CBAPJ.AX vs. VUL.AX

Last updated Jun 5, 2026

CBAPJ.AX (Commonwealth Bank of Australia) and VUL.AX (Vulcan Energy Resources Limited) are both stocks. CBAPJ.AX operates in Banks - Diversified (Financial Services), while VUL.AX operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, CBAPJ.AX returned 3.80%/yr vs -15.48%/yr for VUL.AX. At a 0.01 correlation, their price movements are largely independent.

Performance

CBAPJ.AX vs. VUL.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Commonwealth Bank of Australia (CBAPJ.AX) and Vulcan Energy Resources Limited (VUL.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBAPJ.AX achieves a 0.01% return, which is significantly higher than VUL.AX's -20.41% return.

CBAPJ.AX

• 1D: -1.36%
• 1M: -1.03%
• YTD: 0.01%
• 6M: 0.12%
• 1Y: 1.65%
• 3Y*: 4.74%
• 5Y*: 3.80%
• 10Y*: —

VUL.AX

• 1D: -8.59%
• 1M: -6.90%
• YTD: -20.41%
• 6M: -20.41%
• 1Y: -14.81%
• 3Y*: -2.35%
• 5Y*: -15.48%
• 10Y*: —

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

CBAPJ.AX vs. VUL.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CBAPJ.AX Commonwealth Bank of Australia	0.01%	3.34%	5.82%	3.71%	2.60%	3.99%
VUL.AX Vulcan Energy Resources Limited	-20.41%	-17.57%	87.72%	-54.98%	-39.13%	76.27%

Correlation

The correlation between CBAPJ.AX and VUL.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 (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (All Time) Calculated using the full available price history since Apr 8, 2021	0.01

Return for Risk

CBAPJ.AX vs. VUL.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBAPJ.AX

CBAPJ.AX Risk / Return Rank: 63
CBAPJ.AX Sharpe Ratio Rank: 63
CBAPJ.AX Sortino Ratio Rank: 52
CBAPJ.AX Omega Ratio Rank: 54
CBAPJ.AX Calmar Ratio Rank: 68
CBAPJ.AX Martin Ratio Rank: 78

VUL.AX

VUL.AX Risk / Return Rank: 37
VUL.AX Sharpe Ratio Rank: 36
VUL.AX Sortino Ratio Rank: 38
VUL.AX Omega Ratio Rank: 37
VUL.AX Calmar Ratio Rank: 36
VUL.AX Martin Ratio Rank: 37

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.

CBAPJ.AX vs. VUL.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Commonwealth Bank of Australia (CBAPJ.AX) and Vulcan Energy Resources Limited (VUL.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.

	CBAPJ.AX	VUL.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.66	-0.13	+0.80
Sortino ratio: Return per unit of downside risk	0.90	0.32	+0.59
Omega ratio: Gain probability vs. loss probability	1.13	1.04	+0.10
Calmar ratio: Return relative to maximum drawdown	1.45	-0.15	+1.60
Martin ratio: Return relative to average drawdown	5.99	-0.26	+6.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBAPJ.AX vs. VUL.AX - Sharpe Ratio Comparison

The current CBAPJ.AX Sharpe Ratio is 0.66, which is higher than the VUL.AX Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of CBAPJ.AX and VUL.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.

Sharpe Ratios by Period

	CBAPJ.AX	VUL.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	-0.13	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	-0.22	+1.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.45	+0.41

Drawdowns

CBAPJ.AX vs. VUL.AX - Drawdown Comparison

The maximum CBAPJ.AX drawdown since its inception was -5.45%, smaller than the maximum VUL.AX drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for CBAPJ.AX and VUL.AX.

Drawdown Indicators

	CBAPJ.AX	VUL.AX	Difference
Max Drawdown Largest peak-to-trough decline	-5.45%	-87.55%	+82.10%
Max Drawdown (1Y) Largest decline over 1 year	-1.44%	-61.57%	+60.13%
Max Drawdown (3Y) Largest decline over 3 years	-2.56%	-64.50%	+61.94%
Max Drawdown (5Y) Largest decline over 5 years	-5.45%	-87.55%	+82.10%
Current Drawdown Current decline from peak	-1.44%	-77.92%	+76.48%
Average Drawdown Average peak-to-trough decline	-0.73%	-49.31%	+48.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	36.36%	-36.02%

Volatility

CBAPJ.AX vs. VUL.AX - Volatility Comparison

The current volatility for Commonwealth Bank of Australia (CBAPJ.AX) is 1.54%, while Vulcan Energy Resources Limited (VUL.AX) has a volatility of 16.92%. This indicates that CBAPJ.AX experiences smaller price fluctuations and is considered to be less risky than VUL.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBAPJ.AX	VUL.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.54%	16.92%	-15.38%
Volatility (6M) Calculated over the trailing 6-month period	2.15%	46.96%	-44.81%
Volatility (1Y) Calculated over the trailing 1-year period	3.16%	71.76%	-68.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.40%	70.56%	-66.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.34%	81.20%	-76.86%

Dividends

CBAPJ.AX vs. VUL.AX - Dividend Comparison

CBAPJ.AX's dividend yield for the trailing twelve months is around 4.57%, while VUL.AX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
CBAPJ.AX Commonwealth Bank of Australia	3.36%	4.65%	4.88%	4.51%	2.67%	1.34%
VUL.AX Vulcan Energy Resources Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CBAPJ.AX and VUL.AX in my portfolio?

CBAPJ.AX and VUL.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.