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

WXOZ.AX vs. QMIX.AX

Last updated Jul 16, 2026
Documentation

WXOZ.AX (SPDR ETFs Australia - State Street SPDR S&P World ex Australia Carbon Aware ETF) and QMIX.AX (SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF) are both Global Equities funds from SPDR tracking the SPDR Index. Both are passively managed. Over the past 10 years, WXOZ.AX returned 13.22%/yr vs 12.58%/yr for QMIX.AX. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

WXOZ.AX vs. QMIX.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 SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.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 QMIX.AX's 4.91% return. Both investments have delivered pretty close results over the past 10 years, with WXOZ.AX having a 13.22% annualized return and QMIX.AX not far behind at 12.58%.

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%

QMIX.AX

1D
0.11%
1M
1.32%
6M
2.97%
YTD
4.91%
1Y
12.46%
3Y*
15.74%
5Y*
11.84%
10Y*
12.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WXOZ.AX vs. QMIX.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%
QMIX.AX
SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF		4.91%12.23%24.29%18.07%-6.97%28.75%-1.08%29.52%0.77%14.11%

Correlation

The correlation between WXOZ.AX and QMIX.AX is 0.74, 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

0.74

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

0.76

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

0.70

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

0.59

Correlation (All Time)
Calculated using the full available price history since Sep 11, 2015

0.58

The correlation between WXOZ.AX and QMIX.AX shifts across timeframes, from 0.58 (all time) to 0.76 (3 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

SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF

Return for Risk

WXOZ.AX vs. QMIX.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
QMIX.AX
QMIX.AX Risk / Return Rank: 4747
Overall Rank
QMIX.AX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
QMIX.AX Sortino Ratio Rank: 5353
Sortino Ratio Rank
QMIX.AX Omega Ratio Rank: 5252
Omega Ratio Rank
QMIX.AX Calmar Ratio Rank: 3939
Calmar Ratio Rank
QMIX.AX Martin Ratio Rank: 4040
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. QMIX.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 SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.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.AXQMIX.AXDifference
Sharpe ratioReturn per unit of total volatility
1.01
1.49

-0.48

Sortino ratioReturn per unit of downside risk
1.47
2.13

-0.66

Omega ratioGain probability vs. loss probability

1.19

1.27

-0.08

Calmar ratioReturn relative to maximum drawdown

0.84

1.64

-0.81

Martin ratioReturn relative to average drawdown

2.40

5.21

-2.81

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

The current WXOZ.AX Sharpe Ratio is 1.01, which is lower than the QMIX.AX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of WXOZ.AX and QMIX.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. QMIX.AX - Drawdown Comparison

The maximum WXOZ.AX drawdown since its inception was -24.28%, which is greater than QMIX.AX's maximum drawdown of -22.24%. Use the drawdown chart below to compare losses from any high point for WXOZ.AX and QMIX.AX.

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Drawdown Indicators

WXOZ.AXQMIX.AXDifference

Max Drawdown

Largest peak-to-trough decline

-24.28%

-22.24%

-2.04%

Max Drawdown (1Y)

Largest decline over 1 year

-12.21%

-7.75%

-4.46%

Max Drawdown (3Y)

Largest decline over 3 years

-16.95%

-10.87%

-6.08%

Max Drawdown (5Y)

Largest decline over 5 years

-22.25%

-16.24%

-6.01%

Max Drawdown (10Y)

Largest decline over 10 years

-24.28%

-22.24%

-2.04%

Current Drawdown

Current decline from peak

-0.58%

-1.01%

+0.43%

Average Drawdown

Average peak-to-trough decline

-4.23%

-3.60%

-0.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.34%

2.48%

+1.86%

Volatility

WXOZ.AX vs. QMIX.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 SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.AX) at 1.84%. This indicates that WXOZ.AX's price experiences larger fluctuations and is considered to be riskier than QMIX.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.AXQMIX.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.26%

1.84%

+0.42%

Volatility (6M)

Calculated over the trailing 6-month period

8.17%

7.06%

+1.11%

Volatility (1Y)

Calculated over the trailing 1-year period

10.11%

8.57%

+1.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.09%

12.81%

+0.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.37%

13.23%

+0.14%

Dividends

WXOZ.AX vs. QMIX.AX - Dividend Comparison

WXOZ.AX's dividend yield for the trailing twelve months is around 6.00%, more than QMIX.AX's 4.45% yield.

PositionTTM20252024202320222021202020192018201720162015
QMIX.AX
SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF		4.45%3.81%3.95%2.88%4.15%2.83%4.71%2.69%2.73%2.21%2.68%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 QMIX.AX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs track SPDR Index.

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