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FUEL.AX vs. F100.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FUEL.AX vs. F100.AX

Last updated Jul 16, 2026
Documentation

FUEL.AX (Betashares Global Energy Companies Currency Hedged ETF) and F100.AX (Betashares FTSE 100 ETF) are both Global Equities funds from BetaShares - FUEL.AX tracks the Betashares Global Energy Companies Currency Hedged Index while F100.AX tracks the FTSE 100 Index. Both are passively managed. Over the past 5 years, FUEL.AX returned 15.31%/yr vs 11.10%/yr for F100.AX. At a 0.36 correlation, their price movements are largely independent.

Performance

FUEL.AX vs. F100.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 FTSE 100 ETF (F100.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, FUEL.AX achieves a 24.46% return, which is significantly higher than F100.AX's 1.78% return.

FUEL.AX

1D
-0.73%
1M
-0.67%
6M
17.84%
YTD
24.46%
1Y
30.85%
3Y*
13.25%
5Y*
15.31%
10Y*
5.96%

F100.AX

1D
0.40%
1M
1.45%
6M
0.85%
YTD
1.78%
1Y
11.20%
3Y*
14.72%
5Y*
11.10%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FUEL.AX vs. F100.AX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FUEL.AX
Betashares Global Energy Companies Currency Hedged ETF		24.46%10.28%-1.04%-2.17%37.74%29.02%-32.28%-2.39%
F100.AX
Betashares FTSE 100 ETF		1.78%25.77%14.12%11.00%-1.20%21.76%-16.05%7.82%

Correlation

The correlation between FUEL.AX and F100.AX is 0.03, 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

0.03

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

0.16

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

0.26

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2019

0.37

Over the past year, the correlation between FUEL.AX and F100.AX has dropped to 0.03 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

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Betashares Global Energy Companies Currency Hedged ETF

Betashares FTSE 100 ETF

Return for Risk

FUEL.AX vs. F100.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: 5252
Overall Rank
FUEL.AX Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
FUEL.AX Sortino Ratio Rank: 4949
Sortino Ratio Rank
FUEL.AX Omega Ratio Rank: 5151
Omega Ratio Rank
FUEL.AX Calmar Ratio Rank: 5959
Calmar Ratio Rank
FUEL.AX Martin Ratio Rank: 5252
Martin Ratio Rank
F100.AX
F100.AX Risk / Return Rank: 3333
Overall Rank
F100.AX Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
F100.AX Sortino Ratio Rank: 3434
Sortino Ratio Rank
F100.AX Omega Ratio Rank: 3232
Omega Ratio Rank
F100.AX Calmar Ratio Rank: 3131
Calmar Ratio Rank
F100.AX Martin Ratio Rank: 3333
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.

FUEL.AX vs. F100.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 FTSE 100 ETF (F100.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.AXF100.AXDifference
Sharpe ratioReturn per unit of total volatility
1.39
1.04

+0.35

Sortino ratioReturn per unit of downside risk
2.03
1.55

+0.47

Omega ratioGain probability vs. loss probability

1.27

1.19

+0.08

Calmar ratioReturn relative to maximum drawdown

2.42

1.33

+1.08

Martin ratioReturn relative to average drawdown

7.20

4.00

+3.20

FUEL.AX vs. F100.AX - Sharpe Ratio Comparison

The current FUEL.AX Sharpe Ratio is 1.39, which is higher than the F100.AX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of FUEL.AX and F100.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

FUEL.AX vs. F100.AX - Drawdown Comparison

The maximum FUEL.AX drawdown since its inception was -65.66%, which is greater than F100.AX's maximum drawdown of -31.78%. Use the drawdown chart below to compare losses from any high point for FUEL.AX and F100.AX.

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Drawdown Indicators

FUEL.AXF100.AXDifference

Max Drawdown

Largest peak-to-trough decline

-65.66%

-31.78%

-33.88%

Max Drawdown (1Y)

Largest decline over 1 year

-12.87%

-8.92%

-3.95%

Max Drawdown (3Y)

Largest decline over 3 years

-22.90%

-8.92%

-13.98%

Max Drawdown (5Y)

Largest decline over 5 years

-23.54%

-19.00%

-4.54%

Max Drawdown (10Y)

Largest decline over 10 years

-65.66%

—

—

Current Drawdown

Current decline from peak

-7.65%

-1.44%

-6.21%

Average Drawdown

Average peak-to-trough decline

-13.62%

-5.91%

-7.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.37%

3.00%

+1.37%

Volatility

FUEL.AX vs. F100.AX - Volatility Comparison

Betashares Global Energy Companies Currency Hedged ETF (FUEL.AX) has a higher volatility of 5.70% compared to Betashares FTSE 100 ETF (F100.AX) at 3.14%. This indicates that FUEL.AX's price experiences larger fluctuations and is considered to be riskier than F100.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.AXF100.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.70%

3.14%

+2.56%

Volatility (6M)

Calculated over the trailing 6-month period

19.38%

9.64%

+9.74%

Volatility (1Y)

Calculated over the trailing 1-year period

22.36%

11.48%

+10.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.26%

12.72%

+11.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.38%

14.90%

+11.48%

Dividends

FUEL.AX vs. F100.AX - Dividend Comparison

FUEL.AX's dividend yield for the trailing twelve months is around 3.37%, more than F100.AX's 2.25% yield.

PositionTTM202520242023202220212020201920182017
F100.AX
Betashares FTSE 100 ETF		2.25%3.09%1.91%1.57%1.62%2.13%2.40%0.00%0.00%0.00%
FUEL.AX
Betashares Global Energy Companies Currency Hedged ETF		3.37%0.00%2.16%0.00%0.00%4.04%1.64%1.25%1.92%3.02%

Frequently Asked Questions

FUEL.AX and F100.AX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FUEL.AX tracks Betashares Global Energy Companies Currency Hedged Index, while F100.AX tracks FTSE 100 Index.

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