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GGUS.AX vs. IHOO.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GGUS.AX vs. IHOO.AX

Last updated Jul 16, 2026
Documentation

GGUS.AX (Betashares Geared US Equities Currency Hedged Complex ETF) and IHOO.AX (iShares Global 100 AUD Hedged ETF) are both Global Equities funds. GGUS.AX is actively managed, while IHOO.AX is passively managed. Over the past 10 years, GGUS.AX returned 21.27%/yr vs 15.25%/yr for IHOO.AX. Their correlation of 0.82 suggests significant overlap in exposure.

Performance

GGUS.AX vs. IHOO.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.AX) and iShares Global 100 AUD Hedged ETF (IHOO.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GGUS.AX achieves a 18.74% return, which is significantly higher than IHOO.AX's 10.69% return. Over the past 10 years, GGUS.AX has outperformed IHOO.AX with an annualized return of 21.27%, while IHOO.AX has yielded a comparatively lower 15.25% annualized return.

GGUS.AX

1D
0.25%
1M
0.33%
6M
16.82%
YTD
18.74%
1Y
39.79%
3Y*
31.10%
5Y*
14.41%
10Y*
21.27%

IHOO.AX

1D
0.87%
1M
0.91%
6M
9.21%
YTD
10.69%
1Y
28.47%
3Y*
22.70%
5Y*
14.72%
10Y*
15.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GGUS.AX vs. IHOO.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GGUS.AX
Betashares Geared US Equities Currency Hedged Complex ETF		18.74%18.83%45.64%49.70%-47.20%68.07%17.37%70.51%-21.12%45.08%
IHOO.AX
iShares Global 100 AUD Hedged ETF		10.69%24.02%27.67%24.45%-16.15%26.46%12.48%28.93%-5.87%20.68%

Correlation

The correlation between GGUS.AX and IHOO.AX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (10Y)
Calculated over the trailing 10-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Aug 17, 2015

0.82

The correlation between GGUS.AX and IHOO.AX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

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Betashares Geared US Equities Currency Hedged Complex ETF

iShares Global 100 AUD Hedged ETF

Return for Risk

GGUS.AX vs. IHOO.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GGUS.AX
GGUS.AX Risk / Return Rank: 4949
Overall Rank
GGUS.AX Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
GGUS.AX Sortino Ratio Rank: 4444
Sortino Ratio Rank
GGUS.AX Omega Ratio Rank: 5050
Omega Ratio Rank
GGUS.AX Calmar Ratio Rank: 4848
Calmar Ratio Rank
GGUS.AX Martin Ratio Rank: 5757
Martin Ratio Rank
IHOO.AX
IHOO.AX Risk / Return Rank: 7373
Overall Rank
IHOO.AX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IHOO.AX Sortino Ratio Rank: 7070
Sortino Ratio Rank
IHOO.AX Omega Ratio Rank: 7575
Omega Ratio Rank
IHOO.AX Calmar Ratio Rank: 7272
Calmar Ratio Rank
IHOO.AX Martin Ratio Rank: 7373
Martin Ratio Rank
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.

GGUS.AX vs. IHOO.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.AX) and iShares Global 100 AUD Hedged ETF (IHOO.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.

GGUS.AXIHOO.AXDifference
Sharpe ratioReturn per unit of total volatility
1.38
1.88

-0.50

Sortino ratioReturn per unit of downside risk
1.89
2.57

-0.68

Omega ratioGain probability vs. loss probability

1.26

1.35

-0.09

Calmar ratioReturn relative to maximum drawdown

2.00

2.93

-0.93

Martin ratioReturn relative to average drawdown

8.05

10.75

-2.70

GGUS.AX vs. IHOO.AX - Sharpe Ratio Comparison

The current GGUS.AX Sharpe Ratio is 1.38, which is comparable to the IHOO.AX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of GGUS.AX and IHOO.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GGUS.AX vs. IHOO.AX - Drawdown Comparison

The maximum GGUS.AX drawdown since its inception was -64.26%, which is greater than IHOO.AX's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for GGUS.AX and IHOO.AX.

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Drawdown Indicators

GGUS.AXIHOO.AXDifference

Max Drawdown

Largest peak-to-trough decline

-64.26%

-33.91%

-30.35%

Max Drawdown (1Y)

Largest decline over 1 year

-20.90%

-9.58%

-11.32%

Max Drawdown (3Y)

Largest decline over 3 years

-46.78%

-21.25%

-25.53%

Max Drawdown (5Y)

Largest decline over 5 years

-55.53%

-22.19%

-33.34%

Max Drawdown (10Y)

Largest decline over 10 years

-64.26%

-33.91%

-30.35%

Current Drawdown

Current decline from peak

-1.47%

-1.67%

+0.20%

Average Drawdown

Average peak-to-trough decline

-13.41%

-4.26%

-9.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.24%

2.65%

+2.59%

Volatility

GGUS.AX vs. IHOO.AX - Volatility Comparison

Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.AX) has a higher volatility of 5.85% compared to iShares Global 100 AUD Hedged ETF (IHOO.AX) at 3.89%. This indicates that GGUS.AX's price experiences larger fluctuations and is considered to be riskier than IHOO.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GGUS.AXIHOO.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.85%

3.89%

+1.96%

Volatility (6M)

Calculated over the trailing 6-month period

25.54%

12.11%

+13.43%

Volatility (1Y)

Calculated over the trailing 1-year period

30.44%

14.98%

+15.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

41.72%

17.93%

+23.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.73%

17.85%

+22.88%

Dividends

GGUS.AX vs. IHOO.AX - Dividend Comparison

GGUS.AX has not paid dividends to shareholders, while IHOO.AX's dividend yield for the trailing twelve months is around 4.46%.

PositionTTM20252024202320222021202020192018201720162015
GGUS.AX
Betashares Geared US Equities Currency Hedged Complex ETF		0.00%1.69%0.00%0.00%6.12%2.52%0.00%0.12%0.96%0.62%0.89%0.00%
IHOO.AX
iShares Global 100 AUD Hedged ETF		4.46%0.70%0.87%1.44%1.68%16.51%2.57%2.33%8.40%11.15%0.53%1.75%

Frequently Asked Questions

With a correlation of 0.91, GGUS.AX and IHOO.AX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

They also come from different issuers: BetaShares and iShares.

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