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ESGI.AX vs. GNDQ.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ESGI.AX vs. GNDQ.AX

Last updated Jul 18, 2026
Documentation

ESGI.AX (VanEck MSCI International Sustainable Equity ETF) and GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) are both Global Equities funds. ESGI.AX is passively managed, while GNDQ.AX is actively managed. Over the past year, ESGI.AX returned 6.75% vs 21.89% for GNDQ.AX. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

ESGI.AX vs. GNDQ.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck MSCI International Sustainable Equity ETF (ESGI.AX) and Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.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, ESGI.AX achieves a 5.11% return, which is significantly lower than GNDQ.AX's 9.74% return.

ESGI.AX

1D
-1.25%
1M
3.34%
6M
2.68%
YTD
5.11%
1Y
6.75%
3Y*
13.68%
5Y*
10.11%
10Y*
—

GNDQ.AX

1D
-4.30%
1M
-6.38%
6M
9.42%
YTD
9.74%
1Y
21.89%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ESGI.AX vs. GNDQ.AX - Yearly Performance Comparison

2026 (YTD)20252024
ESGI.AX
VanEck MSCI International Sustainable Equity ETF		5.11%6.29%2.73%
GNDQ.AX
Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF		9.74%15.96%17.76%

Correlation

The correlation between ESGI.AX and GNDQ.AX is 0.51, 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

0.51

Correlation (All Time)
Calculated using the full available price history since Oct 15, 2024

0.57

The correlation between ESGI.AX and GNDQ.AX has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck MSCI International Sustainable Equity ETF

Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF

Often compared with ESGI.AX:
ESGI.AX vs. CORE.AXESGI.AX vs. ESTX.AXESGI.AX vs. ETHI.AXESGI.AX vs. F100.AXESGI.AX vs. GLIN.AXESGI.AX vs. GRNV.AXESGI.AX vs. HGEN.AX
Often compared with GNDQ.AX:
GNDQ.AX vs. DHHF.AXGNDQ.AX vs. EX20.AXGNDQ.AX vs. FOOD.AXGNDQ.AX vs. FUEL.AXGNDQ.AX vs. GEAR.AXGNDQ.AX vs. GGUS.AXGNDQ.AX vs. A200.AX

Return for Risk

ESGI.AX vs. GNDQ.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ESGI.AX
ESGI.AX Risk / Return Rank: 1818
Overall Rank
ESGI.AX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
ESGI.AX Sortino Ratio Rank: 1919
Sortino Ratio Rank
ESGI.AX Omega Ratio Rank: 1818
Omega Ratio Rank
ESGI.AX Calmar Ratio Rank: 1717
Calmar Ratio Rank
ESGI.AX Martin Ratio Rank: 1616
Martin Ratio Rank
GNDQ.AX
GNDQ.AX Risk / Return Rank: 2929
Overall Rank
GNDQ.AX Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
GNDQ.AX Sortino Ratio Rank: 3232
Sortino Ratio Rank
GNDQ.AX Omega Ratio Rank: 3131
Omega Ratio Rank
GNDQ.AX Calmar Ratio Rank: 2525
Calmar Ratio Rank
GNDQ.AX Martin Ratio Rank: 2424
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.

ESGI.AX vs. GNDQ.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck MSCI International Sustainable Equity ETF (ESGI.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.

ESGI.AXGNDQ.AXDifference
Sharpe ratioReturn per unit of total volatility
0.46
0.93

-0.47

Sortino ratioReturn per unit of downside risk
0.76
1.35

-0.59

Omega ratioGain probability vs. loss probability

1.09

1.17

-0.08

Calmar ratioReturn relative to maximum drawdown

0.44

0.92

-0.48

Martin ratioReturn relative to average drawdown

1.02

2.29

-1.26

ESGI.AX vs. GNDQ.AX - Sharpe Ratio Comparison

The current ESGI.AX Sharpe Ratio is 0.46, which is lower than the GNDQ.AX Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of ESGI.AX and GNDQ.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

ESGI.AX vs. GNDQ.AX - Drawdown Comparison

The maximum ESGI.AX drawdown since its inception was -22.88%, smaller than the maximum GNDQ.AX drawdown of -30.89%. Use the drawdown chart below to compare losses from any high point for ESGI.AX and GNDQ.AX.

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Drawdown Indicators

ESGI.AXGNDQ.AXDifference

Max Drawdown

Largest peak-to-trough decline

-22.88%

-30.89%

+8.01%

Max Drawdown (1Y)

Largest decline over 1 year

-14.92%

-23.50%

+8.58%

Max Drawdown (3Y)

Largest decline over 3 years

-14.92%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-19.38%

—

—

Current Drawdown

Current decline from peak

-2.23%

-9.40%

+7.17%

Average Drawdown

Average peak-to-trough decline

-4.51%

-6.91%

+2.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.53%

9.51%

-2.98%

Volatility

ESGI.AX vs. GNDQ.AX - Volatility Comparison

The current volatility for VanEck MSCI International Sustainable Equity ETF (ESGI.AX) is 3.83%, while Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) has a volatility of 8.57%. This indicates that ESGI.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

ESGI.AXGNDQ.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.83%

8.57%

-4.74%

Volatility (6M)

Calculated over the trailing 6-month period

12.20%

18.07%

-5.87%

Volatility (1Y)

Calculated over the trailing 1-year period

14.36%

23.33%

-8.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.01%

29.55%

-16.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.87%

29.55%

-15.68%

Dividends

ESGI.AX vs. GNDQ.AX - Dividend Comparison

ESGI.AX's dividend yield for the trailing twelve months is around 2.74%, more than GNDQ.AX's 1.56% yield.

PositionTTM20252024202320222021202020192018
ESGI.AX
VanEck MSCI International Sustainable Equity ETF		2.74%6.43%6.58%3.35%2.39%1.42%1.50%1.55%0.52%
GNDQ.AX
Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF		1.56%0.92%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ESGI.AX and GNDQ.AX have a correlation of 0.51, 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: VanEck and BetaShares.

Portfolio Optimizer

Find the right allocation for ESGI.AX and GNDQ.AX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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