UMAX.AX vs. CORE.AX
UMAX.AX (Betashares S&P 500 Yield Maximiser Complex ETF) and CORE.AX (Schroder Global Core Fund - Active ETF) are both Global Equities funds. Both are actively managed. Over the past year, UMAX.AX returned 9.16% vs 15.14% for CORE.AX. At a 0.46 correlation, their price movements are largely independent.
Performance
UMAX.AX vs. CORE.AX - Performance Comparison
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Returns By Period
In the year-to-date period, UMAX.AX achieves a 0.67% return, which is significantly lower than CORE.AX's 4.95% return.
UMAX.AX
- 1D
- 0.11%
- 1M
- 2.86%
- 6M
- 1.19%
- YTD
- 0.67%
- 1Y
- 9.16%
- 3Y*
- 12.47%
- 5Y*
- 9.74%
- 10Y*
- 9.79%
CORE.AX
- 1D
- -0.25%
- 1M
- 0.93%
- 6M
- 4.67%
- YTD
- 4.95%
- 1Y
- 15.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UMAX.AX vs. CORE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UMAX.AX Betashares S&P 500 Yield Maximiser Complex ETF | 0.67% | 11.57% |
CORE.AX Schroder Global Core Fund - Active ETF | 4.95% | 12.78% |
Correlation
The correlation between UMAX.AX and CORE.AX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.46 |
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Return for Risk
UMAX.AX vs. CORE.AX — Risk / Return Rank
UMAX.AX
CORE.AX
UMAX.AX vs. CORE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares S&P 500 Yield Maximiser Complex ETF (UMAX.AX) and Schroder Global Core Fund - Active ETF (CORE.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.
| UMAX.AX | CORE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.68 | -0.92 |
| Martin ratioReturn relative to average drawdown | 1.77 | 4.54 | -2.77 |
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Drawdowns
UMAX.AX vs. CORE.AX - Drawdown Comparison
The maximum UMAX.AX drawdown since its inception was -24.10%, which is greater than CORE.AX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for UMAX.AX and CORE.AX.
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Drawdown Indicators
| UMAX.AX | CORE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.10% | -10.20% | -13.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | -10.20% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.10% | — | — |
Current DrawdownCurrent decline from peak | -0.41% | -1.34% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -2.60% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | — | — |
Volatility
UMAX.AX vs. CORE.AX - Volatility Comparison
Betashares S&P 500 Yield Maximiser Complex ETF (UMAX.AX) has a higher volatility of 2.82% compared to Schroder Global Core Fund - Active ETF (CORE.AX) at 2.12%. This indicates that UMAX.AX's price experiences larger fluctuations and is considered to be riskier than CORE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMAX.AX | CORE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 2.12% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 7.39% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.88% | 12.44% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.92% | 12.50% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 12.50% | +0.91% |
Dividends
UMAX.AX vs. CORE.AX - Dividend Comparison
UMAX.AX's dividend yield for the trailing twelve months is around 3.12%, more than CORE.AX's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 0.68% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UMAX.AX Betashares S&P 500 Yield Maximiser Complex ETF | 3.12% | 5.33% | 2.19% | 4.02% | 5.79% | 5.05% | 7.02% | 5.43% | 4.06% | 3.16% | 4.12% | 4.55% |
Frequently Asked Questions
UMAX.AX and CORE.AX have a correlation of 0.49, 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: BetaShares and Schroder.
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