WEMG.AX vs. DJRE.AX

Last updated Jul 16, 2026

WEMG.AX (SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF) and DJRE.AX (State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF) are both exchange-traded funds - WEMG.AX is a Emerging Markets Equities fund tracking the SPDR Index, while DJRE.AX is a REIT fund tracking the Dow Jones Global Select ESG Tilted Real Estate Securities Index. Both are passively managed. Over the past 10 years, WEMG.AX returned 8.90%/yr vs 3.56%/yr for DJRE.AX. At a 0.22 correlation, their price movements are largely independent.

Performance

WEMG.AX vs. DJRE.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 Emerging Markets Carbon Aware ETF (WEMG.AX) and State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF (DJRE.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEMG.AX achieves a 6.00% return, which is significantly lower than DJRE.AX's 6.95% return. Over the past 10 years, WEMG.AX has outperformed DJRE.AX with an annualized return of 8.90%, while DJRE.AX has yielded a comparatively lower 3.56% annualized return.

WEMG.AX

• 1D: 0.35%
• 1M: 0.27%
• 6M: 0.76%
• YTD: 6.00%
• 1Y: 15.90%
• 3Y*: 15.82%
• 5Y*: 6.49%
• 10Y*: 8.90%

DJRE.AX

• 1D: 0.09%
• 1M: 1.75%
• 6M: 6.26%
• YTD: 6.95%
• 1Y: 9.62%
• 3Y*: 7.79%
• 5Y*: 2.92%
• 10Y*: 3.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WEMG.AX vs. DJRE.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WEMG.AX SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF	6.00%	17.52%	25.30%	5.67%	-13.15%	3.67%	4.15%	20.19%	-2.72%	24.77%
DJRE.AX State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF	6.95%	2.61%	7.87%	11.14%	-20.36%	38.59%	-19.06%	18.19%	4.70%	-0.78%

Correlation

The correlation between WEMG.AX and DJRE.AX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Nov 1, 2013	0.22

The correlation between WEMG.AX and DJRE.AX shifts across timeframes, from 0.10 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WEMG.AX vs. DJRE.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WEMG.AX

WEMG.AX Risk / Return Rank: 30
WEMG.AX Sharpe Ratio Rank: 31
WEMG.AX Sortino Ratio Rank: 31
WEMG.AX Omega Ratio Rank: 31
WEMG.AX Calmar Ratio Rank: 26
WEMG.AX Martin Ratio Rank: 30

DJRE.AX

DJRE.AX Risk / Return Rank: 25
DJRE.AX Sharpe Ratio Rank: 25
DJRE.AX Sortino Ratio Rank: 23
DJRE.AX Omega Ratio Rank: 23
DJRE.AX Calmar Ratio Rank: 27
DJRE.AX Martin Ratio Rank: 26

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.

WEMG.AX vs. DJRE.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF (WEMG.AX) and State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF (DJRE.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.

	WEMG.AX	DJRE.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.95	0.75	+0.19
Sortino ratio: Return per unit of downside risk	1.41	1.12	+0.28
Omega ratio: Gain probability vs. loss probability	1.18	1.14	+0.04
Calmar ratio: Return relative to maximum drawdown	1.06	1.15	-0.09
Martin ratio: Return relative to average drawdown	3.38	2.83	+0.55

WEMG.AX vs. DJRE.AX - Sharpe Ratio Comparison

The current WEMG.AX Sharpe Ratio is 0.95, which is comparable to the DJRE.AX Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of WEMG.AX and DJRE.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.

Drawdowns

WEMG.AX vs. DJRE.AX - Drawdown Comparison

The maximum WEMG.AX drawdown since its inception was -25.33%, smaller than the maximum DJRE.AX drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for WEMG.AX and DJRE.AX.

Drawdown Indicators

	WEMG.AX	DJRE.AX	Difference
Max Drawdown Largest peak-to-trough decline	-25.33%	-35.10%	+9.77%
Max Drawdown (1Y) Largest decline over 1 year	-12.68%	-8.85%	-3.83%
Max Drawdown (3Y) Largest decline over 3 years	-12.68%	-11.63%	-1.05%
Max Drawdown (5Y) Largest decline over 5 years	-22.11%	-24.27%	+2.16%
Max Drawdown (10Y) Largest decline over 10 years	-24.15%	-35.10%	+10.95%
Current Drawdown Current decline from peak	-1.06%	-1.74%	+0.68%
Average Drawdown Average peak-to-trough decline	-7.37%	-8.53%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	3.63%	+0.37%

Volatility

WEMG.AX vs. DJRE.AX - Volatility Comparison

SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF (WEMG.AX) has a higher volatility of 6.02% compared to State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF (DJRE.AX) at 4.72%. This indicates that WEMG.AX's price experiences larger fluctuations and is considered to be riskier than DJRE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEMG.AX	DJRE.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	4.72%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	12.25%	10.68%	+1.57%
Volatility (1Y) Calculated over the trailing 1-year period	14.28%	13.49%	+0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.32%	15.16%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.78%	15.99%	-1.21%

Dividends

WEMG.AX vs. DJRE.AX - Dividend Comparison

WEMG.AX's dividend yield for the trailing twelve months is around 7.16%, more than DJRE.AX's 2.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DJRE.AX State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF	2.69%	2.82%	1.70%	2.80%	6.57%	2.81%	2.62%	2.68%	4.20%	3.45%	3.22%	2.21%
WEMG.AX SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF	7.16%	3.46%	1.91%	2.64%	2.86%	2.19%	2.38%	2.36%	2.53%	1.29%	2.19%	2.02%

Frequently Asked Questions

Can I hold both WEMG.AX and DJRE.AX in my portfolio?

WEMG.AX and DJRE.AX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between WEMG.AX and DJRE.AX?

WEMG.AX is categorized as Emerging Markets Equities, while DJRE.AX is REIT. WEMG.AX tracks SPDR Index, while DJRE.AX tracks Dow Jones Global Select ESG Tilted Real Estate Securities Index.