VEU.AX vs. GLIN.AX
VEU.AX (Vanguard All-World ex-US Shares Index ETF) and GLIN.AX (iShares Core FTSE Global Infrastructure (AUD Hedged) ETF) are both Global Equities funds - VEU.AX tracks the Vanguard All-World ex-US Shares Index Index while GLIN.AX tracks the iShares Core FTSE Global Infrastructure (AUD Hedged) Index. Both are passively managed. Over the past 3 years, VEU.AX returned 17.07%/yr vs 12.07%/yr for GLIN.AX. At a 0.29 correlation, their price movements are largely independent.
Performance
VEU.AX vs. GLIN.AX - Performance Comparison
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Returns By Period
In the year-to-date period, VEU.AX achieves a 8.18% return, which is significantly lower than GLIN.AX's 12.44% return.
VEU.AX
- 1D
- -0.73%
- 1M
- -1.21%
- 6M
- 4.42%
- YTD
- 8.18%
- 1Y
- 18.44%
- 3Y*
- 17.07%
- 5Y*
- 10.68%
- 10Y*
- 10.36%
GLIN.AX
- 1D
- -0.77%
- 1M
- 0.78%
- 6M
- 12.69%
- YTD
- 12.44%
- 1Y
- 17.78%
- 3Y*
- 12.07%
- 5Y*
- —
- 10Y*
- —
VEU.AX vs. GLIN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VEU.AX Vanguard All-World ex-US Shares Index ETF | 8.18% | 23.17% | 16.80% | 4.80% |
GLIN.AX iShares Core FTSE Global Infrastructure (AUD Hedged) ETF | 12.44% | 12.04% | 12.01% | 0.06% |
Correlation
The correlation between VEU.AX and GLIN.AX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.29 |
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Return for Risk
VEU.AX vs. GLIN.AX — Risk / Return Rank
VEU.AX
GLIN.AX
VEU.AX vs. GLIN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard All-World ex-US Shares Index ETF (VEU.AX) and iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.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.
| VEU.AX | GLIN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 3.19 | -1.35 |
| Martin ratioReturn relative to average drawdown | 7.08 | 9.92 | -2.84 |
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Drawdowns
VEU.AX vs. GLIN.AX - Drawdown Comparison
The maximum VEU.AX drawdown since its inception was -23.05%, which is greater than GLIN.AX's maximum drawdown of -12.66%. Use the drawdown chart below to compare losses from any high point for VEU.AX and GLIN.AX.
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Drawdown Indicators
| VEU.AX | GLIN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.05% | -12.66% | -10.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -5.76% | -4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -9.87% | -12.66% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -18.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.05% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -1.16% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -2.24% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 1.87% | +0.73% |
Volatility
VEU.AX vs. GLIN.AX - Volatility Comparison
Vanguard All-World ex-US Shares Index ETF (VEU.AX) has a higher volatility of 3.99% compared to iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.AX) at 3.15%. This indicates that VEU.AX's price experiences larger fluctuations and is considered to be riskier than GLIN.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEU.AX | GLIN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 3.15% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 8.80% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.40% | 10.72% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.20% | 12.33% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.70% | 12.33% | -0.63% |
Dividends
VEU.AX vs. GLIN.AX - Dividend Comparison
VEU.AX's dividend yield for the trailing twelve months is around 2.65%, less than GLIN.AX's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIN.AX iShares Core FTSE Global Infrastructure (AUD Hedged) ETF | 5.93% | 2.94% | 2.60% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEU.AX Vanguard All-World ex-US Shares Index ETF | 2.65% | 3.11% | 3.69% | 4.26% | 3.33% | 3.09% | 2.32% | 3.17% | 1.63% | 0.87% | 1.05% | 1.21% |
Frequently Asked Questions
VEU.AX and GLIN.AX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEU.AX tracks Vanguard All-World ex-US Shares Index Index, while GLIN.AX tracks iShares Core FTSE Global Infrastructure (AUD Hedged) Index. They also come from different issuers: Vanguard and iShares.
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