WDMF.AX vs. ISEC.AX
WDMF.AX (iShares World Equity Factor ETF) and ISEC.AX (iShares Enhanced Cash ETF) are both exchange-traded funds - WDMF.AX is a Global Equities fund tracking the iShares World Equity Factor Index, while ISEC.AX is a Money Market fund tracking the iShares Enhanced Cash Index. Both are passively managed. Over the past 5 years, WDMF.AX returned 12.38%/yr vs 3.27%/yr for ISEC.AX. At a 0.03 correlation, their price movements are largely independent.
Performance
WDMF.AX vs. ISEC.AX - Performance Comparison
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Returns By Period
In the year-to-date period, WDMF.AX achieves a 5.97% return, which is significantly higher than ISEC.AX's 1.92% return.
WDMF.AX
- 1D
- 0.13%
- 1M
- 1.90%
- 6M
- 5.26%
- YTD
- 5.97%
- 1Y
- 15.21%
- 3Y*
- 18.79%
- 5Y*
- 12.38%
- 10Y*
- —
ISEC.AX
- 1D
- 0.01%
- 1M
- 0.43%
- 6M
- 1.78%
- YTD
- 1.92%
- 1Y
- 3.77%
- 3Y*
- 4.36%
- 5Y*
- 3.27%
- 10Y*
- —
WDMF.AX vs. ISEC.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDMF.AX iShares World Equity Factor ETF | 5.97% | 15.40% | 30.82% | 14.10% | -8.56% | 26.94% | 0.86% | 23.27% | -3.75% | 8.37% |
ISEC.AX iShares Enhanced Cash ETF | 1.92% | 4.40% | 4.74% | 4.06% | 1.29% | 0.08% | 0.63% | 1.77% | 2.05% | 1.24% |
Correlation
The correlation between WDMF.AX and ISEC.AX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2017 | 0.03 |
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Return for Risk
WDMF.AX vs. ISEC.AX — Risk / Return Rank
WDMF.AX
ISEC.AX
WDMF.AX vs. ISEC.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 Enhanced Cash ETF (ISEC.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.AX | ISEC.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 2.70 | -1.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 9.72 | -8.13 |
| Martin ratioReturn relative to average drawdown | 4.83 | 29.94 | -25.11 |
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Drawdowns
WDMF.AX vs. ISEC.AX - Drawdown Comparison
The maximum WDMF.AX drawdown since its inception was -25.36%, which is greater than ISEC.AX's maximum drawdown of -0.38%. Use the drawdown chart below to compare losses from any high point for WDMF.AX and ISEC.AX.
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Drawdown Indicators
| WDMF.AX | ISEC.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.36% | -0.38% | -24.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -0.38% | -9.34% |
Max Drawdown (3Y)Largest decline over 3 years | -13.37% | -0.38% | -12.99% |
Max Drawdown (5Y)Largest decline over 5 years | -17.44% | -0.38% | -17.06% |
Current DrawdownCurrent decline from peak | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -0.03% | -3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 0.12% | +3.12% |
Volatility
WDMF.AX vs. ISEC.AX - Volatility Comparison
iShares World Equity Factor ETF (WDMF.AX) has a higher volatility of 2.24% compared to iShares Enhanced Cash ETF (ISEC.AX) at 0.09%. This indicates that WDMF.AX's price experiences larger fluctuations and is considered to be riskier than ISEC.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDMF.AX | ISEC.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 0.09% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 0.78% | +6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.82% | 1.03% | +8.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.36% | 0.72% | +11.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.12% | 0.57% | +12.55% |
Dividends
WDMF.AX vs. ISEC.AX - Dividend Comparison
WDMF.AX's dividend yield for the trailing twelve months is around 3.02%, less than ISEC.AX's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ISEC.AX iShares Enhanced Cash ETF | 3.75% | 4.32% | 4.55% | 3.93% | 1.05% | 0.13% | 0.57% | 1.68% | 1.96% | 0.88% |
WDMF.AX iShares World Equity Factor ETF | 3.02% | 3.16% | 5.04% | 2.73% | 8.42% | 5.27% | 1.58% | 1.56% | 3.60% | 3.66% |
Frequently Asked Questions
WDMF.AX and ISEC.AX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDMF.AX is categorized as Global Equities, while ISEC.AX is Money Market. WDMF.AX tracks iShares World Equity Factor Index, while ISEC.AX tracks iShares Enhanced Cash Index.
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