CORE.AX vs. QRE.AX
CORE.AX (Schroder Global Core Fund - Active ETF) and QRE.AX (BetaShares Australian Resources Sector ETF) are both Global Equities funds. CORE.AX is actively managed, while QRE.AX is passively managed. Over the past year, CORE.AX returned 14.00% vs 36.65% for QRE.AX. At a 0.14 correlation, their price movements are largely independent.
Performance
CORE.AX vs. QRE.AX - Performance Comparison
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Returns By Period
In the year-to-date period, CORE.AX achieves a 3.61% return, which is significantly lower than QRE.AX's 6.87% return.
CORE.AX
- 1D
- -1.27%
- 1M
- -0.61%
- 6M
- 3.34%
- YTD
- 3.61%
- 1Y
- 14.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QRE.AX
- 1D
- -2.11%
- 1M
- -12.41%
- 6M
- 1.90%
- YTD
- 6.87%
- 1Y
- 36.65%
- 3Y*
- 8.27%
- 5Y*
- 7.52%
- 10Y*
- 12.69%
CORE.AX vs. QRE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 3.61% | 12.78% |
QRE.AX BetaShares Australian Resources Sector ETF | 6.87% | 30.96% |
Correlation
The correlation between CORE.AX and QRE.AX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.14 |
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Return for Risk
CORE.AX vs. QRE.AX — Risk / Return Rank
CORE.AX
QRE.AX
CORE.AX vs. QRE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schroder Global Core Fund - Active ETF (CORE.AX) and BetaShares Australian Resources Sector ETF (QRE.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.
| CORE.AX | QRE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.12 | -0.61 |
| Martin ratioReturn relative to average drawdown | 4.09 | 6.67 | -2.58 |
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Drawdowns
CORE.AX vs. QRE.AX - Drawdown Comparison
The maximum CORE.AX drawdown since its inception was -10.20%, smaller than the maximum QRE.AX drawdown of -66.46%. Use the drawdown chart below to compare losses from any high point for CORE.AX and QRE.AX.
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Drawdown Indicators
| CORE.AX | QRE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.20% | -66.46% | +56.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -16.60% | +6.40% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.43% | — |
Current DrawdownCurrent decline from peak | -2.60% | -13.70% | +11.10% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -23.11% | +20.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.33% | — |
Volatility
CORE.AX vs. QRE.AX - Volatility Comparison
The current volatility for Schroder Global Core Fund - Active ETF (CORE.AX) is 2.49%, while BetaShares Australian Resources Sector ETF (QRE.AX) has a volatility of 7.12%. This indicates that CORE.AX experiences smaller price fluctuations and is considered to be less risky than QRE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORE.AX | QRE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 7.12% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 20.11% | -12.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.51% | 23.84% | -11.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.55% | 22.54% | -9.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.55% | 22.39% | -9.84% |
Dividends
CORE.AX vs. QRE.AX - Dividend Comparison
CORE.AX's dividend yield for the trailing twelve months is around 0.69%, less than QRE.AX's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 0.69% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QRE.AX BetaShares Australian Resources Sector ETF | 1.29% | 2.47% | 1.89% | 2.56% | 10.86% | 3.38% | 1.96% | 6.63% | 0.95% | 1.01% | 0.84% | 3.07% |
Frequently Asked Questions
CORE.AX and QRE.AX have a correlation of 0.16, 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: Schroder and BetaShares.
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