A200.AX vs. AAA.AX
A200.AX (Betashares Australia 200 ETF) and AAA.AX (BetaShares Australian High Interest Cash ETF) are both exchange-traded funds - A200.AX is a fund fund tracking the Solactive Australia 200 Index, while AAA.AX is a Money Market fund actively managed by BetaShares. A200.AX is passively managed, while AAA.AX is actively managed. Over the past 5 years, A200.AX returned 7.10%/yr vs 2.90%/yr for AAA.AX. At a 0.00 correlation, their price movements are largely independent. A200.AX charges 0.04%/yr vs 0.18%/yr for AAA.AX.
Performance
A200.AX vs. AAA.AX - Performance Comparison
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Returns By Period
In the year-to-date period, A200.AX achieves a 2.54% return, which is significantly higher than AAA.AX's 1.60% return.
A200.AX
- 1D
- 0.17%
- 1M
- -0.63%
- 6M
- 2.18%
- YTD
- 2.54%
- 1Y
- 5.19%
- 3Y*
- 9.64%
- 5Y*
- 7.10%
- 10Y*
- —
AAA.AX
- 1D
- 0.02%
- 1M
- 0.39%
- 6M
- 1.49%
- YTD
- 1.60%
- 1Y
- 3.09%
- 3Y*
- 3.74%
- 5Y*
- 2.90%
- 10Y*
- 2.12%
A200.AX vs. AAA.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
A200.AX Betashares Australia 200 ETF | 2.54% | 10.31% | 9.74% | 10.96% | -1.18% | 17.90% | 1.16% | 22.87% | -3.83% |
AAA.AX BetaShares Australian High Interest Cash ETF | 1.60% | 3.76% | 3.87% | 3.75% | 1.38% | 0.35% | 0.74% | 1.69% | 1.32% |
Correlation
The correlation between A200.AX and AAA.AX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 7, 2018 | 0.00 |
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Return for Risk
A200.AX vs. AAA.AX — Risk / Return Rank
A200.AX
AAA.AX
A200.AX vs. AAA.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Australia 200 ETF (A200.AX) and BetaShares Australian High Interest Cash ETF (AAA.AX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| A200.AX | AAA.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.61 | ||
| Sortino ratioReturn per unit of downside risk | -4.59 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 2.82 | -1.72 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 9.43 | -8.73 |
| Martin ratioReturn relative to average drawdown | 1.65 | 30.20 | -28.55 |
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Drawdowns
A200.AX vs. AAA.AX - Drawdown Comparison
The maximum A200.AX drawdown since its inception was -35.55%, which is greater than AAA.AX's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for A200.AX and AAA.AX.
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Drawdown Indicators
| A200.AX | AAA.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.55% | -0.36% | -35.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -0.32% | -8.08% |
Max Drawdown (3Y)Largest decline over 3 years | -13.22% | -0.32% | -12.90% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -0.32% | -14.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.32% | — |
Current DrawdownCurrent decline from peak | -2.62% | 0.00% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -0.06% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 0.10% | +3.52% |
Volatility
A200.AX vs. AAA.AX - Volatility Comparison
Betashares Australia 200 ETF (A200.AX) has a higher volatility of 2.37% compared to BetaShares Australian High Interest Cash ETF (AAA.AX) at 0.10%. This indicates that A200.AX's price experiences larger fluctuations and is considered to be riskier than AAA.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| A200.AX | AAA.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 0.10% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 0.65% | +9.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 0.73% | +11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.62% | 0.50% | +12.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 0.48% | +14.69% |
A200.AX vs. AAA.AX - Expense Ratio Comparison
A200.AX has a 0.04% expense ratio, which is lower than AAA.AX's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
A200.AX vs. AAA.AX - Dividend Comparison
A200.AX's dividend yield for the trailing twelve months is around 2.51%, less than AAA.AX's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
A200.AX Betashares Australia 200 ETF | 2.51% | 3.33% | 1.57% | 2.89% | 5.68% | 2.98% | 2.54% | 3.61% | 1.40% | 0.00% | 0.00% | 0.00% |
AAA.AX BetaShares Australian High Interest Cash ETF | 3.06% | 3.77% | 3.73% | 3.56% | 1.13% | 0.35% | 0.82% | 1.74% | 1.87% | 1.36% | 1.68% | 1.54% |
Frequently Asked Questions
A200.AX and AAA.AX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, A200.AX is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
A200.AX is cheaper with a 0.04% expense ratio, compared with 0.18% for AAA.AX.
Their fees differ too: 0.04% for A200.AX and 0.18% for AAA.AX.
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