GEAR.AX vs. GNDQ.AX
GEAR.AX (Betashares Geared Australian Equities Complex ETF) and GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) are both Global Equities funds from BetaShares. Both are actively managed. Over the past year, GEAR.AX returned 3.78% vs 29.16% for GNDQ.AX. At a 0.43 correlation, their price movements are largely independent.
Performance
GEAR.AX vs. GNDQ.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 GNDQ.AX's 14.66% 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%
GNDQ.AX
- 1D
- -1.62%
- 1M
- -1.89%
- 6M
- 13.60%
- YTD
- 14.66%
- 1Y
- 29.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEAR.AX vs. GNDQ.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GEAR.AX Betashares Geared Australian Equities Complex ETF | 1.29% | 15.80% | -3.06% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 14.66% | 15.96% | 17.76% |
Correlation
The correlation between GEAR.AX and GNDQ.AX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | 0.43 |
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Return for Risk
GEAR.AX vs. GNDQ.AX — Risk / Return Rank
GEAR.AX
GNDQ.AX
GEAR.AX vs. GNDQ.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 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.
| GEAR.AX | GNDQ.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.22 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 1.23 | -0.93 |
| Martin ratioReturn relative to average drawdown | 0.66 | 3.07 | -2.41 |
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Drawdowns
GEAR.AX vs. GNDQ.AX - Drawdown Comparison
The maximum GEAR.AX drawdown since its inception was -66.50%, 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 GEAR.AX and GNDQ.AX.
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Drawdown Indicators
| GEAR.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.50% | -30.89% | -35.61% |
Max Drawdown (1Y)Largest decline over 1 year | -17.82% | -23.50% | +5.68% |
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% | -5.33% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -12.21% | -6.90% | -5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.40% | 9.49% | -1.09% |
Volatility
GEAR.AX vs. GNDQ.AX - Volatility Comparison
The current volatility for Betashares Geared Australian Equities Complex ETF (GEAR.AX) is 5.08%, while Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) has a volatility of 7.42%. This indicates that GEAR.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
| GEAR.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 7.42% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 21.27% | 17.55% | +3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.91% | 22.92% | +2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.72% | 29.39% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.91% | 29.39% | +3.52% |
Dividends
GEAR.AX vs. GNDQ.AX - Dividend Comparison
GEAR.AX's dividend yield for the trailing twelve months is around 0.57%, less than GNDQ.AX's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GEAR.AX and GNDQ.AX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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