ARMR.AX vs. HBRD.AX
ARMR.AX (Betashares Global Defence ETF) and HBRD.AX (Betashares Australian Credit Income Active ETF) are both exchange-traded funds - ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index, while HBRD.AX is a Corporate Bonds fund actively managed by BetaShares. ARMR.AX is passively managed, while HBRD.AX is actively managed. Over the past year, ARMR.AX returned -3.36% vs 3.94% for HBRD.AX. At a correlation of -0.00, they often move in opposite directions.
Performance
ARMR.AX vs. HBRD.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 HBRD.AX's 1.65% return.
ARMR.AX
- 1D
- 0.45%
- 1M
- -3.73%
- 6M
- -19.26%
- YTD
- -6.62%
- 1Y
- -3.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBRD.AX
- 1D
- 0.00%
- 1M
- 0.60%
- 6M
- 1.59%
- YTD
- 1.65%
- 1Y
- 3.94%
- 3Y*
- 5.18%
- 5Y*
- 3.90%
- 10Y*
- —
ARMR.AX vs. HBRD.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | -6.62% | 47.73% | 12.11% |
HBRD.AX Betashares Australian Credit Income Active ETF | 1.65% | 4.39% | 1.35% |
Correlation
The correlation between ARMR.AX and HBRD.AX is -0.05, 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 | -0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2024 | -0.00 |
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Return for Risk
ARMR.AX vs. HBRD.AX — Risk / Return Rank
ARMR.AX
HBRD.AX
ARMR.AX vs. HBRD.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 Credit Income Active ETF (HBRD.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 | HBRD.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.22 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.54 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 5.43 | -5.51 |
| Martin ratioReturn relative to average drawdown | -0.18 | 15.99 | -16.18 |
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Drawdowns
ARMR.AX vs. HBRD.AX - Drawdown Comparison
The maximum ARMR.AX drawdown since its inception was -22.93%, which is greater than HBRD.AX's maximum drawdown of -15.60%. Use the drawdown chart below to compare losses from any high point for ARMR.AX and HBRD.AX.
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Drawdown Indicators
| ARMR.AX | HBRD.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -15.60% | -7.33% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -0.69% | -22.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.02% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.65% | — |
Current DrawdownCurrent decline from peak | -20.43% | 0.00% | -20.43% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -0.51% | -5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.96% | 0.24% | +10.72% |
Volatility
ARMR.AX vs. HBRD.AX - Volatility Comparison
Betashares Global Defence ETF (ARMR.AX) has a higher volatility of 8.91% compared to Betashares Australian Credit Income Active ETF (HBRD.AX) at 0.33%. This indicates that ARMR.AX's price experiences larger fluctuations and is considered to be riskier than HBRD.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 | HBRD.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 0.33% | +8.58% |
Volatility (6M)Calculated over the trailing 6-month period | 19.25% | 1.21% | +18.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 1.68% | +22.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.54% | 2.29% | +21.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.54% | 4.34% | +19.20% |
Dividends
ARMR.AX vs. HBRD.AX - Dividend Comparison
ARMR.AX's dividend yield for the trailing twelve months is around 2.08%, less than HBRD.AX's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | 2.08% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HBRD.AX Betashares Australian Credit Income Active ETF | 4.07% | 4.98% | 4.85% | 4.78% | 2.83% | 2.48% | 2.85% | 3.45% | 3.56% |
Frequently Asked Questions
ARMR.AX and HBRD.AX have a correlation of -0.05, 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 HBRD.AX is Corporate Bonds.
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