AAA.AX vs. F100.AX
AAA.AX (BetaShares Australian High Interest Cash ETF) and F100.AX (Betashares FTSE 100 ETF) are both exchange-traded funds - AAA.AX is a Money Market fund actively managed by BetaShares, while F100.AX is a Global Equities fund tracking the FTSE 100 Index. AAA.AX is actively managed, while F100.AX is passively managed. Over the past 5 years, AAA.AX returned 2.90%/yr vs 11.19%/yr for F100.AX. At a 0.02 correlation, their price movements are largely independent. AAA.AX charges 0.18%/yr vs 0.45%/yr for F100.AX.
Performance
AAA.AX vs. F100.AX - Performance Comparison
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Returns By Period
In the year-to-date period, AAA.AX achieves a 1.62% return, which is significantly lower than F100.AX's 2.19% return.
AAA.AX
- 1D
- 0.02%
- 1M
- 0.39%
- 6M
- 1.45%
- YTD
- 1.62%
- 1Y
- 3.07%
- 3Y*
- 3.74%
- 5Y*
- 2.90%
- 10Y*
- 2.13%
F100.AX
- 1D
- 0.40%
- 1M
- 2.19%
- 6M
- 0.99%
- YTD
- 2.19%
- 1Y
- 11.24%
- 3Y*
- 14.98%
- 5Y*
- 11.19%
- 10Y*
- —
AAA.AX vs. F100.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AAA.AX BetaShares Australian High Interest Cash ETF | 1.62% | 3.76% | 3.87% | 3.75% | 1.38% | 0.35% | 0.74% | 0.65% |
F100.AX Betashares FTSE 100 ETF | 2.19% | 25.77% | 14.12% | 11.00% | -1.20% | 21.76% | -16.05% | 7.82% |
Correlation
The correlation between AAA.AX and F100.AX is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2019 | 0.02 |
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Return for Risk
AAA.AX vs. F100.AX — Risk / Return Rank
AAA.AX
F100.AX
AAA.AX vs. F100.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaShares Australian High Interest Cash ETF (AAA.AX) and Betashares FTSE 100 ETF (F100.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.
| AAA.AX | F100.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.12 | ||
| Sortino ratioReturn per unit of downside risk | +3.90 | ||
| Omega ratioGain probability vs. loss probability | 2.81 | 1.17 | +1.63 |
| Calmar ratioReturn relative to maximum drawdown | 9.37 | 1.23 | +8.14 |
| Martin ratioReturn relative to average drawdown | 30.00 | 3.70 | +26.30 |
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Drawdowns
AAA.AX vs. F100.AX - Drawdown Comparison
The maximum AAA.AX drawdown since its inception was -0.36%, smaller than the maximum F100.AX drawdown of -31.78%. Use the drawdown chart below to compare losses from any high point for AAA.AX and F100.AX.
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Drawdown Indicators
| AAA.AX | F100.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.36% | -31.78% | +31.42% |
Max Drawdown (1Y)Largest decline over 1 year | -0.32% | -8.92% | +8.60% |
Max Drawdown (3Y)Largest decline over 3 years | -0.32% | -8.92% | +8.60% |
Max Drawdown (5Y)Largest decline over 5 years | -0.32% | -19.00% | +18.68% |
Max Drawdown (10Y)Largest decline over 10 years | -0.32% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.05% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -5.90% | +5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 3.00% | -2.90% |
Volatility
AAA.AX vs. F100.AX - Volatility Comparison
The current volatility for BetaShares Australian High Interest Cash ETF (AAA.AX) is 0.09%, while Betashares FTSE 100 ETF (F100.AX) has a volatility of 3.07%. This indicates that AAA.AX experiences smaller price fluctuations and is considered to be less risky than F100.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAA.AX | F100.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 3.07% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 0.65% | 9.63% | -8.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.73% | 11.45% | -10.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.50% | 12.72% | -12.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.48% | 14.90% | -14.42% |
AAA.AX vs. F100.AX - Expense Ratio Comparison
AAA.AX has a 0.18% expense ratio, which is lower than F100.AX's 0.45% expense ratio.
Dividends
AAA.AX vs. F100.AX - Dividend Comparison
AAA.AX's dividend yield for the trailing twelve months is around 3.06%, more than F100.AX's 2.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
F100.AX Betashares FTSE 100 ETF | 2.24% | 3.09% | 1.91% | 1.57% | 1.62% | 2.13% | 2.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAA.AX and F100.AX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AAA.AX is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAA.AX is cheaper with a 0.18% expense ratio, compared with 0.45% for F100.AX.
AAA.AX is categorized as Money Market, while F100.AX is Global Equities. Their fees differ too: 0.18% for AAA.AX and 0.45% for F100.AX.
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