PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
OOO.AX vs. EX20.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OOO.AX vs. EX20.AX

Last updated Jul 16, 2026
Documentation

OOO.AX (Betashares Crude Oil Index Currency Hedged Complex ETF) and EX20.AX (Betashares Australian Ex-20 Portfolio Diversifier ETF) are both exchange-traded funds - OOO.AX is a Global Equities fund actively managed by BetaShares, while EX20.AX is a Australian Equities fund tracking the Solactive Australia ex 20 Index. OOO.AX is actively managed, while EX20.AX is passively managed. Over the past 5 years, OOO.AX returned 11.34%/yr vs 3.80%/yr for EX20.AX. At a 0.16 correlation, their price movements are largely independent.

Performance

OOO.AX vs. EX20.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.AX) and Betashares Australian Ex-20 Portfolio Diversifier ETF (EX20.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, OOO.AX achieves a 63.70% return, which is significantly higher than EX20.AX's -6.84% 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%

EX20.AX

1D
0.18%
1M
-2.97%
6M
-8.41%
YTD
-6.84%
1Y
-2.67%
3Y*
5.51%
5Y*
3.80%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

OOO.AX vs. EX20.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
OOO.AX
Betashares Crude Oil Index Currency Hedged Complex ETF		63.70%-7.58%10.33%-4.20%-1.77%80.75%-69.47%32.63%-20.15%2.22%
EX20.AX
Betashares Australian Ex-20 Portfolio Diversifier ETF		-6.84%14.21%10.11%6.68%-10.28%16.05%1.28%26.55%-6.17%18.94%

Correlation

The correlation between OOO.AX and EX20.AX is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.29

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

-0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Oct 5, 2016

0.16

The correlation between OOO.AX and EX20.AX shifts across timeframes, from -0.29 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

Betashares Crude Oil Index Currency Hedged Complex ETF

Betashares Australian Ex-20 Portfolio Diversifier ETF

Return for Risk

OOO.AX vs. EX20.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OOO.AX
OOO.AX Risk / Return Rank: 3434
Overall Rank
OOO.AX Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
OOO.AX Sortino Ratio Rank: 3535
Sortino Ratio Rank
OOO.AX Omega Ratio Rank: 4747
Omega Ratio Rank
OOO.AX Calmar Ratio Rank: 3434
Calmar Ratio Rank
OOO.AX Martin Ratio Rank: 3131
Martin Ratio Rank
EX20.AX
EX20.AX Risk / Return Rank: 88
Overall Rank
EX20.AX Sharpe Ratio Rank: 88
Sharpe Ratio Rank
EX20.AX Sortino Ratio Rank: 88
Sortino Ratio Rank
EX20.AX Omega Ratio Rank: 88
Omega Ratio Rank
EX20.AX Calmar Ratio Rank: 88
Calmar Ratio Rank
EX20.AX Martin Ratio Rank: 88
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.

OOO.AX vs. EX20.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 Australian Ex-20 Portfolio Diversifier ETF (EX20.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.AXEX20.AXDifference
Sharpe ratioReturn per unit of total volatility
0.75
-0.13

+0.88

Sortino ratioReturn per unit of downside risk
1.59
-0.06

+1.65

Omega ratioGain probability vs. loss probability

1.25

0.99

+0.26

Calmar ratioReturn relative to maximum drawdown

1.44

-0.12

+1.56

Martin ratioReturn relative to average drawdown

3.62

-0.28

+3.90

OOO.AX vs. EX20.AX - Sharpe Ratio Comparison

The current OOO.AX Sharpe Ratio is 0.75, which is higher than the EX20.AX Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of OOO.AX and EX20.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

OOO.AX vs. EX20.AX - Drawdown Comparison

The maximum OOO.AX drawdown since its inception was -95.09%, which is greater than EX20.AX's maximum drawdown of -39.55%. Use the drawdown chart below to compare losses from any high point for OOO.AX and EX20.AX.

Loading charts...

Drawdown Indicators

OOO.AXEX20.AXDifference

Max Drawdown

Largest peak-to-trough decline

-95.09%

-39.55%

-55.54%

Max Drawdown (1Y)

Largest decline over 1 year

-33.79%

-16.84%

-16.95%

Max Drawdown (3Y)

Largest decline over 3 years

-33.79%

-16.84%

-16.95%

Max Drawdown (5Y)

Largest decline over 5 years

-51.22%

-18.65%

-32.57%

Max Drawdown (10Y)

Largest decline over 10 years

-86.96%

—

—

Current Drawdown

Current decline from peak

-74.02%

-10.81%

-63.21%

Average Drawdown

Average peak-to-trough decline

-64.58%

-5.38%

-59.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.72%

7.57%

+6.15%

Volatility

OOO.AX vs. EX20.AX - Volatility Comparison

Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.AX) has a higher volatility of 12.86% compared to Betashares Australian Ex-20 Portfolio Diversifier ETF (EX20.AX) at 4.15%. This indicates that OOO.AX's price experiences larger fluctuations and is considered to be riskier than EX20.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

OOO.AXEX20.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.86%

4.15%

+8.71%

Volatility (6M)

Calculated over the trailing 6-month period

61.15%

13.78%

+47.37%

Volatility (1Y)

Calculated over the trailing 1-year period

64.88%

16.49%

+48.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

45.17%

15.01%

+30.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.75%

15.89%

+28.86%

Dividends

OOO.AX vs. EX20.AX - Dividend Comparison

OOO.AX's dividend yield for the trailing twelve months is around 4.10%, more than EX20.AX's 1.63% yield.

PositionTTM20252024202320222021202020192018201720162015
EX20.AX
Betashares Australian Ex-20 Portfolio Diversifier ETF		1.63%3.52%1.46%1.71%1.44%1.80%2.68%4.51%3.89%1.20%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 EX20.AX have a correlation of -0.29, 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 EX20.AX is Australian Equities.

Portfolio Optimizer

Find the right allocation for OOO.AX and EX20.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