ARMR.AX vs. SSO
Compare and contrast key facts about Betashares Global Defence ETF (ARMR.AX) and ProShares Ultra S&P500 (SSO).
ARMR.AX and SSO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARMR.AX is a passively managed fund by BetaShares that tracks the performance of the VettaFi Global Defence Leaders Index. It was launched on Oct 2, 2024. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500. It was launched on Jun 19, 2006. Both ARMR.AX and SSO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ARMR.AX vs. SSO - Performance Comparison
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ARMR.AX vs. SSO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | 0.05% | 47.73% | 12.11% |
SSO ProShares Ultra S&P500 | -13.32% | 17.03% | 13.47% |
Different Trading Currencies
ARMR.AX is traded in AUD, while SSO is traded in USD. To make them comparable, the SSO 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 0.05% return, which is significantly higher than SSO's -13.32% return.
ARMR.AX
- 1D
- -2.46%
- 1M
- -6.54%
- YTD
- 0.05%
- 6M
- -4.34%
- 1Y
- 28.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SSO
- 1D
- 4.80%
- 1M
- -7.71%
- YTD
- -13.32%
- 6M
- -11.10%
- 1Y
- 14.20%
- 3Y*
- 26.86%
- 5Y*
- 17.60%
- 10Y*
- 22.34%
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ARMR.AX vs. SSO - Expense Ratio Comparison
ARMR.AX has a 0.55% expense ratio, which is lower than SSO's 0.87% expense ratio.
Return for Risk
ARMR.AX vs. SSO — Risk / Return Rank
ARMR.AX
SSO
ARMR.AX vs. SSO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Global Defence ETF (ARMR.AX) and ProShares Ultra S&P500 (SSO). 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 | SSO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.44 | +0.73 |
Sortino ratioReturn per unit of downside risk | 1.68 | 0.83 | +0.86 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.13 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 0.79 | +1.06 |
Martin ratioReturn relative to average drawdown | 4.89 | 2.48 | +2.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARMR.AX | SSO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.44 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.60 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.78 | 0.43 | +1.35 |
Correlation
The correlation between ARMR.AX and SSO is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ARMR.AX vs. SSO - Dividend Comparison
ARMR.AX's dividend yield for the trailing twelve months is around 2.31%, more than SSO's 0.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | 2.31% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSO ProShares Ultra S&P500 | 0.82% | 0.68% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% |
Drawdowns
ARMR.AX vs. SSO - Drawdown Comparison
The maximum ARMR.AX drawdown since its inception was -14.86%, smaller than the maximum SSO drawdown of -79.59%. Use the drawdown chart below to compare losses from any high point for ARMR.AX and SSO.
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Drawdown Indicators
| ARMR.AX | SSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.86% | -84.67% | +69.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.86% | -23.17% | +8.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.34% | — |
Current DrawdownCurrent decline from peak | -14.86% | -13.46% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -19.72% | +16.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 5.38% | +0.23% |
Volatility
ARMR.AX vs. SSO - Volatility Comparison
The current volatility for Betashares Global Defence ETF (ARMR.AX) is 7.24%, while ProShares Ultra S&P500 (SSO) has a volatility of 8.78%. This indicates that ARMR.AX experiences smaller price fluctuations and is considered to be less risky than SSO 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 | SSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 8.78% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 16.18% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.05% | 32.74% | -8.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 29.66% | -6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.77% | 32.82% | -10.05% |