VGAD.AX vs. CORE.AX
VGAD.AX (Vanguard MSCI Index International Shares (Hedged) ETF) and CORE.AX (Schroder Global Core Fund - Active ETF) are both Global Equities funds. VGAD.AX is passively managed, while CORE.AX is actively managed. Over the past year, VGAD.AX returned 21.42% vs 15.14% for CORE.AX. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
VGAD.AX vs. CORE.AX - Performance Comparison
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Returns By Period
In the year-to-date period, VGAD.AX achieves a 9.81% return, which is significantly higher than CORE.AX's 4.95% return.
VGAD.AX
- 1D
- 0.02%
- 1M
- 0.80%
- 6M
- 8.75%
- YTD
- 9.81%
- 1Y
- 21.42%
- 3Y*
- 18.12%
- 5Y*
- 10.92%
- 10Y*
- 11.86%
CORE.AX
- 1D
- -0.25%
- 1M
- 0.93%
- 6M
- 4.67%
- YTD
- 4.95%
- 1Y
- 15.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGAD.AX vs. CORE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VGAD.AX Vanguard MSCI Index International Shares (Hedged) ETF | 9.81% | 16.25% |
CORE.AX Schroder Global Core Fund - Active ETF | 4.95% | 12.78% |
Correlation
The correlation between VGAD.AX and CORE.AX is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.54 |
The correlation between VGAD.AX and CORE.AX has been stable across timeframes, ranging from 0.54 to 0.56 - a consistent structural relationship.
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Return for Risk
VGAD.AX vs. CORE.AX — Risk / Return Rank
VGAD.AX
CORE.AX
VGAD.AX vs. CORE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard MSCI Index International Shares (Hedged) ETF (VGAD.AX) and Schroder Global Core Fund - Active ETF (CORE.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.
| VGAD.AX | CORE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 1.68 | +0.91 |
| Martin ratioReturn relative to average drawdown | 10.95 | 4.54 | +6.41 |
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Drawdowns
VGAD.AX vs. CORE.AX - Drawdown Comparison
The maximum VGAD.AX drawdown since its inception was -36.06%, which is greater than CORE.AX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for VGAD.AX and CORE.AX.
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Drawdown Indicators
| VGAD.AX | CORE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -10.20% | -25.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.32% | -10.20% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -19.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.34% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -2.60% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | — | — |
Volatility
VGAD.AX vs. CORE.AX - Volatility Comparison
Vanguard MSCI Index International Shares (Hedged) ETF (VGAD.AX) has a higher volatility of 2.66% compared to Schroder Global Core Fund - Active ETF (CORE.AX) at 2.12%. This indicates that VGAD.AX's price experiences larger fluctuations and is considered to be riskier than CORE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGAD.AX | CORE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.12% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 7.39% | +3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 12.44% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 12.50% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 12.50% | +4.15% |
Dividends
VGAD.AX vs. CORE.AX - Dividend Comparison
VGAD.AX's dividend yield for the trailing twelve months is around 2.26%, more than CORE.AX's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 0.68% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGAD.AX Vanguard MSCI Index International Shares (Hedged) ETF | 2.26% | 3.27% | 4.47% | 0.00% | 0.00% | 7.04% | 0.00% | 0.00% | 1.16% | 3.88% | 1.26% |
Frequently Asked Questions
VGAD.AX and CORE.AX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Vanguard and Schroder.
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