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WXOZ.AX vs. OOO.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WXOZ.AX vs. OOO.AX

Last updated Jul 16, 2026
Documentation

WXOZ.AX (SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF) and OOO.AX (Betashares Crude Oil Index Currency Hedged Complex ETF) are both Global Equities funds. WXOZ.AX is passively managed, while OOO.AX is actively managed. Over the past 10 years, WXOZ.AX returned 13.22%/yr vs 0.01%/yr for OOO.AX. At a 0.08 correlation, their price movements are largely independent.

Performance

WXOZ.AX vs. OOO.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 ETF (WXOZ.AX) and Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.AX). The values are adjusted to include any dividend payments, if applicable.

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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 OOO.AX's 63.70% return. Over the past 10 years, WXOZ.AX has outperformed OOO.AX with an annualized return of 13.22%, while OOO.AX has yielded a comparatively lower 0.01% annualized 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%

OOO.AX

1D
0.00%
1M
-0.10%
6M
56.08%
YTD
63.70%
1Y
50.75%
3Y*
19.00%
5Y*
11.34%
10Y*
0.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WXOZ.AX vs. OOO.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WXOZ.AX
SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF		2.31%13.34%30.01%25.81%-16.15%29.03%6.06%27.87%0.21%14.36%
OOO.AX
Betashares Crude Oil Index Currency Hedged Complex ETF		63.70%-7.58%10.33%-4.20%-1.77%80.75%-69.47%32.63%-20.15%2.22%

Correlation

The correlation between WXOZ.AX and OOO.AX is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.24

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

-0.14

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

-0.04

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

0.09

Correlation (All Time)
Calculated using the full available price history since Mar 18, 2013

0.08

The correlation between WXOZ.AX and OOO.AX shifts across timeframes, from -0.24 (1 year) to 0.09 (10 years), reflecting how their relationship changes across market environments.

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

Betashares Crude Oil Index Currency Hedged Complex ETF

Return for Risk

WXOZ.AX vs. OOO.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WXOZ.AX
WXOZ.AX Risk / Return Rank: 2929
Overall Rank
WXOZ.AX Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
WXOZ.AX Sortino Ratio Rank: 3232
Sortino Ratio Rank
WXOZ.AX Omega Ratio Rank: 3333
Omega Ratio Rank
WXOZ.AX Calmar Ratio Rank: 2222
Calmar Ratio Rank
WXOZ.AX Martin Ratio Rank: 2424
Martin Ratio Rank
OOO.AX
OOO.AX Risk / Return Rank: 3434
Overall Rank
OOO.AX Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
OOO.AX Sortino Ratio Rank: 3535
Sortino Ratio Rank
OOO.AX Omega Ratio Rank: 4747
Omega Ratio Rank
OOO.AX Calmar Ratio Rank: 3434
Calmar Ratio Rank
OOO.AX Martin Ratio Rank: 3131
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.

WXOZ.AX vs. OOO.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 Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.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.AXOOO.AXDifference
Sharpe ratioReturn per unit of total volatility
1.01
0.75

+0.26

Sortino ratioReturn per unit of downside risk
1.47
1.59

-0.12

Omega ratioGain probability vs. loss probability

1.19

1.25

-0.06

Calmar ratioReturn relative to maximum drawdown

0.84

1.44

-0.60

Martin ratioReturn relative to average drawdown

2.40

3.62

-1.22

WXOZ.AX vs. OOO.AX - Sharpe Ratio Comparison

The current WXOZ.AX Sharpe Ratio is 1.01, which is higher than the OOO.AX Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of WXOZ.AX and OOO.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.

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Drawdowns

WXOZ.AX vs. OOO.AX - Drawdown Comparison

The maximum WXOZ.AX drawdown since its inception was -24.28%, smaller than the maximum OOO.AX drawdown of -95.09%. Use the drawdown chart below to compare losses from any high point for WXOZ.AX and OOO.AX.

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Drawdown Indicators

WXOZ.AXOOO.AXDifference

Max Drawdown

Largest peak-to-trough decline

-24.28%

-95.09%

+70.81%

Max Drawdown (1Y)

Largest decline over 1 year

-12.21%

-33.79%

+21.58%

Max Drawdown (3Y)

Largest decline over 3 years

-16.95%

-33.79%

+16.84%

Max Drawdown (5Y)

Largest decline over 5 years

-22.25%

-51.22%

+28.97%

Max Drawdown (10Y)

Largest decline over 10 years

-24.28%

-86.96%

+62.68%

Current Drawdown

Current decline from peak

-0.58%

-74.02%

+73.44%

Average Drawdown

Average peak-to-trough decline

-4.23%

-64.58%

+60.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.34%

13.72%

-9.38%

Volatility

WXOZ.AX vs. OOO.AX - Volatility Comparison

The current volatility for SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF (WXOZ.AX) is 2.26%, while Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.AX) has a volatility of 12.86%. This indicates that WXOZ.AX experiences smaller price fluctuations and is considered to be less risky than OOO.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.AXOOO.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.26%

12.86%

-10.60%

Volatility (6M)

Calculated over the trailing 6-month period

8.17%

61.15%

-52.98%

Volatility (1Y)

Calculated over the trailing 1-year period

10.11%

64.88%

-54.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.09%

45.17%

-32.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.37%

44.75%

-31.38%

Dividends

WXOZ.AX vs. OOO.AX - Dividend Comparison

WXOZ.AX's dividend yield for the trailing twelve months is around 6.00%, more than OOO.AX's 4.10% yield.

PositionTTM20252024202320222021202020192018201720162015
OOO.AX
Betashares Crude Oil Index Currency Hedged Complex ETF		4.10%0.00%4.68%0.00%19.05%28.49%16.20%5.92%3.11%0.00%0.00%1.06%
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 OOO.AX have a correlation of -0.24, 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.

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