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ZYAU.AX vs. IHD.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZYAU.AX vs. IHD.AX

Last updated Jul 16, 2026
Documentation

ZYAU.AX (Global X S&P/ASX 200 High Dividend ETF) and IHD.AX (iShares S&P/ASX Dividend Opportunities ESG Screened ETF) are both Dividend funds - ZYAU.AX tracks the Global X S&P/ASX 200 High Dividend Index while IHD.AX tracks the iShares S&P/ASX Dividend Opportunities ESG Screened Index. Both are passively managed. Over the past 10 years, ZYAU.AX returned 8.55%/yr vs 8.02%/yr for IHD.AX. Their correlation of 0.80 suggests significant overlap in exposure.

Performance

ZYAU.AX vs. IHD.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X S&P/ASX 200 High Dividend ETF (ZYAU.AX) and iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD.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, ZYAU.AX achieves a 7.50% return, which is significantly higher than IHD.AX's 6.05% return. Over the past 10 years, ZYAU.AX has outperformed IHD.AX with an annualized return of 8.55%, while IHD.AX has yielded a comparatively lower 8.02% annualized return.

ZYAU.AX

1D
-0.20%
1M
-1.11%
6M
7.39%
YTD
7.50%
1Y
16.88%
3Y*
14.70%
5Y*
7.88%
10Y*
8.55%

IHD.AX

1D
-0.06%
1M
-1.76%
6M
5.07%
YTD
6.05%
1Y
18.31%
3Y*
14.60%
5Y*
9.20%
10Y*
8.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZYAU.AX vs. IHD.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZYAU.AX
Global X S&P/ASX 200 High Dividend ETF		7.50%16.65%9.61%13.28%-10.97%18.29%-11.11%18.18%-2.19%19.29%
IHD.AX
iShares S&P/ASX Dividend Opportunities ESG Screened ETF		6.05%20.16%7.98%13.98%-0.62%10.21%-3.33%24.74%-10.48%8.59%

Correlation

The correlation between ZYAU.AX and IHD.AX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.85

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

0.87

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

0.84

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

0.80

Correlation (All Time)
Calculated using the full available price history since Jun 10, 2015

0.80

The correlation between ZYAU.AX and IHD.AX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

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Global X S&P/ASX 200 High Dividend ETF

iShares S&P/ASX Dividend Opportunities ESG Screened ETF

Return for Risk

ZYAU.AX vs. IHD.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZYAU.AX
ZYAU.AX Risk / Return Rank: 5757
Overall Rank
ZYAU.AX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
ZYAU.AX Sortino Ratio Rank: 5454
Sortino Ratio Rank
ZYAU.AX Omega Ratio Rank: 5050
Omega Ratio Rank
ZYAU.AX Calmar Ratio Rank: 7777
Calmar Ratio Rank
ZYAU.AX Martin Ratio Rank: 5252
Martin Ratio Rank
IHD.AX
IHD.AX Risk / Return Rank: 5757
Overall Rank
IHD.AX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
IHD.AX Sortino Ratio Rank: 5454
Sortino Ratio Rank
IHD.AX Omega Ratio Rank: 5353
Omega Ratio Rank
IHD.AX Calmar Ratio Rank: 6666
Calmar Ratio Rank
IHD.AX Martin Ratio Rank: 5959
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.

ZYAU.AX vs. IHD.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P/ASX 200 High Dividend ETF (ZYAU.AX) and iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD.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.

ZYAU.AXIHD.AXDifference
Sharpe ratioReturn per unit of total volatility
1.50
1.51

-0.01

Sortino ratioReturn per unit of downside risk
2.14
2.15

-0.01

Omega ratioGain probability vs. loss probability

1.26

1.27

-0.01

Calmar ratioReturn relative to maximum drawdown

3.19

2.67

+0.52

Martin ratioReturn relative to average drawdown

7.10

8.30

-1.20

ZYAU.AX vs. IHD.AX - Sharpe Ratio Comparison

The current ZYAU.AX Sharpe Ratio is 1.50, which is comparable to the IHD.AX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of ZYAU.AX and IHD.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

ZYAU.AX vs. IHD.AX - Drawdown Comparison

The maximum ZYAU.AX drawdown since its inception was -41.40%, which is greater than IHD.AX's maximum drawdown of -36.45%. Use the drawdown chart below to compare losses from any high point for ZYAU.AX and IHD.AX.

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Drawdown Indicators

ZYAU.AXIHD.AXDifference

Max Drawdown

Largest peak-to-trough decline

-41.40%

-36.45%

-4.95%

Max Drawdown (1Y)

Largest decline over 1 year

-5.27%

-7.00%

+1.73%

Max Drawdown (3Y)

Largest decline over 3 years

-11.67%

-10.58%

-1.09%

Max Drawdown (5Y)

Largest decline over 5 years

-20.11%

-14.00%

-6.11%

Max Drawdown (10Y)

Largest decline over 10 years

-41.40%

-36.45%

-4.95%

Current Drawdown

Current decline from peak

-2.51%

-1.76%

-0.75%

Average Drawdown

Average peak-to-trough decline

-5.83%

-5.61%

-0.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.41%

2.28%

+0.13%

Volatility

ZYAU.AX vs. IHD.AX - Volatility Comparison

The current volatility for Global X S&P/ASX 200 High Dividend ETF (ZYAU.AX) is 1.94%, while iShares S&P/ASX Dividend Opportunities ESG Screened ETF (IHD.AX) has a volatility of 2.23%. This indicates that ZYAU.AX experiences smaller price fluctuations and is considered to be less risky than IHD.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZYAU.AXIHD.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.94%

2.23%

-0.29%

Volatility (6M)

Calculated over the trailing 6-month period

8.48%

9.68%

-1.20%

Volatility (1Y)

Calculated over the trailing 1-year period

11.24%

12.40%

-1.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.54%

13.00%

+0.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.32%

14.97%

+0.35%

Dividends

ZYAU.AX vs. IHD.AX - Dividend Comparison

ZYAU.AX's dividend yield for the trailing twelve months is around 4.28%, more than IHD.AX's 4.03% yield.

PositionTTM20252024202320222021202020192018201720162015
IHD.AX
iShares S&P/ASX Dividend Opportunities ESG Screened ETF		4.03%4.16%5.53%4.56%6.57%5.33%1.93%6.41%6.10%4.91%3.79%6.85%
ZYAU.AX
Global X S&P/ASX 200 High Dividend ETF		4.28%4.22%7.82%11.01%9.36%6.73%4.68%6.38%9.89%15.54%5.13%2.66%

Frequently Asked Questions

ZYAU.AX and IHD.AX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ZYAU.AX tracks Global X S&P/ASX 200 High Dividend Index, while IHD.AX tracks iShares S&P/ASX Dividend Opportunities ESG Screened Index. They also come from different issuers: Global X and iShares.

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