WXOZ.AX vs. CORE.AX
WXOZ.AX (SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF) and CORE.AX (Schroder Global Core Fund - Active ETF) are both Global Equities funds. WXOZ.AX is passively managed, while CORE.AX is actively managed. Over the past year, WXOZ.AX returned 10.12% vs 15.14% for CORE.AX. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
WXOZ.AX vs. CORE.AX - Performance Comparison
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Returns By Period
In the year-to-date period, WXOZ.AX achieves a 2.31% return, which is significantly lower than CORE.AX's 4.95% return.
WXOZ.AX
- 1D
- 0.00%
- 1M
- 1.39%
- 6M
- 1.39%
- YTD
- 2.31%
- 1Y
- 10.12%
- 3Y*
- 16.90%
- 5Y*
- 11.68%
- 10Y*
- 13.22%
CORE.AX
- 1D
- -0.25%
- 1M
- 0.93%
- 6M
- 4.67%
- YTD
- 4.95%
- 1Y
- 15.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WXOZ.AX vs. CORE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WXOZ.AX SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF | 2.31% | 11.23% |
CORE.AX Schroder Global Core Fund - Active ETF | 4.95% | 12.78% |
Correlation
The correlation between WXOZ.AX and CORE.AX is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.60 |
The correlation between WXOZ.AX and CORE.AX has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
WXOZ.AX vs. CORE.AX — Risk / Return Rank
WXOZ.AX
CORE.AX
WXOZ.AX vs. CORE.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 ETF (WXOZ.AX) and Schroder Global Core Fund - Active ETF (CORE.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.
| WXOZ.AX | CORE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.68 | -0.84 |
| Martin ratioReturn relative to average drawdown | 2.40 | 4.54 | -2.14 |
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Drawdowns
WXOZ.AX vs. CORE.AX - Drawdown Comparison
The maximum WXOZ.AX drawdown since its inception was -24.28%, which is greater than CORE.AX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for WXOZ.AX and CORE.AX.
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Drawdown Indicators
| WXOZ.AX | CORE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.28% | -10.20% | -14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -10.20% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.28% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -1.34% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -2.60% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | — | — |
Volatility
WXOZ.AX vs. CORE.AX - Volatility Comparison
SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF (WXOZ.AX) has a higher volatility of 2.26% compared to Schroder Global Core Fund - Active ETF (CORE.AX) at 2.12%. This indicates that WXOZ.AX's price experiences larger fluctuations and is considered to be riskier than CORE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WXOZ.AX | CORE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 2.12% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 7.39% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.11% | 12.44% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 12.50% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.37% | 12.50% | +0.87% |
Dividends
WXOZ.AX vs. CORE.AX - Dividend Comparison
WXOZ.AX's dividend yield for the trailing twelve months is around 6.00%, more than CORE.AX's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 0.68% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WXOZ.AX SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF | 6.00% | 6.66% | 5.97% | 4.03% | 13.64% | 1.29% | 2.06% | 2.85% | 2.55% | 2.17% | 3.32% | 4.47% |
Frequently Asked Questions
WXOZ.AX and CORE.AX have a correlation of 0.62, 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 Schroder.
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