ARMR.AX vs. QPON.AX
ARMR.AX (Betashares Global Defence ETF) and QPON.AX (BetaShares Australian Bank Senior Floating Rate Bond ETF) are both exchange-traded funds - ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index, while QPON.AX is a Total Bond Market fund tracking the BetaShares Australian Bank Senior Floating Rate Bond Index. Both are passively managed. Over the past year, ARMR.AX returned -3.36% vs 3.88% for QPON.AX. At a 0.07 correlation, their price movements are largely independent.
Performance
ARMR.AX vs. QPON.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 QPON.AX's 2.30% return.
ARMR.AX
- 1D
- 0.45%
- 1M
- -3.73%
- 6M
- -19.26%
- YTD
- -6.62%
- 1Y
- -3.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QPON.AX
- 1D
- 0.08%
- 1M
- 0.48%
- 6M
- 1.98%
- YTD
- 2.30%
- 1Y
- 3.88%
- 3Y*
- 4.75%
- 5Y*
- 3.50%
- 10Y*
- —
ARMR.AX vs. QPON.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | -6.62% | 47.73% | 12.11% |
QPON.AX BetaShares Australian Bank Senior Floating Rate Bond ETF | 2.30% | 4.36% | 1.35% |
Correlation
The correlation between ARMR.AX and QPON.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 | 0.07 |
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Return for Risk
ARMR.AX vs. QPON.AX — Risk / Return Rank
ARMR.AX
QPON.AX
ARMR.AX vs. QPON.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 Bank Senior Floating Rate Bond ETF (QPON.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 | QPON.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -4.35 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.78 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 6.98 | -7.06 |
| Martin ratioReturn relative to average drawdown | -0.18 | 21.45 | -21.64 |
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Drawdowns
ARMR.AX vs. QPON.AX - Drawdown Comparison
The maximum ARMR.AX drawdown since its inception was -22.93%, which is greater than QPON.AX's maximum drawdown of -4.05%. Use the drawdown chart below to compare losses from any high point for ARMR.AX and QPON.AX.
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Drawdown Indicators
| ARMR.AX | QPON.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -4.05% | -18.88% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -0.53% | -22.40% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.96% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.92% | — |
Current DrawdownCurrent decline from peak | -20.43% | 0.00% | -20.43% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -0.22% | -5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.96% | 0.18% | +10.78% |
Volatility
ARMR.AX vs. QPON.AX - Volatility Comparison
Betashares Global Defence ETF (ARMR.AX) has a higher volatility of 8.91% compared to BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON.AX) at 0.22%. This indicates that ARMR.AX's price experiences larger fluctuations and is considered to be riskier than QPON.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 | QPON.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 0.22% | +8.69% |
Volatility (6M)Calculated over the trailing 6-month period | 19.25% | 0.81% | +18.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 1.18% | +22.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.54% | 1.33% | +22.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.54% | 1.59% | +21.95% |
Dividends
ARMR.AX vs. QPON.AX - Dividend Comparison
ARMR.AX's dividend yield for the trailing twelve months is around 2.08%, less than QPON.AX's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
QPON.AX BetaShares Australian Bank Senior Floating Rate Bond ETF | 2.88% | 3.83% | 4.65% | 3.69% | 1.69% | 0.93% | 0.99% | 2.22% | 2.43% | 1.14% |
Frequently Asked Questions
ARMR.AX and QPON.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 QPON.AX is Total Bond Market. ARMR.AX tracks VettaFi Global Defence Leaders Index, while QPON.AX tracks BetaShares Australian Bank Senior Floating Rate Bond Index.
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