PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
WXHG.AX vs. WRLD.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WXHG.AX vs. WRLD.AX

Last updated Jul 16, 2026
Documentation

WXHG.AX (SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF) and WRLD.AX (Betashares Managed Risk Global Shares Complex ETF) are both Global Equities funds. WXHG.AX is passively managed, while WRLD.AX is actively managed. Over the past 10 years, WXHG.AX returned 11.88%/yr vs 10.04%/yr for WRLD.AX. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

WXHG.AX vs. WRLD.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 World ex Australia Carbon Aware (Hedged) ETF (WXHG.AX) and Betashares Managed Risk Global Shares Complex ETF (WRLD.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, WXHG.AX achieves a 7.43% return, which is significantly higher than WRLD.AX's 4.57% return. Over the past 10 years, WXHG.AX has outperformed WRLD.AX with an annualized return of 11.88%, while WRLD.AX has yielded a comparatively lower 10.04% annualized return.

WXHG.AX

1D
0.11%
1M
0.58%
6M
6.31%
YTD
7.43%
1Y
18.40%
3Y*
18.25%
5Y*
10.25%
10Y*
11.88%

WRLD.AX

1D
-0.04%
1M
2.32%
6M
3.52%
YTD
4.57%
1Y
13.29%
3Y*
16.18%
5Y*
10.33%
10Y*
10.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WXHG.AX vs. WRLD.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WXHG.AX
SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF		7.43%18.99%19.77%23.72%-19.94%23.36%10.60%25.72%-8.51%20.03%
WRLD.AX
Betashares Managed Risk Global Shares Complex ETF		4.57%9.59%29.10%13.20%-10.32%23.66%-3.31%22.48%-0.50%10.96%

Correlation

The correlation between WXHG.AX and WRLD.AX is 0.57, 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

0.57

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

0.52

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

0.51

Correlation (10Y)
Calculated over the trailing 10-year period

0.55

Correlation (All Time)
Calculated using the full available price history since Dec 16, 2015

0.52

The correlation between WXHG.AX and WRLD.AX has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF

Betashares Managed Risk Global Shares Complex ETF

Return for Risk

WXHG.AX vs. WRLD.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WXHG.AX
WXHG.AX Risk / Return Rank: 5252
Overall Rank
WXHG.AX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
WXHG.AX Sortino Ratio Rank: 5050
Sortino Ratio Rank
WXHG.AX Omega Ratio Rank: 5353
Omega Ratio Rank
WXHG.AX Calmar Ratio Rank: 4848
Calmar Ratio Rank
WXHG.AX Martin Ratio Rank: 5959
Martin Ratio Rank
WRLD.AX
WRLD.AX Risk / Return Rank: 4444
Overall Rank
WRLD.AX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
WRLD.AX Sortino Ratio Rank: 5151
Sortino Ratio Rank
WRLD.AX Omega Ratio Rank: 5050
Omega Ratio Rank
WRLD.AX Calmar Ratio Rank: 3333
Calmar Ratio Rank
WRLD.AX Martin Ratio Rank: 3333
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.

WXHG.AX vs. WRLD.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF (WXHG.AX) and Betashares Managed Risk Global Shares Complex ETF (WRLD.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.

WXHG.AXWRLD.AXDifference
Sharpe ratioReturn per unit of total volatility
1.46
1.46

0.00

Sortino ratioReturn per unit of downside risk
2.04
2.08

-0.04

Omega ratioGain probability vs. loss probability

1.27

1.26

+0.01

Calmar ratioReturn relative to maximum drawdown

2.00

1.41

+0.60

Martin ratioReturn relative to average drawdown

8.35

4.01

+4.34

WXHG.AX vs. WRLD.AX - Sharpe Ratio Comparison

The current WXHG.AX Sharpe Ratio is 1.46, which is comparable to the WRLD.AX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of WXHG.AX and WRLD.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.

Loading charts...

Drawdowns

WXHG.AX vs. WRLD.AX - Drawdown Comparison

The maximum WXHG.AX drawdown since its inception was -36.37%, which is greater than WRLD.AX's maximum drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for WXHG.AX and WRLD.AX.

Loading charts...

Drawdown Indicators

WXHG.AXWRLD.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.37%

-16.14%

-20.23%

Max Drawdown (1Y)

Largest decline over 1 year

-9.34%

-9.22%

-0.12%

Max Drawdown (3Y)

Largest decline over 3 years

-18.93%

-13.70%

-5.23%

Max Drawdown (5Y)

Largest decline over 5 years

-26.29%

-14.47%

-11.82%

Max Drawdown (10Y)

Largest decline over 10 years

-36.37%

-16.14%

-20.23%

Current Drawdown

Current decline from peak

-0.04%

-0.50%

+0.46%

Average Drawdown

Average peak-to-trough decline

-4.59%

-4.19%

-0.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

3.26%

-0.98%

Volatility

WXHG.AX vs. WRLD.AX - Volatility Comparison

SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF (WXHG.AX) has a higher volatility of 2.54% compared to Betashares Managed Risk Global Shares Complex ETF (WRLD.AX) at 1.76%. This indicates that WXHG.AX's price experiences larger fluctuations and is considered to be riskier than WRLD.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

WXHG.AXWRLD.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.54%

1.76%

+0.78%

Volatility (6M)

Calculated over the trailing 6-month period

10.91%

6.83%

+4.08%

Volatility (1Y)

Calculated over the trailing 1-year period

12.85%

8.86%

+3.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.45%

11.35%

+5.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.86%

11.00%

+5.86%

Dividends

WXHG.AX vs. WRLD.AX - Dividend Comparison

WXHG.AX's dividend yield for the trailing twelve months is around 7.12%, while WRLD.AX has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
WRLD.AX
Betashares Managed Risk Global Shares Complex ETF		0.00%0.00%0.00%0.17%4.66%0.00%0.00%1.66%0.90%0.00%0.51%0.00%
WXHG.AX
SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware (Hedged) ETF		7.12%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

WXHG.AX and WRLD.AX have a correlation of 0.57, 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: SPDR and BetaShares.

Portfolio Optimizer

Find the right allocation for WXHG.AX and WRLD.AX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer