PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
USD.AX vs. DHHF.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USD.AX vs. DHHF.AX

Last updated Jul 16, 2026
Documentation

USD.AX (BetaShares U.S. Dollar ETF) and DHHF.AX (Betashares Diversified All Growth ETF) are both exchange-traded funds - USD.AX is a Global Equities fund tracking the BetaShares U.S. Dollar Index, while DHHF.AX is a Large Cap Growth Equities fund actively managed by BetaShares. USD.AX is passively managed, while DHHF.AX is actively managed. Over the past 5 years, USD.AX returned 4.46%/yr vs 10.21%/yr for DHHF.AX. At a correlation of -0.15, they often move in opposite directions.

Performance

USD.AX vs. DHHF.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares U.S. Dollar ETF (USD.AX) and Betashares Diversified All Growth ETF (DHHF.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, USD.AX achieves a -2.48% return, which is significantly lower than DHHF.AX's 5.55% 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%

DHHF.AX

1D
0.05%
1M
0.37%
6M
3.82%
YTD
5.55%
1Y
11.87%
3Y*
14.86%
5Y*
10.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

USD.AX vs. DHHF.AX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
USD.AX
BetaShares U.S. Dollar ETF		-2.48%-3.37%15.22%3.37%8.32%5.76%-8.86%-3.21%
DHHF.AX
Betashares Diversified All Growth ETF		5.55%11.88%21.74%17.00%-8.93%23.07%3.80%0.84%

Correlation

The correlation between USD.AX and DHHF.AX is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.22

Correlation (3Y)
Calculated over the trailing 3-year period

-0.12

Correlation (5Y)
Calculated over the trailing 5-year period

-0.16

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2019

-0.15

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BetaShares U.S. Dollar ETF

Betashares Diversified All Growth ETF

Often compared with DHHF.AX:
DHHF.AX vs. VDHG.AXDHHF.AX vs. A200.AXDHHF.AX vs. NDQ.AXDHHF.AX vs. BGBDHHF.AX vs. XMEDHHF.AX vs. XARDHHF.AX vs. SCHD

Return for Risk

USD.AX vs. DHHF.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USD.AX
USD.AX Risk / Return Rank: 66
Overall Rank
USD.AX Sharpe Ratio Rank: 66
Sharpe Ratio Rank
USD.AX Sortino Ratio Rank: 66
Sortino Ratio Rank
USD.AX Omega Ratio Rank: 66
Omega Ratio Rank
USD.AX Calmar Ratio Rank: 66
Calmar Ratio Rank
USD.AX Martin Ratio Rank: 66
Martin Ratio Rank
DHHF.AX
DHHF.AX Risk / Return Rank: 4343
Overall Rank
DHHF.AX Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
DHHF.AX Sortino Ratio Rank: 4343
Sortino Ratio Rank
DHHF.AX Omega Ratio Rank: 4747
Omega Ratio Rank
DHHF.AX Calmar Ratio Rank: 3737
Calmar Ratio Rank
DHHF.AX Martin Ratio Rank: 4141
Martin Ratio Rank
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.

USD.AX vs. DHHF.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 Diversified All Growth ETF (DHHF.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.AXDHHF.AXDifference
Sharpe ratioReturn per unit of total volatility
-0.36
1.31

-1.66

Sortino ratioReturn per unit of downside risk
-0.42
1.84

-2.26

Omega ratioGain probability vs. loss probability

0.95

1.25

-0.30

Calmar ratioReturn relative to maximum drawdown

-0.34

1.56

-1.90

Martin ratioReturn relative to average drawdown

-0.62

5.40

-6.02

USD.AX vs. DHHF.AX - Sharpe Ratio Comparison

The current USD.AX Sharpe Ratio is -0.36, which is lower than the DHHF.AX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of USD.AX and DHHF.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.

Loading charts...

Drawdowns

USD.AX vs. DHHF.AX - Drawdown Comparison

The maximum USD.AX drawdown since its inception was -30.05%, which is greater than DHHF.AX's maximum drawdown of -28.54%. Use the drawdown chart below to compare losses from any high point for USD.AX and DHHF.AX.

Loading charts...

Drawdown Indicators

USD.AXDHHF.AXDifference

Max Drawdown

Largest peak-to-trough decline

-30.05%

-28.54%

-1.51%

Max Drawdown (1Y)

Largest decline over 1 year

-9.84%

-8.03%

-1.81%

Max Drawdown (3Y)

Largest decline over 3 years

-14.54%

-13.49%

-1.05%

Max Drawdown (5Y)

Largest decline over 5 years

-14.54%

-17.30%

+2.76%

Max Drawdown (10Y)

Largest decline over 10 years

-30.05%

—

—

Current Drawdown

Current decline from peak

-10.73%

-0.33%

-10.40%

Average Drawdown

Average peak-to-trough decline

-9.62%

-4.11%

-5.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.49%

2.32%

+3.17%

Volatility

USD.AX vs. DHHF.AX - Volatility Comparison

BetaShares U.S. Dollar ETF (USD.AX) and Betashares Diversified All Growth ETF (DHHF.AX) have volatilities of 1.70% and 1.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

USD.AXDHHF.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.70%

1.67%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

7.36%

7.59%

-0.23%

Volatility (1Y)

Calculated over the trailing 1-year period

9.46%

9.60%

-0.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.02%

11.12%

-0.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.56%

13.10%

-2.54%

Dividends

USD.AX vs. DHHF.AX - Dividend Comparison

USD.AX has not paid dividends to shareholders, while DHHF.AX's dividend yield for the trailing twelve months is around 1.99%.

PositionTTM2025202420232022202120202019201820172016
DHHF.AX
Betashares Diversified All Growth ETF		1.99%2.13%1.99%2.38%4.24%1.28%1.25%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 DHHF.AX have a correlation of -0.22, 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 DHHF.AX is Large Cap Growth Equities.

Portfolio Optimizer

Find the right allocation for USD.AX and DHHF.AX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer