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SYI.AX vs. IHD.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SYI.AX vs. IHD.AX

Last updated Jul 16, 2026
Documentation

SYI.AX (SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF) and IHD.AX (iShares S&P/ASX Dividend Opportunities ESG Screened ETF) are both Dividend funds - SYI.AX tracks the SPDR Index while IHD.AX tracks the iShares S&P/ASX Dividend Opportunities ESG Screened Index. Both are passively managed. Over the past 10 years, SYI.AX returned 8.84%/yr vs 8.02%/yr for IHD.AX. Their correlation of 0.82 suggests significant overlap in exposure.

Performance

SYI.AX vs. IHD.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF (SYI.AX) and iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD.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, SYI.AX achieves a 9.11% return, which is significantly higher than IHD.AX's 6.05% return. Over the past 10 years, SYI.AX has outperformed IHD.AX with an annualized return of 8.84%, while IHD.AX has yielded a comparatively lower 8.02% annualized return.

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%

IHD.AX

1D
-0.06%
1M
-1.76%
6M
5.07%
YTD
6.05%
1Y
18.31%
3Y*
14.60%
5Y*
9.20%
10Y*
8.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SYI.AX vs. IHD.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IHD.AX
iShares S&P/ASX Dividend Opportunities ESG Screened ETF		6.05%20.16%7.98%13.98%-0.62%10.21%-3.33%24.74%-10.48%8.59%

Correlation

The correlation between SYI.AX and IHD.AX is 0.70, 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

0.70

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

0.80

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

0.84

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

0.81

Correlation (All Time)
Calculated using the full available price history since Dec 7, 2010

0.82

The correlation between SYI.AX and IHD.AX shifts across timeframes, from 0.70 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.

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SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF

iShares S&P/ASX Dividend Opportunities ESG Screened ETF

Return for Risk

SYI.AX vs. IHD.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SYI.AX
SYI.AX Risk / Return Rank: 4141
Overall Rank
SYI.AX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
SYI.AX Sortino Ratio Rank: 4040
Sortino Ratio Rank
SYI.AX Omega Ratio Rank: 3838
Omega Ratio Rank
SYI.AX Calmar Ratio Rank: 5050
Calmar Ratio Rank
SYI.AX Martin Ratio Rank: 3939
Martin Ratio Rank
IHD.AX
IHD.AX Risk / Return Rank: 5757
Overall Rank
IHD.AX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
IHD.AX Sortino Ratio Rank: 5454
Sortino Ratio Rank
IHD.AX Omega Ratio Rank: 5353
Omega Ratio Rank
IHD.AX Calmar Ratio Rank: 6666
Calmar Ratio Rank
IHD.AX Martin Ratio Rank: 5959
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.

SYI.AX vs. IHD.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF (SYI.AX) and iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD.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.

SYI.AXIHD.AXDifference
Sharpe ratioReturn per unit of total volatility
1.21
1.51

-0.30

Sortino ratioReturn per unit of downside risk
1.75
2.15

-0.40

Omega ratioGain probability vs. loss probability

1.21

1.27

-0.06

Calmar ratioReturn relative to maximum drawdown

2.06

2.67

-0.61

Martin ratioReturn relative to average drawdown

4.97

8.30

-3.33

SYI.AX vs. IHD.AX - Sharpe Ratio Comparison

The current SYI.AX Sharpe Ratio is 1.21, which is comparable to the IHD.AX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of SYI.AX and IHD.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

SYI.AX vs. IHD.AX - Drawdown Comparison

The maximum SYI.AX drawdown since its inception was -36.94%, roughly equal to the maximum IHD.AX drawdown of -36.45%. Use the drawdown chart below to compare losses from any high point for SYI.AX and IHD.AX.

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Drawdown Indicators

SYI.AXIHD.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.94%

-36.45%

-0.49%

Max Drawdown (1Y)

Largest decline over 1 year

-6.57%

-7.00%

+0.43%

Max Drawdown (3Y)

Largest decline over 3 years

-11.03%

-10.58%

-0.45%

Max Drawdown (5Y)

Largest decline over 5 years

-15.72%

-14.00%

-1.72%

Max Drawdown (10Y)

Largest decline over 10 years

-36.94%

-36.45%

-0.49%

Current Drawdown

Current decline from peak

-0.43%

-1.76%

+1.33%

Average Drawdown

Average peak-to-trough decline

-4.99%

-5.61%

+0.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.75%

2.28%

+0.47%

Volatility

SYI.AX vs. IHD.AX - Volatility Comparison

The current volatility for SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF (SYI.AX) is 1.83%, while iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD.AX) has a volatility of 2.23%. This indicates that SYI.AX experiences smaller price fluctuations and is considered to be less risky than IHD.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SYI.AXIHD.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.83%

2.23%

-0.40%

Volatility (6M)

Calculated over the trailing 6-month period

8.32%

9.68%

-1.36%

Volatility (1Y)

Calculated over the trailing 1-year period

11.17%

12.40%

-1.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.98%

13.00%

+0.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.69%

14.97%

+0.72%

Dividends

SYI.AX vs. IHD.AX - Dividend Comparison

SYI.AX's dividend yield for the trailing twelve months is around 7.52%, more than IHD.AX's 4.03% yield.

PositionTTM20252024202320222021202020192018201720162015
IHD.AX
iShares S&P/ASX Dividend Opportunities ESG Screened ETF		4.03%4.16%5.53%4.56%6.57%5.33%1.93%6.41%6.10%4.91%3.79%6.85%
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

SYI.AX and IHD.AX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SYI.AX tracks SPDR Index, while IHD.AX tracks iShares S&P/ASX Dividend Opportunities ESG Screened Index. They also come from different issuers: SPDR and iShares.

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