CORE.AX vs. GNDQ.AX
CORE.AX (Schroder Global Core Fund - Active ETF) and GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) are both Global Equities funds. Both are actively managed. Over the past year, CORE.AX returned 14.00% vs 21.89% for GNDQ.AX. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
CORE.AX vs. GNDQ.AX - Performance Comparison
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Returns By Period
In the year-to-date period, CORE.AX achieves a 3.61% return, which is significantly lower than GNDQ.AX's 9.74% return.
CORE.AX
- 1D
- -1.27%
- 1M
- -0.61%
- 6M
- 3.34%
- YTD
- 3.61%
- 1Y
- 14.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GNDQ.AX
- 1D
- -4.30%
- 1M
- -6.38%
- 6M
- 9.42%
- YTD
- 9.74%
- 1Y
- 21.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CORE.AX vs. GNDQ.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 3.61% | 12.78% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 9.74% | 21.56% |
Correlation
The correlation between CORE.AX and GNDQ.AX is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.60 |
The correlation between CORE.AX and GNDQ.AX has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
CORE.AX vs. GNDQ.AX — Risk / Return Rank
CORE.AX
GNDQ.AX
CORE.AX vs. GNDQ.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schroder Global Core Fund - Active ETF (CORE.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.
| CORE.AX | GNDQ.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.17 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 0.92 | +0.59 |
| Martin ratioReturn relative to average drawdown | 4.09 | 2.29 | +1.80 |
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Drawdowns
CORE.AX vs. GNDQ.AX - Drawdown Comparison
The maximum CORE.AX drawdown since its inception was -10.20%, smaller than the maximum GNDQ.AX drawdown of -30.89%. Use the drawdown chart below to compare losses from any high point for CORE.AX and GNDQ.AX.
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Drawdown Indicators
| CORE.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.20% | -30.89% | +20.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -23.50% | +13.30% |
Current DrawdownCurrent decline from peak | -2.60% | -9.40% | +6.80% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -6.91% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.51% | — |
Volatility
CORE.AX vs. GNDQ.AX - Volatility Comparison
The current volatility for Schroder Global Core Fund - Active ETF (CORE.AX) is 2.49%, while Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) has a volatility of 8.57%. This indicates that CORE.AX experiences smaller price fluctuations and is considered to be less risky 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
| CORE.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 8.57% | -6.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 18.07% | -10.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.51% | 23.33% | -10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.55% | 29.55% | -17.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.55% | 29.55% | -17.00% |
Dividends
CORE.AX vs. GNDQ.AX - Dividend Comparison
CORE.AX's dividend yield for the trailing twelve months is around 0.69%, less than GNDQ.AX's 1.56% yield.
| Position | TTM | 2025 |
|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 0.69% | 0.55% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 1.56% | 0.92% |
Frequently Asked Questions
CORE.AX and GNDQ.AX have a correlation of 0.62, 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: Schroder and BetaShares.
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