AGVT.AX vs. F100.AX

Last updated Jul 18, 2026

AGVT.AX (BetaShares Australian Government Bond ETF) and F100.AX (Betashares FTSE 100 ETF) are both exchange-traded funds - AGVT.AX is a Government Bonds fund tracking the Solactive Australian Government 7 - 12 Year AUD TR Index, while F100.AX is a Global Equities fund tracking the FTSE 100 Index. Both are passively managed. Over the past 5 years, AGVT.AX returned -1.75%/yr vs 11.19%/yr for F100.AX. At a 0.07 correlation, their price movements are largely independent. AGVT.AX charges 0.22%/yr vs 0.45%/yr for F100.AX.

Performance

AGVT.AX vs. F100.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares Australian Government Bond ETF (AGVT.AX) and Betashares FTSE 100 ETF (F100.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGVT.AX achieves a 1.42% return, which is significantly lower than F100.AX's 2.19% return.

AGVT.AX

• 1D: -0.02%
• 1M: -0.42%
• 6M: 0.55%
• YTD: 1.42%
• 1Y: 0.49%
• 3Y*: 2.88%
• 5Y*: -1.75%
• 10Y*: —

F100.AX

• 1D: 0.40%
• 1M: 2.19%
• 6M: 0.99%
• YTD: 2.19%
• 1Y: 11.24%
• 3Y*: 14.98%
• 5Y*: 11.19%
• 10Y*: —

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

AGVT.AX vs. F100.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AGVT.AX BetaShares Australian Government Bond ETF	1.42%	2.82%	1.31%	5.73%	-15.36%	-4.41%	6.34%	0.36%
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 AGVT.AX and F100.AX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jul 12, 2019	0.07

Over the past year, AGVT.AX and F100.AX have become more correlated (0.29) than their long-term average of 0.07, meaning their price movements have been converging.

Return for Risk

AGVT.AX vs. F100.AX — Risk / Return Rank

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

AGVT.AX

AGVT.AX Risk / Return Rank: 11
AGVT.AX Sharpe Ratio Rank: 12
AGVT.AX Sortino Ratio Rank: 11
AGVT.AX Omega Ratio Rank: 10
AGVT.AX Calmar Ratio Rank: 11
AGVT.AX Martin Ratio Rank: 11

F100.AX

F100.AX Risk / Return Rank: 33
F100.AX Sharpe Ratio Rank: 35
F100.AX Sortino Ratio Rank: 35
F100.AX Omega Ratio Rank: 32
F100.AX Calmar Ratio Rank: 32
F100.AX Martin Ratio Rank: 33

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.

AGVT.AX vs. F100.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares Australian Government Bond ETF (AGVT.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.

	AGVT.AX	F100.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.10	0.96	-0.87
Sortino ratio: Return per unit of downside risk	0.17	1.44	-1.27
Omega ratio: Gain probability vs. loss probability	1.02	1.17	-0.15
Calmar ratio: Return relative to maximum drawdown	0.08	1.23	-1.15
Martin ratio: Return relative to average drawdown	0.16	3.70	-3.54

AGVT.AX vs. F100.AX - Sharpe Ratio Comparison

The current AGVT.AX Sharpe Ratio is 0.10, which is lower than the F100.AX Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of AGVT.AX and F100.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGVT.AX vs. F100.AX - Drawdown Comparison

The maximum AGVT.AX drawdown since its inception was -22.88%, smaller than the maximum F100.AX drawdown of -31.78%. Use the drawdown chart below to compare losses from any high point for AGVT.AX and F100.AX.

Drawdown Indicators

	AGVT.AX	F100.AX	Difference
Max Drawdown Largest peak-to-trough decline	-22.88%	-31.78%	+8.90%
Max Drawdown (1Y) Largest decline over 1 year	-6.03%	-8.92%	+2.89%
Max Drawdown (3Y) Largest decline over 3 years	-6.54%	-8.92%	+2.38%
Max Drawdown (5Y) Largest decline over 5 years	-22.12%	-19.00%	-3.12%
Current Drawdown Current decline from peak	-10.95%	-1.05%	-9.90%
Average Drawdown Average peak-to-trough decline	-10.52%	-5.90%	-4.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	3.00%	+0.07%

Volatility

AGVT.AX vs. F100.AX - Volatility Comparison

The current volatility for BetaShares Australian Government Bond ETF (AGVT.AX) is 1.18%, while Betashares FTSE 100 ETF (F100.AX) has a volatility of 3.07%. This indicates that AGVT.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.

Volatility by Period

	AGVT.AX	F100.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	3.07%	-1.89%
Volatility (6M) Calculated over the trailing 6-month period	4.07%	9.63%	-5.56%
Volatility (1Y) Calculated over the trailing 1-year period	4.95%	11.45%	-6.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.47%	12.72%	-5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.23%	14.90%	-7.67%

AGVT.AX vs. F100.AX - Expense Ratio Comparison

AGVT.AX has a 0.22% expense ratio, which is lower than F100.AX's 0.45% expense ratio.

Dividends

AGVT.AX vs. F100.AX - Dividend Comparison

AGVT.AX's dividend yield for the trailing twelve months is around 3.37%, more than F100.AX's 2.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AGVT.AX BetaShares Australian Government Bond ETF	3.37%	3.76%	2.93%	2.94%	2.29%	1.08%	1.06%	0.49%
F100.AX Betashares FTSE 100 ETF	2.24%	3.09%	1.91%	1.57%	1.62%	2.13%	2.40%	0.00%

Frequently Asked Questions

Can I hold both AGVT.AX and F100.AX in my portfolio?

AGVT.AX and F100.AX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AGVT.AX or F100.AX?

On fees, AGVT.AX is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AGVT.AX or F100.AX?

AGVT.AX is cheaper with a 0.22% expense ratio, compared with 0.45% for F100.AX.

What is the main difference between AGVT.AX and F100.AX?

AGVT.AX is categorized as Government Bonds, while F100.AX is Global Equities. AGVT.AX tracks Solactive Australian Government 7 - 12 Year AUD TR Index, while F100.AX tracks FTSE 100 Index. Their fees differ too: 0.22% for AGVT.AX and 0.45% for F100.AX.