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CURE.AX vs. BANK.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CURE.AX vs. BANK.AX

Last updated Jul 16, 2026
Documentation

CURE.AX (Global X S&P Biotech ETF) and BANK.AX (Global X Australian Bank Credit ETF) are both exchange-traded funds - CURE.AX is a Health & Biotech Equities fund tracking the S&P Biotechnology Select Industry Index, while BANK.AX is a Corporate Bonds fund tracking the Solactive Australian Bank Credit Index. Both are passively managed. Over the past year, CURE.AX returned 65.69% vs 4.33% for BANK.AX. At a 0.16 correlation, their price movements are largely independent. CURE.AX charges 0.45%/yr vs 0.25%/yr for BANK.AX.

Performance

CURE.AX vs. BANK.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X S&P Biotech ETF (CURE.AX) and Global X Australian Bank Credit ETF (BANK.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, CURE.AX achieves a 22.66% return, which is significantly higher than BANK.AX's 2.36% return.

CURE.AX

1D
0.58%
1M
17.05%
6M
20.39%
YTD
22.66%
1Y
65.69%
3Y*
21.60%
5Y*
5.62%
10Y*
—

BANK.AX

1D
0.10%
1M
0.71%
6M
2.05%
YTD
2.36%
1Y
4.33%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CURE.AX vs. BANK.AX - Yearly Performance Comparison

2026 (YTD)20252024
CURE.AX
Global X S&P Biotech ETF		22.66%25.25%0.04%
BANK.AX
Global X Australian Bank Credit ETF		2.36%4.39%2.23%

Correlation

The correlation between CURE.AX and BANK.AX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.24

Correlation (All Time)
Calculated using the full available price history since Jul 22, 2024

0.16

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Global X S&P Biotech ETF

Global X Australian Bank Credit ETF

Return for Risk

CURE.AX vs. BANK.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CURE.AX
CURE.AX Risk / Return Rank: 9090
Overall Rank
CURE.AX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
CURE.AX Sortino Ratio Rank: 9090
Sortino Ratio Rank
CURE.AX Omega Ratio Rank: 8787
Omega Ratio Rank
CURE.AX Calmar Ratio Rank: 9595
Calmar Ratio Rank
CURE.AX Martin Ratio Rank: 8787
Martin Ratio Rank
BANK.AX
BANK.AX Risk / Return Rank: 8484
Overall Rank
BANK.AX Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
BANK.AX Sortino Ratio Rank: 8686
Sortino Ratio Rank
BANK.AX Omega Ratio Rank: 8787
Omega Ratio Rank
BANK.AX Calmar Ratio Rank: 8686
Calmar Ratio Rank
BANK.AX Martin Ratio Rank: 8080
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.

CURE.AX vs. BANK.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P Biotech ETF (CURE.AX) and Global X Australian Bank Credit ETF (BANK.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.

CURE.AXBANK.AXDifference
Sharpe ratioReturn per unit of total volatility
2.62
2.05

+0.58

Sortino ratioReturn per unit of downside risk
3.46
3.16

+0.30

Omega ratioGain probability vs. loss probability

1.43

1.43

0.00

Calmar ratioReturn relative to maximum drawdown

5.80

3.83

+1.96

Martin ratioReturn relative to average drawdown

14.61

12.35

+2.26

CURE.AX vs. BANK.AX - Sharpe Ratio Comparison

The current CURE.AX Sharpe Ratio is 2.62, which is comparable to the BANK.AX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of CURE.AX and BANK.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

CURE.AX vs. BANK.AX - Drawdown Comparison

The maximum CURE.AX drawdown since its inception was -59.81%, which is greater than BANK.AX's maximum drawdown of -1.60%. Use the drawdown chart below to compare losses from any high point for CURE.AX and BANK.AX.

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Drawdown Indicators

CURE.AXBANK.AXDifference

Max Drawdown

Largest peak-to-trough decline

-59.81%

-1.60%

-58.21%

Max Drawdown (1Y)

Largest decline over 1 year

-11.68%

-1.10%

-10.58%

Max Drawdown (3Y)

Largest decline over 3 years

-28.37%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-50.92%

—

—

Current Drawdown

Current decline from peak

-5.45%

-0.20%

-5.25%

Average Drawdown

Average peak-to-trough decline

-27.38%

-0.19%

-27.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.66%

0.35%

+4.31%

Volatility

CURE.AX vs. BANK.AX - Volatility Comparison

Global X S&P Biotech ETF (CURE.AX) has a higher volatility of 9.67% compared to Global X Australian Bank Credit ETF (BANK.AX) at 0.48%. This indicates that CURE.AX's price experiences larger fluctuations and is considered to be riskier than BANK.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CURE.AXBANK.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.67%

0.48%

+9.19%

Volatility (6M)

Calculated over the trailing 6-month period

21.01%

1.48%

+19.53%

Volatility (1Y)

Calculated over the trailing 1-year period

25.95%

2.06%

+23.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.91%

2.45%

+28.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.70%

2.45%

+29.25%

CURE.AX vs. BANK.AX - Expense Ratio Comparison

CURE.AX has a 0.45% expense ratio, which is higher than BANK.AX's 0.25% expense ratio.

Dividends

CURE.AX vs. BANK.AX - Dividend Comparison

CURE.AX has not paid dividends to shareholders, while BANK.AX's dividend yield for the trailing twelve months is around 5.10%.

PositionTTM2025202420232022202120202019
BANK.AX
Global X Australian Bank Credit ETF		5.10%5.31%1.61%0.00%0.00%0.00%0.00%0.00%
CURE.AX
Global X S&P Biotech ETF		0.00%0.00%0.00%0.00%0.06%11.64%9.47%2.05%

Frequently Asked Questions

CURE.AX and BANK.AX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, BANK.AX is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

BANK.AX is cheaper with a 0.25% expense ratio, compared with 0.45% for CURE.AX.

CURE.AX is categorized as Health & Biotech Equities, while BANK.AX is Corporate Bonds. CURE.AX tracks S&P Biotechnology Select Industry Index, while BANK.AX tracks Solactive Australian Bank Credit Index. Their fees differ too: 0.45% for CURE.AX and 0.25% for BANK.AX.

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