BNKS.AX vs. URNM.AX

Last updated Aug 1, 2026

BNKS.AX (BetaShares Global Banks Currency Hedged ETF) and URNM.AX (BetaShares Global Uranium ETF) are both exchange-traded funds - BNKS.AX is a Financials Equities fund tracking the Nasdaq Global ex-Australia Banks Hedged AUD Index, while URNM.AX is a Uranium fund tracking the Indxx North Shore Uranium Mining Index. Both are passively managed. Over the past 3 years, BNKS.AX returned 33.60%/yr vs 18.16%/yr for URNM.AX. Their 0.34 correlation means their historical movements had little consistent relationship. BNKS.AX charges 0.57%/yr vs 0.69%/yr for URNM.AX.

Performance

BNKS.AX vs. URNM.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 Uranium ETF (URNM.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNKS.AX achieves a 20.40% return, which is significantly higher than URNM.AX's -6.71% return.

BNKS.AX

• 1D: 2.45%
• 1M: 3.88%
• 6M: 19.15%
• YTD: 20.40%
• 1Y: 45.87%
• 3Y*: 33.60%
• 5Y*: 18.91%
• 10Y*: 12.93%
• ALL TIME*: 12.79%

URNM.AX

• 1D: 4.23%
• 1M: -6.69%
• 6M: -33.63%
• YTD: -6.71%
• 1Y: 15.03%
• 3Y*: 18.16%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BNKS.AX BetaShares Global Banks Currency Hedged ETF	A$519.53K	A$441.79K	A$716.43K
URNM.AX BetaShares Global Uranium ETF	A$1.35M	A$1.29M	A$1.87M

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

	2026 (YTD)	2025	2024	2023	2022
BNKS.AX BetaShares Global Banks Currency Hedged ETF	20.40%	46.54%	29.51%	9.49%	-3.48%
URNM.AX BetaShares Global Uranium ETF	-6.71%	33.59%	-5.17%	57.03%	-9.61%

Correlation

The correlation between BNKS.AX and URNM.AX is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.28
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022	0.34

The correlation between BNKS.AX and URNM.AX shifts across timeframes, from 0.28 (3 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

BNKS.AX

BNKS.AX Risk / Return Rank: 87
BNKS.AX Sharpe Ratio Rank: 91
BNKS.AX Sortino Ratio Rank: 89
BNKS.AX Omega Ratio Rank: 89
BNKS.AX Calmar Ratio Rank: 84
BNKS.AX Martin Ratio Rank: 84

URNM.AX

URNM.AX Risk / Return Rank: 18
URNM.AX Sharpe Ratio Rank: 17
URNM.AX Sortino Ratio Rank: 21
URNM.AX Omega Ratio Rank: 20
URNM.AX Calmar Ratio Rank: 16
URNM.AX Martin Ratio Rank: 16

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BNKS.AX vs. URNM.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 Uranium ETF (URNM.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.AX	URNM.AX	Difference
Sharpe ratio: Return per unit of total volatility	2.32	0.27	+2.05
Sortino ratio: Return per unit of downside risk	3.13	0.72	+2.41
Omega ratio: Gain probability vs. loss probability	1.41	1.08	+0.32
Calmar ratio: Return relative to maximum drawdown	3.19	0.33	+2.86
Martin ratio: Return relative to average drawdown	11.58	0.67	+10.91

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

The current BNKS.AX Sharpe Ratio is 2.32, which is higher than the URNM.AX Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of BNKS.AX and URNM.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.

Drawdowns

BNKS.AX vs. URNM.AX - Drawdown Comparison

The maximum BNKS.AX drawdown since its inception was -50.73%, which is greater than URNM.AX's maximum drawdown of -45.88%. Use the drawdown chart below to compare losses from any high point for BNKS.AX and URNM.AX.

Drawdown Indicators

	BNKS.AX	URNM.AX	Difference
Max Drawdown Largest peak-to-trough decline	-50.73%	-45.88%	-4.85%
Max Drawdown (1Y) Largest decline over 1 year	-13.53%	-38.16%	+24.63%
Max Drawdown (3Y) Largest decline over 3 years	-19.49%	-45.88%	+26.39%
Max Drawdown (5Y) Largest decline over 5 years	-27.56%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.73%	—	—
Current Drawdown Current decline from peak	-0.07%	-35.54%	+35.47%
Average Drawdown Average peak-to-trough decline	-11.92%	-16.45%	+4.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	19.06%	-15.28%

Volatility

BNKS.AX vs. URNM.AX - Volatility Comparison

The current volatility for BetaShares Global Banks Currency Hedged ETF (BNKS.AX) is 5.84%, while BetaShares Global Uranium ETF (URNM.AX) has a volatility of 10.92%. This indicates that BNKS.AX experiences smaller price fluctuations and is considered to be less risky than URNM.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNKS.AX	URNM.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	10.92%	-5.08%
Volatility (6M) Calculated over the trailing 6-month period	16.34%	33.27%	-16.93%
Volatility (1Y) Calculated over the trailing 1-year period	18.63%	47.29%	-28.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	39.57%	-20.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.35%	39.57%	-19.22%

BNKS.AX vs. URNM.AX - Expense Ratio Comparison

BNKS.AX has a 0.57% expense ratio, which is lower than URNM.AX's 0.69% expense ratio.

Dividends

BNKS.AX vs. URNM.AX - Dividend Comparison

BNKS.AX's dividend yield for the trailing twelve months is around 4.60%, more than URNM.AX's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BNKS.AX BetaShares Global Banks Currency Hedged ETF	4.60%	0.72%	1.37%	0.00%	0.00%	2.71%	0.00%	1.23%	3.66%
URNM.AX BetaShares Global Uranium ETF	2.26%	2.27%	2.26%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BNKS.AX and URNM.AX in my portfolio?

BNKS.AX and URNM.AX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNKS.AX or URNM.AX?

On fees, BNKS.AX is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNKS.AX or URNM.AX?

BNKS.AX is cheaper with a 0.57% expense ratio, compared with 0.69% for URNM.AX.

What is the main difference between BNKS.AX and URNM.AX?

BNKS.AX is categorized as Financials Equities, while URNM.AX is Uranium. BNKS.AX tracks Nasdaq Global ex-Australia Banks Hedged AUD Index, while URNM.AX tracks Indxx North Shore Uranium Mining Index. Their fees differ too: 0.57% for BNKS.AX and 0.69% for URNM.AX.