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

QRE.AX vs. DHHF.AX

Last updated Jul 16, 2026
Documentation

QRE.AX (BetaShares Australian Resources Sector ETF) and DHHF.AX (Betashares Diversified All Growth ETF) are both exchange-traded funds - QRE.AX is a Global Equities fund tracking the BetaShares Australian Resources Sector Index, while DHHF.AX is a Large Cap Growth Equities fund actively managed by BetaShares. QRE.AX is passively managed, while DHHF.AX is actively managed. Over the past 5 years, QRE.AX returned 7.98%/yr vs 10.21%/yr for DHHF.AX. At a 0.42 correlation, their price movements are largely independent.

Performance

QRE.AX vs. DHHF.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares Australian Resources Sector ETF (QRE.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, QRE.AX achieves a 9.17% return, which is significantly higher than DHHF.AX's 5.55% return.

QRE.AX

1D
-1.35%
1M
-10.36%
6M
5.00%
YTD
9.17%
1Y
38.79%
3Y*
8.81%
5Y*
7.98%
10Y*
12.85%

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)

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

2026 (YTD)2025202420232022202120202019
QRE.AX
BetaShares Australian Resources Sector ETF		9.17%33.81%-16.30%7.84%17.98%9.49%9.47%1.84%
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 QRE.AX and DHHF.AX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.41

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

0.39

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

0.43

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

0.42

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 Resources 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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QRE.AX
QRE.AX Risk / Return Rank: 5656
Overall Rank
QRE.AX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
QRE.AX Sortino Ratio Rank: 5353
Sortino Ratio Rank
QRE.AX Omega Ratio Rank: 5454
Omega Ratio Rank
QRE.AX Calmar Ratio Rank: 5757
Calmar Ratio Rank
QRE.AX Martin Ratio Rank: 5454
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.

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

This table presents a comparison of risk-adjusted performance metrics for BetaShares Australian Resources Sector ETF (QRE.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.

QRE.AXDHHF.AXDifference
Sharpe ratioReturn per unit of total volatility
1.63
1.31

+0.33

Sortino ratioReturn per unit of downside risk
2.14
1.84

+0.30

Omega ratioGain probability vs. loss probability

1.28

1.25

+0.03

Calmar ratioReturn relative to maximum drawdown

2.34

1.56

+0.78

Martin ratioReturn relative to average drawdown

7.45

5.40

+2.05

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

The current QRE.AX Sharpe Ratio is 1.63, which is comparable to the DHHF.AX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of QRE.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

QRE.AX vs. DHHF.AX - Drawdown Comparison

The maximum QRE.AX drawdown since its inception was -66.46%, 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 QRE.AX and DHHF.AX.

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Drawdown Indicators

QRE.AXDHHF.AXDifference

Max Drawdown

Largest peak-to-trough decline

-66.46%

-28.54%

-37.92%

Max Drawdown (1Y)

Largest decline over 1 year

-16.60%

-8.03%

-8.57%

Max Drawdown (3Y)

Largest decline over 3 years

-26.12%

-13.49%

-12.63%

Max Drawdown (5Y)

Largest decline over 5 years

-26.12%

-17.30%

-8.82%

Max Drawdown (10Y)

Largest decline over 10 years

-36.43%

—

—

Current Drawdown

Current decline from peak

-11.84%

-0.33%

-11.51%

Average Drawdown

Average peak-to-trough decline

-23.11%

-4.11%

-19.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.26%

2.32%

+2.94%

Volatility

QRE.AX vs. DHHF.AX - Volatility Comparison

BetaShares Australian Resources Sector ETF (QRE.AX) has a higher volatility of 6.96% compared to Betashares Diversified All Growth ETF (DHHF.AX) at 1.67%. This indicates that QRE.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

QRE.AXDHHF.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.96%

1.67%

+5.29%

Volatility (6M)

Calculated over the trailing 6-month period

20.02%

7.59%

+12.43%

Volatility (1Y)

Calculated over the trailing 1-year period

23.77%

9.60%

+14.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.53%

11.12%

+11.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.38%

13.10%

+9.28%

Dividends

QRE.AX vs. DHHF.AX - Dividend Comparison

QRE.AX's dividend yield for the trailing twelve months is around 1.26%, 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%
QRE.AX
BetaShares Australian Resources Sector ETF		1.26%2.47%1.89%2.56%10.86%3.38%1.96%6.63%0.95%1.01%0.84%3.07%

Frequently Asked Questions

QRE.AX and DHHF.AX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QRE.AX is categorized as Global Equities, while DHHF.AX is Large Cap Growth Equities.

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