PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HBRD.AX vs. RCB.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HBRD.AX vs. RCB.AX

Last updated Jul 16, 2026
Documentation

HBRD.AX (Betashares Australian Credit Income Active ETF) and RCB.AX (Russell Investments Australian Select Corporate Bond ETF) are both Corporate Bonds funds. HBRD.AX is actively managed, while RCB.AX is passively managed. Over the past 5 years, HBRD.AX returned 3.90%/yr vs 1.99%/yr for RCB.AX. At a correlation of -0.02, they often move in opposite directions.

Performance

HBRD.AX vs. RCB.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 Russell Investments Australian Select Corporate Bond ETF (RCB.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both investments are quite close, with HBRD.AX having a 1.65% return and RCB.AX slightly higher at 1.68%.

HBRD.AX

1D
0.00%
1M
0.60%
6M
1.59%
YTD
1.65%
1Y
3.94%
3Y*
5.18%
5Y*
3.90%
10Y*
—

RCB.AX

1D
0.05%
1M
0.56%
6M
1.48%
YTD
1.68%
1Y
1.93%
3Y*
4.54%
5Y*
1.99%
10Y*
2.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
RCB.AX
Russell Investments Australian Select Corporate Bond ETF		1.68%4.03%4.73%5.33%-4.29%-1.83%5.58%6.27%2.87%0.07%

Correlation

The correlation between HBRD.AX and RCB.AX is 0.04, 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

0.04

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

0.02

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

-0.02

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Betashares Australian Credit Income Active ETF

Russell Investments Australian Select Corporate Bond ETF

Return for Risk

HBRD.AX vs. RCB.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: 9090
Overall Rank
HBRD.AX Sharpe Ratio Rank: 8686
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: 8989
Martin Ratio Rank
RCB.AX
RCB.AX Risk / Return Rank: 1919
Overall Rank
RCB.AX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
RCB.AX Sortino Ratio Rank: 1818
Sortino Ratio Rank
RCB.AX Omega Ratio Rank: 1818
Omega Ratio Rank
RCB.AX Calmar Ratio Rank: 1919
Calmar Ratio Rank
RCB.AX Martin Ratio Rank: 1919
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. RCB.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 Russell Investments Australian Select Corporate Bond ETF (RCB.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.AXRCB.AXDifference
Sharpe ratioReturn per unit of total volatility
2.24
0.53

+1.71

Sortino ratioReturn per unit of downside risk
3.27
0.81

+2.46

Omega ratioGain probability vs. loss probability

1.54

1.10

+0.44

Calmar ratioReturn relative to maximum drawdown

5.43

0.67

+4.76

Martin ratioReturn relative to average drawdown

15.99

1.65

+14.34

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

The current HBRD.AX Sharpe Ratio is 2.24, which is higher than the RCB.AX Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of HBRD.AX and RCB.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.

Loading charts...

Drawdowns

HBRD.AX vs. RCB.AX - Drawdown Comparison

The maximum HBRD.AX drawdown since its inception was -15.60%, which is greater than RCB.AX's maximum drawdown of -11.09%. Use the drawdown chart below to compare losses from any high point for HBRD.AX and RCB.AX.

Loading charts...

Drawdown Indicators

HBRD.AXRCB.AXDifference

Max Drawdown

Largest peak-to-trough decline

-15.60%

-11.09%

-4.51%

Max Drawdown (1Y)

Largest decline over 1 year

-0.69%

-2.86%

+2.17%

Max Drawdown (3Y)

Largest decline over 3 years

-1.02%

-2.86%

+1.84%

Max Drawdown (5Y)

Largest decline over 5 years

-4.65%

-8.30%

+3.65%

Max Drawdown (10Y)

Largest decline over 10 years

—

-11.09%

—

Current Drawdown

Current decline from peak

0.00%

-0.05%

+0.05%

Average Drawdown

Average peak-to-trough decline

-0.51%

-1.39%

+0.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.24%

1.18%

-0.94%

Volatility

HBRD.AX vs. RCB.AX - Volatility Comparison

The current volatility for Betashares Australian Credit Income Active ETF (HBRD.AX) is 0.33%, while Russell Investments Australian Select Corporate Bond ETF (RCB.AX) has a volatility of 0.59%. This indicates that HBRD.AX experiences smaller price fluctuations and is considered to be less risky than RCB.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HBRD.AXRCB.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.33%

0.59%

-0.26%

Volatility (6M)

Calculated over the trailing 6-month period

1.21%

2.67%

-1.46%

Volatility (1Y)

Calculated over the trailing 1-year period

1.68%

3.61%

-1.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.29%

3.68%

-1.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.34%

5.41%

-1.07%

Dividends

HBRD.AX vs. RCB.AX - Dividend Comparison

HBRD.AX's dividend yield for the trailing twelve months is around 4.07%, less than RCB.AX's 4.43% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%
RCB.AX
Russell Investments Australian Select Corporate Bond ETF		4.43%4.68%3.76%1.86%0.40%1.30%4.18%3.80%2.94%4.22%3.44%3.57%

Frequently Asked Questions

HBRD.AX and RCB.AX have a correlation of 0.04, 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 Russell.

Portfolio Optimizer

Find the right allocation for HBRD.AX and RCB.AX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer