ARMR.AX vs. USD.AX
ARMR.AX (Betashares Global Defence ETF) and USD.AX (BetaShares U.S. Dollar ETF) are both exchange-traded funds - ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index, while USD.AX is a Global Equities fund tracking the BetaShares U.S. Dollar Index. Both are passively managed. Over the past year, ARMR.AX returned -4.94% vs -3.95% for USD.AX. At a correlation of -0.02, they often move in opposite directions.
Performance
ARMR.AX vs. USD.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 USD.AX's -2.28% return.
ARMR.AX
- 1D
- -0.58%
- 1M
- -5.34%
- 6M
- -21.50%
- YTD
- -8.03%
- 1Y
- -4.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD.AX
- 1D
- 0.21%
- 1M
- 1.46%
- 6M
- -2.21%
- YTD
- -2.28%
- 1Y
- -3.95%
- 3Y*
- 3.53%
- 5Y*
- 4.51%
- 10Y*
- 2.65%
ARMR.AX vs. USD.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | -8.03% | 47.73% | 12.11% |
USD.AX BetaShares U.S. Dollar ETF | -2.28% | -3.37% | 11.17% |
Correlation
The correlation between ARMR.AX and USD.AX is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2024 | -0.02 |
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Return for Risk
ARMR.AX vs. USD.AX — Risk / Return Rank
ARMR.AX
USD.AX
ARMR.AX vs. USD.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Global Defence ETF (ARMR.AX) and BetaShares U.S. Dollar ETF (USD.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 | USD.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.94 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | -0.39 | +0.18 |
| Martin ratioReturn relative to average drawdown | -0.44 | -0.71 | +0.27 |
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Drawdowns
ARMR.AX vs. USD.AX - Drawdown Comparison
The maximum ARMR.AX drawdown since its inception was -22.93%, smaller than the maximum USD.AX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for ARMR.AX and USD.AX.
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Drawdown Indicators
| ARMR.AX | USD.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -30.05% | +7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -9.84% | -13.09% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.05% | — |
Current DrawdownCurrent decline from peak | -21.64% | -10.55% | -11.09% |
Average DrawdownAverage peak-to-trough decline | -5.66% | -9.62% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.05% | 5.50% | +5.55% |
Volatility
ARMR.AX vs. USD.AX - Volatility Comparison
Betashares Global Defence ETF (ARMR.AX) has a higher volatility of 8.86% compared to BetaShares U.S. Dollar ETF (USD.AX) at 1.68%. This indicates that ARMR.AX's price experiences larger fluctuations and is considered to be riskier than USD.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 | USD.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.86% | 1.68% | +7.18% |
Volatility (6M)Calculated over the trailing 6-month period | 19.23% | 7.32% | +11.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.81% | 9.45% | +14.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.52% | 11.02% | +12.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.52% | 10.56% | +12.96% |
Dividends
ARMR.AX vs. USD.AX - Dividend Comparison
ARMR.AX's dividend yield for the trailing twelve months is around 2.11%, while USD.AX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USD.AX BetaShares U.S. Dollar ETF | 0.00% | 2.53% | 3.89% | 3.39% | 0.00% | 0.00% | 1.19% | 2.37% | 0.76% | 0.17% | 0.08% |
Frequently Asked Questions
ARMR.AX and USD.AX have a correlation of -0.09, 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 USD.AX is Global Equities. ARMR.AX tracks VettaFi Global Defence Leaders Index, while USD.AX tracks BetaShares U.S. Dollar Index.
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