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FAIR.AX vs. ARMR.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FAIR.AX vs. ARMR.AX

Last updated Jul 16, 2026
Documentation

FAIR.AX (Betashares Australian Sustainability Leaders ETF) and ARMR.AX (Betashares Global Defence ETF) are both exchange-traded funds - FAIR.AX is a Australian Equities fund tracking the Nasdaq Future Australian Sustainability Leaders Index, while ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index. Both are passively managed. Over the past year, FAIR.AX returned -13.34% vs -3.36% for ARMR.AX. At a 0.24 correlation, their price movements are largely independent. FAIR.AX charges 0.49%/yr vs 0.55%/yr for ARMR.AX.

Performance

FAIR.AX vs. ARMR.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Australian Sustainability Leaders ETF (FAIR.AX) and Betashares Global Defence ETF (ARMR.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, FAIR.AX achieves a -7.43% return, which is significantly lower than ARMR.AX's -6.62% return.

FAIR.AX

1D
0.11%
1M
0.04%
6M
-6.83%
YTD
-7.43%
1Y
-13.34%
3Y*
1.71%
5Y*
0.87%
10Y*
—

ARMR.AX

1D
0.45%
1M
-3.73%
6M
-19.26%
YTD
-6.62%
1Y
-3.36%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FAIR.AX vs. ARMR.AX - Yearly Performance Comparison

2026 (YTD)20252024
FAIR.AX
Betashares Australian Sustainability Leaders ETF		-7.43%-1.46%0.57%
ARMR.AX
Betashares Global Defence ETF		-6.62%47.73%12.11%

Correlation

The correlation between FAIR.AX and ARMR.AX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.21

Correlation (All Time)
Calculated using the full available price history since Oct 4, 2024

0.24

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Betashares Australian Sustainability Leaders ETF

Betashares Global Defence ETF

Often compared with ARMR.AX:
ARMR.AX vs. DFNS.LARMR.AX vs. DFENARMR.AX vs. DFEN.DEARMR.AX vs. DHHF.AXARMR.AX vs. BOTZARMR.AX vs. VWRD.LARMR.AX vs. SMH

Return for Risk

FAIR.AX vs. ARMR.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FAIR.AX
FAIR.AX Risk / Return Rank: 33
Overall Rank
FAIR.AX Sharpe Ratio Rank: 22
Sharpe Ratio Rank
FAIR.AX Sortino Ratio Rank: 22
Sortino Ratio Rank
FAIR.AX Omega Ratio Rank: 22
Omega Ratio Rank
FAIR.AX Calmar Ratio Rank: 55
Calmar Ratio Rank
FAIR.AX Martin Ratio Rank: 55
Martin Ratio Rank
ARMR.AX
ARMR.AX Risk / Return Rank: 88
Overall Rank
ARMR.AX Sharpe Ratio Rank: 88
Sharpe Ratio Rank
ARMR.AX Sortino Ratio Rank: 88
Sortino Ratio Rank
ARMR.AX Omega Ratio Rank: 88
Omega Ratio Rank
ARMR.AX Calmar Ratio Rank: 88
Calmar Ratio Rank
ARMR.AX Martin Ratio Rank: 88
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.

FAIR.AX vs. ARMR.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Betashares Australian Sustainability Leaders ETF (FAIR.AX) and Betashares Global Defence ETF (ARMR.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.

FAIR.AXARMR.AXDifference
Sharpe ratioReturn per unit of total volatility
-1.01
-0.08

-0.93

Sortino ratioReturn per unit of downside risk
-1.32
0.05

-1.37

Omega ratioGain probability vs. loss probability

0.85

1.01

-0.16

Calmar ratioReturn relative to maximum drawdown

-0.57

-0.09

-0.48

Martin ratioReturn relative to average drawdown

-0.90

-0.18

-0.72

FAIR.AX vs. ARMR.AX - Sharpe Ratio Comparison

The current FAIR.AX Sharpe Ratio is -1.01, which is lower than the ARMR.AX Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of FAIR.AX and ARMR.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

FAIR.AX vs. ARMR.AX - Drawdown Comparison

The maximum FAIR.AX drawdown since its inception was -30.70%, which is greater than ARMR.AX's maximum drawdown of -22.93%. Use the drawdown chart below to compare losses from any high point for FAIR.AX and ARMR.AX.

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Drawdown Indicators

FAIR.AXARMR.AXDifference

Max Drawdown

Largest peak-to-trough decline

-30.70%

-22.93%

-7.77%

Max Drawdown (1Y)

Largest decline over 1 year

-22.44%

-22.93%

+0.49%

Max Drawdown (3Y)

Largest decline over 3 years

-22.44%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-23.53%

—

—

Current Drawdown

Current decline from peak

-17.73%

-20.43%

+2.70%

Average Drawdown

Average peak-to-trough decline

-7.30%

-5.62%

-1.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.38%

10.96%

+3.42%

Volatility

FAIR.AX vs. ARMR.AX - Volatility Comparison

The current volatility for Betashares Australian Sustainability Leaders ETF (FAIR.AX) is 3.13%, while Betashares Global Defence ETF (ARMR.AX) has a volatility of 8.91%. This indicates that FAIR.AX experiences smaller price fluctuations and is considered to be less risky than ARMR.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FAIR.AXARMR.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.13%

8.91%

-5.78%

Volatility (6M)

Calculated over the trailing 6-month period

10.66%

19.25%

-8.59%

Volatility (1Y)

Calculated over the trailing 1-year period

12.64%

23.85%

-11.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.98%

23.54%

-9.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.06%

23.54%

-8.48%

FAIR.AX vs. ARMR.AX - Expense Ratio Comparison

FAIR.AX has a 0.49% expense ratio, which is lower than ARMR.AX's 0.55% expense ratio.

Dividends

FAIR.AX vs. ARMR.AX - Dividend Comparison

FAIR.AX's dividend yield for the trailing twelve months is around 1.58%, less than ARMR.AX's 2.08% yield.

PositionTTM20252024202320222021202020192018
ARMR.AX
Betashares Global Defence ETF		2.08%2.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FAIR.AX
Betashares Australian Sustainability Leaders ETF		1.58%2.27%1.16%1.09%2.53%2.86%2.84%3.30%1.00%

Frequently Asked Questions

FAIR.AX and ARMR.AX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FAIR.AX is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FAIR.AX is cheaper with a 0.49% expense ratio, compared with 0.55% for ARMR.AX.

FAIR.AX is categorized as Australian Equities, while ARMR.AX is Aerospace & Defense. FAIR.AX tracks Nasdaq Future Australian Sustainability Leaders Index, while ARMR.AX tracks VettaFi Global Defence Leaders Index. Their fees differ too: 0.49% for FAIR.AX and 0.55% for ARMR.AX.

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