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AUDS.AX vs. FUEL.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AUDS.AX vs. FUEL.AX

Last updated Jul 16, 2026
Documentation

AUDS.AX (BetaShares Strong Australian Dollar Complex ETF) and FUEL.AX (Betashares Global Energy Companies Currency Hedged ETF) are both exchange-traded funds - AUDS.AX is a Leveraged Currency fund actively managed by BetaShares, while FUEL.AX is a Global Equities fund tracking the Betashares Global Energy Companies Currency Hedged Index. AUDS.AX is actively managed, while FUEL.AX is passively managed. Over the past 5 years, AUDS.AX returned -6.17%/yr vs 15.31%/yr for FUEL.AX. At a 0.23 correlation, their price movements are largely independent.

Performance

AUDS.AX vs. FUEL.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares Strong Australian Dollar Complex ETF (AUDS.AX) and Betashares Global Energy Companies Currency Hedged ETF (FUEL.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AUDS.AX achieves a 12.18% return, which is significantly lower than FUEL.AX's 24.46% return.

AUDS.AX

1D
0.63%
1M
-2.00%
6M
12.18%
YTD
12.18%
1Y
18.27%
3Y*
0.82%
5Y*
-6.17%
10Y*
—

FUEL.AX

1D
-0.73%
1M
-0.67%
6M
17.84%
YTD
24.46%
1Y
30.85%
3Y*
13.25%
5Y*
15.31%
10Y*
5.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AUDS.AX vs. FUEL.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AUDS.AX
BetaShares Strong Australian Dollar Complex ETF		12.18%17.80%-21.57%-2.54%-21.29%-17.41%10.39%-5.64%-22.18%15.90%
FUEL.AX
Betashares Global Energy Companies Currency Hedged ETF		24.46%10.28%-1.04%-2.17%37.74%29.02%-32.28%10.04%-11.41%2.28%

Correlation

The correlation between AUDS.AX and FUEL.AX is -0.03, 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

-0.03

Correlation (3Y)
Calculated over the trailing 3-year period

0.15

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Nov 28, 2016

0.23

The correlation between AUDS.AX and FUEL.AX shifts across timeframes, from -0.03 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.

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BetaShares Strong Australian Dollar Complex ETF

Betashares Global Energy Companies Currency Hedged ETF

Return for Risk

AUDS.AX vs. FUEL.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AUDS.AX
AUDS.AX Risk / Return Rank: 3333
Overall Rank
AUDS.AX Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
AUDS.AX Sortino Ratio Rank: 3232
Sortino Ratio Rank
AUDS.AX Omega Ratio Rank: 2828
Omega Ratio Rank
AUDS.AX Calmar Ratio Rank: 3939
Calmar Ratio Rank
AUDS.AX Martin Ratio Rank: 3535
Martin Ratio Rank
FUEL.AX
FUEL.AX Risk / Return Rank: 5252
Overall Rank
FUEL.AX Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
FUEL.AX Sortino Ratio Rank: 4949
Sortino Ratio Rank
FUEL.AX Omega Ratio Rank: 5151
Omega Ratio Rank
FUEL.AX Calmar Ratio Rank: 5959
Calmar Ratio Rank
FUEL.AX Martin Ratio Rank: 5252
Martin Ratio Rank
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.

AUDS.AX vs. FUEL.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares Strong Australian Dollar Complex ETF (AUDS.AX) and Betashares Global Energy Companies Currency Hedged ETF (FUEL.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.

AUDS.AXFUEL.AXDifference
Sharpe ratioReturn per unit of total volatility
0.92
1.39

-0.47

Sortino ratioReturn per unit of downside risk
1.49
2.03

-0.54

Omega ratioGain probability vs. loss probability

1.17

1.27

-0.10

Calmar ratioReturn relative to maximum drawdown

1.68

2.42

-0.73

Martin ratioReturn relative to average drawdown

4.29

7.20

-2.91

AUDS.AX vs. FUEL.AX - Sharpe Ratio Comparison

The current AUDS.AX Sharpe Ratio is 0.92, which is lower than the FUEL.AX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of AUDS.AX and FUEL.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.

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Drawdowns

AUDS.AX vs. FUEL.AX - Drawdown Comparison

The maximum AUDS.AX drawdown since its inception was -67.00%, roughly equal to the maximum FUEL.AX drawdown of -65.66%. Use the drawdown chart below to compare losses from any high point for AUDS.AX and FUEL.AX.

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Drawdown Indicators

AUDS.AXFUEL.AXDifference

Max Drawdown

Largest peak-to-trough decline

-67.00%

-65.66%

-1.34%

Max Drawdown (1Y)

Largest decline over 1 year

-10.87%

-12.87%

+2.00%

Max Drawdown (3Y)

Largest decline over 3 years

-29.91%

-22.90%

-7.01%

Max Drawdown (5Y)

Largest decline over 5 years

-50.71%

-23.54%

-27.17%

Max Drawdown (10Y)

Largest decline over 10 years

—

-65.66%

—

Current Drawdown

Current decline from peak

-52.02%

-7.65%

-44.37%

Average Drawdown

Average peak-to-trough decline

-39.52%

-13.62%

-25.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.25%

4.37%

-0.12%

Volatility

AUDS.AX vs. FUEL.AX - Volatility Comparison

The current volatility for BetaShares Strong Australian Dollar Complex ETF (AUDS.AX) is 4.45%, while Betashares Global Energy Companies Currency Hedged ETF (FUEL.AX) has a volatility of 5.70%. This indicates that AUDS.AX experiences smaller price fluctuations and is considered to be less risky than FUEL.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AUDS.AXFUEL.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.45%

5.70%

-1.25%

Volatility (6M)

Calculated over the trailing 6-month period

16.73%

19.38%

-2.65%

Volatility (1Y)

Calculated over the trailing 1-year period

19.92%

22.36%

-2.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.06%

24.26%

-0.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.52%

26.38%

-1.86%

Dividends

AUDS.AX vs. FUEL.AX - Dividend Comparison

AUDS.AX's dividend yield for the trailing twelve months is around 8.59%, more than FUEL.AX's 3.37% yield.

PositionTTM202520242023202220212020201920182017
AUDS.AX
BetaShares Strong Australian Dollar Complex ETF		8.59%0.00%3.28%0.00%0.00%5.45%10.12%0.00%0.00%0.00%
FUEL.AX
Betashares Global Energy Companies Currency Hedged ETF		3.37%0.00%2.16%0.00%0.00%4.04%1.64%1.25%1.92%3.02%

Frequently Asked Questions

AUDS.AX and FUEL.AX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AUDS.AX is categorized as Leveraged Currency, while FUEL.AX is Global Equities.

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