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DHHF.AX vs. USD.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DHHF.AX vs. USD.AX

Last updated Jul 18, 2026
Documentation

DHHF.AX (Betashares Diversified All Growth ETF) and USD.AX (BetaShares U.S. Dollar ETF) are both exchange-traded funds - DHHF.AX is a Large Cap Growth Equities fund actively managed by BetaShares, while USD.AX is a Global Equities fund tracking the BetaShares U.S. Dollar Index. DHHF.AX is actively managed, while USD.AX is passively managed. Over the past 5 years, DHHF.AX returned 9.93%/yr vs 4.51%/yr for USD.AX. At a correlation of -0.15, they often move in opposite directions.

Performance

DHHF.AX vs. USD.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 U.S. Dollar ETF (USD.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, DHHF.AX achieves a 4.23% return, which is significantly higher than USD.AX's -2.28% return.

DHHF.AX

1D
-1.35%
1M
-1.15%
6M
1.96%
YTD
4.23%
1Y
9.98%
3Y*
14.36%
5Y*
9.93%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
DHHF.AX
Betashares Diversified All Growth ETF		4.23%11.88%21.74%17.00%-8.93%23.07%3.80%0.84%
USD.AX
BetaShares U.S. Dollar ETF		-2.28%-3.37%15.22%3.37%8.32%5.76%-8.86%-3.21%

Correlation

The correlation between DHHF.AX and USD.AX is -0.23, 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

-0.23

Correlation (3Y)
Calculated over the trailing 3-year period

-0.12

Correlation (5Y)
Calculated over the trailing 5-year period

-0.16

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2019

-0.15

The correlation between DHHF.AX and USD.AX shifts across timeframes, from -0.23 (1 year) to -0.12 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Betashares Diversified All Growth ETF

BetaShares U.S. Dollar ETF

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Often compared with USD.AX:
USD.AX vs. ILB.AXUSD.AX vs. QMIX.AXUSD.AX vs. VDCO.AXUSD.AX vs. WVOL.AXUSD.AX vs. QOZ.AXUSD.AX vs. WRLD.AXUSD.AX vs. A200.AX

Return for Risk

DHHF.AX vs. USD.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: 3434
Overall Rank
DHHF.AX Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
DHHF.AX Sortino Ratio Rank: 3333
Sortino Ratio Rank
DHHF.AX Omega Ratio Rank: 3535
Omega Ratio Rank
DHHF.AX Calmar Ratio Rank: 3030
Calmar Ratio Rank
DHHF.AX Martin Ratio Rank: 3535
Martin Ratio Rank
USD.AX
USD.AX Risk / Return Rank: 66
Overall Rank
USD.AX Sharpe Ratio Rank: 66
Sharpe Ratio Rank
USD.AX Sortino Ratio Rank: 66
Sortino Ratio Rank
USD.AX Omega Ratio Rank: 66
Omega Ratio Rank
USD.AX Calmar Ratio Rank: 66
Calmar Ratio Rank
USD.AX Martin Ratio Rank: 66
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.

DHHF.AX vs. USD.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 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.

DHHF.AXUSD.AXDifference
Sharpe ratioReturn per unit of total volatility
1.03
-0.41

+1.44

Sortino ratioReturn per unit of downside risk
1.46
-0.50

+1.96

Omega ratioGain probability vs. loss probability

1.20

0.94

+0.26

Calmar ratioReturn relative to maximum drawdown

1.23

-0.39

+1.63

Martin ratioReturn relative to average drawdown

4.27

-0.71

+4.98

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

The current DHHF.AX Sharpe Ratio is 1.03, which is higher than the USD.AX Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of DHHF.AX and USD.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

DHHF.AX vs. USD.AX - Drawdown Comparison

The maximum DHHF.AX drawdown since its inception was -28.54%, smaller than the maximum USD.AX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for DHHF.AX and USD.AX.

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Drawdown Indicators

DHHF.AXUSD.AXDifference

Max Drawdown

Largest peak-to-trough decline

-28.54%

-30.05%

+1.51%

Max Drawdown (1Y)

Largest decline over 1 year

-8.03%

-9.84%

+1.81%

Max Drawdown (3Y)

Largest decline over 3 years

-13.49%

-14.54%

+1.05%

Max Drawdown (5Y)

Largest decline over 5 years

-17.30%

-14.54%

-2.76%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.05%

—

Current Drawdown

Current decline from peak

-1.58%

-10.55%

+8.97%

Average Drawdown

Average peak-to-trough decline

-4.11%

-9.62%

+5.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

5.50%

-3.17%

Volatility

DHHF.AX vs. USD.AX - Volatility Comparison

Betashares Diversified All Growth ETF (DHHF.AX) has a higher volatility of 2.16% compared to BetaShares U.S. Dollar ETF (USD.AX) at 1.68%. This indicates that DHHF.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

DHHF.AXUSD.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.16%

1.68%

+0.48%

Volatility (6M)

Calculated over the trailing 6-month period

7.72%

7.32%

+0.40%

Volatility (1Y)

Calculated over the trailing 1-year period

9.68%

9.45%

+0.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.13%

11.02%

+0.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.11%

10.56%

+2.55%

Dividends

DHHF.AX vs. USD.AX - Dividend Comparison

DHHF.AX's dividend yield for the trailing twelve months is around 2.02%, while USD.AX has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
DHHF.AX
Betashares Diversified All Growth ETF		2.02%2.13%1.99%2.38%4.24%1.28%1.25%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

DHHF.AX and USD.AX have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DHHF.AX is categorized as Large Cap Growth Equities, while USD.AX is Global Equities.

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