ARMR.AX vs. UMAX.AX
ARMR.AX (Betashares Global Defence ETF) and UMAX.AX (Betashares S&P 500 Yield Maximiser Complex ETF) are both exchange-traded funds - ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index, while UMAX.AX is a Global Equities fund actively managed by BetaShares. ARMR.AX is passively managed, while UMAX.AX is actively managed. Over the past year, ARMR.AX returned -4.94% vs 6.66% for UMAX.AX. At a 0.26 correlation, their price movements are largely independent.
Performance
ARMR.AX vs. UMAX.AX - Performance Comparison
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Returns By Period
In the year-to-date period, ARMR.AX achieves a -8.03% return, which is significantly lower than UMAX.AX's -0.54% return.
ARMR.AX
- 1D
- -0.58%
- 1M
- -5.34%
- 6M
- -21.50%
- YTD
- -8.03%
- 1Y
- -4.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UMAX.AX
- 1D
- -1.20%
- 1M
- 0.97%
- 6M
- -0.36%
- YTD
- -0.54%
- 1Y
- 6.66%
- 3Y*
- 11.88%
- 5Y*
- 9.47%
- 10Y*
- 9.53%
ARMR.AX vs. UMAX.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | -8.03% | 47.73% | 12.11% |
UMAX.AX Betashares S&P 500 Yield Maximiser Complex ETF | -0.54% | 4.00% | 15.37% |
Correlation
The correlation between ARMR.AX and UMAX.AX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2024 | 0.26 |
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Return for Risk
ARMR.AX vs. UMAX.AX — Risk / Return Rank
ARMR.AX
UMAX.AX
ARMR.AX vs. UMAX.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Global Defence ETF (ARMR.AX) and Betashares S&P 500 Yield Maximiser Complex ETF (UMAX.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 | UMAX.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.12 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 0.58 | -0.79 |
| Martin ratioReturn relative to average drawdown | -0.44 | 1.35 | -1.79 |
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Drawdowns
ARMR.AX vs. UMAX.AX - Drawdown Comparison
The maximum ARMR.AX drawdown since its inception was -22.93%, roughly equal to the maximum UMAX.AX drawdown of -24.10%. Use the drawdown chart below to compare losses from any high point for ARMR.AX and UMAX.AX.
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Drawdown Indicators
| ARMR.AX | UMAX.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -24.10% | +1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -11.14% | -11.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.10% | — |
Current DrawdownCurrent decline from peak | -21.64% | -1.61% | -20.03% |
Average DrawdownAverage peak-to-trough decline | -5.66% | -5.15% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.05% | 4.86% | +6.19% |
Volatility
ARMR.AX vs. UMAX.AX - Volatility Comparison
Betashares Global Defence ETF (ARMR.AX) has a higher volatility of 8.86% compared to Betashares S&P 500 Yield Maximiser Complex ETF (UMAX.AX) at 3.05%. This indicates that ARMR.AX's price experiences larger fluctuations and is considered to be riskier than UMAX.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 | UMAX.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.86% | 3.05% | +5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 19.23% | 7.92% | +11.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.81% | 9.94% | +13.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.52% | 12.93% | +10.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.52% | 13.42% | +10.10% |
Dividends
ARMR.AX vs. UMAX.AX - Dividend Comparison
ARMR.AX's dividend yield for the trailing twelve months is around 2.11%, less than UMAX.AX's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | 2.11% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UMAX.AX Betashares S&P 500 Yield Maximiser Complex ETF | 3.16% | 5.33% | 2.19% | 4.02% | 5.79% | 5.05% | 7.02% | 5.43% | 4.06% | 3.16% | 4.12% | 4.55% |
Frequently Asked Questions
ARMR.AX and UMAX.AX have a correlation of 0.19, 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 UMAX.AX is Global Equities.
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