OOO.AX vs. SEMI.AX
OOO.AX (Betashares Crude Oil Index Currency Hedged Complex ETF) and SEMI.AX (Global X Semiconductor ETF) are both Global Equities funds. OOO.AX is actively managed, while SEMI.AX is passively managed. Over the past 3 years, OOO.AX returned 19.00%/yr vs 56.20%/yr for SEMI.AX. At a 0.00 correlation, their price movements are largely independent.
Performance
OOO.AX vs. SEMI.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 lower than SEMI.AX's 73.20% 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%
SEMI.AX
- 1D
- -5.18%
- 1M
- -8.58%
- 6M
- 56.90%
- YTD
- 73.20%
- 1Y
- 121.94%
- 3Y*
- 56.20%
- 5Y*
- —
- 10Y*
- —
OOO.AX vs. SEMI.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OOO.AX Betashares Crude Oil Index Currency Hedged Complex ETF | 63.70% | -7.58% | 10.33% | -4.20% | -1.77% | 14.31% |
SEMI.AX Global X Semiconductor ETF | 73.20% | 43.80% | 35.17% | 69.12% | -30.92% | 15.60% |
Correlation
The correlation between OOO.AX and SEMI.AX is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | 0.00 |
The correlation between OOO.AX and SEMI.AX shifts across timeframes, from -0.23 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OOO.AX vs. SEMI.AX — Risk / Return Rank
OOO.AX
SEMI.AX
OOO.AX vs. SEMI.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 Global X Semiconductor ETF (SEMI.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 | SEMI.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.50 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 8.01 | -6.57 |
| Martin ratioReturn relative to average drawdown | 3.62 | 25.91 | -22.29 |
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Drawdowns
OOO.AX vs. SEMI.AX - Drawdown Comparison
The maximum OOO.AX drawdown since its inception was -95.09%, which is greater than SEMI.AX's maximum drawdown of -38.85%. Use the drawdown chart below to compare losses from any high point for OOO.AX and SEMI.AX.
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Drawdown Indicators
| OOO.AX | SEMI.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.09% | -38.85% | -56.24% |
Max Drawdown (1Y)Largest decline over 1 year | -33.79% | -14.32% | -19.47% |
Max Drawdown (3Y)Largest decline over 3 years | -33.79% | -32.53% | -1.26% |
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% | -14.32% | -59.70% |
Average DrawdownAverage peak-to-trough decline | -64.58% | -10.86% | -53.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.72% | 4.48% | +9.24% |
Volatility
OOO.AX vs. SEMI.AX - Volatility Comparison
The current volatility for Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.AX) is 12.86%, while Global X Semiconductor ETF (SEMI.AX) has a volatility of 15.14%. This indicates that OOO.AX experiences smaller price fluctuations and is considered to be less risky than SEMI.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 | SEMI.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.86% | 15.14% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 61.15% | 29.63% | +31.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.88% | 34.76% | +30.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.17% | 31.62% | +13.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.75% | 31.62% | +13.13% |
Dividends
OOO.AX vs. SEMI.AX - Dividend Comparison
OOO.AX's dividend yield for the trailing twelve months is around 4.10%, less than SEMI.AX's 7.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SEMI.AX Global X Semiconductor ETF | 7.62% | 5.60% | 3.44% | 0.54% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OOO.AX and SEMI.AX have a correlation of -0.23, 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 Global X.
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