ARMR.AX vs. QOZ.AX

Last updated Jun 5, 2026

ARMR.AX (Betashares Global Defence ETF) and QOZ.AX (BetaShares FTSE RAFI Australia 200 ETF) are both exchange-traded funds - ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index, while QOZ.AX is a Large Cap Value Equities fund tracking the FTSE RAFI Australia 200 Index. Both are passively managed. Over the past year, ARMR.AX returned 3.43% vs 17.57% for QOZ.AX. At a 0.19 correlation, their price movements are largely independent. ARMR.AX charges 0.55%/yr vs 0.40%/yr for QOZ.AX.

Performance

ARMR.AX vs. QOZ.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 FTSE RAFI Australia 200 ETF (QOZ.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARMR.AX achieves a -4.35% return, which is significantly lower than QOZ.AX's 5.37% return.

ARMR.AX

• 1D: -1.30%
• 1M: -2.08%
• YTD: -4.35%
• 6M: -0.46%
• 1Y: 3.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QOZ.AX

• 1D: -0.63%
• 1M: 1.28%
• YTD: 5.37%
• 6M: 7.35%
• 1Y: 17.57%
• 3Y*: 14.42%
• 5Y*: 10.25%
• 10Y*: 10.57%

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

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

	2026 (YTD)	2025	2024
ARMR.AX Betashares Global Defence ETF	-4.35%	47.73%	12.11%
QOZ.AX BetaShares FTSE RAFI Australia 200 ETF	5.37%	16.94%	-0.18%

Correlation

The correlation between ARMR.AX and QOZ.AX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Oct 7, 2024	0.19

Return for Risk

ARMR.AX vs. QOZ.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: 11
ARMR.AX Sharpe Ratio Rank: 11
ARMR.AX Sortino Ratio Rank: 12
ARMR.AX Omega Ratio Rank: 11
ARMR.AX Calmar Ratio Rank: 11
ARMR.AX Martin Ratio Rank: 11

QOZ.AX

QOZ.AX Risk / Return Rank: 41
QOZ.AX Sharpe Ratio Rank: 43
QOZ.AX Sortino Ratio Rank: 42
QOZ.AX Omega Ratio Rank: 42
QOZ.AX Calmar Ratio Rank: 42
QOZ.AX Martin Ratio Rank: 37

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. QOZ.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Betashares Global Defence ETF (ARMR.AX) and BetaShares FTSE RAFI Australia 200 ETF (QOZ.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.

	ARMR.AX	QOZ.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.15	1.48	-1.34
Sortino ratio: Return per unit of downside risk	0.38	2.08	-1.70
Omega ratio: Gain probability vs. loss probability	1.04	1.27	-0.22
Calmar ratio: Return relative to maximum drawdown	0.15	2.03	-1.87
Martin ratio: Return relative to average drawdown	0.39	5.66	-5.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current ARMR.AX Sharpe Ratio is 0.15, which is lower than the QOZ.AX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of ARMR.AX and QOZ.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.

Sharpe Ratios by Period

	ARMR.AX	QOZ.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.15	1.48	-1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	0.67	+0.73

Drawdowns

ARMR.AX vs. QOZ.AX - Drawdown Comparison

The maximum ARMR.AX drawdown since its inception was -22.10%, smaller than the maximum QOZ.AX drawdown of -37.05%. Use the drawdown chart below to compare losses from any high point for ARMR.AX and QOZ.AX.

Drawdown Indicators

	ARMR.AX	QOZ.AX	Difference
Max Drawdown Largest peak-to-trough decline	-22.10%	-37.05%	+14.95%
Max Drawdown (1Y) Largest decline over 1 year	-22.10%	-8.60%	-13.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.05%	—
Current Drawdown Current decline from peak	-18.60%	-4.80%	-13.80%
Average Drawdown Average peak-to-trough decline	-4.60%	-4.29%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.83%	3.09%	+5.74%

Volatility

ARMR.AX vs. QOZ.AX - Volatility Comparison

Betashares Global Defence ETF (ARMR.AX) has a higher volatility of 6.74% compared to BetaShares FTSE RAFI Australia 200 ETF (QOZ.AX) at 3.37%. This indicates that ARMR.AX's price experiences larger fluctuations and is considered to be riskier than QOZ.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARMR.AX	QOZ.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	3.37%	+3.37%
Volatility (6M) Calculated over the trailing 6-month period	18.79%	9.30%	+9.49%
Volatility (1Y) Calculated over the trailing 1-year period	23.12%	11.75%	+11.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.91%	12.74%	+10.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.91%	14.70%	+8.21%

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

ARMR.AX has a 0.55% expense ratio, which is higher than QOZ.AX's 0.40% expense ratio.

Dividends

ARMR.AX vs. QOZ.AX - Dividend Comparison

ARMR.AX's dividend yield for the trailing twelve months is around 2.42%, less than QOZ.AX's 3.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARMR.AX Betashares Global Defence ETF	2.42%	2.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QOZ.AX BetaShares FTSE RAFI Australia 200 ETF	3.63%	3.88%	4.58%	5.27%	7.24%	3.96%	3.30%	6.45%	6.59%	3.09%	5.46%	8.44%

Frequently Asked Questions

Can I hold both ARMR.AX and QOZ.AX in my portfolio?

ARMR.AX and QOZ.AX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARMR.AX or QOZ.AX?

On fees, QOZ.AX is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMR.AX or QOZ.AX?

QOZ.AX is cheaper with a 0.40% expense ratio, compared with 0.55% for ARMR.AX.

What is the main difference between ARMR.AX and QOZ.AX?

ARMR.AX is categorized as Aerospace & Defense, while QOZ.AX is Large Cap Value Equities. ARMR.AX tracks VettaFi Global Defence Leaders Index, while QOZ.AX tracks FTSE RAFI Australia 200 Index. Their fees differ too: 0.55% for ARMR.AX and 0.40% for QOZ.AX.