VDCO.AX vs. UMAX.AX
VDCO.AX (Vanguard Diversified Conservative Index ETF) and UMAX.AX (Betashares S&P 500 Yield Maximiser Complex ETF) are both Global Equities funds. VDCO.AX is passively managed, while UMAX.AX is actively managed. Over the past 5 years, VDCO.AX returned 2.51%/yr vs 9.47%/yr for UMAX.AX. At a 0.42 correlation, their price movements are largely independent.
Performance
VDCO.AX vs. UMAX.AX - Performance Comparison
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Returns By Period
In the year-to-date period, VDCO.AX achieves a 1.62% return, which is significantly higher than UMAX.AX's -0.54% return.
VDCO.AX
- 1D
- -0.38%
- 1M
- -0.47%
- 6M
- 1.26%
- YTD
- 1.62%
- 1Y
- 5.05%
- 3Y*
- 6.43%
- 5Y*
- 2.51%
- 10Y*
- —
UMAX.AX
- 1D
- -1.20%
- 1M
- 0.97%
- 6M
- -0.36%
- YTD
- -0.54%
- 1Y
- 6.66%
- 3Y*
- 11.88%
- 5Y*
- 9.47%
- 10Y*
- 9.53%
VDCO.AX vs. UMAX.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDCO.AX Vanguard Diversified Conservative Index ETF | 1.62% | 7.45% | 6.44% | 7.89% | -10.41% | 4.36% | 5.01% | 12.41% | 0.52% | 0.42% |
UMAX.AX Betashares S&P 500 Yield Maximiser Complex ETF | -0.54% | 4.00% | 31.81% | 15.37% | -9.29% | 29.75% | -6.67% | 22.95% | 2.49% | -0.59% |
Correlation
The correlation between VDCO.AX and UMAX.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
VDCO.AX vs. UMAX.AX — Risk / Return Rank
VDCO.AX
UMAX.AX
VDCO.AX vs. UMAX.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Diversified Conservative Index ETF (VDCO.AX) and Betashares S&P 500 Yield Maximiser Complex ETF (UMAX.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.
| VDCO.AX | UMAX.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 | 1.19 | 1.12 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.58 | +0.68 |
| Martin ratioReturn relative to average drawdown | 4.59 | 1.35 | +3.24 |
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Drawdowns
VDCO.AX vs. UMAX.AX - Drawdown Comparison
The maximum VDCO.AX drawdown since its inception was -13.68%, smaller than the maximum UMAX.AX drawdown of -24.10%. Use the drawdown chart below to compare losses from any high point for VDCO.AX and UMAX.AX.
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Drawdown Indicators
| VDCO.AX | UMAX.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.68% | -24.10% | +10.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.89% | -11.14% | +7.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.36% | -15.42% | +11.06% |
Max Drawdown (5Y)Largest decline over 5 years | -13.68% | -17.14% | +3.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.10% | — |
Current DrawdownCurrent decline from peak | -0.84% | -1.61% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -5.15% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 4.86% | -3.78% |
Volatility
VDCO.AX vs. UMAX.AX - Volatility Comparison
The current volatility for Vanguard Diversified Conservative Index ETF (VDCO.AX) is 1.24%, while Betashares S&P 500 Yield Maximiser Complex ETF (UMAX.AX) has a volatility of 3.05%. This indicates that VDCO.AX experiences smaller price fluctuations and is considered to be less risky than UMAX.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDCO.AX | UMAX.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 3.05% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.70% | 7.92% | -3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 9.94% | -4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 12.93% | -7.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 13.42% | -7.81% |
Dividends
VDCO.AX vs. UMAX.AX - Dividend Comparison
VDCO.AX's dividend yield for the trailing twelve months is around 4.94%, more than UMAX.AX's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UMAX.AX Betashares S&P 500 Yield Maximiser Complex ETF | 3.16% | 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 | 4.94% | 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
VDCO.AX and UMAX.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: Vanguard and BetaShares.
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