Betashares Australian Credit Income Active ETF (HBRD.AX)

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Betashares Australian Credit Income Active ETF (HBRD.AX) is up 1.7% since the beginning of the year. HBRD.AX is currently trading at A$10 per share. Investors who bought A$1,000 worth of HBRD.AX shares 5 years ago would now be looking at an investment worth A$1,211.

Betashares Australian Credit Income Active ETF (HBRD.AX) has returned 1.65% so far this year and 3.94% over the past 12 months.

Based on dividend-adjusted daily data since Nov 13, 2017, HBRD.AX's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.

Historically, 73% of months were positive and 27% were negative. The best month was Apr 2020 with a return of +3.5%, while the worst month was Mar 2020 at -5.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 3 months.

On a daily basis, HBRD.AX closed higher 41% of trading days. The best single day was Mar 25, 2020 with a return of +3.5%, while the worst single day was Mar 23, 2020 at -5.8%.

Betashares Australian Credit Income Active ETF has an annualized alpha of 3.29%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 13, 2017.

• This ETF captured 10.70% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.95%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.02 may look defensive, but with R2 of 0.01 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 0.01 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.

HBRD.AX ranks 90 for risk / return — in the top 90% 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.

Betashares Australian Credit Income Active ETF provided a 4.07% dividend yield over the last twelve months, with an annual payout of A$0.41 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Betashares Australian Credit Income Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Betashares Australian Credit Income Active 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 Betashares Australian Credit Income Active ETF was 15.60%, occurring on Mar 23, 2020. Recovery took 93 trading sessions.

The chart below shows the rolling one-month volatility.