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QOZ.AX vs. QPON.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QOZ.AX vs. QPON.AX

Last updated Jul 16, 2026
Documentation

QOZ.AX (BetaShares FTSE RAFI Australia 200 ETF) and QPON.AX (BetaShares Australian Bank Senior Floating Rate Bond ETF) are both exchange-traded funds - QOZ.AX is a Large Cap Value Equities fund tracking the FTSE RAFI Australia 200 Index, while QPON.AX is a Total Bond Market fund tracking the BetaShares Australian Bank Senior Floating Rate Bond Index. Both are passively managed. Over the past 5 years, QOZ.AX returned 8.47%/yr vs 3.50%/yr for QPON.AX. At a 0.02 correlation, their price movements are largely independent.

Performance

QOZ.AX vs. QPON.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares FTSE RAFI Australia 200 ETF (QOZ.AX) and BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON.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, QOZ.AX achieves a 5.36% return, which is significantly higher than QPON.AX's 2.30% return.

QOZ.AX

1D
-0.13%
1M
-0.89%
6M
4.91%
YTD
5.36%
1Y
14.79%
3Y*
11.72%
5Y*
8.47%
10Y*
8.91%

QPON.AX

1D
0.08%
1M
0.48%
6M
1.98%
YTD
2.30%
1Y
3.88%
3Y*
4.75%
5Y*
3.50%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QOZ.AX vs. QPON.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QOZ.AX
BetaShares FTSE RAFI Australia 200 ETF		5.36%14.57%8.09%8.49%3.17%17.17%-0.13%18.60%-5.96%9.13%
QPON.AX
BetaShares Australian Bank Senior Floating Rate Bond ETF		2.30%4.36%5.09%4.99%0.96%-0.19%2.49%3.70%1.61%2.31%

Correlation

The correlation between QOZ.AX and QPON.AX is 0.02, 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

0.02

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

0.04

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

0.05

Correlation (All Time)
Calculated using the full available price history since Jun 1, 2017

0.02

Compare stocks, funds, or ETFs

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BetaShares FTSE RAFI Australia 200 ETF

BetaShares Australian Bank Senior Floating Rate Bond ETF

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Return for Risk

QOZ.AX vs. QPON.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QOZ.AX
QOZ.AX Risk / Return Rank: 4242
Overall Rank
QOZ.AX Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
QOZ.AX Sortino Ratio Rank: 4343
Sortino Ratio Rank
QOZ.AX Omega Ratio Rank: 4242
Omega Ratio Rank
QOZ.AX Calmar Ratio Rank: 4343
Calmar Ratio Rank
QOZ.AX Martin Ratio Rank: 3636
Martin Ratio Rank
QPON.AX
QPON.AX Risk / Return Rank: 9696
Overall Rank
QPON.AX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
QPON.AX Sortino Ratio Rank: 9595
Sortino Ratio Rank
QPON.AX Omega Ratio Rank: 9797
Omega Ratio Rank
QPON.AX Calmar Ratio Rank: 9696
Calmar Ratio Rank
QPON.AX Martin Ratio Rank: 9494
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.

QOZ.AX vs. QPON.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares FTSE RAFI Australia 200 ETF (QOZ.AX) and BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON.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.

QOZ.AXQPON.AXDifference
Sharpe ratioReturn per unit of total volatility
1.32
3.16

-1.85

Sortino ratioReturn per unit of downside risk
1.85
4.40

-2.55

Omega ratioGain probability vs. loss probability

1.23

1.78

-0.55

Calmar ratioReturn relative to maximum drawdown

1.82

6.98

-5.16

Martin ratioReturn relative to average drawdown

4.58

21.45

-16.88

QOZ.AX vs. QPON.AX - Sharpe Ratio Comparison

The current QOZ.AX Sharpe Ratio is 1.32, which is lower than the QPON.AX Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of QOZ.AX and QPON.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

QOZ.AX vs. QPON.AX - Drawdown Comparison

The maximum QOZ.AX drawdown since its inception was -37.05%, which is greater than QPON.AX's maximum drawdown of -4.05%. Use the drawdown chart below to compare losses from any high point for QOZ.AX and QPON.AX.

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Drawdown Indicators

QOZ.AXQPON.AXDifference

Max Drawdown

Largest peak-to-trough decline

-37.05%

-4.05%

-33.00%

Max Drawdown (1Y)

Largest decline over 1 year

-8.60%

-0.53%

-8.07%

Max Drawdown (3Y)

Largest decline over 3 years

-13.67%

-0.96%

-12.71%

Max Drawdown (5Y)

Largest decline over 5 years

-14.87%

-1.92%

-12.95%

Max Drawdown (10Y)

Largest decline over 10 years

-37.05%

—

—

Current Drawdown

Current decline from peak

-3.17%

0.00%

-3.17%

Average Drawdown

Average peak-to-trough decline

-4.61%

-0.22%

-4.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.44%

0.18%

+3.26%

Volatility

QOZ.AX vs. QPON.AX - Volatility Comparison

BetaShares FTSE RAFI Australia 200 ETF (QOZ.AX) has a higher volatility of 2.43% compared to BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON.AX) at 0.22%. This indicates that QOZ.AX's price experiences larger fluctuations and is considered to be riskier than QPON.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QOZ.AXQPON.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.43%

0.22%

+2.21%

Volatility (6M)

Calculated over the trailing 6-month period

9.38%

0.81%

+8.57%

Volatility (1Y)

Calculated over the trailing 1-year period

11.91%

1.18%

+10.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.87%

1.33%

+11.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.67%

1.59%

+13.08%

Dividends

QOZ.AX vs. QPON.AX - Dividend Comparison

QOZ.AX's dividend yield for the trailing twelve months is around 2.26%, less than QPON.AX's 2.88% yield.

PositionTTM20252024202320222021202020192018201720162015
QOZ.AX
BetaShares FTSE RAFI Australia 200 ETF		2.26%2.07%2.42%2.75%4.97%3.96%3.30%6.45%4.28%1.82%3.62%6.33%
QPON.AX
BetaShares Australian Bank Senior Floating Rate Bond ETF		2.88%3.83%4.65%3.69%1.69%0.93%0.99%2.22%2.43%1.14%0.00%0.00%

Frequently Asked Questions

QOZ.AX and QPON.AX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QOZ.AX is categorized as Large Cap Value Equities, while QPON.AX is Total Bond Market. QOZ.AX tracks FTSE RAFI Australia 200 Index, while QPON.AX tracks BetaShares Australian Bank Senior Floating Rate Bond Index.

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