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QFN.AX vs. DHHF.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QFN.AX vs. DHHF.AX

Last updated Jul 16, 2026
Documentation

QFN.AX (BetaShares Australian Financials Sector ETF) and DHHF.AX (Betashares Diversified All Growth ETF) are both exchange-traded funds - QFN.AX is a Financials Equities fund tracking the BetaShares Australian Financials Sector Index, while DHHF.AX is a Large Cap Growth Equities fund actively managed by BetaShares. QFN.AX is passively managed, while DHHF.AX is actively managed. Over the past 5 years, QFN.AX returned 10.84%/yr vs 10.21%/yr for DHHF.AX. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

QFN.AX vs. DHHF.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares Australian Financials Sector ETF (QFN.AX) and Betashares Diversified All Growth ETF (DHHF.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QFN.AX achieves a 4.42% return, which is significantly lower than DHHF.AX's 5.55% return.

QFN.AX

1D
0.71%
1M
5.14%
6M
7.65%
YTD
4.42%
1Y
4.07%
3Y*
18.04%
5Y*
10.84%
10Y*
7.82%

DHHF.AX

1D
0.05%
1M
0.37%
6M
3.82%
YTD
5.55%
1Y
11.87%
3Y*
14.86%
5Y*
10.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QFN.AX vs. DHHF.AX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
QFN.AX
BetaShares Australian Financials Sector ETF		4.42%11.25%29.80%7.77%-1.60%24.12%-6.04%-2.52%
DHHF.AX
Betashares Diversified All Growth ETF		5.55%11.88%21.74%17.00%-8.93%23.07%3.80%0.84%

Correlation

The correlation between QFN.AX and DHHF.AX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.56

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

0.58

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

0.60

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2019

0.57

The correlation between QFN.AX and DHHF.AX has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

BetaShares Australian Financials Sector ETF

Betashares Diversified All Growth ETF

Often compared with DHHF.AX:
DHHF.AX vs. VDHG.AXDHHF.AX vs. A200.AXDHHF.AX vs. NDQ.AXDHHF.AX vs. BGBDHHF.AX vs. XMEDHHF.AX vs. XARDHHF.AX vs. SCHD

Return for Risk

QFN.AX vs. DHHF.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QFN.AX
QFN.AX Risk / Return Rank: 1414
Overall Rank
QFN.AX Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
QFN.AX Sortino Ratio Rank: 1313
Sortino Ratio Rank
QFN.AX Omega Ratio Rank: 1313
Omega Ratio Rank
QFN.AX Calmar Ratio Rank: 1616
Calmar Ratio Rank
QFN.AX Martin Ratio Rank: 1515
Martin Ratio Rank
DHHF.AX
DHHF.AX Risk / Return Rank: 4343
Overall Rank
DHHF.AX Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
DHHF.AX Sortino Ratio Rank: 4343
Sortino Ratio Rank
DHHF.AX Omega Ratio Rank: 4747
Omega Ratio Rank
DHHF.AX Calmar Ratio Rank: 3737
Calmar Ratio Rank
DHHF.AX Martin Ratio Rank: 4141
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.

QFN.AX vs. DHHF.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares Australian Financials Sector ETF (QFN.AX) and Betashares Diversified All Growth ETF (DHHF.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.

QFN.AXDHHF.AXDifference
Sharpe ratioReturn per unit of total volatility
0.30
1.31

-1.00

Sortino ratioReturn per unit of downside risk
0.53
1.84

-1.31

Omega ratioGain probability vs. loss probability

1.06

1.25

-0.18

Calmar ratioReturn relative to maximum drawdown

0.49

1.56

-1.06

Martin ratioReturn relative to average drawdown

0.96

5.40

-4.44

QFN.AX vs. DHHF.AX - Sharpe Ratio Comparison

The current QFN.AX Sharpe Ratio is 0.30, which is lower than the DHHF.AX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of QFN.AX and DHHF.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.

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Drawdowns

QFN.AX vs. DHHF.AX - Drawdown Comparison

The maximum QFN.AX drawdown since its inception was -42.54%, which is greater than DHHF.AX's maximum drawdown of -28.54%. Use the drawdown chart below to compare losses from any high point for QFN.AX and DHHF.AX.

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Drawdown Indicators

QFN.AXDHHF.AXDifference

Max Drawdown

Largest peak-to-trough decline

-42.54%

-28.54%

-14.00%

Max Drawdown (1Y)

Largest decline over 1 year

-10.57%

-8.03%

-2.54%

Max Drawdown (3Y)

Largest decline over 3 years

-14.64%

-13.49%

-1.15%

Max Drawdown (5Y)

Largest decline over 5 years

-19.75%

-17.30%

-2.45%

Max Drawdown (10Y)

Largest decline over 10 years

-42.54%

—

—

Current Drawdown

Current decline from peak

-3.10%

-0.33%

-2.77%

Average Drawdown

Average peak-to-trough decline

-8.21%

-4.11%

-4.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.43%

2.32%

+3.11%

Volatility

QFN.AX vs. DHHF.AX - Volatility Comparison

BetaShares Australian Financials Sector ETF (QFN.AX) has a higher volatility of 3.69% compared to Betashares Diversified All Growth ETF (DHHF.AX) at 1.67%. This indicates that QFN.AX's price experiences larger fluctuations and is considered to be riskier than DHHF.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QFN.AXDHHF.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.69%

1.67%

+2.02%

Volatility (6M)

Calculated over the trailing 6-month period

13.11%

7.59%

+5.52%

Volatility (1Y)

Calculated over the trailing 1-year period

17.26%

9.60%

+7.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.50%

11.12%

+5.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.30%

13.10%

+5.20%

Dividends

QFN.AX vs. DHHF.AX - Dividend Comparison

QFN.AX's dividend yield for the trailing twelve months is around 0.58%, less than DHHF.AX's 1.99% yield.

PositionTTM20252024202320222021202020192018201720162015
DHHF.AX
Betashares Diversified All Growth ETF		1.99%2.13%1.99%2.38%4.24%1.28%1.25%0.00%0.00%0.00%0.00%0.00%
QFN.AX
BetaShares Australian Financials Sector ETF		0.58%2.82%0.91%0.74%1.01%1.65%5.21%3.48%1.49%1.09%0.96%1.04%

Frequently Asked Questions

QFN.AX and DHHF.AX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QFN.AX is categorized as Financials Equities, while DHHF.AX is Large Cap Growth Equities.

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