ARMR.AX vs. XDAX.L
ARMR.AX (Betashares Global Defence ETF) and XDAX.L (Xtrackers DAX UCITS ETF 1C) are both exchange-traded funds - ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index, while XDAX.L is a Europe Equities fund tracking the FSE DAX TR EUR. Both are passively managed. Over the past year, ARMR.AX returned 6.21% vs -5.87% for XDAX.L. At a 0.11 correlation, their price movements are largely independent. ARMR.AX charges 0.55%/yr vs 0.09%/yr for XDAX.L.
Performance
ARMR.AX vs. XDAX.L - Performance Comparison
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Different Trading Currencies
ARMR.AX is traded in AUD, while XDAX.L is traded in GBp. To make them comparable, the XDAX.L 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 -3.08% return, which is significantly higher than XDAX.L's -6.94% return.
ARMR.AX
- 1D
- -1.04%
- 1M
- 0.89%
- YTD
- -3.08%
- 6M
- 2.37%
- 1Y
- 6.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDAX.L
- 1D
- -1.07%
- 1M
- 1.45%
- YTD
- -6.94%
- 6M
- -4.44%
- 1Y
- -5.87%
- 3Y*
- 15.19%
- 5Y*
- 9.82%
- 10Y*
- —
ARMR.AX vs. XDAX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | -3.08% | 47.73% | 12.11% |
XDAX.L Xtrackers DAX UCITS ETF 1C | -6.94% | 28.47% | 8.37% |
Correlation
The correlation between ARMR.AX and XDAX.L is 0.06, 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 | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2024 | 0.11 |
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Return for Risk
ARMR.AX vs. XDAX.L — Risk / Return Rank
ARMR.AX
XDAX.L
ARMR.AX vs. XDAX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Global Defence ETF (ARMR.AX) and Xtrackers DAX UCITS ETF 1C (XDAX.L). 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 | XDAX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.95 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | -0.31 | +0.59 |
| Martin ratioReturn relative to average drawdown | 0.71 | -0.79 | +1.50 |
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 | XDAX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | -0.35 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 0.47 | +0.97 |
Drawdowns
ARMR.AX vs. XDAX.L - Drawdown Comparison
The maximum ARMR.AX drawdown since its inception was -22.10%, smaller than the maximum XDAX.L drawdown of -31.51%. Use the drawdown chart below to compare losses from any high point for ARMR.AX and XDAX.L.
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Drawdown Indicators
| ARMR.AX | XDAX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.10% | -31.51% | +9.41% |
Max Drawdown (1Y)Largest decline over 1 year | -22.10% | -16.58% | -5.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.51% | — |
Current DrawdownCurrent decline from peak | -17.53% | -9.15% | -8.38% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -6.58% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | 6.59% | +2.16% |
Volatility
ARMR.AX vs. XDAX.L - Volatility Comparison
Betashares Global Defence ETF (ARMR.AX) has a higher volatility of 7.10% compared to Xtrackers DAX UCITS ETF 1C (XDAX.L) at 4.45%. This indicates that ARMR.AX's price experiences larger fluctuations and is considered to be riskier than XDAX.L 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 | XDAX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 4.45% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 18.87% | 11.96% | +6.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.08% | 15.02% | +8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.91% | 17.17% | +5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.91% | 18.16% | +4.75% |
ARMR.AX vs. XDAX.L - Expense Ratio Comparison
ARMR.AX has a 0.55% expense ratio, which is higher than XDAX.L's 0.09% expense ratio.
Dividends
ARMR.AX vs. XDAX.L - Dividend Comparison
ARMR.AX's dividend yield for the trailing twelve months is around 2.38%, while XDAX.L has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ARMR.AX Betashares Global Defence ETF | 2.38% | 2.18% |
XDAX.L Xtrackers DAX UCITS ETF 1C | 0.00% | 0.00% |
Frequently Asked Questions
ARMR.AX and XDAX.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDAX.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDAX.L is cheaper with a 0.09% expense ratio, compared with 0.55% for ARMR.AX.
ARMR.AX is categorized as Aerospace & Defense, while XDAX.L is Europe Equities. ARMR.AX tracks VettaFi Global Defence Leaders Index, while XDAX.L tracks FSE DAX TR EUR. They also come from different issuers: BetaShares and Xtrackers. Their fees differ too: 0.55% for ARMR.AX and 0.09% for XDAX.L.
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