GDG.AX vs. FXAIX

Last updated Jun 5, 2026

GDG.AX (Generation Development Group Limited) is a stock, while FXAIX (Fidelity 500 Index Fund) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, GDG.AX returned 27.39%/yr vs 15.94%/yr for FXAIX. At a correlation of -0.01, they often move in opposite directions.

Performance

GDG.AX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Generation Development Group Limited (GDG.AX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GDG.AX is traded in AUD, while FXAIX is traded in USD. To make them comparable, the FXAIX values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GDG.AX achieves a -31.59% return, which is significantly lower than FXAIX's 4.17% return. Over the past 10 years, GDG.AX has outperformed FXAIX with an annualized return of 27.39%, while FXAIX has yielded a comparatively lower 15.94% annualized return.

GDG.AX

• 1D: -2.66%
• 1M: 11.67%
• YTD: -31.59%
• 6M: -34.05%
• 1Y: -24.57%
• 3Y*: 52.81%
• 5Y*: 40.52%
• 10Y*: 27.39%

FXAIX

• 1D: 0.36%
• 1M: 4.63%
• YTD: 4.17%
• 6M: 3.34%
• 1Y: 17.83%
• 3Y*: 19.67%
• 5Y*: 15.89%
• 10Y*: 15.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GDG.AX vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GDG.AX Generation Development Group Limited	-31.59%	86.19%	108.08%	42.71%	-12.72%	118.10%	-2.49%	19.51%	-50.35%	164.91%
FXAIX Fidelity 500 Index Fund	4.17%	9.29%	37.59%	26.39%	-12.73%	36.25%	8.02%	32.10%	5.82%	12.54%

Correlation

The correlation between GDG.AX and FXAIX is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (10Y) Calculated over the trailing 10-year period	-0.02
Correlation (All Time) Calculated using the full available price history since May 5, 2011	-0.01

Return for Risk

GDG.AX vs. FXAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDG.AX

GDG.AX Risk / Return Rank: 23
GDG.AX Sharpe Ratio Rank: 21
GDG.AX Sortino Ratio Rank: 23
GDG.AX Omega Ratio Rank: 23
GDG.AX Calmar Ratio Rank: 26
GDG.AX Martin Ratio Rank: 24

FXAIX

FXAIX Risk / Return Rank: 73
FXAIX Sharpe Ratio Rank: 73
FXAIX Sortino Ratio Rank: 66
FXAIX Omega Ratio Rank: 67
FXAIX Calmar Ratio Rank: 74
FXAIX Martin Ratio Rank: 84

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.

GDG.AX vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Generation Development Group Limited (GDG.AX) and Fidelity 500 Index Fund (FXAIX). 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.

	GDG.AX	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.46	1.70	-2.16
Sortino ratio: Return per unit of downside risk	-0.33	2.36	-2.70
Omega ratio: Gain probability vs. loss probability	0.95	1.32	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.46	1.51	-1.98
Martin ratio: Return relative to average drawdown	-0.86	4.29	-5.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GDG.AX vs. FXAIX - Sharpe Ratio Comparison

The current GDG.AX Sharpe Ratio is -0.46, which is lower than the FXAIX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of GDG.AX and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GDG.AX	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.46	1.70	-2.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	1.09	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.98	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	1.12	-1.00

Drawdowns

GDG.AX vs. FXAIX - Drawdown Comparison

The maximum GDG.AX drawdown since its inception was -96.57%, which is greater than FXAIX's maximum drawdown of -24.57%. Use the drawdown chart below to compare losses from any high point for GDG.AX and FXAIX.

Drawdown Indicators

	GDG.AX	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-96.57%	-24.57%	-72.00%
Max Drawdown (1Y) Largest decline over 1 year	-53.05%	-11.25%	-41.80%
Max Drawdown (3Y) Largest decline over 3 years	-53.05%	-17.48%	-35.57%
Max Drawdown (5Y) Largest decline over 5 years	-53.05%	-21.44%	-31.61%
Max Drawdown (10Y) Largest decline over 10 years	-74.47%	-24.57%	-49.90%
Current Drawdown Current decline from peak	-46.98%	0.00%	-46.98%
Average Drawdown Average peak-to-trough decline	-57.18%	-3.58%	-53.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.69%	3.97%	+24.72%

Volatility

GDG.AX vs. FXAIX - Volatility Comparison

Generation Development Group Limited (GDG.AX) has a higher volatility of 13.19% compared to Fidelity 500 Index Fund (FXAIX) at 1.67%. This indicates that GDG.AX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDG.AX	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.19%	1.67%	+11.52%
Volatility (6M) Calculated over the trailing 6-month period	46.65%	7.47%	+39.18%
Volatility (1Y) Calculated over the trailing 1-year period	53.43%	10.01%	+43.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.10%	14.58%	+26.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.50%	16.33%	+29.17%

Dividends

GDG.AX vs. FXAIX - Dividend Comparison

GDG.AX's dividend yield for the trailing twelve months is around 12.69%, more than FXAIX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXAIX Fidelity 500 Index Fund	1.03%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
GDG.AX Generation Development Group Limited	12.69%	12.39%	0.54%	1.10%	1.55%	1.33%	2.79%	2.63%	3.05%	1.49%	3.84%	4.09%

Frequently Asked Questions

Can I hold both GDG.AX and FXAIX in my portfolio?

GDG.AX and FXAIX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.