Betashares Australian Top 20 Equities Yield Maximiser Complex ETF (YMAX.AX) Sharpe Ratio: 0.14

YMAX.AX's Sharpe Ratio of 0.14 indicates that for each unit of volatility, it generates 0.14 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.

YMAX.AX Sharpe Ratio Rank

Concerning

YMAX.AX ranks above 11.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. 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

Weak risk-adjusted returns relative to category peers
Evaluate whether this holding aligns with your risk-return objectives
Consider reducing exposure or re-evaluating position size
Review higher-ranked alternatives in the same category

YMAX.AX Sharpe Ratio Market Positioning

The chart shows YMAX.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 Australian Top 20 Equities Yield Maximiser Complex ETF's Sharpe Ratio with other ETFs in the Global Equities category across multiple time periods, showing how YMAX.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.

Symbol	Name	1Y Sharpe Ratio
SEMI.AX	Global X Semiconductor ETF	3.30
IKO.AX	iShares MSCI South Korea ETF (AU)	2.52
IAA.AX	iShares Asia 50 ETF (AU)	2.19
HJPN.AX	Betashares Japan Currency Hedged ETF	2.05
HGEN.AX	Global X Hydrogen ETF	1.94
IHOO.AX	iShares Global 100 AUD Hedged ETF	1.88
OZR.AX	SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF	1.81
GLIN.AX	iShares Core FTSE Global Infrastructure (AUD Hedged) ETF	1.72
VGAD.AX	Vanguard MSCI Index International Shares (Hedged) ETF	1.64
QRE.AX	BetaShares Australian Resources Sector ETF	1.63
YMAX.AX	Betashares Australian Top 20 Equities Yield Maximiser Complex ETF	0.14

Benchmark

S&P 500 Index

Lookback Period

How to choose period

Historical Sharpe Ratio

The chart shows YMAX.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 YMAX.AX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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