STW.AX vs. SYI.AX
STW.AX (SPDR S&P/ASX 200 ETF) and SYI.AX (SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF) are both exchange-traded funds - STW.AX is a Large Cap Blend Equities fund tracking the S&P/ASX 200 Index, while SYI.AX is a Dividend fund tracking the SPDR Index. Both are passively managed. Over the past 10 years, STW.AX returned 8.95%/yr vs 8.84%/yr for SYI.AX. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
STW.AX vs. SYI.AX - Performance Comparison
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Returns By Period
In the year-to-date period, STW.AX achieves a 3.06% return, which is significantly lower than SYI.AX's 9.11% return. Both investments have delivered pretty close results over the past 10 years, with STW.AX having a 8.95% annualized return and SYI.AX not far behind at 8.84%.
STW.AX
- 1D
- 0.04%
- 1M
- -0.79%
- 6M
- 1.74%
- YTD
- 3.06%
- 1Y
- 5.59%
- 3Y*
- 10.32%
- 5Y*
- 7.73%
- 10Y*
- 8.95%
SYI.AX
- 1D
- 0.26%
- 1M
- 2.35%
- 6M
- 9.64%
- YTD
- 9.11%
- 1Y
- 13.34%
- 3Y*
- 12.29%
- 5Y*
- 9.39%
- 10Y*
- 8.84%
STW.AX vs. SYI.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STW.AX SPDR S&P/ASX 200 ETF | 3.06% | 10.21% | 11.50% | 12.18% | -1.26% | 16.70% | 1.89% | 23.18% | -2.92% | 11.55% |
SYI.AX SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF | 9.11% | 14.97% | 8.11% | 8.25% | 4.60% | 12.56% | 1.52% | 19.81% | -6.15% | 6.58% |
Correlation
The correlation between STW.AX and SYI.AX is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2010 | 0.84 |
The correlation between STW.AX and SYI.AX shifts across timeframes, from 0.68 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
STW.AX vs. SYI.AX — Risk / Return Rank
STW.AX
SYI.AX
STW.AX vs. SYI.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P/ASX 200 ETF (STW.AX) and SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF (SYI.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.
| STW.AX | SYI.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 2.06 | -1.32 |
| Martin ratioReturn relative to average drawdown | 1.76 | 4.97 | -3.21 |
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Drawdowns
STW.AX vs. SYI.AX - Drawdown Comparison
The maximum STW.AX drawdown since its inception was -50.66%, which is greater than SYI.AX's maximum drawdown of -36.94%. Use the drawdown chart below to compare losses from any high point for STW.AX and SYI.AX.
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Drawdown Indicators
| STW.AX | SYI.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.66% | -36.94% | -13.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -6.57% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -11.03% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -15.72% | +0.90% |
Max Drawdown (10Y)Largest decline over 10 years | -34.99% | -36.94% | +1.95% |
Current DrawdownCurrent decline from peak | -2.89% | -0.43% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -4.99% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.75% | +0.85% |
Volatility
STW.AX vs. SYI.AX - Volatility Comparison
SPDR S&P/ASX 200 ETF (STW.AX) has a higher volatility of 2.27% compared to SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF (SYI.AX) at 1.83%. This indicates that STW.AX's price experiences larger fluctuations and is considered to be riskier than SYI.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STW.AX | SYI.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 1.83% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 8.32% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.05% | 11.17% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.69% | 13.98% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.34% | 15.69% | -1.35% |
Dividends
STW.AX vs. SYI.AX - Dividend Comparison
STW.AX's dividend yield for the trailing twelve months is around 3.69%, less than SYI.AX's 7.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STW.AX SPDR S&P/ASX 200 ETF | 3.69% | 3.49% | 3.65% | 4.22% | 6.80% | 3.75% | 2.27% | 4.68% | 4.55% | 4.10% | 3.89% | 3.85% |
SYI.AX SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF | 7.52% | 12.66% | 4.59% | 4.98% | 16.04% | 5.05% | 3.01% | 6.48% | 6.40% | 4.92% | 4.42% | 6.59% |
Frequently Asked Questions
STW.AX and SYI.AX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STW.AX is categorized as Large Cap Blend Equities, while SYI.AX is Dividend. STW.AX tracks S&P/ASX 200 Index, while SYI.AX tracks SPDR Index.
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