USD.AX vs. ARMR.AX
USD.AX (BetaShares U.S. Dollar ETF) and ARMR.AX (Betashares Global Defence ETF) are both exchange-traded funds - USD.AX is a Global Equities fund tracking the BetaShares U.S. Dollar Index, while ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index. Both are passively managed. Over the past year, USD.AX returned -3.06% vs -3.36% for ARMR.AX. At a correlation of -0.02, they often move in opposite directions.
Performance
USD.AX vs. ARMR.AX - Performance Comparison
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Returns By Period
In the year-to-date period, USD.AX achieves a -2.48% return, which is significantly higher than ARMR.AX's -6.62% return.
USD.AX
- 1D
- -0.07%
- 1M
- 1.54%
- 6M
- -2.68%
- YTD
- -2.48%
- 1Y
- -3.06%
- 3Y*
- 3.39%
- 5Y*
- 4.46%
- 10Y*
- 2.72%
ARMR.AX
- 1D
- 0.45%
- 1M
- -3.73%
- 6M
- -19.26%
- YTD
- -6.62%
- 1Y
- -3.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD.AX vs. ARMR.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USD.AX BetaShares U.S. Dollar ETF | -2.48% | -3.37% | 11.17% |
ARMR.AX Betashares Global Defence ETF | -6.62% | 47.73% | 12.11% |
Correlation
The correlation between USD.AX and ARMR.AX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2024 | -0.02 |
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Return for Risk
USD.AX vs. ARMR.AX — Risk / Return Rank
USD.AX
ARMR.AX
USD.AX vs. ARMR.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaShares U.S. Dollar ETF (USD.AX) and Betashares Global Defence ETF (ARMR.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.
| USD.AX | ARMR.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.01 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | -0.09 | -0.26 |
| Martin ratioReturn relative to average drawdown | -0.62 | -0.18 | -0.44 |
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Drawdowns
USD.AX vs. ARMR.AX - Drawdown Comparison
The maximum USD.AX drawdown since its inception was -30.05%, which is greater than ARMR.AX's maximum drawdown of -22.93%. Use the drawdown chart below to compare losses from any high point for USD.AX and ARMR.AX.
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Drawdown Indicators
| USD.AX | ARMR.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.05% | -22.93% | -7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -22.93% | +13.09% |
Max Drawdown (3Y)Largest decline over 3 years | -14.54% | — | — |
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 | -10.73% | -20.43% | +9.70% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -5.62% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 10.96% | -5.47% |
Volatility
USD.AX vs. ARMR.AX - Volatility Comparison
The current volatility for BetaShares U.S. Dollar ETF (USD.AX) is 1.70%, while Betashares Global Defence ETF (ARMR.AX) has a volatility of 8.91%. This indicates that USD.AX experiences smaller price fluctuations and is considered to be less risky than ARMR.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USD.AX | ARMR.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 8.91% | -7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.36% | 19.25% | -11.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.46% | 23.85% | -14.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 23.54% | -12.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.56% | 23.54% | -12.98% |
Dividends
USD.AX vs. ARMR.AX - Dividend Comparison
USD.AX has not paid dividends to shareholders, while ARMR.AX's dividend yield for the trailing twelve months is around 2.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | 2.08% | 2.18% | 0.00% | 0.00% | 0.00% | 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
USD.AX and ARMR.AX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD.AX is categorized as Global Equities, while ARMR.AX is Aerospace & Defense. USD.AX tracks BetaShares U.S. Dollar Index, while ARMR.AX tracks VettaFi Global Defence Leaders Index.
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