ESTX.AX vs. GNDQ.AX
ESTX.AX (Global X EURO STOXX 50 ETF) and GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) are both Global Equities funds. ESTX.AX is passively managed, while GNDQ.AX is actively managed. Over the past year, ESTX.AX returned 7.94% vs 21.89% for GNDQ.AX. At a 0.43 correlation, their price movements are largely independent.
Performance
ESTX.AX vs. GNDQ.AX - Performance Comparison
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Returns By Period
In the year-to-date period, ESTX.AX achieves a 1.82% return, which is significantly lower than GNDQ.AX's 9.74% return.
ESTX.AX
- 1D
- -1.36%
- 1M
- -0.65%
- 6M
- -1.28%
- YTD
- 1.82%
- 1Y
- 7.94%
- 3Y*
- 14.40%
- 5Y*
- 11.84%
- 10Y*
- 11.39%
GNDQ.AX
- 1D
- -4.30%
- 1M
- -6.38%
- 6M
- 9.42%
- YTD
- 9.74%
- 1Y
- 21.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESTX.AX vs. GNDQ.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ESTX.AX Global X EURO STOXX 50 ETF | 1.82% | 27.21% | 0.55% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 9.74% | 15.96% | 17.76% |
Correlation
The correlation between ESTX.AX and GNDQ.AX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | 0.43 |
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Return for Risk
ESTX.AX vs. GNDQ.AX — Risk / Return Rank
ESTX.AX
GNDQ.AX
ESTX.AX vs. GNDQ.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X EURO STOXX 50 ETF (ESTX.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.
| ESTX.AX | GNDQ.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.17 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 0.92 | -0.39 |
| Martin ratioReturn relative to average drawdown | 1.54 | 2.29 | -0.74 |
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Drawdowns
ESTX.AX vs. GNDQ.AX - Drawdown Comparison
The maximum ESTX.AX drawdown since its inception was -29.33%, smaller than the maximum GNDQ.AX drawdown of -30.89%. Use the drawdown chart below to compare losses from any high point for ESTX.AX and GNDQ.AX.
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Drawdown Indicators
| ESTX.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.33% | -30.89% | +1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -23.50% | +9.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.33% | — | — |
Current DrawdownCurrent decline from peak | -3.97% | -9.40% | +5.43% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -6.91% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 9.51% | -4.46% |
Volatility
ESTX.AX vs. GNDQ.AX - Volatility Comparison
The current volatility for Global X EURO STOXX 50 ETF (ESTX.AX) is 3.41%, while Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) has a volatility of 8.57%. This indicates that ESTX.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
| ESTX.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 8.57% | -5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 13.63% | 18.07% | -4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 23.33% | -7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 29.55% | -13.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 29.55% | -13.31% |
Dividends
ESTX.AX vs. GNDQ.AX - Dividend Comparison
ESTX.AX's dividend yield for the trailing twelve months is around 7.35%, more than GNDQ.AX's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESTX.AX Global X EURO STOXX 50 ETF | 7.35% | 1.79% | 4.19% | 3.67% | 3.90% | 1.60% | 2.15% | 2.79% | 4.16% | 1.15% | 0.15% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
ESTX.AX and GNDQ.AX have a correlation of 0.46, 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: Global X and BetaShares.
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