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Performance
Performance Chart
The chart shows the growth of an initial investment of A$10,000 in S&P/ASX All Australian 50 Index, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Different Benchmark Currency
^AXAF is traded in AUD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to AUD using the latest available exchange rates.
Returns By Period
S&P/ASX All Australian 50 Index (^AXAF) has returned -0.60% so far this year and 7.36% over the past 12 months. Over the last ten years, ^AXAF has returned 5.32% per year, falling short of the S&P 500 Index benchmark, which averaged 13.35% annually.
S&P/ASX All Australian 50 Index
- 1D
- 0.13%
- 1M
- -6.84%
- YTD
- -0.60%
- 6M
- -2.82%
- 1Y
- 7.36%
- 3Y*
- 5.47%
- 5Y*
- 4.68%
- 10Y*
- 5.32%
Benchmark (S&P 500 Index)
- 1D
- 1.99%
- 1M
- -2.27%
- YTD
- -7.91%
- 6M
- -6.62%
- 1Y
- 5.15%
- 3Y*
- 15.40%
- 5Y*
- 12.34%
- 10Y*
- 13.35%
Monthly Returns
Based on dividend-adjusted daily data since Jun 18, 2007, ^AXAF's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, your investment would double in approximately 26.3 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +10.8%, while the worst month was Mar 2020 at -20.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ^AXAF closed higher 53% of trading days. The best single day was Mar 30, 2020 with a return of +7.4%, while the worst single day was Mar 16, 2020 at -9.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.46% | 5.16% | -6.84% | -0.60% | |||||||||
| 2025 | 4.17% | -4.24% | -4.07% | 3.97% | 3.21% | 1.43% | 1.98% | 1.69% | -2.12% | 0.11% | -3.97% | 1.69% | 3.37% |
| 2024 | 1.69% | 0.21% | 2.01% | -3.26% | 0.57% | 1.47% | 4.03% | -0.13% | 2.04% | -1.49% | 3.30% | -3.06% | 7.32% |
| 2023 | 6.36% | -2.73% | -0.91% | 1.46% | -3.19% | 1.94% | 2.64% | -1.29% | -3.15% | -3.12% | 4.16% | 7.33% | 9.08% |
| 2022 | -5.58% | 1.72% | 6.58% | -0.42% | -2.56% | -8.26% | 4.67% | 0.34% | -6.87% | 5.62% | 6.57% | -3.10% | -2.79% |
| 2021 | 0.92% | 1.84% | 1.57% | 3.19% | 2.56% | 1.61% | 1.17% | 1.17% | -2.87% | -0.03% | -1.45% | 2.47% | 12.67% |
Benchmark Metrics
S&P/ASX All Australian 50 Index has an annualized alpha of 1.47%, beta of 0.11, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since June 19, 2007.
- This index participated in 61.07% of S&P 500 Index downside but only 35.99% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.11 may look defensive, but with R² of 0.01 this index is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this index's risk.
- R² of 0.01 means this index moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.47%
- Beta
- 0.11
- R²
- 0.01
- Upside Capture
- 35.99%
- Downside Capture
- 61.07%
Return for Risk
Risk / Return Rank
^AXAF ranks 34 for risk / return — below 34% of indices on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for S&P/ASX All Australian 50 Index (^AXAF) and compare them to a chosen benchmark (S&P 500 Index).
| ^AXAF | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.32 | +0.25 |
Sortino ratioReturn per unit of downside risk | 0.87 | 0.55 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.08 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.55 | +0.19 |
Martin ratioReturn relative to average drawdown | 1.72 | 1.55 | +0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore ^AXAF risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the S&P/ASX All Australian 50 Index. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the S&P/ASX All Australian 50 Index was 51.77%, occurring on Mar 6, 2009. Recovery took 2706 trading sessions.
The current S&P/ASX All Australian 50 Index drawdown is 6.84%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.77% | Nov 2, 2007 | 339 | Mar 6, 2009 | 2706 | Jul 5, 2019 | 3045 |
| -35.42% | Feb 21, 2020 | 22 | Mar 23, 2020 | 305 | Jun 4, 2021 | 327 |
| -14.52% | Aug 16, 2021 | 287 | Oct 3, 2022 | 85 | Feb 3, 2023 | 372 |
| -13.96% | Feb 17, 2025 | 36 | Apr 7, 2025 | 42 | Jun 10, 2025 | 78 |
| -10.84% | Jul 25, 2007 | 18 | Aug 17, 2007 | 24 | Sep 20, 2007 | 42 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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