GEAR.AX vs. CORE.AX
GEAR.AX (Betashares Geared Australian Equities Complex ETF) and CORE.AX (Schroder Global Core Fund - Active ETF) are both Global Equities funds. Both are actively managed. Over the past year, GEAR.AX returned 3.78% vs 15.14% for CORE.AX. At a 0.36 correlation, their price movements are largely independent.
Performance
GEAR.AX vs. CORE.AX - Performance Comparison
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Returns By Period
In the year-to-date period, GEAR.AX achieves a 1.29% return, which is significantly lower than CORE.AX's 4.95% return.
GEAR.AX
- 1D
- 0.08%
- 1M
- -2.32%
- 6M
- 0.16%
- YTD
- 1.29%
- 1Y
- 3.78%
- 3Y*
- 13.69%
- 5Y*
- 8.25%
- 10Y*
- 10.21%
CORE.AX
- 1D
- -0.25%
- 1M
- 0.93%
- 6M
- 4.67%
- YTD
- 4.95%
- 1Y
- 15.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEAR.AX vs. CORE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEAR.AX Betashares Geared Australian Equities Complex ETF | 1.29% | 6.29% |
CORE.AX Schroder Global Core Fund - Active ETF | 4.95% | 12.78% |
Correlation
The correlation between GEAR.AX and CORE.AX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.36 |
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Return for Risk
GEAR.AX vs. CORE.AX — Risk / Return Rank
GEAR.AX
CORE.AX
GEAR.AX vs. CORE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Geared Australian Equities Complex ETF (GEAR.AX) and Schroder Global Core Fund - Active ETF (CORE.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.
| GEAR.AX | CORE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.28 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 1.68 | -1.37 |
| Martin ratioReturn relative to average drawdown | 0.66 | 4.54 | -3.87 |
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Drawdowns
GEAR.AX vs. CORE.AX - Drawdown Comparison
The maximum GEAR.AX drawdown since its inception was -66.50%, which is greater than CORE.AX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for GEAR.AX and CORE.AX.
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Drawdown Indicators
| GEAR.AX | CORE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.50% | -10.20% | -56.30% |
Max Drawdown (1Y)Largest decline over 1 year | -17.82% | -10.20% | -7.62% |
Max Drawdown (3Y)Largest decline over 3 years | -30.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.50% | — | — |
Current DrawdownCurrent decline from peak | -8.41% | -1.34% | -7.07% |
Average DrawdownAverage peak-to-trough decline | -12.21% | -2.60% | -9.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.40% | — | — |
Volatility
GEAR.AX vs. CORE.AX - Volatility Comparison
Betashares Geared Australian Equities Complex ETF (GEAR.AX) has a higher volatility of 5.08% compared to Schroder Global Core Fund - Active ETF (CORE.AX) at 2.12%. This indicates that GEAR.AX's price experiences larger fluctuations and is considered to be riskier than CORE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GEAR.AX | CORE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 2.12% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 21.27% | 7.39% | +13.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.91% | 12.44% | +13.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.72% | 12.50% | +17.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.91% | 12.50% | +20.41% |
Dividends
GEAR.AX vs. CORE.AX - Dividend Comparison
GEAR.AX's dividend yield for the trailing twelve months is around 0.57%, less than CORE.AX's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 0.68% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GEAR.AX Betashares Geared Australian Equities Complex ETF | 0.57% | 1.39% | 0.26% | 0.92% | 8.66% | 3.72% | 5.62% | 6.55% | 2.90% | 1.64% | 1.57% | 1.74% |
Frequently Asked Questions
GEAR.AX and CORE.AX have a correlation of 0.37, 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: BetaShares and Schroder.
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