- Issuer
- Global X
- Inception Date
- Jul 22, 2024
- Region
- Asia Pacific (Australia)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive Australian Bank Credit Index
- Domicile
- Australia
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
BANK.AX Performance Chart
Global X Australian Bank Credit ETF (BANK.AX) is up 2.4% since the beginning of the year. BANK.AX is currently trading at A$10 per share.
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Returns By Period
Global X Australian Bank Credit ETF (BANK.AX) has returned 2.36% so far this year and 4.33% over the past 12 months.
Global X Australian Bank Credit ETF
- 1D
- 0.10%
- 1M
- 0.71%
- 6M
- 2.05%
- YTD
- 2.36%
- 1Y
- 4.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.12%
- 1M
- 1.38%
- 6M
- 4.49%
- YTD
- 5.58%
- 1Y
- 12.98%
- 3Y*
- 18.01%
- 5Y*
- 13.12%
- 10Y*
- 14.27%
BANK.AX Monthly Returns History
Based on dividend-adjusted daily data since Jul 22, 2024, BANK.AX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.
Historically, 80% of months were positive and 20% were negative. The best month was Jun 2026 with a return of +1.1%, while the worst month was Mar 2026 at -0.4%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 1 months.
On a daily basis, BANK.AX closed higher 40% of trading days. The best single day was Mar 31, 2025 with a return of +0.7%, while the worst single day was Apr 9, 2025 at -0.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.46% | 0.39% | -0.43% | 0.16% | 0.85% | 1.11% | -0.19% | 2.36% | |||||
| 2025 | 0.24% | 0.68% | 0.35% | -0.05% | 0.69% | 0.18% | 0.85% | 0.57% | 0.20% | 0.42% | -0.10% | 0.28% | 4.39% |
| 2024 | 0.40% | 0.43% | 0.43% | 0.61% | -0.30% | 0.64% | 2.23% |
Benchmark Metrics
Global X Australian Bank Credit ETF has an annualized alpha of 5.37%, beta of -0.03, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since July 22, 2024.
- This ETF captured 9.68% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -18.90%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.03 may look defensive, but with R2 of 0.03 this ETF 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 ETF's risk.
- R2 of 0.03 means this ETF 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
- 5.37%
- Beta
- -0.03
- R²
- 0.03
- Upside Capture
- 9.68%
- Downside Capture
- -18.90%
Expense Ratio
BANK.AX has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
BANK.AX ranks 84 for risk / return — in the top 84% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Australian Bank Credit ETF (BANK.AX) and compare them to S&P 500 Index.
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.
| BANK.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.24 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 1.11 | +2.72 |
| Martin ratioReturn relative to average drawdown | 12.35 | 3.10 | +9.25 |
Dividends
Dividend History
Global X Australian Bank Credit ETF provided a 5.10% dividend yield over the last twelve months, with an annual payout of A$0.50 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | A$0.50 | A$0.53 | A$0.16 |
Dividend yield | 5.10% | 5.31% | 1.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Australian Bank Credit ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | A$0.03 | A$0.03 | A$0.03 | A$0.05 | A$0.02 | A$0.00 | A$0.17 | A$0.32 | |||||
| 2025 | A$0.09 | A$0.05 | A$0.06 | A$0.06 | A$0.05 | A$0.04 | A$0.03 | A$0.03 | A$0.04 | A$0.03 | A$0.02 | A$0.03 | A$0.53 |
| 2024 | A$0.02 | A$0.05 | A$0.03 | A$0.00 | A$0.05 | A$0.16 |
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 Global X Australian Bank Credit ETF. 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 Global X Australian Bank Credit ETF was 1.60%, occurring on Apr 9, 2025. Recovery took 16 trading sessions.
The current Global X Australian Bank Credit ETF drawdown is 0.20%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-1.60%Apr 2025 | 5d | 23d | 28dApr 2025 - May 2025 | 2025 selloff2025 |
-1.10%Mar 2026 | 23d | 1mo 29d | 2mo 22dFeb 2026 - May 2026 | — |
-0.79%Jan 2025 | 13d | 16d | 29dDec 2024 - Jan 2025 | — |
-0.70%Dec 2025 | 1mo 10d | 20d | 2moOct 2025 - Dec 2025 | — |
-0.59%Nov 2024 | 6d | 1mo 21d | 1mo 27dOct 2024 - Dec 2024 | — |
Drawdown Indicators
| BANK.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.60% | -41.07% | +39.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -11.69% | +10.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.71% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.60% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -11.02% | +10.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 4.20% | -3.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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