YMAX.AX vs. GLIN.AX
YMAX.AX (Betashares Australian Top 20 Equities Yield Maximiser Complex ETF) and GLIN.AX (iShares Core FTSE Global Infrastructure (AUD Hedged) ETF) are both Global Equities funds. YMAX.AX is actively managed, while GLIN.AX is passively managed. Over the past 3 years, YMAX.AX returned 5.63%/yr vs 12.07%/yr for GLIN.AX. At a 0.33 correlation, their price movements are largely independent.
Performance
YMAX.AX vs. GLIN.AX - Performance Comparison
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Returns By Period
In the year-to-date period, YMAX.AX achieves a 1.47% return, which is significantly lower than GLIN.AX's 12.44% return.
YMAX.AX
- 1D
- -0.27%
- 1M
- 0.48%
- 6M
- 3.11%
- YTD
- 1.47%
- 1Y
- 1.05%
- 3Y*
- 5.63%
- 5Y*
- 4.53%
- 10Y*
- 5.15%
GLIN.AX
- 1D
- -0.77%
- 1M
- 0.78%
- 6M
- 12.69%
- YTD
- 12.44%
- 1Y
- 17.78%
- 3Y*
- 12.07%
- 5Y*
- —
- 10Y*
- —
YMAX.AX vs. GLIN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
YMAX.AX Betashares Australian Top 20 Equities Yield Maximiser Complex ETF | 1.47% | 2.55% | 5.33% | 9.38% |
GLIN.AX iShares Core FTSE Global Infrastructure (AUD Hedged) ETF | 12.44% | 12.04% | 12.01% | 0.06% |
Correlation
The correlation between YMAX.AX and GLIN.AX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.33 |
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Return for Risk
YMAX.AX vs. GLIN.AX — Risk / Return Rank
YMAX.AX
GLIN.AX
YMAX.AX vs. GLIN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Australian Top 20 Equities Yield Maximiser Complex ETF (YMAX.AX) and iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.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.
| YMAX.AX | GLIN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.30 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 3.19 | -2.96 |
| Martin ratioReturn relative to average drawdown | 0.44 | 9.92 | -9.48 |
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Drawdowns
YMAX.AX vs. GLIN.AX - Drawdown Comparison
The maximum YMAX.AX drawdown since its inception was -31.97%, which is greater than GLIN.AX's maximum drawdown of -12.66%. Use the drawdown chart below to compare losses from any high point for YMAX.AX and GLIN.AX.
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Drawdown Indicators
| YMAX.AX | GLIN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.97% | -12.66% | -19.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -5.76% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -11.90% | -12.66% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -12.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.97% | — | — |
Current DrawdownCurrent decline from peak | -2.55% | -1.16% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -2.24% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 1.87% | +1.68% |
Volatility
YMAX.AX vs. GLIN.AX - Volatility Comparison
The current volatility for Betashares Australian Top 20 Equities Yield Maximiser Complex ETF (YMAX.AX) is 2.69%, while iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN.AX) has a volatility of 3.15%. This indicates that YMAX.AX experiences smaller price fluctuations and is considered to be less risky than GLIN.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YMAX.AX | GLIN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 3.15% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 8.80% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 10.72% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.41% | 12.33% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 12.33% | +1.36% |
Dividends
YMAX.AX vs. GLIN.AX - Dividend Comparison
YMAX.AX's dividend yield for the trailing twelve months is around 4.53%, less than GLIN.AX's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIN.AX iShares Core FTSE Global Infrastructure (AUD Hedged) ETF | 5.93% | 2.94% | 2.60% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YMAX.AX Betashares Australian Top 20 Equities Yield Maximiser Complex ETF | 4.53% | 8.05% | 3.52% | 6.15% | 7.34% | 8.58% | 8.18% | 9.01% | 7.13% | 6.46% | 7.18% | 6.73% |
Frequently Asked Questions
YMAX.AX and GLIN.AX have a correlation of 0.33, 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: BetaShares and iShares.
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