VGS.AX vs. IWLD.AX
VGS.AX (Vanguard MSCI Index International Shares ETF) and IWLD.AX (iShares Core MSCI World Ex Australia ESG ETF) are both Global Equities funds - VGS.AX tracks the Vanguard MSCI Index International Shares Index while IWLD.AX tracks the iShares Core MSCI World Ex Australia ESG Index. Both are passively managed. Over the past 10 years, VGS.AX returned 13.37%/yr vs 13.93%/yr for IWLD.AX. Their correlation of 0.86 suggests significant overlap in exposure.
Performance
VGS.AX vs. IWLD.AX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VGS.AX achieves a 4.04% return, which is significantly higher than IWLD.AX's 3.21% return. Both investments have delivered pretty close results over the past 10 years, with VGS.AX having a 13.37% annualized return and IWLD.AX not far ahead at 13.93%.
VGS.AX
- 1D
- -1.21%
- 1M
- 0.20%
- 6M
- 2.73%
- YTD
- 4.04%
- 1Y
- 11.55%
- 3Y*
- 17.00%
- 5Y*
- 12.22%
- 10Y*
- 13.37%
IWLD.AX
- 1D
- -1.24%
- 1M
- 0.41%
- 6M
- 2.15%
- YTD
- 3.21%
- 1Y
- 11.08%
- 3Y*
- 17.14%
- 5Y*
- 13.01%
- 10Y*
- 13.93%
VGS.AX vs. IWLD.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGS.AX Vanguard MSCI Index International Shares ETF | 4.04% | 12.89% | 29.23% | 22.54% | -12.72% | 29.67% | 5.76% | 29.16% | -0.01% | 12.95% |
IWLD.AX iShares Core MSCI World Ex Australia ESG ETF | 3.21% | 12.19% | 31.18% | 27.88% | -16.19% | 38.02% | 3.84% | 27.93% | -0.22% | 12.45% |
Correlation
The correlation between VGS.AX and IWLD.AX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2016 | 0.86 |
The correlation between VGS.AX and IWLD.AX has been stable across timeframes, ranging from 0.86 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VGS.AX vs. IWLD.AX — Risk / Return Rank
VGS.AX
IWLD.AX
VGS.AX vs. IWLD.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard MSCI Index International Shares ETF (VGS.AX) and iShares Core MSCI World Ex Australia ESG ETF (IWLD.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.
| VGS.AX | IWLD.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.87 | +0.16 |
| Martin ratioReturn relative to average drawdown | 3.10 | 2.57 | +0.53 |
Loading charts...
Drawdowns
VGS.AX vs. IWLD.AX - Drawdown Comparison
The maximum VGS.AX drawdown since its inception was -23.39%, smaller than the maximum IWLD.AX drawdown of -24.85%. Use the drawdown chart below to compare losses from any high point for VGS.AX and IWLD.AX.
Loading charts...
Drawdown Indicators
| VGS.AX | IWLD.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.39% | -24.85% | +1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -12.19% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -13.82% | -15.95% | +2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | -23.34% | +2.81% |
Max Drawdown (10Y)Largest decline over 10 years | -23.39% | -24.85% | +1.46% |
Current DrawdownCurrent decline from peak | -1.56% | -1.66% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -4.48% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 4.21% | -0.57% |
Volatility
VGS.AX vs. IWLD.AX - Volatility Comparison
Vanguard MSCI Index International Shares ETF (VGS.AX) and iShares Core MSCI World Ex Australia ESG ETF (IWLD.AX) have volatilities of 2.55% and 2.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VGS.AX | IWLD.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 2.65% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 8.44% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.83% | 10.68% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.42% | 13.78% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 13.87% | -0.94% |
Dividends
VGS.AX vs. IWLD.AX - Dividend Comparison
VGS.AX's dividend yield for the trailing twelve months is around 0.98%, more than IWLD.AX's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWLD.AX iShares Core MSCI World Ex Australia ESG ETF | 0.94% | 1.21% | 1.15% | 2.36% | 0.77% | 13.52% | 2.08% | 3.20% | 2.52% | 1.41% | 0.00% | 0.00% |
VGS.AX Vanguard MSCI Index International Shares ETF | 0.98% | 2.49% | 1.76% | 1.82% | 1.42% | 1.75% | 2.24% | 2.42% | 2.19% | 2.25% | 3.29% | 2.35% |
Frequently Asked Questions
With a correlation of 0.94, VGS.AX and IWLD.AX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VGS.AX tracks Vanguard MSCI Index International Shares Index, while IWLD.AX tracks iShares Core MSCI World Ex Australia ESG Index. They also come from different issuers: Vanguard and iShares.
Find the right allocation for VGS.AX and IWLD.AX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer