FOOD.AX vs. GNDQ.AX
FOOD.AX (Betashares Global Agriculture Companies Currency Hedged ETF) and GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) are both Global Equities funds from BetaShares. FOOD.AX is passively managed, while GNDQ.AX is actively managed. Over the past year, FOOD.AX returned 19.32% vs 29.16% for GNDQ.AX. At a 0.07 correlation, their price movements are largely independent.
Performance
FOOD.AX vs. GNDQ.AX - Performance Comparison
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Returns By Period
In the year-to-date period, FOOD.AX achieves a 13.63% return, which is significantly lower than GNDQ.AX's 14.66% return.
FOOD.AX
- 1D
- 0.38%
- 1M
- 1.59%
- 6M
- 11.05%
- YTD
- 13.63%
- 1Y
- 19.32%
- 3Y*
- 7.23%
- 5Y*
- 4.85%
- 10Y*
- —
GNDQ.AX
- 1D
- -1.62%
- 1M
- -1.89%
- 6M
- 13.60%
- YTD
- 14.66%
- 1Y
- 29.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FOOD.AX vs. GNDQ.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FOOD.AX Betashares Global Agriculture Companies Currency Hedged ETF | 13.63% | 16.69% | -5.70% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 14.66% | 15.96% | 17.76% |
Correlation
The correlation between FOOD.AX and GNDQ.AX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | 0.07 |
The correlation between FOOD.AX and GNDQ.AX shifts across timeframes, from -0.04 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FOOD.AX vs. GNDQ.AX — Risk / Return Rank
FOOD.AX
GNDQ.AX
FOOD.AX vs. GNDQ.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Global Agriculture Companies Currency Hedged ETF (FOOD.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.
| FOOD.AX | GNDQ.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.23 | +0.58 |
| Martin ratioReturn relative to average drawdown | 5.18 | 3.07 | +2.11 |
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Drawdowns
FOOD.AX vs. GNDQ.AX - Drawdown Comparison
The maximum FOOD.AX drawdown since its inception was -39.46%, which is greater than GNDQ.AX's maximum drawdown of -30.89%. Use the drawdown chart below to compare losses from any high point for FOOD.AX and GNDQ.AX.
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Drawdown Indicators
| FOOD.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.46% | -30.89% | -8.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -23.50% | +12.44% |
Max Drawdown (3Y)Largest decline over 3 years | -22.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.67% | — | — |
Current DrawdownCurrent decline from peak | -5.87% | -5.33% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -11.38% | -6.90% | -4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 9.49% | -5.60% |
Volatility
FOOD.AX vs. GNDQ.AX - Volatility Comparison
The current volatility for Betashares Global Agriculture Companies Currency Hedged ETF (FOOD.AX) is 3.76%, while Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) has a volatility of 7.42%. This indicates that FOOD.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
| FOOD.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 7.42% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 13.70% | 17.55% | -3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.49% | 22.92% | -6.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 29.39% | -11.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.50% | 29.39% | -11.89% |
Dividends
FOOD.AX vs. GNDQ.AX - Dividend Comparison
FOOD.AX's dividend yield for the trailing twelve months is around 3.96%, more than GNDQ.AX's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FOOD.AX Betashares Global Agriculture Companies Currency Hedged ETF | 3.96% | 0.00% | 1.48% | 0.00% | 2.57% | 3.39% | 0.00% | 0.46% | 3.60% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 1.49% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FOOD.AX and GNDQ.AX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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