AUST.AX vs. ARMR.AX
AUST.AX (BetaShares Managed Risk Australian Shares Complex ETF) and ARMR.AX (Betashares Global Defence ETF) are both exchange-traded funds - AUST.AX is a Australia Equities fund actively managed by BetaShares, while ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index. AUST.AX is actively managed, while ARMR.AX is passively managed. Over the past year, AUST.AX returned 1.97% vs -3.36% for ARMR.AX. At a 0.24 correlation, their price movements are largely independent. AUST.AX charges 0.49%/yr vs 0.55%/yr for ARMR.AX.
Performance
AUST.AX vs. ARMR.AX - Performance Comparison
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Returns By Period
In the year-to-date period, AUST.AX achieves a -0.08% return, which is significantly higher than ARMR.AX's -6.62% return.
AUST.AX
- 1D
- 0.00%
- 1M
- -0.63%
- 6M
- 0.54%
- YTD
- -0.08%
- 1Y
- 1.97%
- 3Y*
- 5.03%
- 5Y*
- 1.92%
- 10Y*
- 3.49%
ARMR.AX
- 1D
- 0.45%
- 1M
- -3.73%
- 6M
- -19.26%
- YTD
- -6.62%
- 1Y
- -3.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUST.AX vs. ARMR.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AUST.AX BetaShares Managed Risk Australian Shares Complex ETF | -0.08% | 4.29% | -0.23% |
ARMR.AX Betashares Global Defence ETF | -6.62% | 47.73% | 12.11% |
Correlation
The correlation between AUST.AX and ARMR.AX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2024 | 0.24 |
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Return for Risk
AUST.AX vs. ARMR.AX — Risk / Return Rank
AUST.AX
ARMR.AX
AUST.AX vs. ARMR.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaShares Managed Risk Australian Shares Complex ETF (AUST.AX) and Betashares Global Defence ETF (ARMR.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.
| AUST.AX | ARMR.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.01 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | -0.09 | +0.43 |
| Martin ratioReturn relative to average drawdown | 0.61 | -0.18 | +0.80 |
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Drawdowns
AUST.AX vs. ARMR.AX - Drawdown Comparison
The maximum AUST.AX drawdown since its inception was -20.24%, smaller than the maximum ARMR.AX drawdown of -22.93%. Use the drawdown chart below to compare losses from any high point for AUST.AX and ARMR.AX.
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Drawdown Indicators
| AUST.AX | ARMR.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.24% | -22.93% | +2.69% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -22.93% | +15.77% |
Max Drawdown (3Y)Largest decline over 3 years | -11.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.24% | — | — |
Current DrawdownCurrent decline from peak | -4.19% | -20.43% | +16.24% |
Average DrawdownAverage peak-to-trough decline | -4.56% | -5.62% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 10.96% | -6.89% |
Volatility
AUST.AX vs. ARMR.AX - Volatility Comparison
The current volatility for BetaShares Managed Risk Australian Shares Complex ETF (AUST.AX) is 2.44%, while Betashares Global Defence ETF (ARMR.AX) has a volatility of 8.91%. This indicates that AUST.AX experiences smaller price fluctuations and is considered to be less risky than ARMR.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUST.AX | ARMR.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 8.91% | -6.47% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 19.25% | -11.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.33% | 23.85% | -13.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.21% | 23.54% | -13.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.21% | 23.54% | -13.33% |
AUST.AX vs. ARMR.AX - Expense Ratio Comparison
AUST.AX has a 0.49% expense ratio, which is lower than ARMR.AX's 0.55% expense ratio.
Dividends
AUST.AX vs. ARMR.AX - Dividend Comparison
AUST.AX's dividend yield for the trailing twelve months is around 1.39%, less than ARMR.AX's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | 2.08% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AUST.AX BetaShares Managed Risk Australian Shares Complex ETF | 1.39% | 1.18% | 1.58% | 1.60% | 2.16% | 2.37% | 3.13% | 3.02% | 1.62% | 1.09% | 0.42% |
Frequently Asked Questions
AUST.AX and ARMR.AX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AUST.AX is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AUST.AX is cheaper with a 0.49% expense ratio, compared with 0.55% for ARMR.AX.
AUST.AX is categorized as Australia Equities, while ARMR.AX is Aerospace & Defense. Their fees differ too: 0.49% for AUST.AX and 0.55% for ARMR.AX.
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