

2.57

+19.15

SEMI.AX vs. IWLD.AX - Sharpe Ratio Comparison

The current SEMI.AX Sharpe Ratio is 2.81, which is higher than the IWLD.AX Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of SEMI.AX and IWLD.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

SEMI.AX vs. IWLD.AX - Drawdown Comparison

The maximum SEMI.AX drawdown since its inception was -38.85%, which is greater than IWLD.AX's maximum drawdown of -24.85%. Use the drawdown chart below to compare losses from any high point for SEMI.AX and IWLD.AX.

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Drawdown Indicators

SEMI.AXIWLD.AXDifference

Max Drawdown

Largest peak-to-trough decline

-38.85%

-24.85%

-14.00%

Max Drawdown (1Y)

Largest decline over 1 year

-20.90%

-12.19%

-8.71%

Max Drawdown (3Y)

Largest decline over 3 years

-32.53%

-15.95%

-16.58%

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.34%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.85%

—

Current Drawdown

Current decline from peak

-20.90%

-1.66%

-19.24%

Average Drawdown

Average peak-to-trough decline

-10.86%

-4.48%

-6.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.67%

4.21%

+0.46%

Volatility

SEMI.AX vs. IWLD.AX - Volatility Comparison

Global X Semiconductor ETF (SEMI.AX) has a higher volatility of 16.59% compared to iShares Core MSCI World Ex Australia ESG ETF (IWLD.AX) at 2.65%. This indicates that SEMI.AX's price experiences larger fluctuations and is considered to be riskier than IWLD.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SEMI.AXIWLD.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.59%

2.65%

+13.94%

Volatility (6M)

Calculated over the trailing 6-month period

30.75%

8.44%

+22.31%

Volatility (1Y)

Calculated over the trailing 1-year period

35.63%

10.68%

+24.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.80%

13.78%

+18.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.80%

13.87%

+17.93%

Dividends

SEMI.AX vs. IWLD.AX - Dividend Comparison

SEMI.AX's dividend yield for the trailing twelve months is around 8.25%, more than IWLD.AX's 0.94% yield.

PositionTTM202520242023202220212020201920182017
IWLD.AX
iShares Core MSCI World Ex Australia ESG ETF		0.94%1.21%1.15%2.36%0.77%13.52%2.08%3.20%2.52%1.41%
SEMI.AX
Global X Semiconductor ETF		8.25%5.60%3.44%0.54%0.96%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SEMI.AX and IWLD.AX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SEMI.AX tracks Global X Semiconductor Index, while IWLD.AX tracks iShares Core MSCI World Ex Australia ESG Index. They also come from different issuers: Global X and iShares.

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