WVOL.AX vs. RARI.AX
WVOL.AX (iShares MSCI World ex Australia Minimum Volatility ETF) and RARI.AX (Russell Investments Australian Responsible Investment ETF) are both exchange-traded funds - WVOL.AX is a Global Equities fund tracking the MSCI World ex Australia Minimum Volatility (AUD) Net Index, while RARI.AX is a Australia Equities fund tracking the Russell Australia ESG High Dividend Index. Both are passively managed. Over the past 5 years, WVOL.AX returned 8.02%/yr vs 7.13%/yr for RARI.AX. Their 0.37 correlation means their historical movements had little consistent relationship. WVOL.AX charges 0.25%/yr vs 0.45%/yr for RARI.AX.
Performance
WVOL.AX vs. RARI.AX - Performance Comparison
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Returns By Period
In the year-to-date period, WVOL.AX achieves a 3.00% return, which is significantly higher than RARI.AX's -0.02% return.
WVOL.AX
- 1D
- -0.95%
- 1M
- -0.35%
- 6M
- 4.87%
- YTD
- 3.00%
- 1Y
- 6.56%
- 3Y*
- 10.79%
- 5Y*
- 8.02%
- 10Y*
- —
- ALL TIME*
- 9.23%
RARI.AX
- 1D
- -0.10%
- 1M
- 1.62%
- 6M
- 0.53%
- YTD
- -0.02%
- 1Y
- 1.21%
- 3Y*
- 10.01%
- 5Y*
- 7.13%
- 10Y*
- 7.36%
- ALL TIME*
- 6.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| A$460.99K | A$409.66K | A$208.43K | |
| A$363.90K | A$303.55K | A$204.69K |
WVOL.AX vs. RARI.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WVOL.AX iShares MSCI World ex Australia Minimum Volatility ETF | 3.00% | 10.13% | 20.75% | 5.37% | -3.23% | 21.37% | -6.48% | 23.83% | 5.64% | 9.58% |
RARI.AX Russell Investments Australian Responsible Investment ETF | -0.02% | 10.72% | 16.25% | 10.55% | -5.50% | 17.90% | -3.48% | 21.52% | -4.10% | 9.15% |
Correlation
The correlation between WVOL.AX and RARI.AX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2016 | 0.37 |
The correlation between WVOL.AX and RARI.AX shifts across timeframes, from 0.26 (3 years) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WVOL.AX vs. RARI.AX — Risk / Return Rank
WVOL.AX
RARI.AX
WVOL.AX vs. RARI.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX) and Russell Investments Australian Responsible Investment ETF (RARI.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.
| WVOL.AX | RARI.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.02 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.03 | +1.05 |
| Martin ratioReturn relative to average drawdown | 2.69 | 0.06 | +2.63 |
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Drawdowns
WVOL.AX vs. RARI.AX - Drawdown Comparison
The maximum WVOL.AX drawdown since its inception was -21.05%, smaller than the maximum RARI.AX drawdown of -38.54%. Use the drawdown chart below to compare losses from any high point for WVOL.AX and RARI.AX.
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Drawdown Indicators
| WVOL.AX | RARI.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.05% | -38.54% | +17.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -11.77% | +6.21% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -11.77% | +5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -12.52% | -15.93% | +3.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.54% | — |
Current DrawdownCurrent decline from peak | -0.95% | -5.78% | +4.83% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -5.40% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 6.74% | -4.48% |
Volatility
WVOL.AX vs. RARI.AX - Volatility Comparison
The current volatility for iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX) is 2.32%, while Russell Investments Australian Responsible Investment ETF (RARI.AX) has a volatility of 3.67%. This indicates that WVOL.AX experiences smaller price fluctuations and is considered to be less risky than RARI.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WVOL.AX | RARI.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 3.67% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 6.35% | 10.39% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.90% | 12.94% | -5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.41% | 13.39% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.61% | 14.71% | -3.10% |
WVOL.AX vs. RARI.AX - Expense Ratio Comparison
WVOL.AX has a 0.25% expense ratio, which is lower than RARI.AX's 0.45% expense ratio.
Dividends
WVOL.AX vs. RARI.AX - Dividend Comparison
WVOL.AX's dividend yield for the trailing twelve months is around 1.45%, less than RARI.AX's 5.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RARI.AX Russell Investments Australian Responsible Investment ETF | 5.69% | 4.29% | 3.36% | 3.86% | 3.64% | 3.47% | 3.86% | 8.64% | 6.51% | 5.30% | 5.47% | 3.05% |
WVOL.AX iShares MSCI World ex Australia Minimum Volatility ETF | 1.45% | 3.09% | 3.43% | 2.19% | 2.62% | 1.75% | 2.36% | 2.37% | 4.62% | 1.43% | 0.00% | 0.00% |
Frequently Asked Questions
WVOL.AX and RARI.AX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WVOL.AX is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WVOL.AX is cheaper with a 0.25% expense ratio, compared with 0.45% for RARI.AX.
WVOL.AX is categorized as Global Equities, while RARI.AX is Australia Equities. WVOL.AX tracks MSCI World ex Australia Minimum Volatility (AUD) Net Index, while RARI.AX tracks Russell Australia ESG High Dividend Index. They also come from different issuers: iShares and Russell. Their fees differ too: 0.25% for WVOL.AX and 0.45% for RARI.AX.
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