SEMI.AX vs. USD.AX
SEMI.AX (Global X Semiconductor ETF) and USD.AX (BetaShares U.S. Dollar ETF) are both Global Equities funds - SEMI.AX tracks the Global X Semiconductor Index while USD.AX tracks the BetaShares U.S. Dollar Index. Both are passively managed. Over the past 3 years, SEMI.AX returned 51.37%/yr vs 3.53%/yr for USD.AX. At a correlation of -0.24, they often move in opposite directions.
Performance
SEMI.AX vs. USD.AX - Performance Comparison
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Returns By Period
In the year-to-date period, SEMI.AX achieves a 59.90% return, which is significantly higher than USD.AX's -2.28% return.
SEMI.AX
- 1D
- -7.68%
- 1M
- -15.15%
- 6M
- 42.26%
- YTD
- 59.90%
- 1Y
- 104.12%
- 3Y*
- 51.37%
- 5Y*
- —
- 10Y*
- —
USD.AX
- 1D
- 0.21%
- 1M
- 1.46%
- 6M
- -2.21%
- YTD
- -2.28%
- 1Y
- -3.95%
- 3Y*
- 3.53%
- 5Y*
- 4.51%
- 10Y*
- 2.65%
SEMI.AX vs. USD.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SEMI.AX Global X Semiconductor ETF | 59.90% | 43.80% | 35.17% | 69.12% | -30.92% | 15.60% |
USD.AX BetaShares U.S. Dollar ETF | -2.28% | -3.37% | 15.22% | 3.37% | 8.32% | 0.15% |
Correlation
The correlation between SEMI.AX and USD.AX is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | -0.24 |
The correlation between SEMI.AX and USD.AX shifts across timeframes, from -0.33 (1 year) to -0.20 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SEMI.AX vs. USD.AX — Risk / Return Rank
SEMI.AX
USD.AX
SEMI.AX vs. USD.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Semiconductor ETF (SEMI.AX) and BetaShares U.S. Dollar ETF (USD.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.
| SEMI.AX | USD.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.23 | ||
| Sortino ratioReturn per unit of downside risk | +3.72 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.94 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | -0.39 | +5.19 |
| Martin ratioReturn relative to average drawdown | 21.73 | -0.71 | +22.44 |
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Drawdowns
SEMI.AX vs. USD.AX - Drawdown Comparison
The maximum SEMI.AX drawdown since its inception was -38.85%, which is greater than USD.AX's maximum drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for SEMI.AX and USD.AX.
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Drawdown Indicators
| SEMI.AX | USD.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.85% | -30.05% | -8.80% |
Max Drawdown (1Y)Largest decline over 1 year | -20.90% | -9.84% | -11.06% |
Max Drawdown (3Y)Largest decline over 3 years | -32.53% | -14.54% | -17.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.05% | — |
Current DrawdownCurrent decline from peak | -20.90% | -10.55% | -10.35% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -9.62% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 5.50% | -0.83% |
Volatility
SEMI.AX vs. USD.AX - Volatility Comparison
Global X Semiconductor ETF (SEMI.AX) has a higher volatility of 16.59% compared to BetaShares U.S. Dollar ETF (USD.AX) at 1.68%. This indicates that SEMI.AX's price experiences larger fluctuations and is considered to be riskier than USD.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEMI.AX | USD.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.59% | 1.68% | +14.91% |
Volatility (6M)Calculated over the trailing 6-month period | 30.75% | 7.32% | +23.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.63% | 9.45% | +26.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.80% | 11.02% | +20.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.80% | 10.56% | +21.24% |
Dividends
SEMI.AX vs. USD.AX - Dividend Comparison
SEMI.AX's dividend yield for the trailing twelve months is around 8.25%, while USD.AX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SEMI.AX Global X Semiconductor ETF | 8.25% | 5.60% | 3.44% | 0.54% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD.AX BetaShares U.S. Dollar ETF | 0.00% | 2.53% | 3.89% | 3.39% | 0.00% | 0.00% | 1.19% | 2.37% | 0.76% | 0.17% | 0.08% |
Frequently Asked Questions
SEMI.AX and USD.AX have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SEMI.AX tracks Global X Semiconductor Index, while USD.AX tracks BetaShares U.S. Dollar Index. They also come from different issuers: Global X and BetaShares.
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