ARMR.AX vs. LCUK.L
ARMR.AX (Betashares Global Defence ETF) and LCUK.L (Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist) are both exchange-traded funds - ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index, while LCUK.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past year, ARMR.AX returned -3.36% vs 12.95% for LCUK.L. At a 0.10 correlation, their price movements are largely independent. ARMR.AX charges 0.55%/yr vs 0.04%/yr for LCUK.L.
Performance
ARMR.AX vs. LCUK.L - Performance Comparison
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Different Trading Currencies
ARMR.AX is traded in AUD, while LCUK.L is traded in GBP. To make them comparable, the LCUK.L values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ARMR.AX achieves a -6.62% return, which is significantly lower than LCUK.L's 3.09% return.
ARMR.AX
- 1D
- 0.45%
- 1M
- -3.73%
- 6M
- -19.26%
- YTD
- -6.62%
- 1Y
- -3.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LCUK.L
- 1D
- 0.81%
- 1M
- 2.68%
- 6M
- 0.67%
- YTD
- 3.09%
- 1Y
- 12.95%
- 3Y*
- 16.36%
- 5Y*
- 12.12%
- 10Y*
- —
ARMR.AX vs. LCUK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | -6.62% | 47.73% | 12.11% |
LCUK.L Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist | 3.09% | 24.51% | 4.68% |
Correlation
The correlation between ARMR.AX and LCUK.L 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 | 0.10 |
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Return for Risk
ARMR.AX vs. LCUK.L — Risk / Return Rank
ARMR.AX
LCUK.L
ARMR.AX vs. LCUK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Global Defence ETF (ARMR.AX) and Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.L). 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 | LCUK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.20 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 1.45 | -1.54 |
| Martin ratioReturn relative to average drawdown | -0.18 | 4.24 | -4.42 |
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Drawdowns
ARMR.AX vs. LCUK.L - Drawdown Comparison
The maximum ARMR.AX drawdown since its inception was -22.93%, smaller than the maximum LCUK.L drawdown of -32.77%. Use the drawdown chart below to compare losses from any high point for ARMR.AX and LCUK.L.
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Drawdown Indicators
| ARMR.AX | LCUK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -32.77% | +9.84% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -8.87% | -14.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.02% | — |
Current DrawdownCurrent decline from peak | -20.43% | -1.23% | -19.20% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -5.69% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.96% | 3.05% | +7.91% |
Volatility
ARMR.AX vs. LCUK.L - Volatility Comparison
Betashares Global Defence ETF (ARMR.AX) has a higher volatility of 8.91% compared to Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.L) at 3.79%. This indicates that ARMR.AX's price experiences larger fluctuations and is considered to be riskier than LCUK.L 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 | LCUK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 3.79% | +5.12% |
Volatility (6M)Calculated over the trailing 6-month period | 19.25% | 9.51% | +9.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 11.72% | +12.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.54% | 13.57% | +9.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.54% | 15.52% | +8.02% |
ARMR.AX vs. LCUK.L - Expense Ratio Comparison
ARMR.AX has a 0.55% expense ratio, which is higher than LCUK.L's 0.04% expense ratio.
Dividends
ARMR.AX vs. LCUK.L - Dividend Comparison
ARMR.AX's dividend yield for the trailing twelve months is around 2.08%, less than LCUK.L's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | 2.08% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LCUK.L Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist | 2.83% | 3.04% | 3.68% | 3.05% | 3.93% | 3.87% | 2.99% | 3.48% |
Frequently Asked Questions
ARMR.AX and LCUK.L 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.
On fees, LCUK.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCUK.L is cheaper with a 0.04% expense ratio, compared with 0.55% for ARMR.AX.
ARMR.AX is categorized as Aerospace & Defense, while LCUK.L is Europe Equities. ARMR.AX tracks VettaFi Global Defence Leaders Index, while LCUK.L tracks FTSE AllSh TR GBP. They also come from different issuers: BetaShares and Amundi. Their fees differ too: 0.55% for ARMR.AX and 0.04% for LCUK.L.
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