SLF.AX vs. WXHG.AX

Last updated Jul 18, 2026

SLF.AX (SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF) and WXHG.AX (SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF) are both exchange-traded funds - SLF.AX is a REIT fund tracking the SPDR Index, while WXHG.AX is a Global Equities fund tracking the SPDR Index. Both are passively managed. Over the past 10 years, SLF.AX returned 7.06%/yr vs 11.79%/yr for WXHG.AX. At a 0.40 correlation, their price movements are largely independent.

Performance

SLF.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 200 Listed Property ETF (SLF.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.

Returns By Period

In the year-to-date period, SLF.AX achieves a -8.20% return, which is significantly lower than WXHG.AX's 6.30% return. Over the past 10 years, SLF.AX has underperformed WXHG.AX with an annualized return of 7.06%, while WXHG.AX has yielded a comparatively higher 11.79% annualized return.

SLF.AX

• 1D: -0.33%
• 1M: -5.86%
• 6M: -9.00%
• YTD: -8.20%
• 1Y: -7.58%
• 3Y*: 9.76%
• 5Y*: 6.67%
• 10Y*: 7.06%

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLF.AX SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF	-8.20%	8.02%	19.77%	21.15%	-17.73%	28.03%	0.02%	22.20%	7.29%	6.80%
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 SLF.AX and WXHG.AX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jul 8, 2013	0.40

The correlation between SLF.AX and WXHG.AX shifts across timeframes, from 0.40 (all time) to 0.52 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SLF.AX vs. WXHG.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: 6
SLF.AX Sharpe Ratio Rank: 6
SLF.AX Sortino Ratio Rank: 6
SLF.AX Omega Ratio Rank: 6
SLF.AX Calmar Ratio Rank: 7
SLF.AX Martin Ratio Rank: 7

WXHG.AX

WXHG.AX Risk / Return Rank: 53
WXHG.AX Sharpe Ratio Rank: 52
WXHG.AX Sortino Ratio Rank: 51
WXHG.AX Omega Ratio Rank: 53
WXHG.AX Calmar Ratio Rank: 48
WXHG.AX Martin Ratio Rank: 60

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. 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 200 Listed Property ETF (SLF.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.

	SLF.AX	WXHG.AX	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	1.35	-1.75
Sortino ratio: Return per unit of downside risk	-0.43	1.90	-2.34
Omega ratio: Gain probability vs. loss probability	0.95	1.25	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.33	1.87	-2.20
Martin ratio: Return relative to average drawdown	-0.70	7.77	-8.47

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

The current SLF.AX Sharpe Ratio is -0.40, which is lower than the WXHG.AX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of SLF.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.

Drawdowns

SLF.AX vs. WXHG.AX - Drawdown Comparison

The maximum SLF.AX drawdown since its inception was -75.42%, 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 SLF.AX and WXHG.AX.

Drawdown Indicators

	SLF.AX	WXHG.AX	Difference
Max Drawdown Largest peak-to-trough decline	-75.42%	-36.37%	-39.05%
Max Drawdown (1Y) Largest decline over 1 year	-22.29%	-9.34%	-12.95%
Max Drawdown (3Y) Largest decline over 3 years	-22.29%	-18.93%	-3.36%
Max Drawdown (5Y) Largest decline over 5 years	-28.42%	-26.29%	-2.13%
Max Drawdown (10Y) Largest decline over 10 years	-49.10%	-36.37%	-12.73%
Current Drawdown Current decline from peak	-13.76%	-1.09%	-12.67%
Average Drawdown Average peak-to-trough decline	-24.76%	-4.59%	-20.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.75%	2.27%	+8.48%

Volatility

SLF.AX vs. WXHG.AX - Volatility Comparison

SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF (SLF.AX) has a higher volatility of 4.08% compared to SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF (WXHG.AX) at 2.76%. This indicates that SLF.AX's price experiences larger fluctuations and is considered to be riskier than WXHG.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLF.AX	WXHG.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	2.76%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	15.24%	10.97%	+4.27%
Volatility (1Y) Calculated over the trailing 1-year period	18.69%	12.87%	+5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.32%	16.45%	+3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.58%	16.86%	+5.72%

Dividends

SLF.AX vs. WXHG.AX - Dividend Comparison

SLF.AX's dividend yield for the trailing twelve months is around 4.98%, less than WXHG.AX's 7.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLF.AX SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Listed Property ETF	4.98%	4.33%	4.15%	11.34%	11.20%	7.47%	9.34%	8.99%	13.05%	5.78%	3.81%	3.29%
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

Can I hold both SLF.AX and WXHG.AX in my portfolio?

SLF.AX and WXHG.AX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between SLF.AX and WXHG.AX?

SLF.AX is categorized as REIT, while WXHG.AX is Global Equities. Both ETFs track SPDR Index.