FUEL.AX vs. ASIA.AX

Last updated Jul 18, 2026

FUEL.AX (Betashares Global Energy Companies Currency Hedged ETF) and ASIA.AX (BetaShares Asia Technology Tigers ETF) are both exchange-traded funds - FUEL.AX is a Global Equities fund tracking the Betashares Global Energy Companies Currency Hedged Index, while ASIA.AX is a Technology Equities fund tracking the Solactive Asia Ex-Japan Technology & Internet Tigers Index. Both are passively managed. Over the past 5 years, FUEL.AX returned 15.37%/yr vs 12.06%/yr for ASIA.AX. At a 0.18 correlation, their price movements are largely independent.

Performance

FUEL.AX vs. ASIA.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Global Energy Companies Currency Hedged ETF (FUEL.AX) and BetaShares Asia Technology Tigers ETF (ASIA.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUEL.AX achieves a 24.77% return, which is significantly lower than ASIA.AX's 33.55% return.

FUEL.AX

• 1D: 0.25%
• 1M: 2.61%
• 6M: 21.01%
• YTD: 24.77%
• 1Y: 32.20%
• 3Y*: 13.02%
• 5Y*: 15.37%
• 10Y*: 5.97%

ASIA.AX

• 1D: -5.73%
• 1M: -15.00%
• 6M: 22.71%
• YTD: 33.55%
• 1Y: 60.17%
• 3Y*: 37.53%
• 5Y*: 12.06%
• 10Y*: —

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

FUEL.AX vs. ASIA.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FUEL.AX Betashares Global Energy Companies Currency Hedged ETF	24.77%	10.28%	-1.04%	-2.17%	37.74%	29.02%	-32.28%	10.04%	-17.03%
ASIA.AX BetaShares Asia Technology Tigers ETF	33.55%	43.48%	34.52%	10.84%	-26.08%	-15.49%	62.13%	36.05%	-14.17%

Correlation

The correlation between FUEL.AX and ASIA.AX is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Sep 18, 2018	0.18

The correlation between FUEL.AX and ASIA.AX shifts across timeframes, from -0.10 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FUEL.AX vs. ASIA.AX — Risk / Return Rank

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

FUEL.AX

FUEL.AX Risk / Return Rank: 57
FUEL.AX Sharpe Ratio Rank: 54
FUEL.AX Sortino Ratio Rank: 55
FUEL.AX Omega Ratio Rank: 57
FUEL.AX Calmar Ratio Rank: 65
FUEL.AX Martin Ratio Rank: 56

ASIA.AX

ASIA.AX Risk / Return Rank: 72
ASIA.AX Sharpe Ratio Rank: 72
ASIA.AX Sortino Ratio Rank: 61
ASIA.AX Omega Ratio Rank: 67
ASIA.AX Calmar Ratio Rank: 80
ASIA.AX Martin Ratio Rank: 79

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.

FUEL.AX vs. ASIA.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Betashares Global Energy Companies Currency Hedged ETF (FUEL.AX) and BetaShares Asia Technology Tigers ETF (ASIA.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.

	FUEL.AX	ASIA.AX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.73	-0.33
Sortino ratio: Return per unit of downside risk	2.03	2.18	-0.15
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.42	3.11	-0.69
Martin ratio: Return relative to average drawdown	7.19	10.90	-3.71

FUEL.AX vs. ASIA.AX - Sharpe Ratio Comparison

The current FUEL.AX Sharpe Ratio is 1.40, which is comparable to the ASIA.AX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of FUEL.AX and ASIA.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.

Drawdowns

FUEL.AX vs. ASIA.AX - Drawdown Comparison

The maximum FUEL.AX drawdown since its inception was -65.66%, which is greater than ASIA.AX's maximum drawdown of -59.62%. Use the drawdown chart below to compare losses from any high point for FUEL.AX and ASIA.AX.

Drawdown Indicators

	FUEL.AX	ASIA.AX	Difference
Max Drawdown Largest peak-to-trough decline	-65.66%	-59.62%	-6.04%
Max Drawdown (1Y) Largest decline over 1 year	-12.87%	-18.67%	+5.80%
Max Drawdown (3Y) Largest decline over 3 years	-22.90%	-18.67%	-4.23%
Max Drawdown (5Y) Largest decline over 5 years	-23.54%	-50.14%	+26.60%
Max Drawdown (10Y) Largest decline over 10 years	-65.66%	—	—
Current Drawdown Current decline from peak	-7.42%	-18.67%	+11.25%
Average Drawdown Average peak-to-trough decline	-13.62%	-21.86%	+8.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.40%	5.41%	-1.01%

Volatility

FUEL.AX vs. ASIA.AX - Volatility Comparison

The current volatility for Betashares Global Energy Companies Currency Hedged ETF (FUEL.AX) is 5.61%, while BetaShares Asia Technology Tigers ETF (ASIA.AX) has a volatility of 16.03%. This indicates that FUEL.AX experiences smaller price fluctuations and is considered to be less risky than ASIA.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUEL.AX	ASIA.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	16.03%	-10.42%
Volatility (6M) Calculated over the trailing 6-month period	19.38%	30.65%	-11.27%
Volatility (1Y) Calculated over the trailing 1-year period	22.34%	33.59%	-11.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.25%	27.81%	-3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.38%	26.27%	+0.11%

Dividends

FUEL.AX vs. ASIA.AX - Dividend Comparison

FUEL.AX's dividend yield for the trailing twelve months is around 3.36%, more than ASIA.AX's 1.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASIA.AX BetaShares Asia Technology Tigers ETF	1.65%	0.61%	0.29%	0.05%	1.16%	4.15%	1.01%	0.00%	0.00%	0.00%
FUEL.AX Betashares Global Energy Companies Currency Hedged ETF	3.36%	0.00%	2.16%	0.00%	0.00%	4.04%	1.64%	1.25%	1.92%	3.02%

Frequently Asked Questions

Can I hold both FUEL.AX and ASIA.AX in my portfolio?

FUEL.AX and ASIA.AX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FUEL.AX and ASIA.AX?

FUEL.AX is categorized as Global Equities, while ASIA.AX is Technology Equities. FUEL.AX tracks Betashares Global Energy Companies Currency Hedged Index, while ASIA.AX tracks Solactive Asia Ex-Japan Technology & Internet Tigers Index.