PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SEMI.AX vs. WVOL.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SEMI.AX vs. WVOL.AX

Last updated Jul 16, 2026
Documentation

SEMI.AX (Global X Semiconductor ETF) and WVOL.AX (iShares MSCI World ex Australia Minimum Volatility ETF) are both Global Equities funds - SEMI.AX tracks the Global X Semiconductor Index while WVOL.AX tracks the iShares MSCI World ex Australia Minimum Volatility Index. Both are passively managed. Over the past 3 years, SEMI.AX returned 56.20%/yr vs 11.42%/yr for WVOL.AX. At a 0.22 correlation, their price movements are largely independent.

Performance

SEMI.AX vs. WVOL.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 MSCI World ex Australia Minimum Volatility ETF (WVOL.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SEMI.AX achieves a 73.20% return, which is significantly higher than WVOL.AX's 1.58% return.

SEMI.AX

1D
-5.18%
1M
-8.58%
6M
56.90%
YTD
73.20%
1Y
121.94%
3Y*
56.20%
5Y*
—
10Y*
—

WVOL.AX

1D
-0.73%
1M
0.44%
6M
1.08%
YTD
1.58%
1Y
5.79%
3Y*
11.42%
5Y*
8.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
SEMI.AX
Global X Semiconductor ETF		73.20%43.80%35.17%69.12%-30.92%15.60%
WVOL.AX
iShares MSCI World ex Australia Minimum Volatility ETF		1.58%10.13%20.75%5.37%-3.23%2.33%

Correlation

The correlation between SEMI.AX and WVOL.AX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.04

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

0.08

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

0.22

The correlation between SEMI.AX and WVOL.AX shifts across timeframes, from -0.04 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

Global X Semiconductor ETF

iShares MSCI World ex Australia Minimum Volatility ETF

Return for Risk

SEMI.AX vs. WVOL.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: 9595
Overall Rank
SEMI.AX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
SEMI.AX Sortino Ratio Rank: 9292
Sortino Ratio Rank
SEMI.AX Omega Ratio Rank: 9292
Omega Ratio Rank
SEMI.AX Calmar Ratio Rank: 9797
Calmar Ratio Rank
SEMI.AX Martin Ratio Rank: 9696
Martin Ratio Rank
WVOL.AX
WVOL.AX Risk / Return Rank: 2727
Overall Rank
WVOL.AX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
WVOL.AX Sortino Ratio Rank: 2727
Sortino Ratio Rank
WVOL.AX Omega Ratio Rank: 2424
Omega Ratio Rank
WVOL.AX Calmar Ratio Rank: 2828
Calmar Ratio Rank
WVOL.AX Martin Ratio Rank: 2727
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. WVOL.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Semiconductor ETF (SEMI.AX) and iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.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.AXWVOL.AXDifference
Sharpe ratioReturn per unit of total volatility
3.30
0.83

+2.47

Sortino ratioReturn per unit of downside risk
3.70
1.26

+2.44

Omega ratioGain probability vs. loss probability

1.50

1.15

+0.36

Calmar ratioReturn relative to maximum drawdown

8.01

1.17

+6.84

Martin ratioReturn relative to average drawdown

25.91

2.93

+22.98

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

The current SEMI.AX Sharpe Ratio is 3.30, which is higher than the WVOL.AX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of SEMI.AX and WVOL.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

SEMI.AX vs. WVOL.AX - Drawdown Comparison

The maximum SEMI.AX drawdown since its inception was -38.85%, which is greater than WVOL.AX's maximum drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for SEMI.AX and WVOL.AX.

Loading charts...

Drawdown Indicators

SEMI.AXWVOL.AXDifference

Max Drawdown

Largest peak-to-trough decline

-38.85%

-21.05%

-17.80%

Max Drawdown (1Y)

Largest decline over 1 year

-14.32%

-5.56%

-8.76%

Max Drawdown (3Y)

Largest decline over 3 years

-32.53%

-5.92%

-26.61%

Max Drawdown (5Y)

Largest decline over 5 years

—

-12.52%

—

Current Drawdown

Current decline from peak

-14.32%

-1.83%

-12.49%

Average Drawdown

Average peak-to-trough decline

-10.86%

-3.70%

-7.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.48%

2.24%

+2.24%

Volatility

SEMI.AX vs. WVOL.AX - Volatility Comparison

Global X Semiconductor ETF (SEMI.AX) has a higher volatility of 15.14% compared to iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX) at 2.31%. This indicates that SEMI.AX's price experiences larger fluctuations and is considered to be riskier than WVOL.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SEMI.AXWVOL.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.14%

2.31%

+12.83%

Volatility (6M)

Calculated over the trailing 6-month period

29.63%

6.26%

+23.37%

Volatility (1Y)

Calculated over the trailing 1-year period

34.76%

7.90%

+26.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.62%

9.41%

+22.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.62%

11.62%

+20.00%

Dividends

SEMI.AX vs. WVOL.AX - Dividend Comparison

SEMI.AX's dividend yield for the trailing twelve months is around 7.62%, more than WVOL.AX's 1.47% yield.

PositionTTM202520242023202220212020201920182017
SEMI.AX
Global X Semiconductor ETF		7.62%5.60%3.44%0.54%0.96%0.00%0.00%0.00%0.00%0.00%
WVOL.AX
iShares MSCI World ex Australia Minimum Volatility ETF		1.47%3.09%3.43%2.19%2.62%1.75%2.36%2.37%4.62%1.43%

Frequently Asked Questions

SEMI.AX and WVOL.AX have a correlation of -0.04, 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 WVOL.AX tracks iShares MSCI World ex Australia Minimum Volatility Index. They also come from different issuers: Global X and iShares.

Portfolio Optimizer

Find the right allocation for SEMI.AX and WVOL.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