PortfoliosLab logoPortfoliosLab logo

Documentation

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

USD.AX vs. IFRA.AX

Last updated Jul 16, 2026
Documentation

USD.AX (BetaShares U.S. Dollar ETF) and IFRA.AX (VanEck FTSE Global Infrastructure (AUD Hedged) ETF) are both Global Equities funds - USD.AX tracks the BetaShares U.S. Dollar Index while IFRA.AX tracks the VanEck FTSE Global Infrastructure (AUD Hedged) Index. Both are passively managed. Over the past 10 years, USD.AX returned 2.72%/yr vs 6.41%/yr for IFRA.AX. At a correlation of -0.26, they often move in opposite directions.

Performance

USD.AX vs. IFRA.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 VanEck FTSE Global Infrastructure (AUD Hedged) ETF (IFRA.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 IFRA.AX's 10.62% return. Over the past 10 years, USD.AX has underperformed IFRA.AX with an annualized return of 2.72%, while IFRA.AX has yielded a comparatively higher 6.41% annualized 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%

IFRA.AX

1D
-0.66%
1M
-0.16%
6M
11.95%
YTD
10.62%
1Y
16.33%
3Y*
11.07%
5Y*
6.59%
10Y*
6.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
USD.AX
BetaShares U.S. Dollar ETF		-2.48%-3.37%15.22%3.37%8.32%5.76%-8.86%2.76%11.63%-7.20%
IFRA.AX
VanEck FTSE Global Infrastructure (AUD Hedged) ETF		10.62%11.93%10.70%-1.66%-4.04%16.80%-8.44%23.88%-3.41%13.75%

Correlation

The correlation between USD.AX and IFRA.AX is -0.03, 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

-0.03

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

-0.16

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

-0.27

Correlation (10Y)
Calculated over the trailing 10-year period

-0.26

Correlation (All Time)
Calculated using the full available price history since Apr 29, 2016

-0.26

Over the past year, the inverse relationship between USD.AX and IFRA.AX has weakened: their correlation has moved from -0.26 to -0.03, meaning they move in opposite directions less often than they have historically.

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

VanEck FTSE Global Infrastructure (AUD Hedged) ETF

Return for Risk

USD.AX vs. IFRA.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
IFRA.AX
IFRA.AX Risk / Return Rank: 5858
Overall Rank
IFRA.AX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
IFRA.AX Sortino Ratio Rank: 5555
Sortino Ratio Rank
IFRA.AX Omega Ratio Rank: 5252
Omega Ratio Rank
IFRA.AX Calmar Ratio Rank: 7373
Calmar Ratio Rank
IFRA.AX Martin Ratio Rank: 5555
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. IFRA.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares U.S. Dollar ETF (USD.AX) and VanEck FTSE Global Infrastructure (AUD Hedged) ETF (IFRA.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.AXIFRA.AXDifference
Sharpe ratioReturn per unit of total volatility
-0.36
1.52

-1.87

Sortino ratioReturn per unit of downside risk
-0.42
2.19

-2.61

Omega ratioGain probability vs. loss probability

0.95

1.27

-0.32

Calmar ratioReturn relative to maximum drawdown

-0.34

2.99

-3.33

Martin ratioReturn relative to average drawdown

-0.62

7.68

-8.30

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

The current USD.AX Sharpe Ratio is -0.36, which is lower than the IFRA.AX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of USD.AX and IFRA.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. IFRA.AX - Drawdown Comparison

The maximum USD.AX drawdown since its inception was -30.05%, smaller than the maximum IFRA.AX drawdown of -36.36%. Use the drawdown chart below to compare losses from any high point for USD.AX and IFRA.AX.

Loading charts...

Drawdown Indicators

USD.AXIFRA.AXDifference

Max Drawdown

Largest peak-to-trough decline

-30.05%

-36.36%

+6.31%

Max Drawdown (1Y)

Largest decline over 1 year

-9.84%

-5.54%

-4.30%

Max Drawdown (3Y)

Largest decline over 3 years

-14.54%

-12.79%

-1.75%

Max Drawdown (5Y)

Largest decline over 5 years

-14.54%

-21.19%

+6.65%

Max Drawdown (10Y)

Largest decline over 10 years

-30.05%

-36.36%

+6.31%

Current Drawdown

Current decline from peak

-10.73%

-1.65%

-9.08%

Average Drawdown

Average peak-to-trough decline

-9.62%

-6.01%

-3.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.49%

2.20%

+3.29%

Volatility

USD.AX vs. IFRA.AX - Volatility Comparison

The current volatility for BetaShares U.S. Dollar ETF (USD.AX) is 1.70%, while VanEck FTSE Global Infrastructure (AUD Hedged) ETF (IFRA.AX) has a volatility of 3.82%. This indicates that USD.AX experiences smaller price fluctuations and is considered to be less risky than IFRA.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

USD.AXIFRA.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.70%

3.82%

-2.12%

Volatility (6M)

Calculated over the trailing 6-month period

7.36%

9.13%

-1.77%

Volatility (1Y)

Calculated over the trailing 1-year period

9.46%

10.95%

-1.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.02%

14.30%

-3.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.56%

15.06%

-4.50%

Dividends

USD.AX vs. IFRA.AX - Dividend Comparison

USD.AX has not paid dividends to shareholders, while IFRA.AX's dividend yield for the trailing twelve months is around 2.23%.

PositionTTM2025202420232022202120202019201820172016
IFRA.AX
VanEck FTSE Global Infrastructure (AUD Hedged) ETF		2.23%3.15%1.61%2.51%2.31%2.93%3.58%3.29%2.91%2.11%1.60%
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 IFRA.AX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

USD.AX tracks BetaShares U.S. Dollar Index, while IFRA.AX tracks VanEck FTSE Global Infrastructure (AUD Hedged) Index. They also come from different issuers: BetaShares and VanEck.

Portfolio Optimizer

Find the right allocation for USD.AX and IFRA.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