QPON.AX vs. XARO.AX
QPON.AX (BetaShares Australian Bank Senior Floating Rate Bond ETF) and XARO.AX (Ardea Real Outcome Bond Complex ETF) are both Total Bond Market funds. QPON.AX is passively managed, while XARO.AX is actively managed. Over the past 5 years, QPON.AX returned 3.50%/yr vs 2.03%/yr for XARO.AX. At a correlation of -0.00, they often move in opposite directions.
Performance
QPON.AX vs. XARO.AX - Performance Comparison
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Returns By Period
In the year-to-date period, QPON.AX achieves a 2.30% return, which is significantly higher than XARO.AX's 1.43% 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*
- —
XARO.AX
- 1D
- 0.12%
- 1M
- 0.96%
- 6M
- 1.47%
- YTD
- 1.43%
- 1Y
- 4.40%
- 3Y*
- 2.59%
- 5Y*
- 2.03%
- 10Y*
- —
QPON.AX vs. XARO.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
XARO.AX Ardea Real Outcome Bond Complex ETF | 1.43% | 6.78% | 0.49% | 2.17% | 0.46% | -0.60% | 5.21% | 8.56% | 0.20% |
Correlation
The correlation between QPON.AX and XARO.AX is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2018 | -0.00 |
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Return for Risk
QPON.AX vs. XARO.AX — Risk / Return Rank
QPON.AX
XARO.AX
QPON.AX vs. XARO.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 Ardea Real Outcome Bond Complex ETF (XARO.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.AX | XARO.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.23 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 6.98 | 1.94 | +5.03 |
| Martin ratioReturn relative to average drawdown | 21.45 | 6.74 | +14.72 |
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Drawdowns
QPON.AX vs. XARO.AX - Drawdown Comparison
The maximum QPON.AX drawdown since its inception was -4.05%, smaller than the maximum XARO.AX drawdown of -7.44%. Use the drawdown chart below to compare losses from any high point for QPON.AX and XARO.AX.
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Drawdown Indicators
| QPON.AX | XARO.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.05% | -7.44% | +3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.53% | -2.26% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -0.96% | -3.42% | +2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -1.92% | -6.98% | +5.06% |
Current DrawdownCurrent decline from peak | 0.00% | -0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -1.58% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 0.66% | -0.48% |
Volatility
QPON.AX vs. XARO.AX - Volatility Comparison
The current volatility for BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON.AX) is 0.22%, while Ardea Real Outcome Bond Complex ETF (XARO.AX) has a volatility of 0.99%. This indicates that QPON.AX experiences smaller price fluctuations and is considered to be less risky than XARO.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.AX | XARO.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 0.99% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 0.81% | 2.69% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.18% | 3.43% | -2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.33% | 6.04% | -4.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.59% | 6.45% | -4.86% |
Dividends
QPON.AX vs. XARO.AX - Dividend Comparison
QPON.AX's dividend yield for the trailing twelve months is around 2.88%, more than XARO.AX's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XARO.AX Ardea Real Outcome Bond Complex ETF | 1.09% | 1.57% | 2.46% | 0.77% | 7.38% | 4.26% | 4.20% | 2.46% | 0.00% | 0.00% |
Frequently Asked Questions
QPON.AX and XARO.AX have a correlation of 0.03, 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 ETF Issuer.
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