PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FOOD.AX vs. QMIX.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FOOD.AX vs. QMIX.AX

Last updated Jul 16, 2026
Documentation

FOOD.AX (Betashares Global Agriculture Companies Currency Hedged ETF) and QMIX.AX (SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF) are both Global Equities funds - FOOD.AX tracks the Betashares Global Agriculture Companies Currency Hedged Index while QMIX.AX tracks the SPDR Index. Both are passively managed. Over the past 5 years, FOOD.AX returned 4.85%/yr vs 11.84%/yr for QMIX.AX. At a 0.26 correlation, their price movements are largely independent.

Performance

FOOD.AX vs. QMIX.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Global Agriculture Companies Currency Hedged ETF (FOOD.AX) and SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FOOD.AX achieves a 13.63% return, which is significantly higher than QMIX.AX's 4.91% return.

FOOD.AX

1D
0.38%
1M
1.59%
6M
11.05%
YTD
13.63%
1Y
19.32%
3Y*
7.23%
5Y*
4.85%
10Y*
—

QMIX.AX

1D
0.11%
1M
1.32%
6M
2.97%
YTD
4.91%
1Y
12.46%
3Y*
15.74%
5Y*
11.84%
10Y*
12.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FOOD.AX vs. QMIX.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FOOD.AX
Betashares Global Agriculture Companies Currency Hedged ETF		13.63%16.69%-5.50%-5.20%-1.14%24.32%3.36%17.26%-14.88%15.67%
QMIX.AX
SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF		4.91%12.23%24.29%18.07%-6.97%28.75%-1.08%29.52%0.77%14.11%

Correlation

The correlation between FOOD.AX and QMIX.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 (3Y)
Calculated over the trailing 3-year period

0.23

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

0.27

Correlation (All Time)
Calculated using the full available price history since Aug 2, 2016

0.26

Compare stocks, funds, or ETFs

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

Betashares Global Agriculture Companies Currency Hedged ETF

SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF

Return for Risk

FOOD.AX vs. QMIX.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FOOD.AX
FOOD.AX Risk / Return Rank: 4141
Overall Rank
FOOD.AX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
FOOD.AX Sortino Ratio Rank: 4242
Sortino Ratio Rank
FOOD.AX Omega Ratio Rank: 4040
Omega Ratio Rank
FOOD.AX Calmar Ratio Rank: 4343
Calmar Ratio Rank
FOOD.AX Martin Ratio Rank: 4040
Martin Ratio Rank
QMIX.AX
QMIX.AX Risk / Return Rank: 4747
Overall Rank
QMIX.AX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
QMIX.AX Sortino Ratio Rank: 5353
Sortino Ratio Rank
QMIX.AX Omega Ratio Rank: 5252
Omega Ratio Rank
QMIX.AX Calmar Ratio Rank: 3939
Calmar Ratio Rank
QMIX.AX Martin Ratio Rank: 4040
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.

FOOD.AX vs. QMIX.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Betashares Global Agriculture Companies Currency Hedged ETF (FOOD.AX) and SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.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.

FOOD.AXQMIX.AXDifference
Sharpe ratioReturn per unit of total volatility
1.22
1.49

-0.28

Sortino ratioReturn per unit of downside risk
1.82
2.13

-0.31

Omega ratioGain probability vs. loss probability

1.22

1.27

-0.04

Calmar ratioReturn relative to maximum drawdown

1.81

1.64

+0.16

Martin ratioReturn relative to average drawdown

5.18

5.21

-0.04

FOOD.AX vs. QMIX.AX - Sharpe Ratio Comparison

The current FOOD.AX Sharpe Ratio is 1.22, which is comparable to the QMIX.AX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of FOOD.AX and QMIX.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.

Loading charts...

Drawdowns

FOOD.AX vs. QMIX.AX - Drawdown Comparison

The maximum FOOD.AX drawdown since its inception was -39.46%, which is greater than QMIX.AX's maximum drawdown of -22.24%. Use the drawdown chart below to compare losses from any high point for FOOD.AX and QMIX.AX.

Loading charts...

Drawdown Indicators

FOOD.AXQMIX.AXDifference

Max Drawdown

Largest peak-to-trough decline

-39.46%

-22.24%

-17.22%

Max Drawdown (1Y)

Largest decline over 1 year

-11.06%

-7.75%

-3.31%

Max Drawdown (3Y)

Largest decline over 3 years

-22.20%

-10.87%

-11.33%

Max Drawdown (5Y)

Largest decline over 5 years

-34.67%

-16.24%

-18.43%

Max Drawdown (10Y)

Largest decline over 10 years

—

-22.24%

—

Current Drawdown

Current decline from peak

-5.87%

-1.01%

-4.86%

Average Drawdown

Average peak-to-trough decline

-11.38%

-3.60%

-7.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.89%

2.48%

+1.41%

Volatility

FOOD.AX vs. QMIX.AX - Volatility Comparison

Betashares Global Agriculture Companies Currency Hedged ETF (FOOD.AX) has a higher volatility of 3.76% compared to SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.AX) at 1.84%. This indicates that FOOD.AX's price experiences larger fluctuations and is considered to be riskier than QMIX.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

FOOD.AXQMIX.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

1.84%

+1.92%

Volatility (6M)

Calculated over the trailing 6-month period

13.70%

7.06%

+6.64%

Volatility (1Y)

Calculated over the trailing 1-year period

16.49%

8.57%

+7.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.48%

12.81%

+4.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.50%

13.23%

+4.27%

Dividends

FOOD.AX vs. QMIX.AX - Dividend Comparison

FOOD.AX's dividend yield for the trailing twelve months is around 3.96%, less than QMIX.AX's 4.45% yield.

PositionTTM2025202420232022202120202019201820172016
FOOD.AX
Betashares Global Agriculture Companies Currency Hedged ETF		3.96%0.00%1.48%0.00%2.57%3.39%0.00%0.46%3.60%0.00%0.00%
QMIX.AX
SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF		4.45%3.81%3.95%2.88%4.15%2.83%4.71%2.69%2.73%2.21%2.68%

Frequently Asked Questions

FOOD.AX and QMIX.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.

FOOD.AX tracks Betashares Global Agriculture Companies Currency Hedged Index, while QMIX.AX tracks SPDR Index. They also come from different issuers: BetaShares and SPDR.

Portfolio Optimizer

Find the right allocation for FOOD.AX and QMIX.AX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer