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ASIA.AX vs. GGUS.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ASIA.AX vs. GGUS.AX

Last updated Jul 16, 2026
Documentation

ASIA.AX (BetaShares Asia Technology Tigers ETF) and GGUS.AX (Betashares Geared US Equities Currency Hedged Complex ETF) are both exchange-traded funds - ASIA.AX is a Technology Equities fund tracking the Solactive Asia Ex-Japan Technology & Internet Tigers Index, while GGUS.AX is a Global Equities fund actively managed by BetaShares. ASIA.AX is passively managed, while GGUS.AX is actively managed. Over the past 5 years, ASIA.AX returned 13.39%/yr vs 14.41%/yr for GGUS.AX. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

ASIA.AX vs. GGUS.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares Asia Technology Tigers ETF (ASIA.AX) and Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ASIA.AX achieves a 41.66% return, which is significantly higher than GGUS.AX's 18.74% return.

ASIA.AX

1D
-4.07%
1M
-8.91%
6M
31.84%
YTD
41.66%
1Y
73.48%
3Y*
40.14%
5Y*
13.39%
10Y*
—

GGUS.AX

1D
0.25%
1M
0.33%
6M
16.82%
YTD
18.74%
1Y
39.79%
3Y*
31.10%
5Y*
14.41%
10Y*
21.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ASIA.AX vs. GGUS.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
ASIA.AX
BetaShares Asia Technology Tigers ETF		41.66%43.48%34.52%10.84%-26.08%-15.49%62.13%36.05%-14.17%
GGUS.AX
Betashares Geared US Equities Currency Hedged Complex ETF		18.74%18.83%45.64%49.70%-47.20%68.07%17.37%70.51%-32.56%

Correlation

The correlation between ASIA.AX and GGUS.AX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (All Time)
Calculated using the full available price history since Sep 18, 2018

0.51

The correlation between ASIA.AX and GGUS.AX shifts across timeframes, from 0.50 (5 years) to 0.64 (1 year), reflecting how their relationship changes across market environments.

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BetaShares Asia Technology Tigers ETF

Betashares Geared US Equities Currency Hedged Complex ETF

Return for Risk

ASIA.AX vs. GGUS.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ASIA.AX
ASIA.AX Risk / Return Rank: 7878
Overall Rank
ASIA.AX Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
ASIA.AX Sortino Ratio Rank: 6767
Sortino Ratio Rank
ASIA.AX Omega Ratio Rank: 7373
Omega Ratio Rank
ASIA.AX Calmar Ratio Rank: 8989
Calmar Ratio Rank
ASIA.AX Martin Ratio Rank: 8383
Martin Ratio Rank
GGUS.AX
GGUS.AX Risk / Return Rank: 4949
Overall Rank
GGUS.AX Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
GGUS.AX Sortino Ratio Rank: 4444
Sortino Ratio Rank
GGUS.AX Omega Ratio Rank: 5050
Omega Ratio Rank
GGUS.AX Calmar Ratio Rank: 4848
Calmar Ratio Rank
GGUS.AX Martin Ratio Rank: 5757
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASIA.AX vs. GGUS.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares Asia Technology Tigers ETF (ASIA.AX) and Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.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.

ASIA.AXGGUS.AXDifference
Sharpe ratioReturn per unit of total volatility
2.04
1.38

+0.66

Sortino ratioReturn per unit of downside risk
2.49
1.89

+0.60

Omega ratioGain probability vs. loss probability

1.34

1.26

+0.08

Calmar ratioReturn relative to maximum drawdown

4.19

2.00

+2.19

Martin ratioReturn relative to average drawdown

12.96

8.05

+4.91

ASIA.AX vs. GGUS.AX - Sharpe Ratio Comparison

The current ASIA.AX Sharpe Ratio is 2.04, which is higher than the GGUS.AX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of ASIA.AX and GGUS.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.

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Drawdowns

ASIA.AX vs. GGUS.AX - Drawdown Comparison

The maximum ASIA.AX drawdown since its inception was -59.62%, smaller than the maximum GGUS.AX drawdown of -64.26%. Use the drawdown chart below to compare losses from any high point for ASIA.AX and GGUS.AX.

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Drawdown Indicators

ASIA.AXGGUS.AXDifference

Max Drawdown

Largest peak-to-trough decline

-59.62%

-64.26%

+4.64%

Max Drawdown (1Y)

Largest decline over 1 year

-16.12%

-20.90%

+4.78%

Max Drawdown (3Y)

Largest decline over 3 years

-17.53%

-46.78%

+29.25%

Max Drawdown (5Y)

Largest decline over 5 years

-50.50%

-55.53%

+5.03%

Max Drawdown (10Y)

Largest decline over 10 years

—

-64.26%

—

Current Drawdown

Current decline from peak

-13.73%

-1.47%

-12.26%

Average Drawdown

Average peak-to-trough decline

-21.86%

-13.41%

-8.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.28%

5.24%

+0.04%

Volatility

ASIA.AX vs. GGUS.AX - Volatility Comparison

BetaShares Asia Technology Tigers ETF (ASIA.AX) has a higher volatility of 15.77% compared to Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.AX) at 5.85%. This indicates that ASIA.AX's price experiences larger fluctuations and is considered to be riskier than GGUS.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ASIA.AXGGUS.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.77%

5.85%

+9.92%

Volatility (6M)

Calculated over the trailing 6-month period

30.08%

25.54%

+4.54%

Volatility (1Y)

Calculated over the trailing 1-year period

33.13%

30.44%

+2.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.70%

41.72%

-14.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.20%

40.73%

-14.53%

Dividends

ASIA.AX vs. GGUS.AX - Dividend Comparison

ASIA.AX's dividend yield for the trailing twelve months is around 1.55%, while GGUS.AX has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
ASIA.AX
BetaShares Asia Technology Tigers ETF		1.55%0.61%0.29%0.05%1.16%4.15%1.01%0.00%0.00%0.00%0.00%
GGUS.AX
Betashares Geared US Equities Currency Hedged Complex ETF		0.00%1.69%0.00%0.00%6.12%2.52%0.00%0.12%0.96%0.62%0.89%

Frequently Asked Questions

ASIA.AX and GGUS.AX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ASIA.AX is categorized as Technology Equities, while GGUS.AX is Global Equities.

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