ARMR.AX vs. GNDQ.AX
ARMR.AX (Betashares Global Defence ETF) and GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) are both exchange-traded funds - ARMR.AX is a Aerospace & Defense fund tracking the VettaFi Global Defence Leaders Index, while GNDQ.AX is a Global Equities fund actively managed by BetaShares. ARMR.AX is passively managed, while GNDQ.AX is actively managed. Over the past year, ARMR.AX returned -3.36% vs 29.16% for GNDQ.AX. At a 0.24 correlation, their price movements are largely independent.
Performance
ARMR.AX vs. GNDQ.AX - Performance Comparison
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Returns By Period
In the year-to-date period, ARMR.AX achieves a -6.62% return, which is significantly lower than GNDQ.AX's 14.66% return.
ARMR.AX
- 1D
- 0.45%
- 1M
- -3.73%
- 6M
- -19.26%
- YTD
- -6.62%
- 1Y
- -3.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GNDQ.AX
- 1D
- -1.62%
- 1M
- -1.89%
- 6M
- 13.60%
- YTD
- 14.66%
- 1Y
- 29.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARMR.AX vs. GNDQ.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARMR.AX Betashares Global Defence ETF | -6.62% | 47.73% | 9.44% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 14.66% | 15.96% | 17.76% |
Correlation
The correlation between ARMR.AX and GNDQ.AX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | 0.24 |
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Return for Risk
ARMR.AX vs. GNDQ.AX — Risk / Return Rank
ARMR.AX
GNDQ.AX
ARMR.AX vs. GNDQ.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Global Defence ETF (ARMR.AX) and Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.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.
| ARMR.AX | GNDQ.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.22 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 1.23 | -1.32 |
| Martin ratioReturn relative to average drawdown | -0.18 | 3.07 | -3.25 |
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Drawdowns
ARMR.AX vs. GNDQ.AX - Drawdown Comparison
The maximum ARMR.AX drawdown since its inception was -22.93%, smaller than the maximum GNDQ.AX drawdown of -30.89%. Use the drawdown chart below to compare losses from any high point for ARMR.AX and GNDQ.AX.
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Drawdown Indicators
| ARMR.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -30.89% | +7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -23.50% | +0.57% |
Current DrawdownCurrent decline from peak | -20.43% | -5.33% | -15.10% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -6.90% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.96% | 9.49% | +1.47% |
Volatility
ARMR.AX vs. GNDQ.AX - Volatility Comparison
Betashares Global Defence ETF (ARMR.AX) has a higher volatility of 8.91% compared to Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) at 7.42%. This indicates that ARMR.AX's price experiences larger fluctuations and is considered to be riskier than GNDQ.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARMR.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.91% | 7.42% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 19.25% | 17.55% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 22.92% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.54% | 29.39% | -5.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.54% | 29.39% | -5.85% |
Dividends
ARMR.AX vs. GNDQ.AX - Dividend Comparison
ARMR.AX's dividend yield for the trailing twelve months is around 2.08%, more than GNDQ.AX's 1.49% yield.
| Position | TTM | 2025 |
|---|---|---|
ARMR.AX Betashares Global Defence ETF | 2.08% | 2.18% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 1.49% | 0.92% |
Frequently Asked Questions
ARMR.AX and GNDQ.AX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARMR.AX is categorized as Aerospace & Defense, while GNDQ.AX is Global Equities.
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