PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
RCB.AX vs. HBRD.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RCB.AX vs. HBRD.AX

Last updated Jul 16, 2026
Documentation

RCB.AX (Russell Investments Australian Select Corporate Bond ETF) and HBRD.AX (Betashares Australian Credit Income Active ETF) are both Corporate Bonds funds. RCB.AX is passively managed, while HBRD.AX is actively managed. Over the past 5 years, RCB.AX returned 1.99%/yr vs 3.90%/yr for HBRD.AX. At a correlation of -0.02, they often move in opposite directions.

Performance

RCB.AX vs. HBRD.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Russell Investments Australian Select Corporate Bond ETF (RCB.AX) and Betashares Australian Credit Income Active ETF (HBRD.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both stocks are quite close, with RCB.AX having a 1.68% return and HBRD.AX slightly lower at 1.65%.

RCB.AX

1D
0.05%
1M
0.56%
6M
1.48%
YTD
1.68%
1Y
1.93%
3Y*
4.54%
5Y*
1.99%
10Y*
2.84%

HBRD.AX

1D
0.00%
1M
0.60%
6M
1.59%
YTD
1.65%
1Y
3.94%
3Y*
5.18%
5Y*
3.90%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

RCB.AX vs. HBRD.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RCB.AX
Russell Investments Australian Select Corporate Bond ETF		1.68%4.03%4.73%5.33%-4.29%-1.83%5.58%6.27%2.87%0.07%
HBRD.AX
Betashares Australian Credit Income Active ETF		1.65%4.39%6.15%3.70%1.71%4.14%2.74%5.71%2.20%1.40%

Correlation

The correlation between RCB.AX and HBRD.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

0.02

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

0.03

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2017

-0.02

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Russell Investments Australian Select Corporate Bond ETF

Betashares Australian Credit Income Active ETF

Return for Risk

RCB.AX vs. HBRD.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RCB.AX
RCB.AX Risk / Return Rank: 1919
Overall Rank
RCB.AX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
RCB.AX Sortino Ratio Rank: 1818
Sortino Ratio Rank
RCB.AX Omega Ratio Rank: 1818
Omega Ratio Rank
RCB.AX Calmar Ratio Rank: 1919
Calmar Ratio Rank
RCB.AX Martin Ratio Rank: 1919
Martin Ratio Rank
HBRD.AX
HBRD.AX Risk / Return Rank: 9090
Overall Rank
HBRD.AX Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
HBRD.AX Sortino Ratio Rank: 8888
Sortino Ratio Rank
HBRD.AX Omega Ratio Rank: 9494
Omega Ratio Rank
HBRD.AX Calmar Ratio Rank: 9494
Calmar Ratio Rank
HBRD.AX Martin Ratio Rank: 8989
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.

RCB.AX vs. HBRD.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investments Australian Select Corporate Bond ETF (RCB.AX) and Betashares Australian Credit Income Active ETF (HBRD.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.

RCB.AXHBRD.AXDifference
Sharpe ratioReturn per unit of total volatility
0.53
2.24

-1.71

Sortino ratioReturn per unit of downside risk
0.81
3.27

-2.46

Omega ratioGain probability vs. loss probability

1.10

1.54

-0.44

Calmar ratioReturn relative to maximum drawdown

0.67

5.43

-4.76

Martin ratioReturn relative to average drawdown

1.65

15.99

-14.34

RCB.AX vs. HBRD.AX - Sharpe Ratio Comparison

The current RCB.AX Sharpe Ratio is 0.53, which is lower than the HBRD.AX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of RCB.AX and HBRD.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.

Loading charts...

Drawdowns

RCB.AX vs. HBRD.AX - Drawdown Comparison

The maximum RCB.AX drawdown since its inception was -11.09%, smaller than the maximum HBRD.AX drawdown of -15.60%. Use the drawdown chart below to compare losses from any high point for RCB.AX and HBRD.AX.

Loading charts...

Drawdown Indicators

RCB.AXHBRD.AXDifference

Max Drawdown

Largest peak-to-trough decline

-11.09%

-15.60%

+4.51%

Max Drawdown (1Y)

Largest decline over 1 year

-2.86%

-0.69%

-2.17%

Max Drawdown (3Y)

Largest decline over 3 years

-2.86%

-1.02%

-1.84%

Max Drawdown (5Y)

Largest decline over 5 years

-8.30%

-4.65%

-3.65%

Max Drawdown (10Y)

Largest decline over 10 years

-11.09%

—

—

Current Drawdown

Current decline from peak

-0.05%

0.00%

-0.05%

Average Drawdown

Average peak-to-trough decline

-1.39%

-0.51%

-0.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.18%

0.24%

+0.94%

Volatility

RCB.AX vs. HBRD.AX - Volatility Comparison

Russell Investments Australian Select Corporate Bond ETF (RCB.AX) has a higher volatility of 0.59% compared to Betashares Australian Credit Income Active ETF (HBRD.AX) at 0.33%. This indicates that RCB.AX's price experiences larger fluctuations and is considered to be riskier than HBRD.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

RCB.AXHBRD.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.59%

0.33%

+0.26%

Volatility (6M)

Calculated over the trailing 6-month period

2.67%

1.21%

+1.46%

Volatility (1Y)

Calculated over the trailing 1-year period

3.61%

1.68%

+1.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.68%

2.29%

+1.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.41%

4.34%

+1.07%

Dividends

RCB.AX vs. HBRD.AX - Dividend Comparison

RCB.AX's dividend yield for the trailing twelve months is around 4.43%, more than HBRD.AX's 4.07% yield.

PositionTTM20252024202320222021202020192018201720162015
HBRD.AX
Betashares Australian Credit Income Active ETF		4.07%4.98%4.85%4.78%2.83%2.48%2.85%3.45%3.56%0.00%0.00%0.00%
RCB.AX
Russell Investments Australian Select Corporate Bond ETF		4.43%4.68%3.76%1.86%0.40%1.30%4.18%3.80%2.94%4.22%3.44%3.57%

Frequently Asked Questions

RCB.AX and HBRD.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.

They also come from different issuers: Russell and BetaShares.

Portfolio Optimizer

Find the right allocation for RCB.AX and HBRD.AX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer