OOO.AX vs. ARMR.AX
OOO.AX (Betashares Crude Oil Index Currency Hedged Complex ETF) and ARMR.AX (Betashares Global Defence ETF) are both exchange-traded funds - OOO.AX is a Global Equities fund actively managed by BetaShares, while ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index. OOO.AX is actively managed, while ARMR.AX is passively managed. Over the past year, OOO.AX returned 50.75% vs -3.36% for ARMR.AX. At a 0.01 correlation, their price movements are largely independent.
Performance
OOO.AX vs. ARMR.AX - Performance Comparison
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Returns By Period
In the year-to-date period, OOO.AX achieves a 63.70% return, which is significantly higher than ARMR.AX's -6.62% return.
OOO.AX
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 56.08%
- YTD
- 63.70%
- 1Y
- 50.75%
- 3Y*
- 19.00%
- 5Y*
- 11.34%
- 10Y*
- 0.01%
ARMR.AX
- 1D
- 0.45%
- 1M
- -3.73%
- 6M
- -19.26%
- YTD
- -6.62%
- 1Y
- -3.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OOO.AX vs. ARMR.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OOO.AX Betashares Crude Oil Index Currency Hedged Complex ETF | 63.70% | -7.58% | 2.59% |
ARMR.AX Betashares Global Defence ETF | -6.62% | 47.73% | 12.11% |
Correlation
The correlation between OOO.AX and ARMR.AX is 0.01, 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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2024 | 0.01 |
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Return for Risk
OOO.AX vs. ARMR.AX — Risk / Return Rank
OOO.AX
ARMR.AX
OOO.AX vs. ARMR.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.AX) and Betashares Global Defence ETF (ARMR.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.
| OOO.AX | ARMR.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.01 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | -0.09 | +1.53 |
| Martin ratioReturn relative to average drawdown | 3.62 | -0.18 | +3.80 |
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Drawdowns
OOO.AX vs. ARMR.AX - Drawdown Comparison
The maximum OOO.AX drawdown since its inception was -95.09%, which is greater than ARMR.AX's maximum drawdown of -22.93%. Use the drawdown chart below to compare losses from any high point for OOO.AX and ARMR.AX.
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Drawdown Indicators
| OOO.AX | ARMR.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.09% | -22.93% | -72.16% |
Max Drawdown (1Y)Largest decline over 1 year | -33.79% | -22.93% | -10.86% |
Max Drawdown (3Y)Largest decline over 3 years | -33.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -51.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.96% | — | — |
Current DrawdownCurrent decline from peak | -74.02% | -20.43% | -53.59% |
Average DrawdownAverage peak-to-trough decline | -64.58% | -5.62% | -58.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.72% | 10.96% | +2.76% |
Volatility
OOO.AX vs. ARMR.AX - Volatility Comparison
Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.AX) has a higher volatility of 12.86% compared to Betashares Global Defence ETF (ARMR.AX) at 8.91%. This indicates that OOO.AX's price experiences larger fluctuations and is considered to be riskier than ARMR.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OOO.AX | ARMR.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.86% | 8.91% | +3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 61.15% | 19.25% | +41.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.88% | 23.85% | +41.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.17% | 23.54% | +21.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.75% | 23.54% | +21.21% |
Dividends
OOO.AX vs. ARMR.AX - Dividend Comparison
OOO.AX's dividend yield for the trailing twelve months is around 4.10%, more than ARMR.AX's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | 2.08% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OOO.AX Betashares Crude Oil Index Currency Hedged Complex ETF | 4.10% | 0.00% | 4.68% | 0.00% | 19.05% | 28.49% | 16.20% | 5.92% | 3.11% | 0.00% | 0.00% | 1.06% |
Frequently Asked Questions
OOO.AX and ARMR.AX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OOO.AX is categorized as Global Equities, while ARMR.AX is Aerospace & Defense.
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