SYI.AX vs. HVST.AX

Last updated Jul 18, 2026

SYI.AX (SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF) and HVST.AX (Betashares Australian Dividend Harvester Active ETF) are both Dividend funds. SYI.AX is passively managed, while HVST.AX is actively managed. Over the past 10 years, SYI.AX returned 8.89%/yr vs 2.42%/yr for HVST.AX. A 0.77 correlation means they provide meaningful diversification when combined.

Performance

SYI.AX vs. HVST.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF (SYI.AX) and Betashares Australian Dividend Harvester Active ETF (HVST.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SYI.AX achieves a 9.40% return, which is significantly higher than HVST.AX's -1.27% return. Over the past 10 years, SYI.AX has outperformed HVST.AX with an annualized return of 8.89%, while HVST.AX has yielded a comparatively lower 2.42% annualized return.

SYI.AX

• 1D: 0.26%
• 1M: 1.83%
• 6M: 8.47%
• YTD: 9.40%
• 1Y: 13.67%
• 3Y*: 12.59%
• 5Y*: 9.45%
• 10Y*: 8.89%

HVST.AX

• 1D: -0.53%
• 1M: -1.34%
• 6M: -1.92%
• YTD: -1.27%
• 1Y: -0.57%
• 3Y*: 7.14%
• 5Y*: 4.38%
• 10Y*: 2.42%

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

SYI.AX vs. HVST.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SYI.AX SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF	9.40%	14.97%	8.11%	8.25%	4.60%	12.56%	1.52%	19.81%	-6.15%	6.58%
HVST.AX Betashares Australian Dividend Harvester Active ETF	-1.27%	6.89%	10.85%	8.84%	-3.51%	8.41%	-2.12%	13.98%	-6.21%	-10.08%

Correlation

The correlation between SYI.AX and HVST.AX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Oct 29, 2014	0.77

The correlation between SYI.AX and HVST.AX has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.

Return for Risk

SYI.AX vs. HVST.AX — Risk / Return Rank

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

SYI.AX

SYI.AX Risk / Return Rank: 45
SYI.AX Sharpe Ratio Rank: 44
SYI.AX Sortino Ratio Rank: 44
SYI.AX Omega Ratio Rank: 42
SYI.AX Calmar Ratio Rank: 53
SYI.AX Martin Ratio Rank: 40

HVST.AX

HVST.AX Risk / Return Rank: 10
HVST.AX Sharpe Ratio Rank: 10
HVST.AX Sortino Ratio Rank: 9
HVST.AX Omega Ratio Rank: 9
HVST.AX Calmar Ratio Rank: 10
HVST.AX Martin Ratio Rank: 10

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.

SYI.AX vs. HVST.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF (SYI.AX) and Betashares Australian Dividend Harvester Active ETF (HVST.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.

	SYI.AX	HVST.AX	Difference
Sharpe ratio: Return per unit of total volatility	1.20	-0.05	+1.24
Sortino ratio: Return per unit of downside risk	1.73	0.02	+1.71
Omega ratio: Gain probability vs. loss probability	1.21	1.00	+0.21
Calmar ratio: Return relative to maximum drawdown	2.03	-0.06	+2.09
Martin ratio: Return relative to average drawdown	4.89	-0.12	+5.02

SYI.AX vs. HVST.AX - Sharpe Ratio Comparison

The current SYI.AX Sharpe Ratio is 1.20, which is higher than the HVST.AX Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of SYI.AX and HVST.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

SYI.AX vs. HVST.AX - Drawdown Comparison

The maximum SYI.AX drawdown since its inception was -36.94%, which is greater than HVST.AX's maximum drawdown of -23.38%. Use the drawdown chart below to compare losses from any high point for SYI.AX and HVST.AX.

Drawdown Indicators

	SYI.AX	HVST.AX	Difference
Max Drawdown Largest peak-to-trough decline	-36.94%	-23.38%	-13.56%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-9.23%	+2.66%
Max Drawdown (3Y) Largest decline over 3 years	-11.03%	-13.07%	+2.04%
Max Drawdown (5Y) Largest decline over 5 years	-15.72%	-14.71%	-1.01%
Max Drawdown (10Y) Largest decline over 10 years	-36.94%	-18.92%	-18.02%
Current Drawdown Current decline from peak	-0.16%	-5.13%	+4.97%
Average Drawdown Average peak-to-trough decline	-4.98%	-9.57%	+4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	4.53%	-1.78%

Volatility

SYI.AX vs. HVST.AX - Volatility Comparison

The current volatility for SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF (SYI.AX) is 1.83%, while Betashares Australian Dividend Harvester Active ETF (HVST.AX) has a volatility of 2.50%. This indicates that SYI.AX experiences smaller price fluctuations and is considered to be less risky than HVST.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SYI.AX	HVST.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	2.50%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	8.27%	9.68%	-1.41%
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	12.07%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.98%	12.03%	+1.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	11.15%	+4.54%

Dividends

SYI.AX vs. HVST.AX - Dividend Comparison

SYI.AX's dividend yield for the trailing twelve months is around 7.50%, more than HVST.AX's 4.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HVST.AX Betashares Australian Dividend Harvester Active ETF	4.31%	5.26%	4.93%	6.13%	6.64%	6.19%	7.01%	10.96%	10.87%	10.37%	9.21%	8.07%
SYI.AX SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF	7.50%	12.66%	4.59%	4.98%	16.04%	5.05%	3.01%	6.48%	6.40%	4.92%	4.42%	6.59%

Frequently Asked Questions

Can I hold both SYI.AX and HVST.AX in my portfolio?

SYI.AX and HVST.AX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between SYI.AX and HVST.AX?

They also come from different issuers: SPDR and BetaShares.