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USD.AX vs. WRLD.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USD.AX vs. WRLD.AX

Last updated Jul 16, 2026
Documentation

USD.AX (BetaShares U.S. Dollar ETF) and WRLD.AX (Betashares Managed Risk Global Shares Complex ETF) are both Global Equities funds from BetaShares. USD.AX is passively managed, while WRLD.AX is actively managed. Over the past 10 years, USD.AX returned 2.72%/yr vs 10.04%/yr for WRLD.AX. At a 0.15 correlation, their price movements are largely independent.

Performance

USD.AX vs. WRLD.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 Managed Risk Global Shares Complex ETF (WRLD.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, USD.AX achieves a -2.48% return, which is significantly lower than WRLD.AX's 4.57% return. Over the past 10 years, USD.AX has underperformed WRLD.AX with an annualized return of 2.72%, while WRLD.AX has yielded a comparatively higher 10.04% 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%

WRLD.AX

1D
-0.04%
1M
2.32%
6M
3.52%
YTD
4.57%
1Y
13.29%
3Y*
16.18%
5Y*
10.33%
10Y*
10.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USD.AX vs. WRLD.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%
WRLD.AX
Betashares Managed Risk Global Shares Complex ETF		4.57%9.59%29.10%13.20%-10.32%23.66%-3.31%22.48%-0.50%10.96%

Correlation

The correlation between USD.AX and WRLD.AX is -0.06, 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

-0.06

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

0.04

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

0.03

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

0.14

Correlation (All Time)
Calculated using the full available price history since Dec 16, 2015

0.15

The correlation between USD.AX and WRLD.AX shifts across timeframes, from -0.06 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

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BetaShares U.S. Dollar ETF

Betashares Managed Risk Global Shares Complex ETF

Return for Risk

USD.AX vs. WRLD.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
WRLD.AX
WRLD.AX Risk / Return Rank: 4444
Overall Rank
WRLD.AX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
WRLD.AX Sortino Ratio Rank: 5151
Sortino Ratio Rank
WRLD.AX Omega Ratio Rank: 5050
Omega Ratio Rank
WRLD.AX Calmar Ratio Rank: 3333
Calmar Ratio Rank
WRLD.AX Martin Ratio Rank: 3333
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. WRLD.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 Managed Risk Global Shares Complex ETF (WRLD.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.AXWRLD.AXDifference
Sharpe ratioReturn per unit of total volatility
-0.36
1.46

-1.82

Sortino ratioReturn per unit of downside risk
-0.42
2.08

-2.50

Omega ratioGain probability vs. loss probability

0.95

1.26

-0.31

Calmar ratioReturn relative to maximum drawdown

-0.34

1.41

-1.75

Martin ratioReturn relative to average drawdown

-0.62

4.01

-4.64

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

The current USD.AX Sharpe Ratio is -0.36, which is lower than the WRLD.AX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of USD.AX and WRLD.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.

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Drawdowns

USD.AX vs. WRLD.AX - Drawdown Comparison

The maximum USD.AX drawdown since its inception was -30.05%, which is greater than WRLD.AX's maximum drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for USD.AX and WRLD.AX.

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Drawdown Indicators

USD.AXWRLD.AXDifference

Max Drawdown

Largest peak-to-trough decline

-30.05%

-16.14%

-13.91%

Max Drawdown (1Y)

Largest decline over 1 year

-9.84%

-9.22%

-0.62%

Max Drawdown (3Y)

Largest decline over 3 years

-14.54%

-13.70%

-0.84%

Max Drawdown (5Y)

Largest decline over 5 years

-14.54%

-14.47%

-0.07%

Max Drawdown (10Y)

Largest decline over 10 years

-30.05%

-16.14%

-13.91%

Current Drawdown

Current decline from peak

-10.73%

-0.50%

-10.23%

Average Drawdown

Average peak-to-trough decline

-9.62%

-4.19%

-5.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.49%

3.26%

+2.23%

Volatility

USD.AX vs. WRLD.AX - Volatility Comparison

BetaShares U.S. Dollar ETF (USD.AX) and Betashares Managed Risk Global Shares Complex ETF (WRLD.AX) have volatilities of 1.70% and 1.76%, 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.

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Volatility by Period

USD.AXWRLD.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.70%

1.76%

-0.06%

Volatility (6M)

Calculated over the trailing 6-month period

7.36%

6.83%

+0.53%

Volatility (1Y)

Calculated over the trailing 1-year period

9.46%

8.86%

+0.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.02%

11.35%

-0.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.56%

11.00%

-0.44%

Dividends

USD.AX vs. WRLD.AX - Dividend Comparison

Neither USD.AX nor WRLD.AX has paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
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%
WRLD.AX
Betashares Managed Risk Global Shares Complex ETF		0.00%0.00%0.00%0.17%4.66%0.00%0.00%1.66%0.90%0.00%0.51%

Frequently Asked Questions

USD.AX and WRLD.AX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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