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BetaShares Global Banks Currency Hedged ETF (BNKS.AX) Sharpe Ratio: 2.59

ETF · Currency in AUD · Last updated Jul 16, 2026

BetaShares Global Banks Currency Hedged ETF seeks to track the Nasdaq Global ex-Australia Banks Hedged AUD Index, providing Australian-dollar-hedged exposure to large global banks outside Australia.

BNKS.AX's Sharpe Ratio of 2.59 indicates that for each unit of volatility, it generates 2.59 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 16, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

BNKS.AX Sharpe Ratio Rank

BNKS.AX Sharpe Ratio Rank: 92.192
Exceptional

BNKS.AX ranks above 92.1% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

BNKS.AX Sharpe Ratio Market Positioning

The chart shows BNKS.AX's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.74 or lower
  • Yellow zone (middle 50%): 0.74 to 1.89
  • Green zone (top 25%): 1.89 or higher
  • Top 1%: 6.47+
  • Median: 1.42 — half of all investments score higher

How it compares to other similar ETFs

The table compares BetaShares Global Banks Currency Hedged ETF's Sharpe Ratio with other ETFs in the Financials Equities category across multiple time periods, showing how BNKS.AX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 16, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
BNKS.AXBetaShares Global Banks Currency Hedged ETF2.59
MVB.AXVanEck Australian Banks ETF0.58
OZF.AXSPDR ETFs Australia - State Street SPDR S&P/ASX 200 Financials EX A-REIT ETF0.40
QFN.AXBetaShares Australian Financials Sector ETF0.30

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows BNKS.AX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when BNKS.AX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does BNKS.AX fit in your portfolio?

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