ARMR.AX vs. GEAR.AX
ARMR.AX (Betashares Global Defence ETF) and GEAR.AX (Betashares Geared Australian Equities Complex ETF) are both exchange-traded funds - ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index, while GEAR.AX is a Global Equities fund actively managed by BetaShares. ARMR.AX is passively managed, while GEAR.AX is actively managed. Over the past year, ARMR.AX returned -3.36% vs 3.78% for GEAR.AX. At a 0.25 correlation, their price movements are largely independent.
Performance
ARMR.AX vs. GEAR.AX - Performance Comparison
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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 GEAR.AX's 1.29% return.
ARMR.AX
- 1D
- 0.45%
- 1M
- -3.73%
- 6M
- -19.26%
- YTD
- -6.62%
- 1Y
- -3.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEAR.AX
- 1D
- 0.08%
- 1M
- -2.32%
- 6M
- 0.16%
- YTD
- 1.29%
- 1Y
- 3.78%
- 3Y*
- 13.69%
- 5Y*
- 8.25%
- 10Y*
- 10.21%
ARMR.AX vs. GEAR.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | -6.62% | 47.73% | 12.11% |
GEAR.AX Betashares Geared Australian Equities Complex ETF | 1.29% | 15.80% | -2.14% |
Correlation
The correlation between ARMR.AX and GEAR.AX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2024 | 0.25 |
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Return for Risk
ARMR.AX vs. GEAR.AX — Risk / Return Rank
ARMR.AX
GEAR.AX
ARMR.AX vs. GEAR.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Global Defence ETF (ARMR.AX) and Betashares Geared Australian Equities Complex ETF (GEAR.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.AX | GEAR.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.06 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 0.31 | -0.39 |
| Martin ratioReturn relative to average drawdown | -0.18 | 0.66 | -0.85 |
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Drawdowns
ARMR.AX vs. GEAR.AX - Drawdown Comparison
The maximum ARMR.AX drawdown since its inception was -22.93%, smaller than the maximum GEAR.AX drawdown of -66.50%. Use the drawdown chart below to compare losses from any high point for ARMR.AX and GEAR.AX.
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Drawdown Indicators
| ARMR.AX | GEAR.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -66.50% | +43.57% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -17.82% | -5.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.50% | — |
Current DrawdownCurrent decline from peak | -20.43% | -8.41% | -12.02% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -12.21% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.96% | 8.40% | +2.56% |
Volatility
ARMR.AX vs. GEAR.AX - Volatility Comparison
Betashares Global Defence ETF (ARMR.AX) has a higher volatility of 8.91% compared to Betashares Geared Australian Equities Complex ETF (GEAR.AX) at 5.08%. This indicates that ARMR.AX's price experiences larger fluctuations and is considered to be riskier than GEAR.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.AX | GEAR.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 5.08% | +3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 19.25% | 21.27% | -2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 25.91% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.54% | 29.72% | -6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.54% | 32.91% | -9.37% |
Dividends
ARMR.AX vs. GEAR.AX - Dividend Comparison
ARMR.AX's dividend yield for the trailing twelve months is around 2.08%, more than GEAR.AX's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GEAR.AX Betashares Geared Australian Equities Complex ETF | 0.57% | 1.39% | 0.26% | 0.92% | 8.66% | 3.72% | 5.62% | 6.55% | 2.90% | 1.64% | 1.57% | 1.74% |
Frequently Asked Questions
ARMR.AX and GEAR.AX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARMR.AX is categorized as Aerospace & Defense, while GEAR.AX is Global Equities.
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