- Issuer
- Global X
- Inception Date
- Apr 7, 2017
- Category
- Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Global X Morningstar Global Technology Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
TECH.AX Performance Chart
Global X Morningstar Global Technology ETF (TECH.AX) is up 13.3% since the beginning of the year. TECH.AX is currently trading at A$112 per share. Investors who bought A$1,000 worth of TECH.AX shares 5 years ago would now be looking at an investment worth A$1,551.
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Returns By Period
Global X Morningstar Global Technology ETF (TECH.AX) has returned 13.34% so far this year and 10.92% over the past 12 months.
Global X Morningstar Global Technology ETF
- 1D
- -0.93%
- 1M
- -1.39%
- 6M
- 13.58%
- YTD
- 13.34%
- 1Y
- 10.92%
- 3Y*
- 13.91%
- 5Y*
- 9.17%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.12%
- 1M
- 1.38%
- 6M
- 4.49%
- YTD
- 5.58%
- 1Y
- 12.98%
- 3Y*
- 18.01%
- 5Y*
- 13.12%
- 10Y*
- 14.27%
TECH.AX Monthly Returns History
Based on dividend-adjusted daily data since Apr 7, 2017, TECH.AX's average daily return is +0.07%, while the average monthly return is +1.46%. At this rate, an investment would double in approximately 4.0 years.
Historically, 62% of months were positive and 38% were negative. The best month was May 2026 with a return of +21.1%, while the worst month was Feb 2020 at -10.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, TECH.AX closed higher 54% of trading days. The best single day was Apr 10, 2025 with a return of +10.9%, while the worst single day was Apr 7, 2025 at -6.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -9.62% | -7.12% | -3.21% | 11.09% | 21.14% | 7.25% | -3.36% | 13.34% | |||||
| 2025 | 4.57% | -2.12% | -9.94% | -2.53% | 10.54% | 4.50% | 3.32% | -1.77% | -0.31% | 0.84% | -5.04% | 0.22% | 0.78% |
| 2024 | 2.45% | 6.63% | 1.60% | -6.10% | -3.17% | 3.51% | 2.51% | 0.06% | -1.44% | 6.14% | 8.07% | 1.24% | 22.63% |
| 2023 | 6.80% | 6.01% | 6.83% | -3.98% | 9.09% | 2.21% | 3.95% | 0.02% | -4.99% | -7.35% | 11.25% | 5.02% | 38.47% |
| 2022 | -8.79% | -4.85% | -0.41% | -5.23% | -3.64% | -7.49% | 5.50% | -1.52% | -8.10% | 5.63% | -1.17% | -2.60% | -29.11% |
| 2021 | 1.39% | -1.75% | 2.67% | 2.78% | -2.12% | 7.11% | 2.07% | 3.56% | -0.87% | -2.57% | 8.04% | 0.70% | 22.40% |
Benchmark Metrics
Global X Morningstar Global Technology ETF has an annualized alpha of 18.09%, beta of 0.13, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since April 07, 2017.
- This ETF captured 125.68% of S&P 500 Index gains and 114.21% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Beta of 0.13 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 18.09%
- Beta
- 0.13
- R²
- 0.01
- Upside Capture
- 125.68%
- Downside Capture
- 114.21%
Return for Risk
Risk / Return Rank
TECH.AX ranks 18 for risk / return — in the bottom 18% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Morningstar Global Technology ETF (TECH.AX) and compare them to S&P 500 Index.
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.
| TECH.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 1.11 | -0.66 |
| Martin ratioReturn relative to average drawdown | 0.99 | 3.10 | -2.11 |
Dividends
Dividend History
Global X Morningstar Global Technology ETF provided a 3.40% dividend yield over the last twelve months, with an annual payout of A$3.83 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | A$3.83 | A$11.35 | A$7.01 | A$0.49 | A$3.55 | A$14.45 | A$7.65 | A$6.28 | A$3.85 | A$0.50 |
Dividend yield | 3.40% | 11.08% | 6.23% | 0.50% | 4.95% | 13.65% | 7.67% | 7.75% | 6.07% | 0.84% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Morningstar Global Technology ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$3.83 | A$3.83 | |||||
| 2025 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$11.35 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$11.35 |
| 2024 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$7.01 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$7.01 |
| 2023 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.46 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.04 | A$0.49 |
| 2022 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$3.55 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$3.55 |
| 2021 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$14.45 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$14.45 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Morningstar Global Technology ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Morningstar Global Technology ETF was 31.78%, occurring on Dec 29, 2022. Recovery took 277 trading sessions.
The current Global X Morningstar Global Technology ETF drawdown is 6.24%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-31.78%Dec 2022 | 1y 1mo | 1y 1mo | 2y 2moNov 2021 - Feb 2024 | Bear market2022 |
-28.45%Mar 2020 | 21d | 4mo 2d | 4mo 23dFeb 2020 - Jul 2020 | COVID crash2020 |
-26.49%Apr 2025 | 1mo 16d | 6mo 18d | 8mo 4dFeb 2025 - Oct 2025 | 2025 selloff2025 |
-26.30%Mar 2026 | 5mo 2d | 2mo 1d | 7mo 3dOct 2025 - May 2026 | — |
-17.80%Dec 2018 | 3mo 21d | 2mo 7d | 5mo 28dSep 2018 - Mar 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| TECH.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.78% | -41.07% | +9.29% |
Max Drawdown (1Y)Largest decline over 1 year | -26.30% | -11.69% | -14.61% |
Max Drawdown (3Y)Largest decline over 3 years | -26.49% | -17.74% | -8.75% |
Max Drawdown (5Y)Largest decline over 5 years | -31.78% | -22.01% | -9.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.71% | — |
Current DrawdownCurrent decline from peak | -6.24% | -0.60% | -5.64% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -11.02% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.27% | 4.20% | +8.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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