SFY.AX vs. OZF.AX
SFY.AX (SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF) and OZF.AX (SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF) are both exchange-traded funds - SFY.AX is a Global Equities fund tracking the SPDR Index, while OZF.AX is a Financials Equities fund tracking the SPDR Index. Both are passively managed. Over the past 10 years, SFY.AX returned 8.93%/yr vs 9.31%/yr for OZF.AX. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
SFY.AX vs. OZF.AX - Performance Comparison
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Returns By Period
In the year-to-date period, SFY.AX achieves a 5.64% return, which is significantly lower than OZF.AX's 6.30% return. Both investments have delivered pretty close results over the past 10 years, with SFY.AX having a 8.93% annualized return and OZF.AX not far ahead at 9.31%.
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%
OZF.AX
- 1D
- 1.14%
- 1M
- 5.52%
- 6M
- 7.91%
- YTD
- 6.30%
- 1Y
- 5.96%
- 3Y*
- 18.58%
- 5Y*
- 12.36%
- 10Y*
- 9.31%
SFY.AX vs. OZF.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
OZF.AX SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF | 6.30% | 11.07% | 29.96% | 10.42% | 1.05% | 23.44% | -5.79% | 12.70% | -9.21% | 4.50% |
Correlation
The correlation between SFY.AX and OZF.AX is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2011 | 0.75 |
The correlation between SFY.AX and OZF.AX has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.
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Return for Risk
SFY.AX vs. OZF.AX — Risk / Return Rank
SFY.AX
OZF.AX
SFY.AX vs. OZF.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF (SFY.AX) and SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF (OZF.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.
| SFY.AX | OZF.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.08 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.68 | +0.29 |
| Martin ratioReturn relative to average drawdown | 2.05 | 1.37 | +0.69 |
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Drawdowns
SFY.AX vs. OZF.AX - Drawdown Comparison
The maximum SFY.AX drawdown since its inception was -48.20%, which is greater than OZF.AX's maximum drawdown of -42.63%. Use the drawdown chart below to compare losses from any high point for SFY.AX and OZF.AX.
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Drawdown Indicators
| SFY.AX | OZF.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.20% | -42.63% | -5.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.39% | -10.43% | +3.04% |
Max Drawdown (3Y)Largest decline over 3 years | -12.86% | -15.91% | +3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -14.21% | -20.52% | +6.31% |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | -42.63% | +9.65% |
Current DrawdownCurrent decline from peak | -1.63% | -2.51% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -6.99% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 5.17% | -1.64% |
Volatility
SFY.AX vs. OZF.AX - Volatility Comparison
The current volatility for SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF (SFY.AX) is 2.61%, while SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF (OZF.AX) has a volatility of 3.75%. This indicates that SFY.AX experiences smaller price fluctuations and is considered to be less risky than OZF.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFY.AX | OZF.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 3.75% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.82% | 13.25% | -3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 17.86% | -5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 16.41% | -3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.65% | 18.30% | -3.65% |
Dividends
SFY.AX vs. OZF.AX - Dividend Comparison
SFY.AX's dividend yield for the trailing twelve months is around 3.85%, more than OZF.AX's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OZF.AX SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF | 2.84% | 4.47% | 1.97% | 3.91% | 3.99% | 3.80% | 1.71% | 4.57% | 5.01% | 4.86% | 5.74% | 6.49% |
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
SFY.AX and OZF.AX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SFY.AX is categorized as Global Equities, while OZF.AX is Financials Equities. Both ETFs track SPDR Index.
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