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VESG.AX vs. IAA.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VESG.AX vs. IAA.AX

Last updated Jul 16, 2026
Documentation

VESG.AX (Vanguard Ethically Conscious International Shares Index ETF) and IAA.AX (iShares Asia 50 ETF (AU)) are both Global Equities funds - VESG.AX tracks the Vanguard Ethically Conscious International Shares Index Index while IAA.AX tracks the iShares Asia 50 Index. Both are passively managed. Over the past 5 years, VESG.AX returned 12.18%/yr vs 12.29%/yr for IAA.AX. At a 0.47 correlation, their price movements are largely independent.

Performance

VESG.AX vs. IAA.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard Ethically Conscious International Shares Index ETF (VESG.AX) and iShares Asia 50 ETF (AU) (IAA.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, VESG.AX achieves a 6.51% return, which is significantly lower than IAA.AX's 35.14% return.

VESG.AX

1D
-0.32%
1M
1.11%
6M
5.63%
YTD
6.51%
1Y
15.76%
3Y*
18.48%
5Y*
12.18%
10Y*
—

IAA.AX

1D
-2.18%
1M
-4.08%
6M
25.27%
YTD
35.14%
1Y
61.40%
3Y*
31.17%
5Y*
12.29%
10Y*
14.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VESG.AX vs. IAA.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VESG.AX
Vanguard Ethically Conscious International Shares Index ETF		6.51%12.41%30.88%25.56%-17.69%29.71%9.79%30.11%-11.40%
IAA.AX
iShares Asia 50 ETF (AU)		35.14%36.38%29.68%1.92%-17.59%-5.27%22.79%22.16%-4.22%

Correlation

The correlation between VESG.AX and IAA.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 (3Y)
Calculated over the trailing 3-year period

0.44

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

0.43

Correlation (All Time)
Calculated using the full available price history since Sep 11, 2018

0.47

The correlation between VESG.AX and IAA.AX shifts across timeframes, from 0.43 (5 years) to 0.62 (1 year), reflecting how their relationship changes across market environments.

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Vanguard Ethically Conscious International Shares Index ETF

iShares Asia 50 ETF (AU)

Return for Risk

VESG.AX vs. IAA.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VESG.AX
VESG.AX Risk / Return Rank: 4242
Overall Rank
VESG.AX Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
VESG.AX Sortino Ratio Rank: 4747
Sortino Ratio Rank
VESG.AX Omega Ratio Rank: 5353
Omega Ratio Rank
VESG.AX Calmar Ratio Rank: 2929
Calmar Ratio Rank
VESG.AX Martin Ratio Rank: 3232
Martin Ratio Rank
IAA.AX
IAA.AX Risk / Return Rank: 8383
Overall Rank
IAA.AX Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
IAA.AX Sortino Ratio Rank: 7474
Sortino Ratio Rank
IAA.AX Omega Ratio Rank: 7979
Omega Ratio Rank
IAA.AX Calmar Ratio Rank: 9191
Calmar Ratio Rank
IAA.AX Martin Ratio Rank: 8686
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.

VESG.AX vs. IAA.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Ethically Conscious International Shares Index ETF (VESG.AX) and iShares Asia 50 ETF (AU) (IAA.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.

VESG.AXIAA.AXDifference
Sharpe ratioReturn per unit of total volatility
1.41
2.19

-0.78

Sortino ratioReturn per unit of downside risk
1.98
2.67

-0.70

Omega ratioGain probability vs. loss probability

1.27

1.37

-0.10

Calmar ratioReturn relative to maximum drawdown

1.24

4.70

-3.45

Martin ratioReturn relative to average drawdown

3.71

14.14

-10.44

VESG.AX vs. IAA.AX - Sharpe Ratio Comparison

The current VESG.AX Sharpe Ratio is 1.41, which is lower than the IAA.AX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of VESG.AX and IAA.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

VESG.AX vs. IAA.AX - Drawdown Comparison

The maximum VESG.AX drawdown since its inception was -23.90%, smaller than the maximum IAA.AX drawdown of -44.90%. Use the drawdown chart below to compare losses from any high point for VESG.AX and IAA.AX.

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Drawdown Indicators

VESG.AXIAA.AXDifference

Max Drawdown

Largest peak-to-trough decline

-23.90%

-44.90%

+21.00%

Max Drawdown (1Y)

Largest decline over 1 year

-12.59%

-12.04%

-0.55%

Max Drawdown (3Y)

Largest decline over 3 years

-14.93%

-17.55%

+2.62%

Max Drawdown (5Y)

Largest decline over 5 years

-23.90%

-40.25%

+16.35%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.90%

—

Current Drawdown

Current decline from peak

-0.75%

-8.78%

+8.03%

Average Drawdown

Average peak-to-trough decline

-5.02%

-10.35%

+5.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.30%

4.08%

+0.22%

Volatility

VESG.AX vs. IAA.AX - Volatility Comparison

The current volatility for Vanguard Ethically Conscious International Shares Index ETF (VESG.AX) is 3.06%, while iShares Asia 50 ETF (AU) (IAA.AX) has a volatility of 13.74%. This indicates that VESG.AX experiences smaller price fluctuations and is considered to be less risky than IAA.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VESG.AXIAA.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.06%

13.74%

-10.68%

Volatility (6M)

Calculated over the trailing 6-month period

9.02%

23.51%

-14.49%

Volatility (1Y)

Calculated over the trailing 1-year period

11.12%

25.84%

-14.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.36%

22.05%

-8.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.06%

19.33%

-5.27%

Dividends

VESG.AX vs. IAA.AX - Dividend Comparison

VESG.AX's dividend yield for the trailing twelve months is around 1.09%, more than IAA.AX's 1.00% yield.

PositionTTM2025202420232022202120202019201820172016
IAA.AX
iShares Asia 50 ETF (AU)		1.00%2.16%0.44%1.36%3.40%1.68%1.18%4.31%0.48%1.28%1.78%
VESG.AX
Vanguard Ethically Conscious International Shares Index ETF		1.09%1.47%0.73%1.45%1.83%0.99%1.47%1.37%0.00%0.00%0.00%

Frequently Asked Questions

VESG.AX and IAA.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.

VESG.AX tracks Vanguard Ethically Conscious International Shares Index Index, while IAA.AX tracks iShares Asia 50 Index. They also come from different issuers: Vanguard and iShares.

Portfolio Optimizer

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