XARO.AX vs. INES.AX
XARO.AX (Ardea Real Outcome Bond Complex ETF) and INES.AX (Intelligent Investor Ethical Share ETF) are both exchange-traded funds - XARO.AX is a Total Bond Market fund actively managed by ETF Issuer, while INES.AX is a Global Equities fund tracking the Intelligent Investor Ethical Share Index. XARO.AX is actively managed, while INES.AX is passively managed. Over the past 5 years, XARO.AX returned 2.03%/yr vs 3.31%/yr for INES.AX. At a 0.01 correlation, their price movements are largely independent.
Performance
XARO.AX vs. INES.AX - Performance Comparison
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Returns By Period
In the year-to-date period, XARO.AX achieves a 1.43% return, which is significantly higher than INES.AX's -9.15% return.
XARO.AX
- 1D
- 0.12%
- 1M
- 0.96%
- 6M
- 1.47%
- YTD
- 1.43%
- 1Y
- 4.40%
- 3Y*
- 2.59%
- 5Y*
- 2.03%
- 10Y*
- —
INES.AX
- 1D
- 1.60%
- 1M
- 1.27%
- 6M
- -8.43%
- YTD
- -9.15%
- 1Y
- -7.94%
- 3Y*
- 5.87%
- 5Y*
- 3.31%
- 10Y*
- —
XARO.AX vs. INES.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XARO.AX Ardea Real Outcome Bond Complex ETF | 1.43% | 6.78% | 0.49% | 2.17% | 0.46% | -0.60% | 5.21% | 2.82% |
INES.AX Intelligent Investor Ethical Share ETF | -9.15% | 12.62% | 7.21% | 11.49% | -12.72% | 21.30% | 25.01% | 4.38% |
Correlation
The correlation between XARO.AX and INES.AX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2019 | 0.01 |
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Return for Risk
XARO.AX vs. INES.AX — Risk / Return Rank
XARO.AX
INES.AX
XARO.AX vs. INES.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ardea Real Outcome Bond Complex ETF (XARO.AX) and Intelligent Investor Ethical Share ETF (INES.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.
| XARO.AX | INES.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.92 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.40 | +2.34 |
| Martin ratioReturn relative to average drawdown | 6.74 | -0.78 | +7.51 |
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Drawdowns
XARO.AX vs. INES.AX - Drawdown Comparison
The maximum XARO.AX drawdown since its inception was -7.44%, smaller than the maximum INES.AX drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for XARO.AX and INES.AX.
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Drawdown Indicators
| XARO.AX | INES.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.44% | -33.57% | +26.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.26% | -19.49% | +17.23% |
Max Drawdown (3Y)Largest decline over 3 years | -3.42% | -19.49% | +16.07% |
Max Drawdown (5Y)Largest decline over 5 years | -6.98% | -19.49% | +12.51% |
Current DrawdownCurrent decline from peak | -0.00% | -11.72% | +11.72% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -5.81% | +4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 10.13% | -9.47% |
Volatility
XARO.AX vs. INES.AX - Volatility Comparison
The current volatility for Ardea Real Outcome Bond Complex ETF (XARO.AX) is 0.99%, while Intelligent Investor Ethical Share ETF (INES.AX) has a volatility of 3.87%. This indicates that XARO.AX experiences smaller price fluctuations and is considered to be less risky than INES.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XARO.AX | INES.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 3.87% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 12.71% | -10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 14.51% | -11.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 13.84% | -7.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.45% | 15.70% | -9.25% |
Dividends
XARO.AX vs. INES.AX - Dividend Comparison
XARO.AX's dividend yield for the trailing twelve months is around 1.09%, less than INES.AX's 8.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
INES.AX Intelligent Investor Ethical Share ETF | 8.36% | 0.71% | 4.24% | 1.22% | 12.37% | 1.63% | 0.67% | 0.00% |
XARO.AX Ardea Real Outcome Bond Complex ETF | 1.09% | 1.57% | 2.46% | 0.77% | 7.38% | 4.26% | 4.20% | 2.46% |
Frequently Asked Questions
XARO.AX and INES.AX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XARO.AX is categorized as Total Bond Market, while INES.AX is Global Equities.
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