PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
WDMF.AX vs. IHWL.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WDMF.AX vs. IHWL.AX

Last updated Jul 18, 2026
Documentation

WDMF.AX (iShares World Equity Factor ETF) and IHWL.AX (iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF) are both Global Equities funds from iShares - WDMF.AX tracks the iShares World Equity Factor Index while IHWL.AX tracks the iShares Core MSCI World ex Australia ESG (AUD Hedged) Index. Both are passively managed. Over the past 5 years, WDMF.AX returned 12.09%/yr vs 11.11%/yr for IHWL.AX. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

WDMF.AX vs. IHWL.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares World Equity Factor ETF (WDMF.AX) and iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF (IHWL.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, WDMF.AX achieves a 4.62% return, which is significantly lower than IHWL.AX's 8.01% return.

WDMF.AX

1D
-1.28%
1M
0.58%
6M
4.22%
YTD
4.62%
1Y
13.46%
3Y*
18.18%
5Y*
12.09%
10Y*
—

IHWL.AX

1D
-1.30%
1M
-0.53%
6M
6.33%
YTD
8.01%
1Y
20.04%
3Y*
17.75%
5Y*
11.11%
10Y*
12.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WDMF.AX vs. IHWL.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WDMF.AX
iShares World Equity Factor ETF		4.62%15.40%30.82%14.10%-8.56%26.94%0.86%23.27%-3.75%18.89%
IHWL.AX
iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF		8.01%17.85%20.95%26.93%-21.57%31.44%7.65%24.82%-8.18%19.90%

Correlation

The correlation between WDMF.AX and IHWL.AX is 0.63, 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

0.63

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

0.63

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

0.64

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2016

0.60

The correlation between WDMF.AX and IHWL.AX has been stable across timeframes, ranging from 0.60 to 0.64 - 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.

iShares World Equity Factor ETF

iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF

Often compared with WDMF.AX:
WDMF.AX vs. AUMF.AXWDMF.AX vs. BILL.AXWDMF.AX vs. GLIN.AXWDMF.AX vs. IAA.AXWDMF.AX vs. IHOO.AXWDMF.AX vs. IKO.AXWDMF.AX vs. ILB.AX
Often compared with IHWL.AX:
IHWL.AX vs. AUMF.AXIHWL.AX vs. ISEC.AXIHWL.AX vs. BILL.AXIHWL.AX vs. F100.AXIHWL.AX vs. HJPN.AXIHWL.AX vs. OOO.AXIHWL.AX vs. VDCO.AX

Return for Risk

WDMF.AX vs. IHWL.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WDMF.AX
WDMF.AX Risk / Return Rank: 4545
Overall Rank
WDMF.AX Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
WDMF.AX Sortino Ratio Rank: 5050
Sortino Ratio Rank
WDMF.AX Omega Ratio Rank: 5353
Omega Ratio Rank
WDMF.AX Calmar Ratio Rank: 3434
Calmar Ratio Rank
WDMF.AX Martin Ratio Rank: 3636
Martin Ratio Rank
IHWL.AX
IHWL.AX Risk / Return Rank: 5555
Overall Rank
IHWL.AX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
IHWL.AX Sortino Ratio Rank: 5353
Sortino Ratio Rank
IHWL.AX Omega Ratio Rank: 5656
Omega Ratio Rank
IHWL.AX Calmar Ratio Rank: 4949
Calmar Ratio Rank
IHWL.AX Martin Ratio Rank: 6161
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.

WDMF.AX vs. IHWL.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares World Equity Factor ETF (WDMF.AX) and iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF (IHWL.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.

WDMF.AXIHWL.AXDifference
Sharpe ratioReturn per unit of total volatility
1.33
1.38

-0.05

Sortino ratioReturn per unit of downside risk
1.89
1.98

-0.09

Omega ratioGain probability vs. loss probability

1.25

1.26

-0.01

Calmar ratioReturn relative to maximum drawdown

1.35

1.89

-0.54

Martin ratioReturn relative to average drawdown

4.09

7.98

-3.90

WDMF.AX vs. IHWL.AX - Sharpe Ratio Comparison

The current WDMF.AX Sharpe Ratio is 1.33, which is comparable to the IHWL.AX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of WDMF.AX and IHWL.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.

Loading charts...

Drawdowns

WDMF.AX vs. IHWL.AX - Drawdown Comparison

The maximum WDMF.AX drawdown since its inception was -25.36%, smaller than the maximum IHWL.AX drawdown of -39.03%. Use the drawdown chart below to compare losses from any high point for WDMF.AX and IHWL.AX.

Loading charts...

Drawdown Indicators

WDMF.AXIHWL.AXDifference

Max Drawdown

Largest peak-to-trough decline

-25.36%

-39.03%

+13.67%

Max Drawdown (1Y)

Largest decline over 1 year

-9.72%

-10.16%

+0.44%

Max Drawdown (3Y)

Largest decline over 3 years

-13.37%

-19.96%

+6.59%

Max Drawdown (5Y)

Largest decline over 5 years

-17.44%

-27.41%

+9.97%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.03%

—

Current Drawdown

Current decline from peak

-1.31%

-1.30%

-0.01%

Average Drawdown

Average peak-to-trough decline

-3.96%

-5.15%

+1.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.24%

2.44%

+0.80%

Volatility

WDMF.AX vs. IHWL.AX - Volatility Comparison

The current volatility for iShares World Equity Factor ETF (WDMF.AX) is 2.63%, while iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF (IHWL.AX) has a volatility of 2.78%. This indicates that WDMF.AX experiences smaller price fluctuations and is considered to be less risky than IHWL.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

WDMF.AXIHWL.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.63%

2.78%

-0.15%

Volatility (6M)

Calculated over the trailing 6-month period

7.84%

11.53%

-3.69%

Volatility (1Y)

Calculated over the trailing 1-year period

9.88%

13.91%

-4.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.37%

17.51%

-5.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.12%

17.30%

-4.18%

Dividends

WDMF.AX vs. IHWL.AX - Dividend Comparison

WDMF.AX's dividend yield for the trailing twelve months is around 3.06%, less than IHWL.AX's 5.28% yield.

PositionTTM202520242023202220212020201920182017
IHWL.AX
iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF		5.28%0.98%1.11%3.06%0.77%11.16%0.00%0.00%2.35%1.07%
WDMF.AX
iShares World Equity Factor ETF		3.06%3.16%5.04%2.73%8.42%5.27%1.58%1.56%3.60%3.66%

Frequently Asked Questions

WDMF.AX and IHWL.AX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WDMF.AX tracks iShares World Equity Factor Index, while IHWL.AX tracks iShares Core MSCI World ex Australia ESG (AUD Hedged) Index.

Portfolio Optimizer

Find the right allocation for WDMF.AX and IHWL.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