VanEck Australian Corporate Bond Plus ETF (PLUS.AX)

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VanEck Australian Corporate Bond Plus ETF (PLUS.AX) is up 1.2% since the beginning of the year. PLUS.AX is currently trading at A$17 per share. Investors who bought A$1,000 worth of PLUS.AX shares 5 years ago would now be looking at an investment worth A$1,052.

VanEck Australian Corporate Bond Plus ETF (PLUS.AX) has returned 1.15% so far this year and 1.90% over the past 12 months.

Based on dividend-adjusted daily data since May 9, 2017, PLUS.AX's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +3.8%, while the worst month was Mar 2020 at -9.0%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PLUS.AX closed higher 48% of trading days. The best single day was Mar 18, 2020 with a return of +6.3%, while the worst single day was Mar 13, 2020 at -7.8%.

VanEck Australian Corporate Bond Plus ETF has an annualized alpha of 3.13%, beta of -0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since May 09, 2017.

• This ETF participated in 16.29% of S&P 500 Index downside but only 13.51% of its upside - more exposed to losses than it benefited from rallies.
• Beta of -0.03 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.

PLUS.AX ranks 16 for risk / return — in the bottom 16% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

VanEck Australian Corporate Bond Plus ETF provided a 3.68% dividend yield over the last twelve months, with an annual payout of A$0.62 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for VanEck Australian Corporate Bond Plus 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 VanEck Australian Corporate Bond Plus 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 VanEck Australian Corporate Bond Plus ETF was 16.54%, occurring on Jun 15, 2022. Recovery took 693 trading sessions.

The current VanEck Australian Corporate Bond Plus ETF drawdown is 0.83%.

The chart below shows the rolling one-month volatility.