VUL.AX vs. CBAPJ.AX

Last updated Jun 5, 2026

VUL.AX (Vulcan Energy Resources Limited) and CBAPJ.AX (Commonwealth Bank of Australia) are both stocks. VUL.AX operates in Other Industrial Metals & Mining (Basic Materials), while CBAPJ.AX operates in Banks - Diversified (Financial Services). Over the past 5 years, VUL.AX returned -15.48%/yr vs 3.80%/yr for CBAPJ.AX. At a 0.01 correlation, their price movements are largely independent.

Performance

VUL.AX vs. CBAPJ.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vulcan Energy Resources Limited (VUL.AX) and Commonwealth Bank of Australia (CBAPJ.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VUL.AX achieves a -20.41% return, which is significantly lower than CBAPJ.AX's 0.01% return.

VUL.AX

• 1D: -8.59%
• 1M: -4.10%
• YTD: -20.41%
• 6M: -14.39%
• 1Y: -9.54%
• 3Y*: -2.35%
• 5Y*: -15.48%
• 10Y*: —

CBAPJ.AX

• 1D: -1.36%
• 1M: -0.97%
• YTD: 0.01%
• 6M: 0.21%
• 1Y: 2.10%
• 3Y*: 4.74%
• 5Y*: 3.80%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VUL.AX vs. CBAPJ.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VUL.AX Vulcan Energy Resources Limited	-20.41%	-17.57%	87.72%	-54.98%	-39.13%	76.27%
CBAPJ.AX Commonwealth Bank of Australia	0.01%	3.34%	5.82%	3.71%	2.60%	3.99%

Correlation

The correlation between VUL.AX and CBAPJ.AX is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (All Time) Calculated using the full available price history since Apr 8, 2021	0.01

Return for Risk

VUL.AX vs. CBAPJ.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VUL.AX

VUL.AX Risk / Return Rank: 37
VUL.AX Sharpe Ratio Rank: 36
VUL.AX Sortino Ratio Rank: 38
VUL.AX Omega Ratio Rank: 37
VUL.AX Calmar Ratio Rank: 36
VUL.AX Martin Ratio Rank: 37

CBAPJ.AX

CBAPJ.AX Risk / Return Rank: 63
CBAPJ.AX Sharpe Ratio Rank: 63
CBAPJ.AX Sortino Ratio Rank: 52
CBAPJ.AX Omega Ratio Rank: 54
CBAPJ.AX Calmar Ratio Rank: 68
CBAPJ.AX Martin Ratio Rank: 78

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.

VUL.AX vs. CBAPJ.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vulcan Energy Resources Limited (VUL.AX) and Commonwealth Bank of Australia (CBAPJ.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.

	VUL.AX	CBAPJ.AX	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	0.66	-0.80
Sortino ratio: Return per unit of downside risk	0.32	0.90	-0.59
Omega ratio: Gain probability vs. loss probability	1.04	1.13	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.15	1.45	-1.60
Martin ratio: Return relative to average drawdown	-0.26	5.99	-6.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VUL.AX vs. CBAPJ.AX - Sharpe Ratio Comparison

The current VUL.AX Sharpe Ratio is -0.13, which is lower than the CBAPJ.AX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of VUL.AX and CBAPJ.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.

Sharpe Ratios by Period

	VUL.AX	CBAPJ.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	0.66	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.22	0.86	-1.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.87	-0.41

Drawdowns

VUL.AX vs. CBAPJ.AX - Drawdown Comparison

The maximum VUL.AX drawdown since its inception was -87.55%, which is greater than CBAPJ.AX's maximum drawdown of -5.45%. Use the drawdown chart below to compare losses from any high point for VUL.AX and CBAPJ.AX.

Drawdown Indicators

	VUL.AX	CBAPJ.AX	Difference
Max Drawdown Largest peak-to-trough decline	-87.55%	-5.45%	-82.10%
Max Drawdown (1Y) Largest decline over 1 year	-61.57%	-1.44%	-60.13%
Max Drawdown (3Y) Largest decline over 3 years	-64.50%	-2.56%	-61.94%
Max Drawdown (5Y) Largest decline over 5 years	-87.55%	-5.45%	-82.10%
Current Drawdown Current decline from peak	-77.92%	-1.44%	-76.48%
Average Drawdown Average peak-to-trough decline	-49.31%	-0.73%	-48.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.36%	0.34%	+36.02%

Volatility

VUL.AX vs. CBAPJ.AX - Volatility Comparison

Vulcan Energy Resources Limited (VUL.AX) has a higher volatility of 16.92% compared to Commonwealth Bank of Australia (CBAPJ.AX) at 1.54%. This indicates that VUL.AX's price experiences larger fluctuations and is considered to be riskier than CBAPJ.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUL.AX	CBAPJ.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.92%	1.54%	+15.38%
Volatility (6M) Calculated over the trailing 6-month period	46.96%	2.15%	+44.81%
Volatility (1Y) Calculated over the trailing 1-year period	71.76%	3.16%	+68.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.56%	4.40%	+66.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.20%	4.34%	+76.86%

Dividends

VUL.AX vs. CBAPJ.AX - Dividend Comparison

VUL.AX has not paid dividends to shareholders, while CBAPJ.AX's dividend yield for the trailing twelve months is around 4.57%.

Position	TTM	2025	2024	2023	2022	2021
CBAPJ.AX Commonwealth Bank of Australia	4.57%	4.65%	4.88%	4.51%	2.67%	1.34%
VUL.AX Vulcan Energy Resources Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both VUL.AX and CBAPJ.AX in my portfolio?

VUL.AX and CBAPJ.AX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.