YMAX.AX vs. RDV.AX
YMAX.AX (Betashares Australian Top 20 Equities Yield Maximiser Complex ETF) and RDV.AX (Russell Investments High Dividend Australian Shares ETF) are both Australia Equities funds. YMAX.AX is actively managed, while RDV.AX is passively managed. Over the past 10 years, YMAX.AX returned 5.28%/yr vs 7.60%/yr for RDV.AX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. YMAX.AX charges 0.64%/yr vs 0.34%/yr for RDV.AX.
Performance
YMAX.AX vs. RDV.AX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, YMAX.AX achieves a 3.64% return, which is significantly lower than RDV.AX's 6.55% return. Over the past 10 years, YMAX.AX has underperformed RDV.AX with an annualized return of 5.28%, while RDV.AX has yielded a comparatively higher 7.60% annualized 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%
RDV.AX
- 1D
- -0.28%
- 1M
- 3.61%
- 6M
- 5.18%
- YTD
- 6.55%
- 1Y
- 8.90%
- 3Y*
- 11.43%
- 5Y*
- 8.74%
- 10Y*
- 7.60%
- ALL TIME*
- 7.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| A$329.73K | A$535.42K | A$425.19K | |
| A$784.54K | A$811.76K | A$1.07M |
YMAX.AX vs. RDV.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -5.59% | 4.13% |
RDV.AX Russell Investments High Dividend Australian Shares ETF | 6.55% | 12.55% | 12.31% | 8.23% | 2.30% | 15.36% | -5.86% | 19.92% | -9.14% | 9.86% |
Correlation
The correlation between YMAX.AX and RDV.AX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2012 | 0.77 |
The correlation between YMAX.AX and RDV.AX has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
YMAX.AX vs. RDV.AX — Risk / Return Rank
YMAX.AX
RDV.AX
YMAX.AX vs. RDV.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 Russell Investments High Dividend Australian Shares ETF (RDV.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 | RDV.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.14 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 1.25 | -0.98 |
| Martin ratioReturn relative to average drawdown | 0.53 | 2.35 | -1.83 |
Loading charts...
Drawdowns
YMAX.AX vs. RDV.AX - Drawdown Comparison
The maximum YMAX.AX drawdown since its inception was -31.97%, smaller than the maximum RDV.AX drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for YMAX.AX and RDV.AX.
Loading charts...
Drawdown Indicators
| YMAX.AX | RDV.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.97% | -40.60% | +8.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -6.38% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -11.90% | -10.09% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -12.73% | -14.71% | +1.98% |
Max Drawdown (10Y)Largest decline over 10 years | -31.97% | -40.60% | +8.63% |
Current DrawdownCurrent decline from peak | -0.46% | -1.07% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -5.15% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 3.46% | +0.11% |
Volatility
YMAX.AX vs. RDV.AX - Volatility Comparison
The current volatility for Betashares Australian Top 20 Equities Yield Maximiser Complex ETF (YMAX.AX) is 2.30%, while Russell Investments High Dividend Australian Shares ETF (RDV.AX) has a volatility of 2.44%. This indicates that YMAX.AX experiences smaller price fluctuations and is considered to be less risky than RDV.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| YMAX.AX | RDV.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 2.44% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 8.20% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.26% | 10.39% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.42% | 12.20% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.70% | 14.78% | -1.08% |
YMAX.AX vs. RDV.AX - Expense Ratio Comparison
YMAX.AX has a 0.64% expense ratio, which is higher than RDV.AX's 0.34% expense ratio.
Dividends
YMAX.AX vs. RDV.AX - Dividend Comparison
YMAX.AX's dividend yield for the trailing twelve months is around 4.44%, more than RDV.AX's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDV.AX Russell Investments High Dividend Australian Shares ETF | 3.95% | 4.60% | 4.02% | 4.90% | 6.65% | 4.12% | 3.21% | 6.54% | 7.41% | 5.41% | 4.44% | 5.93% |
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
YMAX.AX and RDV.AX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RDV.AX is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RDV.AX is cheaper with a 0.34% expense ratio, compared with 0.64% for YMAX.AX.
They also come from different issuers: BetaShares and Russell. Their fees differ too: 0.64% for YMAX.AX and 0.34% for RDV.AX.
Find the right allocation for YMAX.AX and RDV.AX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer