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ARMR.AX vs. AAA.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ARMR.AX vs. AAA.AX

Last updated Jul 16, 2026
Documentation

ARMR.AX (Betashares Global Defence ETF) and AAA.AX (BetaShares Australian High Interest Cash ETF) are both exchange-traded funds - ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index, while AAA.AX is a Money Market fund actively managed by BetaShares. ARMR.AX is passively managed, while AAA.AX is actively managed. Over the past year, ARMR.AX returned -3.36% vs 3.09% for AAA.AX. At a 0.04 correlation, their price movements are largely independent. ARMR.AX charges 0.55%/yr vs 0.18%/yr for AAA.AX.

Performance

ARMR.AX vs. AAA.AX - Performance Comparison

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

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Returns By Period

In the year-to-date period, ARMR.AX achieves a -6.62% return, which is significantly lower than AAA.AX's 1.60% return.

ARMR.AX

1D
0.45%
1M
-3.73%
6M
-19.26%
YTD
-6.62%
1Y
-3.36%
3Y*
—
5Y*
—
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
ARMR.AX
Betashares Global Defence ETF		-6.62%47.73%12.11%
AAA.AX
BetaShares Australian High Interest Cash ETF		1.60%3.76%1.07%

Correlation

The correlation between ARMR.AX and AAA.AX is 0.03, 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

0.03

Correlation (All Time)
Calculated using the full available price history since Oct 4, 2024

0.04

Compare stocks, funds, or ETFs

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Betashares Global Defence ETF

BetaShares Australian High Interest Cash ETF

Often compared with ARMR.AX:
ARMR.AX vs. DFNS.LARMR.AX vs. DFENARMR.AX vs. DFEN.DEARMR.AX vs. DHHF.AXARMR.AX vs. BOTZARMR.AX vs. VWRD.LARMR.AX vs. SMH

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ARMR.AX
ARMR.AX Risk / Return Rank: 88
Overall Rank
ARMR.AX Sharpe Ratio Rank: 88
Sharpe Ratio Rank
ARMR.AX Sortino Ratio Rank: 88
Sortino Ratio Rank
ARMR.AX Omega Ratio Rank: 88
Omega Ratio Rank
ARMR.AX Calmar Ratio Rank: 88
Calmar Ratio Rank
ARMR.AX Martin Ratio Rank: 88
Martin Ratio Rank
AAA.AX
AAA.AX Risk / Return Rank: 9898
Overall Rank
AAA.AX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
AAA.AX Sortino Ratio Rank: 9797
Sortino Ratio Rank
AAA.AX Omega Ratio Rank: 9999
Omega Ratio Rank
AAA.AX Calmar Ratio Rank: 9898
Calmar Ratio Rank
AAA.AX Martin Ratio Rank: 9797
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Betashares Global Defence ETF (ARMR.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.

ARMR.AXAAA.AXDifference
Sharpe ratioReturn per unit of total volatility
-0.08
4.11

-4.19

Sortino ratioReturn per unit of downside risk
0.05
5.38

-5.33

Omega ratioGain probability vs. loss probability

1.01

2.82

-1.81

Calmar ratioReturn relative to maximum drawdown

-0.09

9.43

-9.52

Martin ratioReturn relative to average drawdown

-0.18

30.20

-30.38

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

The current ARMR.AX Sharpe Ratio is -0.08, which is lower than the AAA.AX Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of ARMR.AX and AAA.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.

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Drawdowns

ARMR.AX vs. AAA.AX - Drawdown Comparison

The maximum ARMR.AX drawdown since its inception was -22.93%, 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 ARMR.AX and AAA.AX.

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Drawdown Indicators

ARMR.AXAAA.AXDifference

Max Drawdown

Largest peak-to-trough decline

-22.93%

-0.36%

-22.57%

Max Drawdown (1Y)

Largest decline over 1 year

-22.93%

-0.32%

-22.61%

Max Drawdown (3Y)

Largest decline over 3 years

—

-0.32%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-0.32%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-0.32%

—

Current Drawdown

Current decline from peak

-20.43%

0.00%

-20.43%

Average Drawdown

Average peak-to-trough decline

-5.62%

-0.06%

-5.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.96%

0.10%

+10.86%

Volatility

ARMR.AX vs. AAA.AX - Volatility Comparison

Betashares Global Defence ETF (ARMR.AX) has a higher volatility of 8.91% compared to BetaShares Australian High Interest Cash ETF (AAA.AX) at 0.10%. This indicates that ARMR.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

ARMR.AXAAA.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.91%

0.10%

+8.81%

Volatility (6M)

Calculated over the trailing 6-month period

19.25%

0.65%

+18.60%

Volatility (1Y)

Calculated over the trailing 1-year period

23.85%

0.73%

+23.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.54%

0.50%

+23.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.54%

0.48%

+23.06%

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

ARMR.AX has a 0.55% expense ratio, which is higher than AAA.AX's 0.18% expense ratio.

Dividends

ARMR.AX vs. AAA.AX - Dividend Comparison

ARMR.AX's dividend yield for the trailing twelve months is around 2.08%, less than AAA.AX's 3.06% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
ARMR.AX
Betashares Global Defence ETF		2.08%2.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ARMR.AX and AAA.AX have a correlation of 0.03, 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 0.55% for ARMR.AX.

ARMR.AX is categorized as Aerospace & Defense, while AAA.AX is Money Market. Their fees differ too: 0.55% for ARMR.AX and 0.18% for AAA.AX.

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