A200.AX vs. ARMR.AX

Last updated Apr 1, 2026

Compare and contrast key facts about Betashares Australia 200 ETF (A200.AX) and Betashares Global Defence ETF (ARMR.AX).

A200.AX and ARMR.AX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. A200.AX is a passively managed fund by BetaShares that tracks the performance of the Solactive Australia 200 Index. It was launched on May 7, 2018. ARMR.AX is a passively managed fund by BetaShares that tracks the performance of the VettaFi Global Defence Leaders Index. It was launched on Oct 2, 2024. Both A200.AX and ARMR.AX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

A200.AX vs. ARMR.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Australia 200 ETF (A200.AX) and Betashares Global Defence ETF (ARMR.AX). The values are adjusted to include any dividend payments, if applicable.

A200.AX vs. ARMR.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
A200.AX Betashares Australia 200 ETF	-1.44%	10.31%	0.70%
ARMR.AX Betashares Global Defence ETF	0.05%	47.73%	12.11%

Returns By Period

In the year-to-date period, A200.AX achieves a -1.44% return, which is significantly lower than ARMR.AX's 0.05% return.

A200.AX

• 1D: 0.27%
• 1M: -7.08%
• YTD: -1.44%
• 6M: -2.30%
• 1Y: 11.92%
• 3Y*: 9.65%
• 5Y*: 8.67%
• 10Y*: —

ARMR.AX

• 1D: -2.46%
• 1M: -6.54%
• YTD: 0.05%
• 6M: -4.34%
• 1Y: 28.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

A200.AX vs. ARMR.AX - Expense Ratio Comparison

A200.AX has a 0.04% expense ratio, which is lower than ARMR.AX's 0.55% expense ratio.

ARMR.AX

Betashares Global Defence ETF

A200.AX

Betashares Australia 200 ETF

Return for Risk

A200.AX vs. ARMR.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

A200.AX

A200.AX Risk / Return Rank: 49
A200.AX Sharpe Ratio Rank: 53
A200.AX Sortino Ratio Rank: 50
A200.AX Omega Ratio Rank: 50
A200.AX Calmar Ratio Rank: 52
A200.AX Martin Ratio Rank: 40

ARMR.AX

ARMR.AX Risk / Return Rank: 62
ARMR.AX Sharpe Ratio Rank: 66
ARMR.AX Sortino Ratio Rank: 66
ARMR.AX Omega Ratio Rank: 56
ARMR.AX Calmar Ratio Rank: 72
ARMR.AX Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

A200.AX vs. ARMR.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Betashares Australia 200 ETF (A200.AX) and Betashares Global Defence ETF (ARMR.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.

	A200.AX	ARMR.AX	Difference
Sharpe ratio Return per unit of total volatility	0.92	1.17	-0.25
Sortino ratio Return per unit of downside risk	1.31	1.68	-0.37
Omega ratio Gain probability vs. loss probability	1.19	1.21	-0.02
Calmar ratio Return relative to maximum drawdown	1.29	1.84	-0.56
Martin ratio Return relative to average drawdown	3.75	4.89	-1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

A200.AX vs. ARMR.AX - Sharpe Ratio Comparison

The current A200.AX Sharpe Ratio is 0.92, which is comparable to the ARMR.AX Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of A200.AX and ARMR.AX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	A200.AX	ARMR.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	1.17	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	1.78	-1.23

Correlation

The correlation between A200.AX and ARMR.AX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

A200.AX vs. ARMR.AX - Dividend Comparison

A200.AX's dividend yield for the trailing twelve months is around 3.24%, more than ARMR.AX's 2.31% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
A200.AX Betashares Australia 200 ETF	3.24%	3.33%	3.13%	3.75%	6.35%	2.98%	2.54%	3.61%	1.40%
ARMR.AX Betashares Global Defence ETF	2.31%	2.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

A200.AX vs. ARMR.AX - Drawdown Comparison

The maximum A200.AX drawdown since its inception was -35.55%, which is greater than ARMR.AX's maximum drawdown of -14.86%. Use the drawdown chart below to compare losses from any high point for A200.AX and ARMR.AX.

Drawdown Indicators

	A200.AX	ARMR.AX	Difference
Max Drawdown Largest peak-to-trough decline	-35.55%	-14.86%	-20.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.40%	-14.86%	+6.46%
Max Drawdown (5Y) Largest decline over 5 years	-14.79%	—	—
Current Drawdown Current decline from peak	-7.14%	-14.86%	+7.72%
Average Drawdown Average peak-to-trough decline	-4.21%	-3.25%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	5.61%	-2.73%

Volatility

A200.AX vs. ARMR.AX - Volatility Comparison

The current volatility for Betashares Australia 200 ETF (A200.AX) is 4.95%, while Betashares Global Defence ETF (ARMR.AX) has a volatility of 7.24%. This indicates that A200.AX experiences smaller price fluctuations and is considered to be less risky than ARMR.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	A200.AX	ARMR.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	7.24%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	8.74%	18.10%	-9.36%
Volatility (1Y) Calculated over the trailing 1-year period	13.08%	24.05%	-10.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.52%	22.77%	-10.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.31%	22.77%	-7.46%