UMAX.AX vs. VDCO.AX
UMAX.AX (Betashares S&P 500 Yield Maximiser Complex ETF) and VDCO.AX (Vanguard Diversified Conservative Index ETF) are both Global Equities funds. UMAX.AX is actively managed, while VDCO.AX is passively managed. Over the past 5 years, UMAX.AX returned 9.74%/yr vs 2.59%/yr for VDCO.AX. At a 0.42 correlation, their price movements are largely independent.
Performance
UMAX.AX vs. VDCO.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 VDCO.AX's 2.01% 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%
VDCO.AX
- 1D
- 0.09%
- 1M
- 0.09%
- 6M
- 1.96%
- YTD
- 2.01%
- 1Y
- 5.49%
- 3Y*
- 6.60%
- 5Y*
- 2.59%
- 10Y*
- —
UMAX.AX vs. VDCO.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UMAX.AX Betashares S&P 500 Yield Maximiser Complex ETF | 0.67% | 4.00% | 31.81% | 15.37% | -9.29% | 29.75% | -6.67% | 22.95% | 2.49% | -0.59% |
VDCO.AX Vanguard Diversified Conservative Index ETF | 2.01% | 7.45% | 6.44% | 7.89% | -10.41% | 4.36% | 5.01% | 12.41% | 0.52% | 0.42% |
Correlation
The correlation between UMAX.AX and VDCO.AX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2017 | 0.42 |
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Return for Risk
UMAX.AX vs. VDCO.AX — Risk / Return Rank
UMAX.AX
VDCO.AX
UMAX.AX vs. VDCO.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 Vanguard Diversified Conservative Index ETF (VDCO.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 | VDCO.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.43 | -0.67 |
| Martin ratioReturn relative to average drawdown | 1.77 | 5.21 | -3.44 |
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Drawdowns
UMAX.AX vs. VDCO.AX - Drawdown Comparison
The maximum UMAX.AX drawdown since its inception was -24.10%, which is greater than VDCO.AX's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for UMAX.AX and VDCO.AX.
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Drawdown Indicators
| UMAX.AX | VDCO.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.10% | -13.68% | -10.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | -3.89% | -7.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -4.36% | -11.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.14% | -13.68% | -3.46% |
Max Drawdown (10Y)Largest decline over 10 years | -24.10% | — | — |
Current DrawdownCurrent decline from peak | -0.41% | -0.46% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -2.87% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 1.08% | +3.78% |
Volatility
UMAX.AX vs. VDCO.AX - Volatility Comparison
Betashares S&P 500 Yield Maximiser Complex ETF (UMAX.AX) has a higher volatility of 2.82% compared to Vanguard Diversified Conservative Index ETF (VDCO.AX) at 1.18%. This indicates that UMAX.AX's price experiences larger fluctuations and is considered to be riskier than VDCO.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 | VDCO.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 1.18% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 4.70% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.88% | 5.30% | +4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.92% | 5.45% | +7.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 5.61% | +7.80% |
Dividends
UMAX.AX vs. VDCO.AX - Dividend Comparison
UMAX.AX's dividend yield for the trailing twelve months is around 3.12%, less than VDCO.AX's 4.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VDCO.AX Vanguard Diversified Conservative Index ETF | 4.92% | 2.33% | 0.79% | 1.03% | 1.77% | 7.86% | 3.73% | 1.26% | 0.89% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UMAX.AX and VDCO.AX have a correlation of 0.38, 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 Vanguard.
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