DHHF.AX vs. QOZ.AX

Last updated Jun 5, 2026

DHHF.AX (Betashares Diversified All Growth ETF) and QOZ.AX (BetaShares FTSE RAFI Australia 200 ETF) are both exchange-traded funds - DHHF.AX is a Large Cap Growth Equities fund actively managed by BetaShares, while QOZ.AX is a Large Cap Value Equities fund tracking the FTSE RAFI Australia 200 Index. DHHF.AX is actively managed, while QOZ.AX is passively managed. Over the past 5 years, DHHF.AX returned 10.41%/yr vs 10.25%/yr for QOZ.AX. A 0.67 correlation means they provide meaningful diversification when combined. DHHF.AX charges 0.19%/yr vs 0.40%/yr for QOZ.AX.

Performance

DHHF.AX vs. QOZ.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Diversified All Growth ETF (DHHF.AX) and BetaShares FTSE RAFI Australia 200 ETF (QOZ.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DHHF.AX achieves a 3.25% return, which is significantly lower than QOZ.AX's 5.37% return.

DHHF.AX

• 1D: -0.75%
• 1M: 3.03%
• YTD: 3.25%
• 6M: 3.76%
• 1Y: 12.07%
• 3Y*: 14.57%
• 5Y*: 10.41%
• 10Y*: —

QOZ.AX

• 1D: -0.63%
• 1M: 1.28%
• YTD: 5.37%
• 6M: 7.35%
• 1Y: 17.57%
• 3Y*: 14.42%
• 5Y*: 10.25%
• 10Y*: 10.57%

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

DHHF.AX vs. QOZ.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DHHF.AX Betashares Diversified All Growth ETF	3.25%	11.88%	21.74%	17.00%	-8.93%	23.07%	3.80%	0.84%
QOZ.AX BetaShares FTSE RAFI Australia 200 ETF	5.37%	16.94%	10.61%	11.45%	5.52%	17.17%	-0.13%	-0.00%

Correlation

The correlation between DHHF.AX and QOZ.AX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019	0.67

The correlation between DHHF.AX and QOZ.AX has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

Return for Risk

DHHF.AX vs. QOZ.AX — Risk / Return Rank

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

DHHF.AX

DHHF.AX Risk / Return Rank: 34
DHHF.AX Sharpe Ratio Rank: 36
DHHF.AX Sortino Ratio Rank: 34
DHHF.AX Omega Ratio Rank: 37
DHHF.AX Calmar Ratio Rank: 31
DHHF.AX Martin Ratio Rank: 34

QOZ.AX

QOZ.AX Risk / Return Rank: 41
QOZ.AX Sharpe Ratio Rank: 43
QOZ.AX Sortino Ratio Rank: 42
QOZ.AX Omega Ratio Rank: 42
QOZ.AX Calmar Ratio Rank: 42
QOZ.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.

DHHF.AX vs. QOZ.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Betashares Diversified All Growth ETF (DHHF.AX) and BetaShares FTSE RAFI Australia 200 ETF (QOZ.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.

	DHHF.AX	QOZ.AX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.48	-0.22
Sortino ratio: Return per unit of downside risk	1.76	2.08	-0.31
Omega ratio: Gain probability vs. loss probability	1.24	1.27	-0.03
Calmar ratio: Return relative to maximum drawdown	1.49	2.03	-0.54
Martin ratio: Return relative to average drawdown	5.18	5.66	-0.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DHHF.AX vs. QOZ.AX - Sharpe Ratio Comparison

The current DHHF.AX Sharpe Ratio is 1.27, which is comparable to the QOZ.AX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of DHHF.AX and QOZ.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

	DHHF.AX	QOZ.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	1.48	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.80	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.67	+0.14

Drawdowns

DHHF.AX vs. QOZ.AX - Drawdown Comparison

The maximum DHHF.AX drawdown since its inception was -28.54%, smaller than the maximum QOZ.AX drawdown of -37.05%. Use the drawdown chart below to compare losses from any high point for DHHF.AX and QOZ.AX.

Drawdown Indicators

	DHHF.AX	QOZ.AX	Difference
Max Drawdown Largest peak-to-trough decline	-28.54%	-37.05%	+8.51%
Max Drawdown (1Y) Largest decline over 1 year	-8.03%	-8.60%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-13.49%	-12.95%	-0.54%
Max Drawdown (5Y) Largest decline over 5 years	-17.30%	-14.87%	-2.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.05%	—
Current Drawdown Current decline from peak	-0.75%	-4.80%	+4.05%
Average Drawdown Average peak-to-trough decline	-4.18%	-4.29%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	3.09%	-0.77%

Volatility

DHHF.AX vs. QOZ.AX - Volatility Comparison

The current volatility for Betashares Diversified All Growth ETF (DHHF.AX) is 2.51%, while BetaShares FTSE RAFI Australia 200 ETF (QOZ.AX) has a volatility of 3.37%. This indicates that DHHF.AX experiences smaller price fluctuations and is considered to be less risky than QOZ.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DHHF.AX	QOZ.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	3.37%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	9.30%	-1.95%
Volatility (1Y) Calculated over the trailing 1-year period	9.47%	11.75%	-2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.16%	12.74%	-1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.18%	14.70%	-1.52%

DHHF.AX vs. QOZ.AX - Expense Ratio Comparison

DHHF.AX has a 0.19% expense ratio, which is lower than QOZ.AX's 0.40% expense ratio.

Dividends

DHHF.AX vs. QOZ.AX - Dividend Comparison

DHHF.AX's dividend yield for the trailing twelve months is around 2.19%, less than QOZ.AX's 3.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DHHF.AX Betashares Diversified All Growth ETF	2.19%	2.13%	1.99%	2.38%	4.24%	1.28%	1.25%	0.00%	0.00%	0.00%	0.00%	0.00%
QOZ.AX BetaShares FTSE RAFI Australia 200 ETF	3.63%	3.88%	4.58%	5.27%	7.24%	3.96%	3.30%	6.45%	6.59%	3.09%	5.46%	8.44%

Frequently Asked Questions

Can I hold both DHHF.AX and QOZ.AX in my portfolio?

DHHF.AX and QOZ.AX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DHHF.AX or QOZ.AX?

On fees, DHHF.AX is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DHHF.AX or QOZ.AX?

DHHF.AX is cheaper with a 0.19% expense ratio, compared with 0.40% for QOZ.AX.

What is the main difference between DHHF.AX and QOZ.AX?

DHHF.AX is categorized as Large Cap Growth Equities, while QOZ.AX is Large Cap Value Equities. Their fees differ too: 0.19% for DHHF.AX and 0.40% for QOZ.AX.