WEMG.AX vs. WXHG.AX
WEMG.AX (SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF) and WXHG.AX (SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF) are both exchange-traded funds - WEMG.AX is a Emerging Markets Equities fund tracking the SPDR Index, while WXHG.AX is a Global Equities fund tracking the SPDR Index. Both are passively managed. Over the past 10 years, WEMG.AX returned 8.40%/yr vs 11.79%/yr for WXHG.AX. At a 0.41 correlation, their price movements are largely independent.
Performance
WEMG.AX vs. WXHG.AX - Performance Comparison
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Returns By Period
In the year-to-date period, WEMG.AX achieves a 2.35% return, which is significantly lower than WXHG.AX's 6.30% return. Over the past 10 years, WEMG.AX has underperformed WXHG.AX with an annualized return of 8.40%, while WXHG.AX has yielded a comparatively higher 11.79% annualized return.
WEMG.AX
- 1D
- -3.45%
- 1M
- -3.00%
- 6M
- -2.75%
- YTD
- 2.35%
- 1Y
- 9.50%
- 3Y*
- 14.35%
- 5Y*
- 5.75%
- 10Y*
- 8.40%
WXHG.AX
- 1D
- -1.05%
- 1M
- -0.38%
- 6M
- 4.97%
- YTD
- 6.30%
- 1Y
- 18.02%
- 3Y*
- 17.16%
- 5Y*
- 10.02%
- 10Y*
- 11.79%
WEMG.AX vs. WXHG.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 | 2.35% | 17.52% | 25.30% | 5.67% | -13.15% | 3.67% | 4.15% | 20.19% | -2.72% | 24.77% |
WXHG.AX SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF | 6.30% | 18.99% | 19.77% | 23.72% | -19.94% | 23.36% | 10.60% | 25.72% | -8.51% | 20.03% |
Correlation
The correlation between WEMG.AX and WXHG.AX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2013 | 0.41 |
The correlation between WEMG.AX and WXHG.AX shifts across timeframes, from 0.40 (3 years) to 0.54 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WEMG.AX vs. WXHG.AX — Risk / Return Rank
WEMG.AX
WXHG.AX
WEMG.AX vs. WXHG.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 SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF (WXHG.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 | WXHG.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.87 | -1.13 |
| Martin ratioReturn relative to average drawdown | 2.35 | 7.77 | -5.42 |
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Drawdowns
WEMG.AX vs. WXHG.AX - Drawdown Comparison
The maximum WEMG.AX drawdown since its inception was -25.33%, smaller than the maximum WXHG.AX drawdown of -36.37%. Use the drawdown chart below to compare losses from any high point for WEMG.AX and WXHG.AX.
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Drawdown Indicators
| WEMG.AX | WXHG.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.33% | -36.37% | +11.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | -9.34% | -3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -12.68% | -18.93% | +6.25% |
Max Drawdown (5Y)Largest decline over 5 years | -22.05% | -26.29% | +4.24% |
Max Drawdown (10Y)Largest decline over 10 years | -24.15% | -36.37% | +12.22% |
Current DrawdownCurrent decline from peak | -4.47% | -1.09% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -4.59% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 2.27% | +1.74% |
Volatility
WEMG.AX vs. WXHG.AX - Volatility Comparison
SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF (WEMG.AX) has a higher volatility of 6.94% compared to SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF (WXHG.AX) at 2.76%. This indicates that WEMG.AX's price experiences larger fluctuations and is considered to be riskier than WXHG.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEMG.AX | WXHG.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 2.76% | +4.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.69% | 10.97% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.57% | 12.87% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 16.45% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 16.86% | -2.05% |
Dividends
WEMG.AX vs. WXHG.AX - Dividend Comparison
WEMG.AX's dividend yield for the trailing twelve months is around 7.42%, more than WXHG.AX's 7.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WEMG.AX SPDR ETFs Australia - State Street SPDR S&P Emerging Markets Carbon Aware ETF | 7.42% | 3.46% | 1.91% | 2.64% | 2.86% | 2.19% | 2.38% | 2.36% | 2.53% | 1.29% | 2.19% | 2.02% |
WXHG.AX SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF | 7.19% | 6.68% | 6.35% | 5.69% | 25.09% | 2.77% | 3.83% | 4.25% | 2.54% | 2.83% | 3.55% | 5.33% |
Frequently Asked Questions
WEMG.AX and WXHG.AX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEMG.AX is categorized as Emerging Markets Equities, while WXHG.AX is Global Equities. Both ETFs track SPDR Index.
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