Global X Australian Bank Credit ETF (BANK.AX) belongs to the Corporate Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BANK.AX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Best Risk-Adjusted Alternatives to BANK.AX
BANK.AX has a PortfoliosLab risk / return rank of 84. There are 2 ETFs in the Corporate Bonds category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Australian Floating Rate ETF | 92 | — | Jul 2017 | BANK.AX vs FLOT.AX | |
| Betashares Australian Credit Income Active ETF | 90 | — | — | BANK.AX vs HBRD.AX | |
| iShares Core Global Corporate Bond (AUD Hedged) ET... | 28 | — | Dec 2015 | BANK.AX vs IHCB.AX | |
| Russell Investments Australian Select Corporate Bo... | 19 | — | Mar 2012 | BANK.AX vs RCB.AX | |
| Vanguard International Credit Securities Index (He... | 18 | — | Dec 2015 | BANK.AX vs VCF.AX |
Top Performing BANK.AX Alternatives (YTD)
BANK.AX is at 2.36% YTD. No ETFs in the Corporate Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 1.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Australian Floating Rate ETF | 1.78% | — | Jul 2017 | BANK.AX vs FLOT.AX | |
| Russell Investments Australian Select Corporate Bo... | 1.68% | — | Mar 2012 | BANK.AX vs RCB.AX | |
| Betashares Australian Credit Income Active ETF | 1.65% | — | — | BANK.AX vs HBRD.AX | |
| VanEck Australian Corporate Bond Plus ETF | 1.15% | — | May 2017 | BANK.AX vs PLUS.AX | |
| Vanguard Australian Corporate Fixed Interest Index... | 1.14% | — | May 2016 | BANK.AX vs VACF.AX |
Lowest Volatility Alternatives to BANK.AX
BANK.AX has 2.06% 1-year volatility. There are 2 ETFs in the Corporate Bonds category with lower 1-year volatility, going as low as 1.44%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Australian Floating Rate ETF | 1.44% | — | Jul 2017 | BANK.AX vs FLOT.AX | |
| Betashares Australian Credit Income Active ETF | 1.68% | — | — | BANK.AX vs HBRD.AX | |
| Vanguard Australian Corporate Fixed Interest Index... | 3.49% | — | May 2016 | BANK.AX vs VACF.AX | |
| Russell Investments Australian Select Corporate Bo... | 3.61% | — | Mar 2012 | BANK.AX vs RCB.AX | |
| VanEck Australian Corporate Bond Plus ETF | 3.63% | — | May 2017 | BANK.AX vs PLUS.AX |
Lowest Drawdown Alternatives to BANK.AX
BANK.AX has a 1-year max drawdown of -1.10%. There are 2 ETFs in the Corporate Bonds category with shallower 1-year drawdowns, going as shallow as -0.48%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Australian Floating Rate ETF | -0.48% | — | Jul 2017 | BANK.AX vs FLOT.AX | |
| Betashares Australian Credit Income Active ETF | -0.69% | — | — | BANK.AX vs HBRD.AX | |
| iShares Core Global Corporate Bond (AUD Hedged) ET... | -2.75% | — | Dec 2015 | BANK.AX vs IHCB.AX | |
| Russell Investments Australian Select Corporate Bo... | -2.86% | — | Mar 2012 | BANK.AX vs RCB.AX | |
| Vanguard Australian Corporate Fixed Interest Index... | -3.34% | — | May 2016 | BANK.AX vs VACF.AX |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include GXLD.AX, CURE.AX, ROBO.AX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Global X Gold Bullion ETF | Gold | 17 | -11.66% | — | Apr 2024 | BANK.AX vs GXLD.AX | |
| Global X S&P Biotech ETF | Health & Biotech Equities | 90 | 22.66% | — | Nov 2018 | BANK.AX vs CURE.AX | |
| Global X ROBO Global Robotics & Automation ETF | Global Equities | 40 | 10.71% | — | Sep 2017 | BANK.AX vs ROBO.AX | |
| Global X India Nifty 50 ETF | Global Equities | 1 | -16.20% | — | Jun 2019 | BANK.AX vs NDIA.AX | |
| Global X Semiconductor ETF | Global Equities | 95 | 73.20% | — | Aug 2021 | BANK.AX vs SEMI.AX | |
| Global X Morningstar Global Technology ETF | Technology Equities | 18 | 13.34% | — | Apr 2017 | BANK.AX vs TECH.AX | |
| Global X Battery Tech & Lithium ETF | Alternative Energy Equities | 66 | 5.57% | — | Aug 2018 | BANK.AX vs ACDC.AX | |
| Global X EURO STOXX 50 ETF | Global Equities | 21 | 3.22% | — | Jul 2016 | BANK.AX vs ESTX.AX | |
| Global X S&P/ASX 200 High Dividend ETF | Dividend | 57 | 7.50% | — | Jun 2015 | BANK.AX vs ZYAU.AX | |
| Global X S&P 500 High Yield Low Volatility ETF | Global Equities | 16 | 5.46% | — | Jun 2015 | BANK.AX vs ZYUS.AX |
Compare BANK.AX with Any Fund or Stock
Compare BANK.AX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BANK.AX with funds that move differently
Global X Australian Bank Credit ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BANK.AX.
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