PLUS.AX vs. HBRD.AX
PLUS.AX (VanEck Australian Corporate Bond Plus ETF) and HBRD.AX (Betashares Australian Credit Income Active ETF) are both Corporate Bonds funds. PLUS.AX is passively managed, while HBRD.AX is actively managed. Over the past 5 years, PLUS.AX returned 1.01%/yr vs 3.90%/yr for HBRD.AX. At a 0.02 correlation, their price movements are largely independent.
Performance
PLUS.AX vs. HBRD.AX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PLUS.AX achieves a 1.15% return, which is significantly lower than HBRD.AX's 1.65% return.
PLUS.AX
- 1D
- 0.12%
- 1M
- 0.27%
- 6M
- 0.67%
- YTD
- 1.15%
- 1Y
- 1.90%
- 3Y*
- 5.38%
- 5Y*
- 1.01%
- 10Y*
- —
HBRD.AX
- 1D
- 0.00%
- 1M
- 0.60%
- 6M
- 1.59%
- YTD
- 1.65%
- 1Y
- 3.94%
- 3Y*
- 5.18%
- 5Y*
- 3.90%
- 10Y*
- —
PLUS.AX vs. HBRD.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLUS.AX VanEck Australian Corporate Bond Plus ETF | 1.15% | 5.01% | 5.49% | 7.67% | -10.32% | -2.09% | 5.51% | 8.91% | 2.97% | -0.17% |
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% |
Correlation
The correlation between PLUS.AX and HBRD.AX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
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.
Return for Risk
PLUS.AX vs. HBRD.AX — Risk / Return Rank
PLUS.AX
HBRD.AX
PLUS.AX vs. HBRD.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Australian Corporate Bond Plus ETF (PLUS.AX) and Betashares Australian Credit Income Active ETF (HBRD.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.
| PLUS.AX | HBRD.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.54 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 5.43 | -4.97 |
| Martin ratioReturn relative to average drawdown | 0.96 | 15.99 | -15.03 |
Loading charts...
Drawdowns
PLUS.AX vs. HBRD.AX - Drawdown Comparison
The maximum PLUS.AX drawdown since its inception was -16.54%, which is greater than HBRD.AX's maximum drawdown of -15.60%. Use the drawdown chart below to compare losses from any high point for PLUS.AX and HBRD.AX.
Loading charts...
Drawdown Indicators
| PLUS.AX | HBRD.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.54% | -15.60% | -0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -0.69% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -3.81% | -1.02% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -4.65% | -11.89% |
Current DrawdownCurrent decline from peak | -0.83% | 0.00% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -0.51% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 0.24% | +1.58% |
Volatility
PLUS.AX vs. HBRD.AX - Volatility Comparison
VanEck Australian Corporate Bond Plus ETF (PLUS.AX) has a higher volatility of 0.76% compared to Betashares Australian Credit Income Active ETF (HBRD.AX) at 0.33%. This indicates that PLUS.AX's price experiences larger fluctuations and is considered to be riskier than HBRD.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PLUS.AX | HBRD.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.33% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 1.21% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 1.68% | +1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 2.29% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.90% | 4.34% | +2.56% |
Dividends
PLUS.AX vs. HBRD.AX - Dividend Comparison
PLUS.AX's dividend yield for the trailing twelve months is around 3.68%, less than HBRD.AX's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PLUS.AX VanEck Australian Corporate Bond Plus ETF | 3.68% | 4.15% | 3.44% | 2.99% | 3.06% | 2.20% | 2.42% | 3.41% | 2.57% | 0.94% |
Frequently Asked Questions
PLUS.AX and HBRD.AX have a correlation of 0.11, 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: VanEck and BetaShares.
Find the right allocation for PLUS.AX and HBRD.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