FUEL.AX vs. AUST.AX
FUEL.AX (Betashares Global Energy Companies Currency Hedged ETF) and AUST.AX (BetaShares Managed Risk Australian Shares Complex ETF) are both exchange-traded funds - FUEL.AX is a Global Equities fund tracking the Betashares Global Energy Companies Currency Hedged Index, while AUST.AX is a Australia Equities fund actively managed by BetaShares. FUEL.AX is passively managed, while AUST.AX is actively managed. Over the past 10 years, FUEL.AX returned 5.97%/yr vs 3.48%/yr for AUST.AX. At a 0.31 correlation, their price movements are largely independent.
Performance
FUEL.AX vs. AUST.AX - Performance Comparison
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Returns By Period
In the year-to-date period, FUEL.AX achieves a 24.77% return, which is significantly higher than AUST.AX's -0.30% return. Over the past 10 years, FUEL.AX has outperformed AUST.AX with an annualized return of 5.97%, while AUST.AX has yielded a comparatively lower 3.48% annualized 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%
AUST.AX
- 1D
- -0.23%
- 1M
- -1.13%
- 6M
- -0.25%
- YTD
- -0.30%
- 1Y
- 1.85%
- 3Y*
- 5.01%
- 5Y*
- 1.88%
- 10Y*
- 3.48%
FUEL.AX vs. AUST.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -11.41% | 2.28% |
AUST.AX BetaShares Managed Risk Australian Shares Complex ETF | -0.30% | 4.29% | 5.47% | 4.56% | -6.74% | 12.28% | -2.64% | 17.64% | -6.77% | 7.12% |
Correlation
The correlation between FUEL.AX and AUST.AX is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2016 | 0.31 |
Over the past year, the correlation between FUEL.AX and AUST.AX has dropped to 0.05 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
FUEL.AX vs. AUST.AX — Risk / Return Rank
FUEL.AX
AUST.AX
FUEL.AX vs. AUST.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 Managed Risk Australian Shares Complex ETF (AUST.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 | AUST.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.04 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 0.25 | +2.17 |
| Martin ratioReturn relative to average drawdown | 7.19 | 0.45 | +6.74 |
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Drawdowns
FUEL.AX vs. AUST.AX - Drawdown Comparison
The maximum FUEL.AX drawdown since its inception was -65.66%, which is greater than AUST.AX's maximum drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for FUEL.AX and AUST.AX.
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Drawdown Indicators
| FUEL.AX | AUST.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.66% | -20.24% | -45.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -7.16% | -5.71% |
Max Drawdown (3Y)Largest decline over 3 years | -22.90% | -11.49% | -11.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.54% | -12.58% | -10.96% |
Max Drawdown (10Y)Largest decline over 10 years | -65.66% | -20.24% | -45.42% |
Current DrawdownCurrent decline from peak | -7.42% | -4.41% | -3.01% |
Average DrawdownAverage peak-to-trough decline | -13.62% | -4.56% | -9.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 4.08% | +0.32% |
Volatility
FUEL.AX vs. AUST.AX - Volatility Comparison
Betashares Global Energy Companies Currency Hedged ETF (FUEL.AX) has a higher volatility of 5.61% compared to BetaShares Managed Risk Australian Shares Complex ETF (AUST.AX) at 2.34%. This indicates that FUEL.AX's price experiences larger fluctuations and is considered to be riskier than AUST.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUEL.AX | AUST.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 2.34% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 19.38% | 7.97% | +11.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.34% | 10.31% | +12.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.25% | 10.21% | +14.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.38% | 10.21% | +16.17% |
Dividends
FUEL.AX vs. AUST.AX - Dividend Comparison
FUEL.AX's dividend yield for the trailing twelve months is around 3.36%, more than AUST.AX's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AUST.AX BetaShares Managed Risk Australian Shares Complex ETF | 1.39% | 1.18% | 1.58% | 1.60% | 2.16% | 2.37% | 3.13% | 3.02% | 1.62% | 1.09% | 0.42% |
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% | 0.00% |
Frequently Asked Questions
FUEL.AX and AUST.AX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUEL.AX is categorized as Global Equities, while AUST.AX is Australia Equities.
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