UMAX.AX vs. F100.AX
UMAX.AX (Betashares S&P 500 Yield Maximiser Complex ETF) and F100.AX (Betashares FTSE 100 ETF) are both Global Equities funds from BetaShares. UMAX.AX is actively managed, while F100.AX is passively managed. Over the past 5 years, UMAX.AX returned 9.74%/yr vs 11.10%/yr for F100.AX. At a 0.39 correlation, their price movements are largely independent.
Performance
UMAX.AX vs. F100.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 F100.AX's 1.78% 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%
F100.AX
- 1D
- 0.40%
- 1M
- 1.45%
- 6M
- 0.85%
- YTD
- 1.78%
- 1Y
- 11.20%
- 3Y*
- 14.72%
- 5Y*
- 11.10%
- 10Y*
- —
UMAX.AX vs. F100.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UMAX.AX Betashares S&P 500 Yield Maximiser Complex ETF | 0.67% | 4.00% | 31.81% | 15.37% | -9.29% | 29.75% | -6.67% | 5.17% |
F100.AX Betashares FTSE 100 ETF | 1.78% | 25.77% | 14.12% | 11.00% | -1.20% | 21.76% | -16.05% | 7.82% |
Correlation
The correlation between UMAX.AX and F100.AX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2019 | 0.39 |
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Return for Risk
UMAX.AX vs. F100.AX — Risk / Return Rank
UMAX.AX
F100.AX
UMAX.AX vs. F100.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 Betashares FTSE 100 ETF (F100.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 | F100.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.33 | -0.57 |
| Martin ratioReturn relative to average drawdown | 1.77 | 4.00 | -2.24 |
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Drawdowns
UMAX.AX vs. F100.AX - Drawdown Comparison
The maximum UMAX.AX drawdown since its inception was -24.10%, smaller than the maximum F100.AX drawdown of -31.78%. Use the drawdown chart below to compare losses from any high point for UMAX.AX and F100.AX.
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Drawdown Indicators
| UMAX.AX | F100.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.10% | -31.78% | +7.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | -8.92% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -8.92% | -6.50% |
Max Drawdown (5Y)Largest decline over 5 years | -17.14% | -19.00% | +1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -24.10% | — | — |
Current DrawdownCurrent decline from peak | -0.41% | -1.44% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -5.91% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 3.00% | +1.86% |
Volatility
UMAX.AX vs. F100.AX - Volatility Comparison
The current volatility for Betashares S&P 500 Yield Maximiser Complex ETF (UMAX.AX) is 2.82%, while Betashares FTSE 100 ETF (F100.AX) has a volatility of 3.14%. This indicates that UMAX.AX experiences smaller price fluctuations and is considered to be less risky than F100.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 | F100.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 3.14% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 9.64% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.88% | 11.48% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.92% | 12.72% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 14.90% | -1.49% |
Dividends
UMAX.AX vs. F100.AX - Dividend Comparison
UMAX.AX's dividend yield for the trailing twelve months is around 3.12%, more than F100.AX's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
F100.AX Betashares FTSE 100 ETF | 2.25% | 3.09% | 1.91% | 1.57% | 1.62% | 2.13% | 2.40% | 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 F100.AX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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