BNDS.AX vs. F100.AX
BNDS.AX (BetaShares Western Asset Australian Bond Active ETF) and F100.AX (Betashares FTSE 100 ETF) are both exchange-traded funds - BNDS.AX is a Total Bond Market fund actively managed by BetaShares, while F100.AX is a Global Equities fund tracking the FTSE 100 Index. BNDS.AX is actively managed, while F100.AX is passively managed. Over the past 5 years, BNDS.AX returned -0.33%/yr vs 11.19%/yr for F100.AX. At a 0.07 correlation, their price movements are largely independent. BNDS.AX charges 0.42%/yr vs 0.45%/yr for F100.AX.
Performance
BNDS.AX vs. F100.AX - Performance Comparison
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Returns By Period
In the year-to-date period, BNDS.AX achieves a 0.92% return, which is significantly lower than F100.AX's 2.19% return.
BNDS.AX
- 1D
- -0.13%
- 1M
- -0.10%
- 6M
- 0.45%
- YTD
- 0.92%
- 1Y
- 0.24%
- 3Y*
- 3.29%
- 5Y*
- -0.33%
- 10Y*
- —
F100.AX
- 1D
- 0.40%
- 1M
- 2.19%
- 6M
- 0.99%
- YTD
- 2.19%
- 1Y
- 11.24%
- 3Y*
- 14.98%
- 5Y*
- 11.19%
- 10Y*
- —
BNDS.AX vs. F100.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BNDS.AX BetaShares Western Asset Australian Bond Active ETF | 0.92% | 2.52% | 3.08% | 5.73% | -10.96% | -2.83% | 4.81% | 0.67% |
F100.AX Betashares FTSE 100 ETF | 2.19% | 25.77% | 14.12% | 11.00% | -1.20% | 21.76% | -16.05% | 7.82% |
Correlation
The correlation between BNDS.AX and F100.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 (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2019 | 0.07 |
Over the past year, BNDS.AX and F100.AX have become more correlated (0.27) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
BNDS.AX vs. F100.AX — Risk / Return Rank
BNDS.AX
F100.AX
BNDS.AX vs. F100.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaShares Western Asset Australian Bond Active ETF (BNDS.AX) and Betashares FTSE 100 ETF (F100.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.
| BNDS.AX | F100.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.17 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 1.23 | -1.18 |
| Martin ratioReturn relative to average drawdown | 0.09 | 3.70 | -3.61 |
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Drawdowns
BNDS.AX vs. F100.AX - Drawdown Comparison
The maximum BNDS.AX drawdown since its inception was -16.27%, smaller than the maximum F100.AX drawdown of -31.78%. Use the drawdown chart below to compare losses from any high point for BNDS.AX and F100.AX.
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Drawdown Indicators
| BNDS.AX | F100.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.27% | -31.78% | +15.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.05% | -8.92% | +3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -5.05% | -8.92% | +3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -19.00% | +2.89% |
Current DrawdownCurrent decline from peak | -3.04% | -1.05% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -5.90% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 3.00% | -0.40% |
Volatility
BNDS.AX vs. F100.AX - Volatility Comparison
The current volatility for BetaShares Western Asset Australian Bond Active ETF (BNDS.AX) is 0.79%, while Betashares FTSE 100 ETF (F100.AX) has a volatility of 3.07%. This indicates that BNDS.AX experiences smaller price fluctuations and is considered to be less risky than F100.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDS.AX | F100.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 3.07% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 9.63% | -6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 11.45% | -7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.36% | 12.72% | -7.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 14.90% | -9.67% |
BNDS.AX vs. F100.AX - Expense Ratio Comparison
BNDS.AX has a 0.42% expense ratio, which is lower than F100.AX's 0.45% expense ratio.
Dividends
BNDS.AX vs. F100.AX - Dividend Comparison
BNDS.AX's dividend yield for the trailing twelve months is around 2.98%, more than F100.AX's 2.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BNDS.AX BetaShares Western Asset Australian Bond Active ETF | 2.98% | 3.39% | 3.31% | 2.63% | 1.47% | 1.25% | 2.46% | 2.31% | 0.14% |
F100.AX Betashares FTSE 100 ETF | 2.24% | 3.09% | 1.91% | 1.57% | 1.62% | 2.13% | 2.40% | 0.00% | 0.00% |
Frequently Asked Questions
BNDS.AX and F100.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, BNDS.AX is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDS.AX is cheaper with a 0.42% expense ratio, compared with 0.45% for F100.AX.
BNDS.AX is categorized as Total Bond Market, while F100.AX is Global Equities. Their fees differ too: 0.42% for BNDS.AX and 0.45% for F100.AX.
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