CORE.AX vs. USD.AX
CORE.AX (Schroder Global Core Fund - Active ETF) and USD.AX (BetaShares U.S. Dollar ETF) are both Global Equities funds. CORE.AX is actively managed, while USD.AX is passively managed. Over the past year, CORE.AX returned 14.00% vs -3.95% for USD.AX. At a correlation of -0.10, they often move in opposite directions.
Performance
CORE.AX vs. USD.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 higher than USD.AX's -2.28% return.
CORE.AX
- 1D
- -1.27%
- 1M
- -0.61%
- 6M
- 3.34%
- YTD
- 3.61%
- 1Y
- 14.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD.AX
- 1D
- 0.21%
- 1M
- 1.46%
- 6M
- -2.21%
- YTD
- -2.28%
- 1Y
- -3.95%
- 3Y*
- 3.53%
- 5Y*
- 4.51%
- 10Y*
- 2.65%
CORE.AX vs. USD.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 3.61% | 12.78% |
USD.AX BetaShares U.S. Dollar ETF | -2.28% | -1.51% |
Correlation
The correlation between CORE.AX and USD.AX is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | -0.10 |
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Return for Risk
CORE.AX vs. USD.AX — Risk / Return Rank
CORE.AX
USD.AX
CORE.AX vs. USD.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 U.S. Dollar ETF (USD.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 | USD.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.94 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | -0.39 | +1.91 |
| Martin ratioReturn relative to average drawdown | 4.09 | -0.71 | +4.80 |
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Drawdowns
CORE.AX vs. USD.AX - Drawdown Comparison
The maximum CORE.AX drawdown since its inception was -10.20%, smaller than the maximum USD.AX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for CORE.AX and USD.AX.
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Drawdown Indicators
| CORE.AX | USD.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.20% | -30.05% | +19.85% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -9.84% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.05% | — |
Current DrawdownCurrent decline from peak | -2.60% | -10.55% | +7.95% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -9.62% | +7.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.50% | — |
Volatility
CORE.AX vs. USD.AX - Volatility Comparison
Schroder Global Core Fund - Active ETF (CORE.AX) has a higher volatility of 2.49% compared to BetaShares U.S. Dollar ETF (USD.AX) at 1.68%. This indicates that CORE.AX's price experiences larger fluctuations and is considered to be riskier than USD.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 | USD.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 1.68% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 7.32% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.51% | 9.45% | +3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.55% | 11.02% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.55% | 10.56% | +1.99% |
Dividends
CORE.AX vs. USD.AX - Dividend Comparison
CORE.AX's dividend yield for the trailing twelve months is around 0.69%, while USD.AX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USD.AX BetaShares U.S. Dollar ETF | 0.00% | 2.53% | 3.89% | 3.39% | 0.00% | 0.00% | 1.19% | 2.37% | 0.76% | 0.17% | 0.08% |
Frequently Asked Questions
CORE.AX and USD.AX have a correlation of -0.10, 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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