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WDMF.AX vs. WVOL.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WDMF.AX vs. WVOL.AX

Last updated Jul 16, 2026
Documentation

WDMF.AX (iShares World Equity Factor ETF) and WVOL.AX (iShares MSCI World ex Australia Minimum Volatility ETF) are both Global Equities funds from iShares - WDMF.AX tracks the iShares World Equity Factor Index while WVOL.AX tracks the iShares MSCI World ex Australia Minimum Volatility Index. Both are passively managed. Over the past 5 years, WDMF.AX returned 12.38%/yr vs 8.01%/yr for WVOL.AX. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

WDMF.AX vs. WVOL.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 MSCI World ex Australia Minimum Volatility ETF (WVOL.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, WDMF.AX achieves a 5.97% return, which is significantly higher than WVOL.AX's 1.58% 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*
—

WVOL.AX

1D
-0.73%
1M
0.44%
6M
1.08%
YTD
1.58%
1Y
5.79%
3Y*
11.42%
5Y*
8.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%18.89%
WVOL.AX
iShares MSCI World ex Australia Minimum Volatility ETF		1.58%10.13%20.75%5.37%-3.23%21.37%-6.48%23.83%5.64%9.58%

Correlation

The correlation between WDMF.AX and WVOL.AX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.39

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

0.53

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

0.60

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

0.63

Over the past year, the correlation between WDMF.AX and WVOL.AX has dropped to 0.39 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

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iShares World Equity Factor ETF

iShares MSCI World ex Australia Minimum Volatility ETF

Return for Risk

WDMF.AX vs. WVOL.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: 5050
Overall Rank
WDMF.AX Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
WDMF.AX Sortino Ratio Rank: 5858
Sortino Ratio Rank
WDMF.AX Omega Ratio Rank: 6262
Omega Ratio Rank
WDMF.AX Calmar Ratio Rank: 3838
Calmar Ratio Rank
WDMF.AX Martin Ratio Rank: 3838
Martin Ratio Rank
WVOL.AX
WVOL.AX Risk / Return Rank: 2727
Overall Rank
WVOL.AX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
WVOL.AX Sortino Ratio Rank: 2727
Sortino Ratio Rank
WVOL.AX Omega Ratio Rank: 2424
Omega Ratio Rank
WVOL.AX Calmar Ratio Rank: 2828
Calmar Ratio Rank
WVOL.AX Martin Ratio Rank: 2727
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. WVOL.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 MSCI World ex Australia Minimum Volatility ETF (WVOL.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.AXWVOL.AXDifference
Sharpe ratioReturn per unit of total volatility
1.58
0.83

+0.75

Sortino ratioReturn per unit of downside risk
2.24
1.26

+0.98

Omega ratioGain probability vs. loss probability

1.30

1.15

+0.16

Calmar ratioReturn relative to maximum drawdown

1.59

1.17

+0.42

Martin ratioReturn relative to average drawdown

4.83

2.93

+1.90

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

The current WDMF.AX Sharpe Ratio is 1.58, which is higher than the WVOL.AX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of WDMF.AX and WVOL.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

WDMF.AX vs. WVOL.AX - Drawdown Comparison

The maximum WDMF.AX drawdown since its inception was -25.36%, which is greater than WVOL.AX's maximum drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for WDMF.AX and WVOL.AX.

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Drawdown Indicators

WDMF.AXWVOL.AXDifference

Max Drawdown

Largest peak-to-trough decline

-25.36%

-21.05%

-4.31%

Max Drawdown (1Y)

Largest decline over 1 year

-9.72%

-5.56%

-4.16%

Max Drawdown (3Y)

Largest decline over 3 years

-13.37%

-5.92%

-7.45%

Max Drawdown (5Y)

Largest decline over 5 years

-17.44%

-12.52%

-4.92%

Current Drawdown

Current decline from peak

-0.04%

-1.83%

+1.79%

Average Drawdown

Average peak-to-trough decline

-3.96%

-3.70%

-0.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.24%

2.24%

+1.00%

Volatility

WDMF.AX vs. WVOL.AX - Volatility Comparison

iShares World Equity Factor ETF (WDMF.AX) and iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX) have volatilities of 2.24% and 2.31%, 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

WDMF.AXWVOL.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.24%

2.31%

-0.07%

Volatility (6M)

Calculated over the trailing 6-month period

7.76%

6.26%

+1.50%

Volatility (1Y)

Calculated over the trailing 1-year period

9.82%

7.90%

+1.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.36%

9.41%

+2.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.12%

11.62%

+1.50%

Dividends

WDMF.AX vs. WVOL.AX - Dividend Comparison

WDMF.AX's dividend yield for the trailing twelve months is around 3.02%, more than WVOL.AX's 1.47% yield.

PositionTTM202520242023202220212020201920182017
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%
WVOL.AX
iShares MSCI World ex Australia Minimum Volatility ETF		1.47%3.09%3.43%2.19%2.62%1.75%2.36%2.37%4.62%1.43%

Frequently Asked Questions

WDMF.AX and WVOL.AX have a correlation of 0.39, 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 WVOL.AX tracks iShares MSCI World ex Australia Minimum Volatility Index.

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