PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SFY.AX vs. WXHG.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SFY.AX vs. WXHG.AX

Last updated Jul 18, 2026
Documentation

SFY.AX (SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF) and WXHG.AX (SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF) are both Global Equities funds from SPDR tracking the SPDR Index. Both are passively managed. Over the past 10 years, SFY.AX returned 8.90%/yr vs 11.79%/yr for WXHG.AX. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

SFY.AX vs. WXHG.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF (SFY.AX) and SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF (WXHG.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SFY.AX achieves a 4.99% return, which is significantly lower than WXHG.AX's 6.30% return. Over the past 10 years, SFY.AX has underperformed WXHG.AX with an annualized return of 8.90%, while WXHG.AX has yielded a comparatively higher 11.79% annualized return.

SFY.AX

1D
-0.62%
1M
-1.24%
6M
3.17%
YTD
4.99%
1Y
5.32%
3Y*
10.42%
5Y*
8.04%
10Y*
8.90%

WXHG.AX

1D
-1.05%
1M
-0.38%
6M
4.97%
YTD
6.30%
1Y
18.02%
3Y*
17.16%
5Y*
10.02%
10Y*
11.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SFY.AX vs. WXHG.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SFY.AX
SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF		4.99%7.36%11.46%12.65%1.60%16.17%-1.66%24.22%-1.86%9.06%
WXHG.AX
SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF		6.30%18.99%19.77%23.72%-19.94%23.36%10.60%25.72%-8.51%20.03%

Correlation

The correlation between SFY.AX and WXHG.AX is 0.58, 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

0.58

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

0.62

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

0.65

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

0.59

Correlation (All Time)
Calculated using the full available price history since Jul 8, 2013

0.57

The correlation between SFY.AX and WXHG.AX has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

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

SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF

Often compared with SFY.AX:
SFY.AX vs. GOVT.AXSFY.AX vs. DJRE.AXSFY.AX vs. OZF.AXSFY.AX vs. OZR.AXSFY.AX vs. QMIX.AXSFY.AX vs. SLF.AXSFY.AX vs. SPY.AX
Often compared with WXHG.AX:
WXHG.AX vs. SSO.AXWXHG.AX vs. DJRE.AXWXHG.AX vs. GOVT.AXWXHG.AX vs. OOO.AXWXHG.AX vs. OZF.AXWXHG.AX vs. OZR.AXWXHG.AX vs. SLF.AX

Return for Risk

SFY.AX vs. WXHG.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SFY.AX
SFY.AX Risk / Return Rank: 1818
Overall Rank
SFY.AX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
SFY.AX Sortino Ratio Rank: 1717
Sortino Ratio Rank
SFY.AX Omega Ratio Rank: 1717
Omega Ratio Rank
SFY.AX Calmar Ratio Rank: 2121
Calmar Ratio Rank
SFY.AX Martin Ratio Rank: 1919
Martin Ratio Rank
WXHG.AX
WXHG.AX Risk / Return Rank: 5353
Overall Rank
WXHG.AX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
WXHG.AX Sortino Ratio Rank: 5151
Sortino Ratio Rank
WXHG.AX Omega Ratio Rank: 5353
Omega Ratio Rank
WXHG.AX Calmar Ratio Rank: 4848
Calmar Ratio Rank
WXHG.AX Martin Ratio Rank: 6060
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.

SFY.AX vs. WXHG.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 World ex Australia Carbon Aware (Hedged) ETF (WXHG.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.AXWXHG.AXDifference
Sharpe ratioReturn per unit of total volatility
0.41
1.35

-0.94

Sortino ratioReturn per unit of downside risk
0.69
1.90

-1.22

Omega ratioGain probability vs. loss probability

1.08

1.25

-0.17

Calmar ratioReturn relative to maximum drawdown

0.70

1.87

-1.17

Martin ratioReturn relative to average drawdown

1.48

7.77

-6.29

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

The current SFY.AX Sharpe Ratio is 0.41, which is lower than the WXHG.AX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of SFY.AX and WXHG.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

SFY.AX vs. WXHG.AX - Drawdown Comparison

The maximum SFY.AX drawdown since its inception was -48.20%, which is greater than WXHG.AX's maximum drawdown of -36.37%. Use the drawdown chart below to compare losses from any high point for SFY.AX and WXHG.AX.

Loading charts...

Drawdown Indicators

SFY.AXWXHG.AXDifference

Max Drawdown

Largest peak-to-trough decline

-48.20%

-36.37%

-11.83%

Max Drawdown (1Y)

Largest decline over 1 year

-7.39%

-9.34%

+1.95%

Max Drawdown (3Y)

Largest decline over 3 years

-12.86%

-18.93%

+6.07%

Max Drawdown (5Y)

Largest decline over 5 years

-14.21%

-26.29%

+12.08%

Max Drawdown (10Y)

Largest decline over 10 years

-32.98%

-36.37%

+3.39%

Current Drawdown

Current decline from peak

-2.24%

-1.09%

-1.15%

Average Drawdown

Average peak-to-trough decline

-9.34%

-4.59%

-4.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.54%

2.27%

+1.27%

Volatility

SFY.AX vs. WXHG.AX - Volatility Comparison

SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF (SFY.AX) and SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF (WXHG.AX) have volatilities of 2.65% and 2.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SFY.AXWXHG.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.65%

2.76%

-0.11%

Volatility (6M)

Calculated over the trailing 6-month period

9.81%

10.97%

-1.16%

Volatility (1Y)

Calculated over the trailing 1-year period

12.62%

12.87%

-0.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.78%

16.45%

-3.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.65%

16.86%

-2.21%

Dividends

SFY.AX vs. WXHG.AX - Dividend Comparison

SFY.AX's dividend yield for the trailing twelve months is around 3.87%, less than WXHG.AX's 7.19% yield.

PositionTTM20252024202320222021202020192018201720162015
SFY.AX
SPDR ETFs Australia - State Street SPDR S&P/ASX 50 ETF		3.87%3.60%4.04%4.16%6.09%3.95%2.73%4.85%5.07%4.60%4.82%4.34%
WXHG.AX
SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF		7.19%6.68%6.35%5.69%25.09%2.77%3.83%4.25%2.54%2.83%3.55%5.33%

Frequently Asked Questions

SFY.AX and WXHG.AX have a correlation of 0.58, 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.

Portfolio Optimizer

Find the right allocation for SFY.AX and WXHG.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