YMAX.AX vs. SEMI.AX
YMAX.AX (Betashares Australian Top 20 Equities Yield Maximiser Complex ETF) and SEMI.AX (Global X Semiconductor ETF) are both Global Equities funds. YMAX.AX is actively managed, while SEMI.AX is passively managed. Over the past 3 years, YMAX.AX returned 5.63%/yr vs 56.20%/yr for SEMI.AX. At a 0.39 correlation, their price movements are largely independent.
Performance
YMAX.AX vs. SEMI.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 SEMI.AX's 73.20% 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%
SEMI.AX
- 1D
- -5.18%
- 1M
- -8.58%
- 6M
- 56.90%
- YTD
- 73.20%
- 1Y
- 121.94%
- 3Y*
- 56.20%
- 5Y*
- —
- 10Y*
- —
YMAX.AX vs. SEMI.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
YMAX.AX Betashares Australian Top 20 Equities Yield Maximiser Complex ETF | 1.47% | 2.55% | 5.33% | 10.63% | 1.82% | -0.16% |
SEMI.AX Global X Semiconductor ETF | 73.20% | 43.80% | 35.17% | 69.12% | -30.92% | 15.60% |
Correlation
The correlation between YMAX.AX and SEMI.AX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | 0.39 |
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Return for Risk
YMAX.AX vs. SEMI.AX — Risk / Return Rank
YMAX.AX
SEMI.AX
YMAX.AX vs. SEMI.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 Global X Semiconductor ETF (SEMI.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 | SEMI.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.16 | ||
| Sortino ratioReturn per unit of downside risk | -3.43 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.50 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 8.01 | -7.78 |
| Martin ratioReturn relative to average drawdown | 0.44 | 25.91 | -25.47 |
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Drawdowns
YMAX.AX vs. SEMI.AX - Drawdown Comparison
The maximum YMAX.AX drawdown since its inception was -31.97%, smaller than the maximum SEMI.AX drawdown of -38.85%. Use the drawdown chart below to compare losses from any high point for YMAX.AX and SEMI.AX.
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Drawdown Indicators
| YMAX.AX | SEMI.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.97% | -38.85% | +6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -14.32% | +7.52% |
Max Drawdown (3Y)Largest decline over 3 years | -11.90% | -32.53% | +20.63% |
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% | -14.32% | +11.77% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -10.86% | +5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 4.48% | -0.93% |
Volatility
YMAX.AX vs. SEMI.AX - Volatility Comparison
The current volatility for Betashares Australian Top 20 Equities Yield Maximiser Complex ETF (YMAX.AX) is 2.69%, while Global X Semiconductor ETF (SEMI.AX) has a volatility of 15.14%. This indicates that YMAX.AX experiences smaller price fluctuations and is considered to be less risky than SEMI.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 | SEMI.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 15.14% | -12.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 29.63% | -20.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 34.76% | -23.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.41% | 31.62% | -20.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 31.62% | -17.93% |
Dividends
YMAX.AX vs. SEMI.AX - Dividend Comparison
YMAX.AX's dividend yield for the trailing twelve months is around 4.53%, less than SEMI.AX's 7.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEMI.AX Global X Semiconductor ETF | 7.62% | 5.60% | 3.44% | 0.54% | 0.96% | 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 SEMI.AX have a correlation of 0.31, 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 Global X.
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