HBRD.AX vs. FLOT.AX
HBRD.AX (Betashares Australian Credit Income Active ETF) and FLOT.AX (VanEck Australian Floating Rate ETF) are both Corporate Bonds funds. HBRD.AX is actively managed, while FLOT.AX is passively managed. Over the past 5 years, HBRD.AX returned 3.90%/yr vs 3.38%/yr for FLOT.AX. At a 0.03 correlation, their price movements are largely independent.
Performance
HBRD.AX vs. FLOT.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 FLOT.AX's 1.78% 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*
- —
FLOT.AX
- 1D
- 0.08%
- 1M
- 0.44%
- 6M
- 1.66%
- YTD
- 1.78%
- 1Y
- 3.57%
- 3Y*
- 4.55%
- 5Y*
- 3.38%
- 10Y*
- —
HBRD.AX vs. FLOT.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBRD.AX Betashares Australian Credit Income Active ETF | 1.65% | 4.39% | 6.15% | 3.70% | 1.71% | 4.14% | 2.74% | 5.71% | 2.20% | 1.40% |
FLOT.AX VanEck Australian Floating Rate ETF | 1.78% | 4.53% | 5.19% | 4.66% | 0.94% | 0.16% | 1.67% | 2.58% | 1.95% | 0.16% |
Correlation
The correlation between HBRD.AX and FLOT.AX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2017 | 0.03 |
The correlation between HBRD.AX and FLOT.AX shifts across timeframes, from 0.03 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HBRD.AX vs. FLOT.AX — Risk / Return Rank
HBRD.AX
FLOT.AX
HBRD.AX vs. FLOT.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 VanEck Australian Floating Rate ETF (FLOT.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 | FLOT.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.54 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 5.43 | 7.10 | -1.67 |
| Martin ratioReturn relative to average drawdown | 15.99 | 19.26 | -3.26 |
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Drawdowns
HBRD.AX vs. FLOT.AX - Drawdown Comparison
The maximum HBRD.AX drawdown since its inception was -15.60%, which is greater than FLOT.AX's maximum drawdown of -9.44%. Use the drawdown chart below to compare losses from any high point for HBRD.AX and FLOT.AX.
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Drawdown Indicators
| HBRD.AX | FLOT.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.60% | -9.44% | -6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -0.48% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -1.02% | -0.84% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -4.65% | -1.36% | -3.29% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -0.18% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.18% | +0.06% |
Volatility
HBRD.AX vs. FLOT.AX - Volatility Comparison
Betashares Australian Credit Income Active ETF (HBRD.AX) has a higher volatility of 0.33% compared to VanEck Australian Floating Rate ETF (FLOT.AX) at 0.30%. This indicates that HBRD.AX's price experiences larger fluctuations and is considered to be riskier than FLOT.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 | FLOT.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.30% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 1.08% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.68% | 1.44% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.29% | 1.41% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 3.16% | +1.18% |
Dividends
HBRD.AX vs. FLOT.AX - Dividend Comparison
HBRD.AX's dividend yield for the trailing twelve months is around 4.07%, more than FLOT.AX's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLOT.AX VanEck Australian Floating Rate ETF | 3.38% | 4.30% | 4.56% | 4.30% | 1.53% | 0.92% | 1.33% | 2.47% | 2.02% | 1.20% |
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 FLOT.AX have a correlation of 0.14, 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 VanEck.
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