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QPON.AX vs. A200.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QPON.AX vs. A200.AX

Last updated Jul 16, 2026
Documentation

QPON.AX (BetaShares Australian Bank Senior Floating Rate Bond ETF) and A200.AX (Betashares Australia 200 ETF) are both exchange-traded funds - QPON.AX is a Total Bond Market fund tracking the BetaShares Australian Bank Senior Floating Rate Bond Index, while A200.AX is a fund fund tracking the Solactive Australia 200 Index. Both are passively managed. Over the past 5 years, QPON.AX returned 3.50%/yr vs 7.10%/yr for A200.AX. At a 0.02 correlation, their price movements are largely independent.

Performance

QPON.AX vs. A200.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON.AX) and Betashares Australia 200 ETF (A200.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, QPON.AX achieves a 2.30% return, which is significantly lower than A200.AX's 2.54% return.

QPON.AX

1D
0.08%
1M
0.48%
6M
1.98%
YTD
2.30%
1Y
3.88%
3Y*
4.75%
5Y*
3.50%
10Y*
—

A200.AX

1D
0.17%
1M
-0.63%
6M
2.18%
YTD
2.54%
1Y
5.19%
3Y*
9.64%
5Y*
7.10%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QPON.AX vs. A200.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
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%1.25%
A200.AX
Betashares Australia 200 ETF		2.54%10.31%9.74%10.96%-1.18%17.90%1.16%22.87%-3.83%

Correlation

The correlation between QPON.AX and A200.AX is 0.04, 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

0.04

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

0.03

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

0.05

Correlation (All Time)
Calculated using the full available price history since May 7, 2018

0.02

Compare stocks, funds, or ETFs

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BetaShares Australian Bank Senior Floating Rate Bond ETF

Betashares Australia 200 ETF

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Return for Risk

QPON.AX vs. A200.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
A200.AX
A200.AX Risk / Return Rank: 1818
Overall Rank
A200.AX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
A200.AX Sortino Ratio Rank: 1717
Sortino Ratio Rank
A200.AX Omega Ratio Rank: 1717
Omega Ratio Rank
A200.AX Calmar Ratio Rank: 2020
Calmar Ratio Rank
A200.AX Martin Ratio Rank: 1919
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.

QPON.AX vs. A200.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON.AX) and Betashares Australia 200 ETF (A200.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.

QPON.AXA200.AXDifference
Sharpe ratioReturn per unit of total volatility
3.16
0.49

+2.67

Sortino ratioReturn per unit of downside risk
4.40
0.79

+3.62

Omega ratioGain probability vs. loss probability

1.78

1.10

+0.69

Calmar ratioReturn relative to maximum drawdown

6.98

0.70

+6.27

Martin ratioReturn relative to average drawdown

21.45

1.65

+19.80

QPON.AX vs. A200.AX - Sharpe Ratio Comparison

The current QPON.AX Sharpe Ratio is 3.16, which is higher than the A200.AX Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of QPON.AX and A200.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

QPON.AX vs. A200.AX - Drawdown Comparison

The maximum QPON.AX drawdown since its inception was -4.05%, smaller than the maximum A200.AX drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for QPON.AX and A200.AX.

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Drawdown Indicators

QPON.AXA200.AXDifference

Max Drawdown

Largest peak-to-trough decline

-4.05%

-35.55%

+31.50%

Max Drawdown (1Y)

Largest decline over 1 year

-0.53%

-8.40%

+7.87%

Max Drawdown (3Y)

Largest decline over 3 years

-0.96%

-13.22%

+12.26%

Max Drawdown (5Y)

Largest decline over 5 years

-1.92%

-14.79%

+12.87%

Current Drawdown

Current decline from peak

0.00%

-2.62%

+2.62%

Average Drawdown

Average peak-to-trough decline

-0.22%

-4.25%

+4.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.18%

3.62%

-3.44%

Volatility

QPON.AX vs. A200.AX - Volatility Comparison

The current volatility for BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON.AX) is 0.22%, while Betashares Australia 200 ETF (A200.AX) has a volatility of 2.37%. This indicates that QPON.AX experiences smaller price fluctuations and is considered to be less risky than A200.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QPON.AXA200.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.22%

2.37%

-2.15%

Volatility (6M)

Calculated over the trailing 6-month period

0.81%

9.74%

-8.93%

Volatility (1Y)

Calculated over the trailing 1-year period

1.18%

11.99%

-10.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.33%

12.62%

-11.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.59%

15.17%

-13.58%

Dividends

QPON.AX vs. A200.AX - Dividend Comparison

QPON.AX's dividend yield for the trailing twelve months is around 2.88%, more than A200.AX's 2.51% yield.

PositionTTM202520242023202220212020201920182017
A200.AX
Betashares Australia 200 ETF		2.51%3.33%1.57%2.89%5.68%2.98%2.54%3.61%1.40%0.00%
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%

Frequently Asked Questions

QPON.AX and A200.AX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QPON.AX tracks BetaShares Australian Bank Senior Floating Rate Bond Index, while A200.AX tracks Solactive Australia 200 Index.

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