RBTZ.AX vs. GEAR.AX

Last updated Jul 16, 2026

RBTZ.AX (BetaShares Global Robotics and Artificial Intelligence ETF) and GEAR.AX (Betashares Geared Australian Equities Complex ETF) are both Global Equities funds from BetaShares. RBTZ.AX is passively managed, while GEAR.AX is actively managed. Over the past 5 years, RBTZ.AX returned 2.80%/yr vs 8.25%/yr for GEAR.AX. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

RBTZ.AX vs. GEAR.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares Global Robotics and Artificial Intelligence ETF (RBTZ.AX) and Betashares Geared Australian Equities Complex ETF (GEAR.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RBTZ.AX achieves a -5.08% return, which is significantly lower than GEAR.AX's 1.29% return.

RBTZ.AX

• 1D: -0.34%
• 1M: -4.15%
• 6M: -9.48%
• YTD: -5.08%
• 1Y: 4.41%
• 3Y*: 6.26%
• 5Y*: 2.80%
• 10Y*: —

GEAR.AX

• 1D: 0.08%
• 1M: -2.32%
• 6M: 0.16%
• YTD: 1.29%
• 1Y: 3.78%
• 3Y*: 13.69%
• 5Y*: 8.25%
• 10Y*: 10.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RBTZ.AX vs. GEAR.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RBTZ.AX BetaShares Global Robotics and Artificial Intelligence ETF	-5.08%	5.25%	24.18%	37.27%	-38.23%	14.53%	38.97%	32.73%	-21.72%
GEAR.AX Betashares Geared Australian Equities Complex ETF	1.29%	15.80%	13.80%	15.84%	-9.50%	36.03%	-11.97%	52.03%	-21.17%

Correlation

The correlation between RBTZ.AX and GEAR.AX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018	0.54

The correlation between RBTZ.AX and GEAR.AX has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.

Return for Risk

RBTZ.AX vs. GEAR.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RBTZ.AX

RBTZ.AX Risk / Return Rank: 13
RBTZ.AX Sharpe Ratio Rank: 13
RBTZ.AX Sortino Ratio Rank: 13
RBTZ.AX Omega Ratio Rank: 12
RBTZ.AX Calmar Ratio Rank: 12
RBTZ.AX Martin Ratio Rank: 13

GEAR.AX

GEAR.AX Risk / Return Rank: 13
GEAR.AX Sharpe Ratio Rank: 13
GEAR.AX Sortino Ratio Rank: 13
GEAR.AX Omega Ratio Rank: 13
GEAR.AX Calmar Ratio Rank: 13
GEAR.AX Martin Ratio Rank: 13

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.

RBTZ.AX vs. GEAR.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares Global Robotics and Artificial Intelligence ETF (RBTZ.AX) and Betashares Geared Australian Equities Complex ETF (GEAR.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.

	RBTZ.AX	GEAR.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.21	0.21	0.00
Sortino ratio: Return per unit of downside risk	0.48	0.49	-0.01
Omega ratio: Gain probability vs. loss probability	1.06	1.06	0.00
Calmar ratio: Return relative to maximum drawdown	0.26	0.31	-0.05
Martin ratio: Return relative to average drawdown	0.65	0.66	-0.01

RBTZ.AX vs. GEAR.AX - Sharpe Ratio Comparison

The current RBTZ.AX Sharpe Ratio is 0.21, which is comparable to the GEAR.AX Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of RBTZ.AX and GEAR.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.

Drawdowns

RBTZ.AX vs. GEAR.AX - Drawdown Comparison

The maximum RBTZ.AX drawdown since its inception was -47.86%, smaller than the maximum GEAR.AX drawdown of -66.50%. Use the drawdown chart below to compare losses from any high point for RBTZ.AX and GEAR.AX.

Drawdown Indicators

	RBTZ.AX	GEAR.AX	Difference
Max Drawdown Largest peak-to-trough decline	-47.86%	-66.50%	+18.64%
Max Drawdown (1Y) Largest decline over 1 year	-19.55%	-17.82%	-1.73%
Max Drawdown (3Y) Largest decline over 3 years	-27.01%	-30.91%	+3.90%
Max Drawdown (5Y) Largest decline over 5 years	-47.86%	-32.27%	-15.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.50%	—
Current Drawdown Current decline from peak	-11.19%	-8.41%	-2.78%
Average Drawdown Average peak-to-trough decline	-14.03%	-12.21%	-1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.79%	8.40%	-0.61%

Volatility

RBTZ.AX vs. GEAR.AX - Volatility Comparison

BetaShares Global Robotics and Artificial Intelligence ETF (RBTZ.AX) has a higher volatility of 7.96% compared to Betashares Geared Australian Equities Complex ETF (GEAR.AX) at 5.08%. This indicates that RBTZ.AX's price experiences larger fluctuations and is considered to be riskier than GEAR.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RBTZ.AX	GEAR.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.96%	5.08%	+2.88%
Volatility (6M) Calculated over the trailing 6-month period	18.35%	21.27%	-2.92%
Volatility (1Y) Calculated over the trailing 1-year period	23.26%	25.91%	-2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.69%	29.72%	-7.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.35%	32.91%	-10.56%

Dividends

RBTZ.AX vs. GEAR.AX - Dividend Comparison

RBTZ.AX's dividend yield for the trailing twelve months is around 0.05%, less than GEAR.AX's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GEAR.AX Betashares Geared Australian Equities Complex ETF	0.57%	1.39%	0.26%	0.92%	8.66%	3.72%	5.62%	6.55%	2.90%	1.64%	1.57%	1.74%
RBTZ.AX BetaShares Global Robotics and Artificial Intelligence ETF	0.05%	1.87%	4.61%	0.05%	0.87%	3.02%	3.79%	0.51%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RBTZ.AX and GEAR.AX in my portfolio?

RBTZ.AX and GEAR.AX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.