WVOL.AX vs. VMIN.AX
WVOL.AX (iShares MSCI World ex Australia Minimum Volatility ETF) and VMIN.AX (Vanguard Global Minimum Volatility Active ETF) are both Global Equities funds. WVOL.AX is passively managed, while VMIN.AX is actively managed. Over the past 5 years, WVOL.AX returned 8.01%/yr vs 6.31%/yr for VMIN.AX. At a 0.42 correlation, their price movements are largely independent.
Performance
WVOL.AX vs. VMIN.AX - Performance Comparison
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Returns By Period
In the year-to-date period, WVOL.AX achieves a 1.58% return, which is significantly lower than VMIN.AX's 7.62% return.
WVOL.AX
- 1D
- -0.73%
- 1M
- 0.44%
- 6M
- 1.08%
- YTD
- 1.58%
- 1Y
- 5.79%
- 3Y*
- 11.42%
- 5Y*
- 8.01%
- 10Y*
- —
VMIN.AX
- 1D
- 0.10%
- 1M
- 0.24%
- 6M
- 7.73%
- YTD
- 7.62%
- 1Y
- 11.44%
- 3Y*
- 11.75%
- 5Y*
- 6.31%
- 10Y*
- —
WVOL.AX vs. VMIN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 7.57% |
VMIN.AX Vanguard Global Minimum Volatility Active ETF | 7.62% | 12.03% | 11.45% | 5.06% | -6.66% | 11.54% | -3.76% | 18.59% | 0.31% |
Correlation
The correlation between WVOL.AX and VMIN.AX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2018 | 0.42 |
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Return for Risk
WVOL.AX vs. VMIN.AX — Risk / Return Rank
WVOL.AX
VMIN.AX
WVOL.AX vs. VMIN.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 Vanguard Global Minimum Volatility Active ETF (VMIN.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 | VMIN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.27 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.04 | -0.87 |
| Martin ratioReturn relative to average drawdown | 2.93 | 8.77 | -5.84 |
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Drawdowns
WVOL.AX vs. VMIN.AX - Drawdown Comparison
The maximum WVOL.AX drawdown since its inception was -21.05%, smaller than the maximum VMIN.AX drawdown of -31.28%. Use the drawdown chart below to compare losses from any high point for WVOL.AX and VMIN.AX.
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Drawdown Indicators
| WVOL.AX | VMIN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.05% | -31.28% | +10.23% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -5.81% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -9.72% | +3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -12.52% | -15.31% | +2.79% |
Current DrawdownCurrent decline from peak | -1.83% | -0.76% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -3.70% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 1.37% | +0.87% |
Volatility
WVOL.AX vs. VMIN.AX - Volatility Comparison
The current volatility for iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX) is 2.31%, while Vanguard Global Minimum Volatility Active ETF (VMIN.AX) has a volatility of 2.52%. This indicates that WVOL.AX experiences smaller price fluctuations and is considered to be less risky than VMIN.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 | VMIN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 2.52% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.26% | 8.75% | -2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.90% | 9.84% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.41% | 10.68% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.62% | 12.43% | -0.81% |
Dividends
WVOL.AX vs. VMIN.AX - Dividend Comparison
WVOL.AX's dividend yield for the trailing twelve months is around 1.47%, less than VMIN.AX's 11.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VMIN.AX Vanguard Global Minimum Volatility Active ETF | 11.21% | 6.54% | 0.88% | 0.00% | 0.00% | 10.76% | 4.00% | 0.00% | 0.00% | 0.00% |
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
WVOL.AX and VMIN.AX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and Vanguard.
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