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BNKS.AX vs. FOOD.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BNKS.AX vs. FOOD.AX

Last updated Jul 16, 2026
Documentation

BNKS.AX (BetaShares Global Banks Currency Hedged ETF) and FOOD.AX (Betashares Global Agriculture Companies Currency Hedged ETF) are both exchange-traded funds - BNKS.AX is a Financials Equities fund tracking the Nasdaq Global ex-Australia Banks Hedged AUD Index, while FOOD.AX is a Global Equities fund tracking the Betashares Global Agriculture Companies Currency Hedged Index. Both are passively managed. Over the past 5 years, BNKS.AX returned 18.53%/yr vs 4.85%/yr for FOOD.AX. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

BNKS.AX vs. FOOD.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares Global Banks Currency Hedged ETF (BNKS.AX) and Betashares Global Agriculture Companies Currency Hedged ETF (FOOD.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, BNKS.AX achieves a 19.38% return, which is significantly higher than FOOD.AX's 13.63% return.

BNKS.AX

1D
0.79%
1M
6.86%
6M
18.90%
YTD
19.38%
1Y
47.09%
3Y*
35.60%
5Y*
18.53%
10Y*
—

FOOD.AX

1D
0.38%
1M
1.59%
6M
11.05%
YTD
13.63%
1Y
19.32%
3Y*
7.23%
5Y*
4.85%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BNKS.AX vs. FOOD.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BNKS.AX
BetaShares Global Banks Currency Hedged ETF		19.38%46.54%29.51%9.49%-10.01%26.47%-21.37%19.11%-17.88%17.13%
FOOD.AX
Betashares Global Agriculture Companies Currency Hedged ETF		13.63%16.69%-5.50%-5.20%-1.14%24.32%3.36%17.26%-14.88%15.67%

Correlation

The correlation between BNKS.AX and FOOD.AX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

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

0.45

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

0.53

Correlation (All Time)
Calculated using the full available price history since Aug 2, 2016

0.54

Over the past year, the correlation between BNKS.AX and FOOD.AX has dropped to 0.32 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

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BetaShares Global Banks Currency Hedged ETF

Betashares Global Agriculture Companies Currency Hedged ETF

Return for Risk

BNKS.AX vs. FOOD.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BNKS.AX
BNKS.AX Risk / Return Rank: 8787
Overall Rank
BNKS.AX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
BNKS.AX Sortino Ratio Rank: 9090
Sortino Ratio Rank
BNKS.AX Omega Ratio Rank: 9090
Omega Ratio Rank
BNKS.AX Calmar Ratio Rank: 8181
Calmar Ratio Rank
BNKS.AX Martin Ratio Rank: 8181
Martin Ratio Rank
FOOD.AX
FOOD.AX Risk / Return Rank: 4141
Overall Rank
FOOD.AX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
FOOD.AX Sortino Ratio Rank: 4242
Sortino Ratio Rank
FOOD.AX Omega Ratio Rank: 4040
Omega Ratio Rank
FOOD.AX Calmar Ratio Rank: 4343
Calmar Ratio Rank
FOOD.AX Martin Ratio Rank: 4040
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.

BNKS.AX vs. FOOD.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares Global Banks Currency Hedged ETF (BNKS.AX) and Betashares Global Agriculture Companies Currency Hedged ETF (FOOD.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.

BNKS.AXFOOD.AXDifference
Sharpe ratioReturn per unit of total volatility
2.59
1.22

+1.38

Sortino ratioReturn per unit of downside risk
3.47
1.82

+1.64

Omega ratioGain probability vs. loss probability

1.46

1.22

+0.23

Calmar ratioReturn relative to maximum drawdown

3.47

1.81

+1.66

Martin ratioReturn relative to average drawdown

12.60

5.18

+7.43

BNKS.AX vs. FOOD.AX - Sharpe Ratio Comparison

The current BNKS.AX Sharpe Ratio is 2.59, which is higher than the FOOD.AX Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of BNKS.AX and FOOD.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

BNKS.AX vs. FOOD.AX - Drawdown Comparison

The maximum BNKS.AX drawdown since its inception was -50.73%, which is greater than FOOD.AX's maximum drawdown of -39.46%. Use the drawdown chart below to compare losses from any high point for BNKS.AX and FOOD.AX.

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Drawdown Indicators

BNKS.AXFOOD.AXDifference

Max Drawdown

Largest peak-to-trough decline

-50.73%

-39.46%

-11.27%

Max Drawdown (1Y)

Largest decline over 1 year

-13.53%

-11.06%

-2.47%

Max Drawdown (3Y)

Largest decline over 3 years

-19.49%

-22.20%

+2.71%

Max Drawdown (5Y)

Largest decline over 5 years

-27.56%

-34.67%

+7.11%

Current Drawdown

Current decline from peak

0.00%

-5.87%

+5.87%

Average Drawdown

Average peak-to-trough decline

-11.97%

-11.38%

-0.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.78%

3.89%

-0.11%

Volatility

BNKS.AX vs. FOOD.AX - Volatility Comparison

The current volatility for BetaShares Global Banks Currency Hedged ETF (BNKS.AX) is 3.57%, while Betashares Global Agriculture Companies Currency Hedged ETF (FOOD.AX) has a volatility of 3.76%. This indicates that BNKS.AX experiences smaller price fluctuations and is considered to be less risky than FOOD.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BNKS.AXFOOD.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.57%

3.76%

-0.19%

Volatility (6M)

Calculated over the trailing 6-month period

15.92%

13.70%

+2.22%

Volatility (1Y)

Calculated over the trailing 1-year period

18.15%

16.49%

+1.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.23%

17.48%

+1.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.33%

17.50%

+2.83%

Dividends

BNKS.AX vs. FOOD.AX - Dividend Comparison

BNKS.AX's dividend yield for the trailing twelve months is around 4.63%, more than FOOD.AX's 3.96% yield.

PositionTTM20252024202320222021202020192018
BNKS.AX
BetaShares Global Banks Currency Hedged ETF		4.63%0.72%1.37%0.00%0.00%2.71%0.00%1.23%3.66%
FOOD.AX
Betashares Global Agriculture Companies Currency Hedged ETF		3.96%0.00%1.48%0.00%2.57%3.39%0.00%0.46%3.60%

Frequently Asked Questions

BNKS.AX and FOOD.AX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BNKS.AX is categorized as Financials Equities, while FOOD.AX is Global Equities. BNKS.AX tracks Nasdaq Global ex-Australia Banks Hedged AUD Index, while FOOD.AX tracks Betashares Global Agriculture Companies Currency Hedged Index.

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