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HBRD.AX vs. ETHI.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HBRD.AX vs. ETHI.AX

Last updated Jul 18, 2026
Documentation

HBRD.AX (Betashares Australian Credit Income Active ETF) and ETHI.AX (Betashares Global Sustainability Leaders ETF) are both exchange-traded funds - HBRD.AX is a Corporate Bonds fund actively managed by BetaShares, while ETHI.AX is a Global Equities fund tracking the Nasdaq Future Global Sustainability Leaders Index. HBRD.AX is actively managed, while ETHI.AX is passively managed. Over the past 5 years, HBRD.AX returned 3.88%/yr vs 9.47%/yr for ETHI.AX. At a 0.09 correlation, their price movements are largely independent.

Performance

HBRD.AX vs. ETHI.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Australian Credit Income Active ETF (HBRD.AX) and Betashares Global Sustainability Leaders ETF (ETHI.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, HBRD.AX achieves a 1.55% return, which is significantly lower than ETHI.AX's 3.50% return.

HBRD.AX

1D
-0.10%
1M
0.50%
6M
1.38%
YTD
1.55%
1Y
3.73%
3Y*
5.15%
5Y*
3.88%
10Y*
—

ETHI.AX

1D
-0.47%
1M
3.13%
6M
3.44%
YTD
3.50%
1Y
8.84%
3Y*
13.29%
5Y*
9.47%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HBRD.AX vs. ETHI.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HBRD.AX
Betashares Australian Credit Income Active ETF		1.55%4.39%6.15%3.70%1.71%4.14%2.74%5.71%2.20%1.40%
ETHI.AX
Betashares Global Sustainability Leaders ETF		3.50%4.56%27.20%22.81%-15.53%31.01%24.65%36.89%6.85%0.72%

Correlation

The correlation between HBRD.AX and ETHI.AX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

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

0.04

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

0.09

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2017

0.09

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Betashares Australian Credit Income Active ETF

Betashares Global Sustainability Leaders ETF

Often compared with HBRD.AX:
HBRD.AX vs. BANK.AXHBRD.AX vs. FLOT.AXHBRD.AX vs. IHCB.AXHBRD.AX vs. PLUS.AXHBRD.AX vs. RCB.AXHBRD.AX vs. VACF.AXHBRD.AX vs. VCF.AX
Often compared with ETHI.AX:
ETHI.AX vs. ARMR.AXETHI.AX vs. CORE.AXETHI.AX vs. ESGI.AXETHI.AX vs. ESTX.AXETHI.AX vs. F100.AXETHI.AX vs. VGS.AXETHI.AX vs. DHHF.AX

Return for Risk

HBRD.AX vs. ETHI.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HBRD.AX
HBRD.AX Risk / Return Rank: 9191
Overall Rank
HBRD.AX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
HBRD.AX Sortino Ratio Rank: 8888
Sortino Ratio Rank
HBRD.AX Omega Ratio Rank: 9494
Omega Ratio Rank
HBRD.AX Calmar Ratio Rank: 9494
Calmar Ratio Rank
HBRD.AX Martin Ratio Rank: 9191
Martin Ratio Rank
ETHI.AX
ETHI.AX Risk / Return Rank: 2323
Overall Rank
ETHI.AX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
ETHI.AX Sortino Ratio Rank: 2525
Sortino Ratio Rank
ETHI.AX Omega Ratio Rank: 2626
Omega Ratio Rank
ETHI.AX Calmar Ratio Rank: 1919
Calmar Ratio Rank
ETHI.AX Martin Ratio Rank: 1818
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.

HBRD.AX vs. ETHI.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 Betashares Global Sustainability Leaders ETF (ETHI.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.AXETHI.AXDifference
Sharpe ratioReturn per unit of total volatility
2.17
0.74

+1.44

Sortino ratioReturn per unit of downside risk
3.17
1.10

+2.07

Omega ratioGain probability vs. loss probability

1.52

1.14

+0.38

Calmar ratioReturn relative to maximum drawdown

5.28

0.57

+4.71

Martin ratioReturn relative to average drawdown

15.56

1.35

+14.21

HBRD.AX vs. ETHI.AX - Sharpe Ratio Comparison

The current HBRD.AX Sharpe Ratio is 2.17, which is higher than the ETHI.AX Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of HBRD.AX and ETHI.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

HBRD.AX vs. ETHI.AX - Drawdown Comparison

The maximum HBRD.AX drawdown since its inception was -15.60%, smaller than the maximum ETHI.AX drawdown of -25.44%. Use the drawdown chart below to compare losses from any high point for HBRD.AX and ETHI.AX.

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Drawdown Indicators

HBRD.AXETHI.AXDifference

Max Drawdown

Largest peak-to-trough decline

-15.60%

-25.44%

+9.84%

Max Drawdown (1Y)

Largest decline over 1 year

-0.69%

-14.99%

+14.30%

Max Drawdown (3Y)

Largest decline over 3 years

-1.02%

-15.65%

+14.63%

Max Drawdown (5Y)

Largest decline over 5 years

-4.65%

-25.44%

+20.79%

Current Drawdown

Current decline from peak

-0.10%

-1.46%

+1.36%

Average Drawdown

Average peak-to-trough decline

-0.51%

-4.63%

+4.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.24%

6.42%

-6.18%

Volatility

HBRD.AX vs. ETHI.AX - Volatility Comparison

The current volatility for Betashares Australian Credit Income Active ETF (HBRD.AX) is 0.35%, while Betashares Global Sustainability Leaders ETF (ETHI.AX) has a volatility of 2.86%. This indicates that HBRD.AX experiences smaller price fluctuations and is considered to be less risky than ETHI.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.AXETHI.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.35%

2.86%

-2.51%

Volatility (6M)

Calculated over the trailing 6-month period

1.21%

9.70%

-8.49%

Volatility (1Y)

Calculated over the trailing 1-year period

1.68%

11.66%

-9.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.29%

14.05%

-11.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.34%

14.73%

-10.39%

Dividends

HBRD.AX vs. ETHI.AX - Dividend Comparison

HBRD.AX's dividend yield for the trailing twelve months is around 4.07%, more than ETHI.AX's 1.55% yield.

PositionTTM202520242023202220212020201920182017
ETHI.AX
Betashares Global Sustainability Leaders ETF		1.55%1.86%2.11%4.40%2.43%5.04%10.20%3.90%1.69%1.13%
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%0.00%

Frequently Asked Questions

HBRD.AX and ETHI.AX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HBRD.AX is categorized as Corporate Bonds, while ETHI.AX is Global Equities.

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