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SLF.AX vs. WEMG.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SLF.AX vs. WEMG.AX

Last updated Jul 16, 2026
Documentation

SLF.AX (SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF) and WEMG.AX (SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF) are both exchange-traded funds - SLF.AX is a REIT fund tracking the SPDR Index, while WEMG.AX is a Emerging Markets Equities fund tracking the SPDR Index. Both are passively managed. Over the past 10 years, SLF.AX returned 7.08%/yr vs 8.90%/yr for WEMG.AX. At a 0.18 correlation, their price movements are largely independent.

Performance

SLF.AX vs. WEMG.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 200 Listed Property ETF (SLF.AX) and SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF (WEMG.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, SLF.AX achieves a -7.90% return, which is significantly lower than WEMG.AX's 6.00% return. Over the past 10 years, SLF.AX has underperformed WEMG.AX with an annualized return of 7.08%, while WEMG.AX has yielded a comparatively higher 8.90% annualized return.

SLF.AX

1D
0.00%
1M
-4.92%
6M
-7.36%
YTD
-7.90%
1Y
-5.99%
3Y*
9.40%
5Y*
6.74%
10Y*
7.08%

WEMG.AX

1D
0.35%
1M
0.27%
6M
0.76%
YTD
6.00%
1Y
15.90%
3Y*
15.82%
5Y*
6.49%
10Y*
8.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SLF.AX vs. WEMG.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SLF.AX
SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF		-7.90%8.02%19.77%21.15%-17.73%28.03%0.02%22.20%7.29%6.80%
WEMG.AX
SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF		6.00%17.52%25.30%5.67%-13.15%3.67%4.15%20.19%-2.72%24.77%

Correlation

The correlation between SLF.AX and WEMG.AX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.35

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

0.26

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

0.24

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

0.18

Correlation (All Time)
Calculated using the full available price history since Nov 1, 2013

0.18

The correlation between SLF.AX and WEMG.AX shifts across timeframes, from 0.18 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.

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SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF

SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF

Return for Risk

SLF.AX vs. WEMG.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SLF.AX
SLF.AX Risk / Return Rank: 66
Overall Rank
SLF.AX Sharpe Ratio Rank: 66
Sharpe Ratio Rank
SLF.AX Sortino Ratio Rank: 66
Sortino Ratio Rank
SLF.AX Omega Ratio Rank: 66
Omega Ratio Rank
SLF.AX Calmar Ratio Rank: 77
Calmar Ratio Rank
SLF.AX Martin Ratio Rank: 77
Martin Ratio Rank
WEMG.AX
WEMG.AX Risk / Return Rank: 3030
Overall Rank
WEMG.AX Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
WEMG.AX Sortino Ratio Rank: 3131
Sortino Ratio Rank
WEMG.AX Omega Ratio Rank: 3131
Omega Ratio Rank
WEMG.AX Calmar Ratio Rank: 2626
Calmar Ratio Rank
WEMG.AX Martin Ratio Rank: 3030
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.

SLF.AX vs. WEMG.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 200 Listed Property ETF (SLF.AX) and SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF (WEMG.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.

SLF.AXWEMG.AXDifference
Sharpe ratioReturn per unit of total volatility
-0.31
0.95

-1.25

Sortino ratioReturn per unit of downside risk
-0.30
1.41

-1.71

Omega ratioGain probability vs. loss probability

0.96

1.18

-0.22

Calmar ratioReturn relative to maximum drawdown

-0.26

1.06

-1.31

Martin ratioReturn relative to average drawdown

-0.54

3.38

-3.92

SLF.AX vs. WEMG.AX - Sharpe Ratio Comparison

The current SLF.AX Sharpe Ratio is -0.31, which is lower than the WEMG.AX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of SLF.AX and WEMG.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

SLF.AX vs. WEMG.AX - Drawdown Comparison

The maximum SLF.AX drawdown since its inception was -75.42%, which is greater than WEMG.AX's maximum drawdown of -25.33%. Use the drawdown chart below to compare losses from any high point for SLF.AX and WEMG.AX.

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Drawdown Indicators

SLF.AXWEMG.AXDifference

Max Drawdown

Largest peak-to-trough decline

-75.42%

-25.33%

-50.09%

Max Drawdown (1Y)

Largest decline over 1 year

-22.29%

-12.68%

-9.61%

Max Drawdown (3Y)

Largest decline over 3 years

-22.29%

-12.68%

-9.61%

Max Drawdown (5Y)

Largest decline over 5 years

-28.42%

-22.11%

-6.31%

Max Drawdown (10Y)

Largest decline over 10 years

-49.10%

-24.15%

-24.95%

Current Drawdown

Current decline from peak

-13.47%

-1.06%

-12.41%

Average Drawdown

Average peak-to-trough decline

-24.75%

-7.37%

-17.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.71%

4.00%

+6.71%

Volatility

SLF.AX vs. WEMG.AX - Volatility Comparison

The current volatility for SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF (SLF.AX) is 4.26%, while SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF (WEMG.AX) has a volatility of 6.02%. This indicates that SLF.AX experiences smaller price fluctuations and is considered to be less risky than WEMG.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SLF.AXWEMG.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.26%

6.02%

-1.76%

Volatility (6M)

Calculated over the trailing 6-month period

15.25%

12.25%

+3.00%

Volatility (1Y)

Calculated over the trailing 1-year period

18.68%

14.28%

+4.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.32%

14.32%

+6.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.58%

14.78%

+7.80%

Dividends

SLF.AX vs. WEMG.AX - Dividend Comparison

SLF.AX's dividend yield for the trailing twelve months is around 4.96%, less than WEMG.AX's 7.16% yield.

PositionTTM20252024202320222021202020192018201720162015
SLF.AX
SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF		4.96%4.33%4.15%11.34%11.20%7.47%9.34%8.99%13.05%5.78%3.81%3.29%
WEMG.AX
SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF		7.16%3.46%1.91%2.64%2.86%2.19%2.38%2.36%2.53%1.29%2.19%2.02%

Frequently Asked Questions

SLF.AX and WEMG.AX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SLF.AX is categorized as REIT, while WEMG.AX is Emerging Markets Equities. Both ETFs track SPDR Index.

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