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USD.AX vs. ESGI.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USD.AX vs. ESGI.AX

Last updated Jul 16, 2026
Documentation

USD.AX (BetaShares U.S. Dollar ETF) and ESGI.AX (VanEck MSCI International Sustainable Equity ETF) are both Global Equities funds - USD.AX tracks the BetaShares U.S. Dollar Index while ESGI.AX tracks the MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index. Both are passively managed. Over the past 5 years, USD.AX returned 4.46%/yr vs 10.39%/yr for ESGI.AX. At a 0.02 correlation, their price movements are largely independent.

Performance

USD.AX vs. ESGI.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares U.S. Dollar ETF (USD.AX) and VanEck MSCI International Sustainable Equity ETF (ESGI.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, USD.AX achieves a -2.48% return, which is significantly lower than ESGI.AX's 6.43% return.

USD.AX

1D
-0.07%
1M
1.54%
6M
-2.68%
YTD
-2.48%
1Y
-3.06%
3Y*
3.39%
5Y*
4.46%
10Y*
2.72%

ESGI.AX

1D
-0.45%
1M
4.59%
6M
4.93%
YTD
6.43%
1Y
8.19%
3Y*
14.32%
5Y*
10.39%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

USD.AX vs. ESGI.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
USD.AX
BetaShares U.S. Dollar ETF		-2.48%-3.37%15.22%3.37%8.32%5.76%-8.86%2.76%10.92%
ESGI.AX
VanEck MSCI International Sustainable Equity ETF		6.43%6.29%23.14%16.95%-7.32%24.77%4.97%28.97%-2.79%

Correlation

The correlation between USD.AX and ESGI.AX is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.16

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

0.01

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

0.00

Correlation (All Time)
Calculated using the full available price history since Mar 6, 2018

0.02

The correlation between USD.AX and ESGI.AX shifts across timeframes, from -0.16 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

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BetaShares U.S. Dollar ETF

VanEck MSCI International Sustainable Equity ETF

Return for Risk

USD.AX vs. ESGI.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USD.AX
USD.AX Risk / Return Rank: 66
Overall Rank
USD.AX Sharpe Ratio Rank: 66
Sharpe Ratio Rank
USD.AX Sortino Ratio Rank: 66
Sortino Ratio Rank
USD.AX Omega Ratio Rank: 66
Omega Ratio Rank
USD.AX Calmar Ratio Rank: 66
Calmar Ratio Rank
USD.AX Martin Ratio Rank: 66
Martin Ratio Rank
ESGI.AX
ESGI.AX Risk / Return Rank: 1919
Overall Rank
ESGI.AX Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
ESGI.AX Sortino Ratio Rank: 2121
Sortino Ratio Rank
ESGI.AX Omega Ratio Rank: 2020
Omega Ratio Rank
ESGI.AX Calmar Ratio Rank: 1717
Calmar Ratio Rank
ESGI.AX Martin Ratio Rank: 1717
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.

USD.AX vs. ESGI.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares U.S. Dollar ETF (USD.AX) and VanEck MSCI International Sustainable Equity ETF (ESGI.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.

USD.AXESGI.AXDifference
Sharpe ratioReturn per unit of total volatility
-0.36
0.62

-0.98

Sortino ratioReturn per unit of downside risk
-0.42
0.98

-1.41

Omega ratioGain probability vs. loss probability

0.95

1.12

-0.17

Calmar ratioReturn relative to maximum drawdown

-0.34

0.60

-0.94

Martin ratioReturn relative to average drawdown

-0.62

1.38

-2.00

USD.AX vs. ESGI.AX - Sharpe Ratio Comparison

The current USD.AX Sharpe Ratio is -0.36, which is lower than the ESGI.AX Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of USD.AX and ESGI.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

USD.AX vs. ESGI.AX - Drawdown Comparison

The maximum USD.AX drawdown since its inception was -30.05%, which is greater than ESGI.AX's maximum drawdown of -22.88%. Use the drawdown chart below to compare losses from any high point for USD.AX and ESGI.AX.

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Drawdown Indicators

USD.AXESGI.AXDifference

Max Drawdown

Largest peak-to-trough decline

-30.05%

-22.88%

-7.17%

Max Drawdown (1Y)

Largest decline over 1 year

-9.84%

-14.92%

+5.08%

Max Drawdown (3Y)

Largest decline over 3 years

-14.54%

-14.92%

+0.38%

Max Drawdown (5Y)

Largest decline over 5 years

-14.54%

-19.38%

+4.84%

Max Drawdown (10Y)

Largest decline over 10 years

-30.05%

—

—

Current Drawdown

Current decline from peak

-10.73%

-1.00%

-9.73%

Average Drawdown

Average peak-to-trough decline

-9.62%

-4.51%

-5.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.49%

6.53%

-1.04%

Volatility

USD.AX vs. ESGI.AX - Volatility Comparison

The current volatility for BetaShares U.S. Dollar ETF (USD.AX) is 1.70%, while VanEck MSCI International Sustainable Equity ETF (ESGI.AX) has a volatility of 3.61%. This indicates that USD.AX experiences smaller price fluctuations and is considered to be less risky than ESGI.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USD.AXESGI.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.70%

3.61%

-1.91%

Volatility (6M)

Calculated over the trailing 6-month period

7.36%

12.18%

-4.82%

Volatility (1Y)

Calculated over the trailing 1-year period

9.46%

14.33%

-4.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.02%

13.00%

-1.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.56%

13.86%

-3.30%

Dividends

USD.AX vs. ESGI.AX - Dividend Comparison

USD.AX has not paid dividends to shareholders, while ESGI.AX's dividend yield for the trailing twelve months is around 2.71%.

PositionTTM2025202420232022202120202019201820172016
ESGI.AX
VanEck MSCI International Sustainable Equity ETF		2.71%6.43%6.58%3.35%2.39%1.42%1.50%1.55%0.52%0.00%0.00%
USD.AX
BetaShares U.S. Dollar ETF		0.00%2.53%3.89%3.39%0.00%0.00%1.19%2.37%0.76%0.17%0.08%

Frequently Asked Questions

USD.AX and ESGI.AX have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

USD.AX tracks BetaShares U.S. Dollar Index, while ESGI.AX tracks MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index. They also come from different issuers: BetaShares and VanEck.

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