YMAX.AX vs. RBTZ.AX

Last updated Aug 1, 2026

YMAX.AX (Betashares Australian Top 20 Equities Yield Maximiser Complex ETF) and RBTZ.AX (BetaShares Global Robotics and Artificial Intelligence ETF) are both exchange-traded funds - YMAX.AX is a Australia Equities fund actively managed by BetaShares, while RBTZ.AX is a Artificial Intelligence fund tracking the Indxx Global Robotics & Artificial Intelligence Thematic Index. YMAX.AX is actively managed, while RBTZ.AX is passively managed. Over the past 5 years, YMAX.AX returned 4.64%/yr vs 2.39%/yr for RBTZ.AX. Their 0.41 correlation means their historical movements had little consistent relationship. YMAX.AX charges 0.64%/yr vs 0.57%/yr for RBTZ.AX.

Performance

YMAX.AX vs. RBTZ.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Australian Top 20 Equities Yield Maximiser Complex ETF (YMAX.AX) and BetaShares Global Robotics and Artificial Intelligence ETF (RBTZ.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YMAX.AX achieves a 3.64% return, which is significantly higher than RBTZ.AX's -5.92% return.

YMAX.AX

• 1D: 0.26%
• 1M: 2.97%
• 6M: 4.06%
• YTD: 3.64%
• 1Y: 2.68%
• 3Y*: 5.82%
• 5Y*: 4.64%
• 10Y*: 5.28%
• ALL TIME*: 4.71%

RBTZ.AX

• 1D: 5.00%
• 1M: -7.12%
• 6M: -4.81%
• YTD: -5.92%
• 1Y: -1.51%
• 3Y*: 5.68%
• 5Y*: 2.39%
• 10Y*: —
• ALL TIME*: 7.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RBTZ.AX BetaShares Global Robotics and Artificial Intelligence ETF	A$702.83K	A$802.78K	A$810.34K
YMAX.AX Betashares Australian Top 20 Equities Yield Maximiser Complex ETF	A$784.54K	A$811.76K	A$1.07M

YMAX.AX vs. RBTZ.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
YMAX.AX Betashares Australian Top 20 Equities Yield Maximiser Complex ETF	3.64%	2.55%	5.33%	10.63%	1.82%	15.02%	-2.73%	14.44%	-6.13%
RBTZ.AX BetaShares Global Robotics and Artificial Intelligence ETF	-5.92%	5.25%	24.18%	37.27%	-38.23%	14.53%	38.97%	32.73%	-21.72%

Correlation

The correlation between YMAX.AX and RBTZ.AX is 0.34, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.34
Correlation (3Y) Balances recent behavior with more history.	0.38
Correlation (5Y) Shows whether the relationship held over a longer period.	0.41
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018	0.41

Return for Risk

YMAX.AX vs. RBTZ.AX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

YMAX.AX

YMAX.AX Risk / Return Rank: 14
YMAX.AX Sharpe Ratio Rank: 14
YMAX.AX Sortino Ratio Rank: 13
YMAX.AX Omega Ratio Rank: 13
YMAX.AX Calmar Ratio Rank: 16
YMAX.AX Martin Ratio Rank: 15

RBTZ.AX

RBTZ.AX Risk / Return Rank: 9
RBTZ.AX Sharpe Ratio Rank: 9
RBTZ.AX Sortino Ratio Rank: 9
RBTZ.AX Omega Ratio Rank: 9
RBTZ.AX Calmar Ratio Rank: 9
RBTZ.AX Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

YMAX.AX vs. RBTZ.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 BetaShares Global Robotics and Artificial Intelligence ETF (RBTZ.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	RBTZ.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.17	-0.12	+0.28
Sortino ratio: Return per unit of downside risk	0.31	0.00	+0.30
Omega ratio: Gain probability vs. loss probability	1.04	1.00	+0.04
Calmar ratio: Return relative to maximum drawdown	0.27	-0.14	+0.42
Martin ratio: Return relative to average drawdown	0.53	-0.34	+0.86

YMAX.AX vs. RBTZ.AX - Sharpe Ratio Comparison

The current YMAX.AX Sharpe Ratio is 0.17, which is higher than the RBTZ.AX Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of YMAX.AX and RBTZ.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.

Drawdowns

YMAX.AX vs. RBTZ.AX - Drawdown Comparison

The maximum YMAX.AX drawdown since its inception was -31.97%, smaller than the maximum RBTZ.AX drawdown of -47.86%. Use the drawdown chart below to compare losses from any high point for YMAX.AX and RBTZ.AX.

Drawdown Indicators

	YMAX.AX	RBTZ.AX	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-47.86%	+15.89%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-19.55%	+12.75%
Max Drawdown (3Y) Largest decline over 3 years	-11.90%	-27.01%	+15.11%
Max Drawdown (5Y) Largest decline over 5 years	-12.73%	-47.86%	+35.13%
Max Drawdown (10Y) Largest decline over 10 years	-31.97%	—	—
Current Drawdown Current decline from peak	-0.46%	-11.98%	+11.52%
Average Drawdown Average peak-to-trough decline	-5.19%	-14.04%	+8.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	8.42%	-4.85%

Volatility

YMAX.AX vs. RBTZ.AX - Volatility Comparison

The current volatility for Betashares Australian Top 20 Equities Yield Maximiser Complex ETF (YMAX.AX) is 2.30%, while BetaShares Global Robotics and Artificial Intelligence ETF (RBTZ.AX) has a volatility of 10.02%. This indicates that YMAX.AX experiences smaller price fluctuations and is considered to be less risky than RBTZ.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YMAX.AX	RBTZ.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.30%	10.02%	-7.72%
Volatility (6M) Calculated over the trailing 6-month period	8.64%	19.99%	-11.35%
Volatility (1Y) Calculated over the trailing 1-year period	11.26%	24.30%	-13.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.42%	22.98%	-11.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.70%	22.50%	-8.80%

YMAX.AX vs. RBTZ.AX - Expense Ratio Comparison

YMAX.AX has a 0.64% expense ratio, which is higher than RBTZ.AX's 0.57% expense ratio.

Dividends

YMAX.AX vs. RBTZ.AX - Dividend Comparison

YMAX.AX's dividend yield for the trailing twelve months is around 4.44%, more than RBTZ.AX's 0.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RBTZ.AX BetaShares Global Robotics and Artificial Intelligence ETF	0.05%	1.87%	4.61%	0.05%	0.87%	3.02%	3.79%	0.51%	0.00%	0.00%	0.00%	0.00%
YMAX.AX Betashares Australian Top 20 Equities Yield Maximiser Complex ETF	4.44%	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

Can I hold both YMAX.AX and RBTZ.AX in my portfolio?

YMAX.AX and RBTZ.AX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YMAX.AX or RBTZ.AX?

On fees, RBTZ.AX is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YMAX.AX or RBTZ.AX?

RBTZ.AX is cheaper with a 0.57% expense ratio, compared with 0.64% for YMAX.AX.

What is the main difference between YMAX.AX and RBTZ.AX?

YMAX.AX is categorized as Australia Equities, while RBTZ.AX is Artificial Intelligence. Their fees differ too: 0.64% for YMAX.AX and 0.57% for RBTZ.AX.