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

WDIV.AX vs. WXOZ.AX

Last updated Jul 18, 2026
Documentation

WDIV.AX (SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF) and WXOZ.AX (SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF) are both exchange-traded funds - WDIV.AX is a Dividend fund tracking the SPDR Index, while WXOZ.AX is a Global Equities fund tracking the SPDR Index. Both are passively managed. Over the past 10 years, WDIV.AX returned 7.78%/yr vs 13.02%/yr for WXOZ.AX. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

WDIV.AX vs. WXOZ.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 SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF (WXOZ.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 6.64% return, which is significantly higher than WXOZ.AX's 1.34% return. Over the past 10 years, WDIV.AX has underperformed WXOZ.AX with an annualized return of 7.78%, while WXOZ.AX has yielded a comparatively higher 13.02% annualized return.

WDIV.AX

1D
0.19%
1M
2.96%
6M
4.11%
YTD
6.64%
1Y
12.20%
3Y*
15.80%
5Y*
9.65%
10Y*
7.78%

WXOZ.AX

1D
-0.94%
1M
0.34%
6M
0.28%
YTD
1.34%
1Y
8.50%
3Y*
16.50%
5Y*
11.47%
10Y*
13.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
WDIV.AX
SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF		6.64%19.30%15.11%5.95%-0.52%20.51%-17.75%18.87%1.84%7.10%
WXOZ.AX
SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF		1.34%13.34%30.01%25.81%-16.15%29.03%6.06%27.87%0.21%14.36%

Correlation

The correlation between WDIV.AX and WXOZ.AX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.49

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

0.51

Correlation (10Y)
Calculated over the trailing 10-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Nov 1, 2013

0.64

The correlation between WDIV.AX and WXOZ.AX shifts across timeframes, from 0.48 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

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

SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF

Often compared with WDIV.AX:
WDIV.AX vs. DJRE.AXWDIV.AX vs. GOVT.AXWDIV.AX vs. IHD.AXWDIV.AX vs. INCM.AXWDIV.AX vs. OZF.AXWDIV.AX vs. OZR.AXWDIV.AX vs. RDV.AX
Often compared with WXOZ.AX:
WXOZ.AX vs. SSO.AXWXOZ.AX vs. DJRE.AXWXOZ.AX vs. SFY.AXWXOZ.AX vs. SLF.AXWXOZ.AX vs. SPY.AXWXOZ.AX vs. SYI.AXWXOZ.AX vs. WEMG.AX

Return for Risk

WDIV.AX vs. WXOZ.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: 4242
Overall Rank
WDIV.AX Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
WDIV.AX Sortino Ratio Rank: 4343
Sortino Ratio Rank
WDIV.AX Omega Ratio Rank: 4646
Omega Ratio Rank
WDIV.AX Calmar Ratio Rank: 4242
Calmar Ratio Rank
WDIV.AX Martin Ratio Rank: 3939
Martin Ratio Rank
WXOZ.AX
WXOZ.AX Risk / Return Rank: 2626
Overall Rank
WXOZ.AX Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
WXOZ.AX Sortino Ratio Rank: 2828
Sortino Ratio Rank
WXOZ.AX Omega Ratio Rank: 2828
Omega Ratio Rank
WXOZ.AX Calmar Ratio Rank: 2020
Calmar Ratio Rank
WXOZ.AX Martin Ratio Rank: 2222
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. WXOZ.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 SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF (WXOZ.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.AXWXOZ.AXDifference
Sharpe ratioReturn per unit of total volatility
1.10
0.81

+0.29

Sortino ratioReturn per unit of downside risk
1.71
1.19

+0.52

Omega ratioGain probability vs. loss probability

1.23

1.15

+0.07

Calmar ratioReturn relative to maximum drawdown

1.63

0.67

+0.96

Martin ratioReturn relative to average drawdown

4.65

1.92

+2.73

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

The current WDIV.AX Sharpe Ratio is 1.10, which is higher than the WXOZ.AX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of WDIV.AX and WXOZ.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. WXOZ.AX - Drawdown Comparison

The maximum WDIV.AX drawdown since its inception was -32.49%, which is greater than WXOZ.AX's maximum drawdown of -24.28%. Use the drawdown chart below to compare losses from any high point for WDIV.AX and WXOZ.AX.

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Drawdown Indicators

WDIV.AXWXOZ.AXDifference

Max Drawdown

Largest peak-to-trough decline

-32.49%

-24.28%

-8.21%

Max Drawdown (1Y)

Largest decline over 1 year

-7.29%

-12.21%

+4.92%

Max Drawdown (3Y)

Largest decline over 3 years

-7.29%

-16.95%

+9.66%

Max Drawdown (5Y)

Largest decline over 5 years

-10.93%

-22.25%

+11.32%

Max Drawdown (10Y)

Largest decline over 10 years

-32.49%

-24.28%

-8.21%

Current Drawdown

Current decline from peak

0.00%

-1.51%

+1.51%

Average Drawdown

Average peak-to-trough decline

-5.10%

-4.23%

-0.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

4.34%

-1.75%

Volatility

WDIV.AX vs. WXOZ.AX - Volatility Comparison

SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF (WDIV.AX) and SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF (WXOZ.AX) have volatilities of 2.42% and 2.47%, 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.AXWXOZ.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.42%

2.47%

-0.05%

Volatility (6M)

Calculated over the trailing 6-month period

7.18%

8.19%

-1.01%

Volatility (1Y)

Calculated over the trailing 1-year period

10.81%

10.15%

+0.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.21%

13.10%

-2.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.00%

13.37%

-1.37%

Dividends

WDIV.AX vs. WXOZ.AX - Dividend Comparison

WDIV.AX's dividend yield for the trailing twelve months is around 10.45%, more than WXOZ.AX's 6.06% yield.

PositionTTM20252024202320222021202020192018201720162015
WDIV.AX
SPDR ETFs Australia - State Street SPDR S&P Global Dividend ETF		10.45%7.31%2.90%4.72%4.45%4.11%5.81%4.95%7.54%3.96%3.92%8.97%
WXOZ.AX
SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF		6.06%6.66%5.97%4.03%13.64%1.29%2.06%2.85%2.55%2.17%3.32%4.47%

Frequently Asked Questions

WDIV.AX and WXOZ.AX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WDIV.AX is categorized as Dividend, while WXOZ.AX is Global Equities. Both ETFs track SPDR Index.

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