HBRD.AX vs. BANK.AX
HBRD.AX (Betashares Australian Credit Income Active ETF) and BANK.AX (Global X Australian Bank Credit ETF) are both Corporate Bonds funds. HBRD.AX is actively managed, while BANK.AX is passively managed. Over the past year, HBRD.AX returned 3.94% vs 4.33% for BANK.AX. At a 0.04 correlation, their price movements are largely independent.
Performance
HBRD.AX vs. BANK.AX - Performance Comparison
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Returns By Period
In the year-to-date period, HBRD.AX achieves a 1.65% return, which is significantly lower than BANK.AX's 2.36% return.
HBRD.AX
- 1D
- 0.00%
- 1M
- 0.60%
- 6M
- 1.59%
- YTD
- 1.65%
- 1Y
- 3.94%
- 3Y*
- 5.18%
- 5Y*
- 3.90%
- 10Y*
- —
BANK.AX
- 1D
- 0.10%
- 1M
- 0.71%
- 6M
- 2.05%
- YTD
- 2.36%
- 1Y
- 4.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBRD.AX vs. BANK.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HBRD.AX Betashares Australian Credit Income Active ETF | 1.65% | 4.39% | 2.96% |
BANK.AX Global X Australian Bank Credit ETF | 2.36% | 4.39% | 2.23% |
Correlation
The correlation between HBRD.AX and BANK.AX is 0.01, 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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2024 | 0.04 |
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Return for Risk
HBRD.AX vs. BANK.AX — Risk / Return Rank
HBRD.AX
BANK.AX
HBRD.AX vs. BANK.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Australian Credit Income Active ETF (HBRD.AX) and Global X Australian Bank Credit ETF (BANK.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.
| HBRD.AX | BANK.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.43 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.43 | 3.83 | +1.59 |
| Martin ratioReturn relative to average drawdown | 15.99 | 12.35 | +3.64 |
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Drawdowns
HBRD.AX vs. BANK.AX - Drawdown Comparison
The maximum HBRD.AX drawdown since its inception was -15.60%, which is greater than BANK.AX's maximum drawdown of -1.60%. Use the drawdown chart below to compare losses from any high point for HBRD.AX and BANK.AX.
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Drawdown Indicators
| HBRD.AX | BANK.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.60% | -1.60% | -14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -1.10% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -1.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -4.65% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.20% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -0.19% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.35% | -0.11% |
Volatility
HBRD.AX vs. BANK.AX - Volatility Comparison
The current volatility for Betashares Australian Credit Income Active ETF (HBRD.AX) is 0.33%, while Global X Australian Bank Credit ETF (BANK.AX) has a volatility of 0.48%. This indicates that HBRD.AX experiences smaller price fluctuations and is considered to be less risky than BANK.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBRD.AX | BANK.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.48% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 1.48% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.68% | 2.06% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.29% | 2.45% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 2.45% | +1.89% |
Dividends
HBRD.AX vs. BANK.AX - Dividend Comparison
HBRD.AX's dividend yield for the trailing twelve months is around 4.07%, less than BANK.AX's 5.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BANK.AX Global X Australian Bank Credit ETF | 5.10% | 5.31% | 1.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HBRD.AX Betashares Australian Credit Income Active ETF | 4.07% | 4.98% | 4.85% | 4.78% | 2.83% | 2.48% | 2.85% | 3.45% | 3.56% |
Frequently Asked Questions
HBRD.AX and BANK.AX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BetaShares and Global X.
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