HBRD.AX vs. PLUS.AX
HBRD.AX (Betashares Australian Credit Income Active ETF) and PLUS.AX (VanEck Australian Corporate Bond Plus ETF) are both Corporate Bonds funds. HBRD.AX is actively managed, while PLUS.AX is passively managed. Over the past 5 years, HBRD.AX returned 3.90%/yr vs 1.01%/yr for PLUS.AX. At a 0.02 correlation, their price movements are largely independent.
Performance
HBRD.AX vs. PLUS.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 higher than PLUS.AX's 1.15% 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*
- —
PLUS.AX
- 1D
- 0.12%
- 1M
- 0.27%
- 6M
- 0.67%
- YTD
- 1.15%
- 1Y
- 1.90%
- 3Y*
- 5.38%
- 5Y*
- 1.01%
- 10Y*
- —
HBRD.AX vs. PLUS.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% |
PLUS.AX VanEck Australian Corporate Bond Plus ETF | 1.15% | 5.01% | 5.49% | 7.67% | -10.32% | -2.09% | 5.51% | 8.91% | 2.97% | -0.17% |
Correlation
The correlation between HBRD.AX and PLUS.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 | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2017 | 0.02 |
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Return for Risk
HBRD.AX vs. PLUS.AX — Risk / Return Rank
HBRD.AX
PLUS.AX
HBRD.AX vs. PLUS.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 Corporate Bond Plus ETF (PLUS.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 | PLUS.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.08 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 5.43 | 0.45 | +4.97 |
| Martin ratioReturn relative to average drawdown | 15.99 | 0.96 | +15.03 |
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Drawdowns
HBRD.AX vs. PLUS.AX - Drawdown Comparison
The maximum HBRD.AX drawdown since its inception was -15.60%, smaller than the maximum PLUS.AX drawdown of -16.54%. Use the drawdown chart below to compare losses from any high point for HBRD.AX and PLUS.AX.
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Drawdown Indicators
| HBRD.AX | PLUS.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.60% | -16.54% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -3.81% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -1.02% | -3.81% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -4.65% | -16.54% | +11.89% |
Current DrawdownCurrent decline from peak | 0.00% | -0.83% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -3.57% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 1.82% | -1.58% |
Volatility
HBRD.AX vs. PLUS.AX - Volatility Comparison
The current volatility for Betashares Australian Credit Income Active ETF (HBRD.AX) is 0.33%, while VanEck Australian Corporate Bond Plus ETF (PLUS.AX) has a volatility of 0.76%. This indicates that HBRD.AX experiences smaller price fluctuations and is considered to be less risky than PLUS.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 | PLUS.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.76% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 2.72% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.68% | 3.63% | -1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.29% | 5.28% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 6.90% | -2.56% |
Dividends
HBRD.AX vs. PLUS.AX - Dividend Comparison
HBRD.AX's dividend yield for the trailing twelve months is around 4.07%, more than PLUS.AX's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PLUS.AX VanEck Australian Corporate Bond Plus ETF | 3.68% | 4.15% | 3.44% | 2.99% | 3.06% | 2.20% | 2.42% | 3.41% | 2.57% | 0.94% |
Frequently Asked Questions
HBRD.AX and PLUS.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.
They also come from different issuers: BetaShares and VanEck.
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