SPY.AX vs. CORE.AX
SPY.AX (SPDR ETFs Australia - State Stree SPDR S&P 500 ETF) and CORE.AX (Schroder Global Core Fund - Active ETF) are both Global Equities funds. SPY.AX is passively managed, while CORE.AX is actively managed. Over the past year, SPY.AX returned 14.05% vs 15.14% for CORE.AX. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
SPY.AX vs. CORE.AX - Performance Comparison
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Returns By Period
In the year-to-date period, SPY.AX achieves a 5.81% return, which is significantly higher than CORE.AX's 4.95% return.
SPY.AX
- 1D
- 0.05%
- 1M
- 2.03%
- 6M
- 4.83%
- YTD
- 5.81%
- 1Y
- 14.05%
- 3Y*
- 19.36%
- 5Y*
- 14.45%
- 10Y*
- 15.99%
CORE.AX
- 1D
- -0.25%
- 1M
- 0.93%
- 6M
- 4.67%
- YTD
- 4.95%
- 1Y
- 15.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPY.AX vs. CORE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPY.AX SPDR ETFs Australia - State Stree SPDR S&P 500 ETF | 5.81% | 12.97% |
CORE.AX Schroder Global Core Fund - Active ETF | 4.95% | 12.78% |
Correlation
The correlation between SPY.AX and CORE.AX is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.61 |
The correlation between SPY.AX and CORE.AX has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.
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Return for Risk
SPY.AX vs. CORE.AX — Risk / Return Rank
SPY.AX
CORE.AX
SPY.AX vs. CORE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ETFs Australia - State Stree SPDR S&P 500 ETF (SPY.AX) and Schroder Global Core Fund - Active ETF (CORE.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.
| SPY.AX | CORE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.68 | -0.42 |
| Martin ratioReturn relative to average drawdown | 3.39 | 4.54 | -1.14 |
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Drawdowns
SPY.AX vs. CORE.AX - Drawdown Comparison
The maximum SPY.AX drawdown since its inception was -23.49%, which is greater than CORE.AX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for SPY.AX and CORE.AX.
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Drawdown Indicators
| SPY.AX | CORE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.49% | -10.20% | -13.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -10.20% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -17.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.49% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -1.34% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -2.60% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | — | — |
Volatility
SPY.AX vs. CORE.AX - Volatility Comparison
SPDR ETFs Australia - State Stree SPDR S&P 500 ETF (SPY.AX) has a higher volatility of 2.44% compared to Schroder Global Core Fund - Active ETF (CORE.AX) at 2.12%. This indicates that SPY.AX's price experiences larger fluctuations and is considered to be riskier than CORE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY.AX | CORE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 2.12% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 7.39% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.35% | 12.44% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 12.50% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.76% | 12.50% | +2.26% |
Dividends
SPY.AX vs. CORE.AX - Dividend Comparison
SPY.AX's dividend yield for the trailing twelve months is around 1.00%, more than CORE.AX's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 0.68% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY.AX SPDR ETFs Australia - State Stree SPDR S&P 500 ETF | 1.00% | 1.04% | 1.15% | 1.35% | 1.50% | 1.03% | 1.60% | 1.64% | 1.80% | 1.72% | 1.71% | 1.80% |
Frequently Asked Questions
SPY.AX and CORE.AX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: SPDR and Schroder.
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