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WDIV.AX vs. INCM.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WDIV.AX vs. INCM.AX

Last updated Jul 16, 2026
Documentation

WDIV.AX (SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF) and INCM.AX (Betashares S&P Global High Dividend Aristocrats ETF) are both Dividend funds - WDIV.AX tracks the SPDR Index while INCM.AX tracks the Betashares S&P Global High Dividend Aristocrats Index. Both are passively managed. Over the past 5 years, WDIV.AX returned 9.61%/yr vs 11.21%/yr for INCM.AX. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

WDIV.AX vs. INCM.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF (WDIV.AX) and Betashares S&P Global High Dividend Aristocrats ETF (INCM.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, WDIV.AX achieves a 6.44% return, which is significantly higher than INCM.AX's 5.20% return.

WDIV.AX

1D
0.47%
1M
1.59%
6M
5.52%
YTD
6.44%
1Y
12.96%
3Y*
15.59%
5Y*
9.61%
10Y*
7.87%

INCM.AX

1D
0.45%
1M
1.52%
6M
5.09%
YTD
5.20%
1Y
13.25%
3Y*
15.38%
5Y*
11.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

WDIV.AX vs. INCM.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
WDIV.AX
SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF		6.44%19.30%15.11%5.95%-0.52%20.51%-17.75%18.87%-2.26%
INCM.AX
Betashares S&P Global High Dividend Aristocrats ETF		5.20%12.81%22.92%3.86%5.85%25.47%-23.29%22.95%-4.68%

Correlation

The correlation between WDIV.AX and INCM.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

0.64

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

0.65

Correlation (All Time)
Calculated using the full available price history since Oct 19, 2018

0.65

The correlation between WDIV.AX and INCM.AX has been stable across timeframes, ranging from 0.62 to 0.65 - 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.

SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF

Betashares S&P Global High Dividend Aristocrats ETF

Return for Risk

WDIV.AX vs. INCM.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WDIV.AX
WDIV.AX Risk / Return Rank: 4141
Overall Rank
WDIV.AX Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
WDIV.AX Sortino Ratio Rank: 4141
Sortino Ratio Rank
WDIV.AX Omega Ratio Rank: 4444
Omega Ratio Rank
WDIV.AX Calmar Ratio Rank: 4141
Calmar Ratio Rank
WDIV.AX Martin Ratio Rank: 3838
Martin Ratio Rank
INCM.AX
INCM.AX Risk / Return Rank: 5252
Overall Rank
INCM.AX Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
INCM.AX Sortino Ratio Rank: 6161
Sortino Ratio Rank
INCM.AX Omega Ratio Rank: 5757
Omega Ratio Rank
INCM.AX Calmar Ratio Rank: 4343
Calmar Ratio Rank
INCM.AX Martin Ratio Rank: 3838
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.

WDIV.AX vs. INCM.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF (WDIV.AX) and Betashares S&P Global High Dividend Aristocrats ETF (INCM.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.

WDIV.AXINCM.AXDifference
Sharpe ratioReturn per unit of total volatility
1.16
1.60

-0.44

Sortino ratioReturn per unit of downside risk
1.79
2.33

-0.54

Omega ratioGain probability vs. loss probability

1.24

1.29

-0.05

Calmar ratioReturn relative to maximum drawdown

1.72

1.80

-0.08

Martin ratioReturn relative to average drawdown

4.90

4.94

-0.04

WDIV.AX vs. INCM.AX - Sharpe Ratio Comparison

The current WDIV.AX Sharpe Ratio is 1.16, which is comparable to the INCM.AX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of WDIV.AX and INCM.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

WDIV.AX vs. INCM.AX - Drawdown Comparison

The maximum WDIV.AX drawdown since its inception was -32.49%, smaller than the maximum INCM.AX drawdown of -35.00%. Use the drawdown chart below to compare losses from any high point for WDIV.AX and INCM.AX.

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Drawdown Indicators

WDIV.AXINCM.AXDifference

Max Drawdown

Largest peak-to-trough decline

-32.49%

-35.00%

+2.51%

Max Drawdown (1Y)

Largest decline over 1 year

-7.29%

-7.73%

+0.44%

Max Drawdown (3Y)

Largest decline over 3 years

-7.29%

-8.19%

+0.90%

Max Drawdown (5Y)

Largest decline over 5 years

-10.93%

-9.48%

-1.45%

Max Drawdown (10Y)

Largest decline over 10 years

-32.49%

—

—

Current Drawdown

Current decline from peak

0.00%

-1.04%

+1.04%

Average Drawdown

Average peak-to-trough decline

-5.10%

-6.90%

+1.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

2.86%

-0.27%

Volatility

WDIV.AX vs. INCM.AX - Volatility Comparison

SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF (WDIV.AX) and Betashares S&P Global High Dividend Aristocrats ETF (INCM.AX) have volatilities of 2.65% and 2.57%, 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.

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Volatility by Period

WDIV.AXINCM.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.65%

2.57%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

7.21%

6.74%

+0.47%

Volatility (1Y)

Calculated over the trailing 1-year period

10.81%

8.79%

+2.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.22%

11.87%

-1.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.00%

14.65%

-2.65%

Dividends

WDIV.AX vs. INCM.AX - Dividend Comparison

WDIV.AX's dividend yield for the trailing twelve months is around 10.47%, more than INCM.AX's 4.38% yield.

PositionTTM20252024202320222021202020192018201720162015
INCM.AX
Betashares S&P Global High Dividend Aristocrats ETF		4.38%5.93%2.87%3.43%3.03%3.06%3.97%3.20%0.00%0.00%0.00%0.00%
WDIV.AX
SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF		10.47%7.31%2.90%4.72%4.45%4.11%5.81%4.95%7.54%3.96%3.92%8.97%

Frequently Asked Questions

WDIV.AX and INCM.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.

WDIV.AX tracks SPDR Index, while INCM.AX tracks Betashares S&P Global High Dividend Aristocrats Index. They also come from different issuers: SPDR and BetaShares.

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