HVST.AX vs. INCM.AX
HVST.AX (Betashares Australian Dividend Harvester Active ETF) and INCM.AX (Betashares S&P Global High Dividend Aristocrats ETF) are both Dividend funds from BetaShares. HVST.AX is actively managed, while INCM.AX is passively managed. Over the past 5 years, HVST.AX returned 4.49%/yr vs 11.21%/yr for INCM.AX. At a 0.38 correlation, their price movements are largely independent.
Performance
HVST.AX vs. INCM.AX - Performance Comparison
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Returns By Period
In the year-to-date period, HVST.AX achieves a -0.74% return, which is significantly lower than INCM.AX's 5.20% return.
HVST.AX
- 1D
- 0.23%
- 1M
- -0.37%
- 6M
- -0.30%
- YTD
- -0.74%
- 1Y
- 0.11%
- 3Y*
- 7.22%
- 5Y*
- 4.49%
- 10Y*
- 2.51%
INCM.AX
- 1D
- 0.45%
- 1M
- 1.52%
- 6M
- 5.09%
- YTD
- 5.20%
- 1Y
- 13.25%
- 3Y*
- 15.38%
- 5Y*
- 11.21%
- 10Y*
- —
HVST.AX vs. INCM.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HVST.AX Betashares Australian Dividend Harvester Active ETF | -0.74% | 6.89% | 10.85% | 8.84% | -3.51% | 8.41% | -2.12% | 13.98% | -0.91% |
INCM.AX Betashares S&P Global High Dividend Aristocrats ETF | 5.20% | 12.81% | 22.92% | 3.86% | 5.85% | 25.47% | -23.29% | 22.95% | -4.68% |
Correlation
The correlation between HVST.AX and INCM.AX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.38 |
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Return for Risk
HVST.AX vs. INCM.AX — Risk / Return Rank
HVST.AX
INCM.AX
HVST.AX vs. INCM.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Australian Dividend Harvester Active ETF (HVST.AX) and Betashares S&P Global High Dividend Aristocrats ETF (INCM.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.
| HVST.AX | INCM.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.29 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 1.80 | -1.72 |
| Martin ratioReturn relative to average drawdown | 0.17 | 4.94 | -4.77 |
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Drawdowns
HVST.AX vs. INCM.AX - Drawdown Comparison
The maximum HVST.AX drawdown since its inception was -23.38%, smaller than the maximum INCM.AX drawdown of -35.00%. Use the drawdown chart below to compare losses from any high point for HVST.AX and INCM.AX.
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Drawdown Indicators
| HVST.AX | INCM.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.38% | -35.00% | +11.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -7.73% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -13.07% | -8.19% | -4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -14.71% | -9.48% | -5.23% |
Max Drawdown (10Y)Largest decline over 10 years | -18.92% | — | — |
Current DrawdownCurrent decline from peak | -4.62% | -1.04% | -3.58% |
Average DrawdownAverage peak-to-trough decline | -9.57% | -6.90% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 2.86% | +1.65% |
Volatility
HVST.AX vs. INCM.AX - Volatility Comparison
Betashares Australian Dividend Harvester Active ETF (HVST.AX) and Betashares S&P Global High Dividend Aristocrats ETF (INCM.AX) have volatilities of 2.47% and 2.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HVST.AX | INCM.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 2.57% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 6.74% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 8.79% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 11.87% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.15% | 14.65% | -3.50% |
Dividends
HVST.AX vs. INCM.AX - Dividend Comparison
HVST.AX's dividend yield for the trailing twelve months is around 4.29%, less than INCM.AX's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HVST.AX Betashares Australian Dividend Harvester Active ETF | 4.29% | 5.26% | 4.93% | 6.13% | 6.64% | 6.19% | 7.01% | 10.96% | 10.87% | 10.37% | 9.21% | 8.07% |
INCM.AX Betashares S&P Global High Dividend Aristocrats ETF | 4.38% | 5.93% | 2.87% | 3.43% | 3.03% | 3.06% | 3.97% | 3.20% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HVST.AX and INCM.AX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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