BANK.AX vs. HBRD.AX
BANK.AX (Global X Australian Bank Credit ETF) and HBRD.AX (Betashares Australian Credit Income Active ETF) are both Corporate Bonds funds. BANK.AX is passively managed, while HBRD.AX is actively managed. Over the past year, BANK.AX returned 4.33% vs 3.94% for HBRD.AX. At a 0.04 correlation, their price movements are largely independent.
Performance
BANK.AX vs. HBRD.AX - Performance Comparison
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Returns By Period
In the year-to-date period, BANK.AX achieves a 2.36% return, which is significantly higher than HBRD.AX's 1.65% return.
BANK.AX
- 1D
- 0.10%
- 1M
- 0.71%
- 6M
- 2.05%
- YTD
- 2.36%
- 1Y
- 4.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBRD.AX
- 1D
- 0.00%
- 1M
- 0.60%
- 6M
- 1.59%
- YTD
- 1.65%
- 1Y
- 3.94%
- 3Y*
- 5.18%
- 5Y*
- 3.90%
- 10Y*
- —
BANK.AX vs. HBRD.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BANK.AX Global X Australian Bank Credit ETF | 2.36% | 4.39% | 2.23% |
HBRD.AX Betashares Australian Credit Income Active ETF | 1.65% | 4.39% | 2.96% |
Correlation
The correlation between BANK.AX and HBRD.AX is 0.01, 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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2024 | 0.04 |
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Return for Risk
BANK.AX vs. HBRD.AX — Risk / Return Rank
BANK.AX
HBRD.AX
BANK.AX vs. HBRD.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Australian Bank Credit ETF (BANK.AX) and Betashares Australian Credit Income Active ETF (HBRD.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.
| BANK.AX | HBRD.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.54 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 5.43 | -1.59 |
| Martin ratioReturn relative to average drawdown | 12.35 | 15.99 | -3.64 |
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Drawdowns
BANK.AX vs. HBRD.AX - Drawdown Comparison
The maximum BANK.AX drawdown since its inception was -1.60%, smaller than the maximum HBRD.AX drawdown of -15.60%. Use the drawdown chart below to compare losses from any high point for BANK.AX and HBRD.AX.
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Drawdown Indicators
| BANK.AX | HBRD.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.60% | -15.60% | +14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -0.69% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.02% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.65% | — |
Current DrawdownCurrent decline from peak | -0.20% | 0.00% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.51% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.24% | +0.11% |
Volatility
BANK.AX vs. HBRD.AX - Volatility Comparison
Global X Australian Bank Credit ETF (BANK.AX) has a higher volatility of 0.48% compared to Betashares Australian Credit Income Active ETF (HBRD.AX) at 0.33%. This indicates that BANK.AX's price experiences larger fluctuations and is considered to be riskier than HBRD.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BANK.AX | HBRD.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 0.33% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.48% | 1.21% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.06% | 1.68% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.45% | 2.29% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 4.34% | -1.89% |
Dividends
BANK.AX vs. HBRD.AX - Dividend Comparison
BANK.AX's dividend yield for the trailing twelve months is around 5.10%, more than HBRD.AX's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BANK.AX Global X Australian Bank Credit ETF | 5.10% | 5.31% | 1.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HBRD.AX Betashares Australian Credit Income Active ETF | 4.07% | 4.98% | 4.85% | 4.78% | 2.83% | 2.48% | 2.85% | 3.45% | 3.56% |
Frequently Asked Questions
BANK.AX and HBRD.AX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and BetaShares.
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