ARMR.AX vs. URNM.AX

Last updated Jul 18, 2026

ARMR.AX (Betashares Global Defence ETF) and URNM.AX (BetaShares Global Uranium ETF) are both exchange-traded funds - ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index, while URNM.AX is a Global Equities fund tracking the BetaShares Global Uranium Index. Both are passively managed. Over the past year, ARMR.AX returned -4.94% vs 4.93% for URNM.AX. At a 0.27 correlation, their price movements are largely independent.

Performance

ARMR.AX vs. URNM.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 Global Uranium ETF (URNM.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 -8.03% return, which is significantly higher than URNM.AX's -9.81% return.

ARMR.AX

• 1D: -0.58%
• 1M: -5.34%
• 6M: -21.50%
• YTD: -8.03%
• 1Y: -4.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

URNM.AX

• 1D: -5.30%
• 1M: -14.52%
• 6M: -27.12%
• YTD: -9.81%
• 1Y: 4.93%
• 3Y*: 18.90%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
ARMR.AX Betashares Global Defence ETF	-8.03%	47.73%	12.11%
URNM.AX BetaShares Global Uranium ETF	-9.81%	33.59%	-3.69%

Correlation

The correlation between ARMR.AX and URNM.AX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Oct 4, 2024	0.27

Return for Risk

ARMR.AX vs. URNM.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: 8
ARMR.AX Sharpe Ratio Rank: 8
ARMR.AX Sortino Ratio Rank: 8
ARMR.AX Omega Ratio Rank: 8
ARMR.AX Calmar Ratio Rank: 8
ARMR.AX Martin Ratio Rank: 8

URNM.AX

URNM.AX Risk / Return Rank: 13
URNM.AX Sharpe Ratio Rank: 12
URNM.AX Sortino Ratio Rank: 14
URNM.AX Omega Ratio Rank: 14
URNM.AX Calmar Ratio Rank: 12
URNM.AX Martin Ratio Rank: 12

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. URNM.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Betashares Global Defence ETF (ARMR.AX) and BetaShares Global Uranium ETF (URNM.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	URNM.AX	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	0.10	-0.31
Sortino ratio: Return per unit of downside risk	-0.13	0.49	-0.62
Omega ratio: Gain probability vs. loss probability	0.99	1.06	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.21	0.13	-0.34
Martin ratio: Return relative to average drawdown	-0.44	0.28	-0.72

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

The current ARMR.AX Sharpe Ratio is -0.21, which is lower than the URNM.AX Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of ARMR.AX and URNM.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.

Drawdowns

ARMR.AX vs. URNM.AX - Drawdown Comparison

The maximum ARMR.AX drawdown since its inception was -22.93%, smaller than the maximum URNM.AX drawdown of -45.88%. Use the drawdown chart below to compare losses from any high point for ARMR.AX and URNM.AX.

Drawdown Indicators

	ARMR.AX	URNM.AX	Difference
Max Drawdown Largest peak-to-trough decline	-22.93%	-45.88%	+22.95%
Max Drawdown (1Y) Largest decline over 1 year	-22.93%	-37.69%	+14.76%
Max Drawdown (3Y) Largest decline over 3 years	—	-45.88%	—
Current Drawdown Current decline from peak	-21.64%	-37.69%	+16.05%
Average Drawdown Average peak-to-trough decline	-5.66%	-16.26%	+10.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.05%	17.73%	-6.68%

Volatility

ARMR.AX vs. URNM.AX - Volatility Comparison

The current volatility for Betashares Global Defence ETF (ARMR.AX) is 8.86%, while BetaShares Global Uranium ETF (URNM.AX) has a volatility of 9.57%. This indicates that ARMR.AX experiences smaller price fluctuations and is considered to be less risky than URNM.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARMR.AX	URNM.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.86%	9.57%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	19.23%	34.73%	-15.50%
Volatility (1Y) Calculated over the trailing 1-year period	23.81%	47.15%	-23.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.52%	39.62%	-16.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.52%	39.62%	-16.10%

Dividends

ARMR.AX vs. URNM.AX - Dividend Comparison

ARMR.AX's dividend yield for the trailing twelve months is around 2.11%, less than URNM.AX's 2.33% yield.

Position	TTM	2025	2024	2023
ARMR.AX Betashares Global Defence ETF	2.11%	2.18%	0.00%	0.00%
URNM.AX BetaShares Global Uranium ETF	2.33%	2.27%	2.26%	0.04%

Frequently Asked Questions

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

ARMR.AX and URNM.AX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

ARMR.AX is categorized as Aerospace & Defense, while URNM.AX is Global Equities. ARMR.AX tracks VettaFi Global Defence Leaders Index, while URNM.AX tracks BetaShares Global Uranium Index.