GGUS.AX vs. SEMI.AX
GGUS.AX (Betashares Geared US Equities Currency Hedged Complex ETF) and SEMI.AX (Global X Semiconductor ETF) are both Global Equities funds. GGUS.AX is actively managed, while SEMI.AX is passively managed. Over the past 3 years, GGUS.AX returned 31.10%/yr vs 56.20%/yr for SEMI.AX. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
GGUS.AX vs. SEMI.AX - Performance Comparison
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Returns By Period
In the year-to-date period, GGUS.AX achieves a 18.74% return, which is significantly lower than SEMI.AX's 73.20% 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%
SEMI.AX
- 1D
- -5.18%
- 1M
- -8.58%
- 6M
- 56.90%
- YTD
- 73.20%
- 1Y
- 121.94%
- 3Y*
- 56.20%
- 5Y*
- —
- 10Y*
- —
GGUS.AX vs. SEMI.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GGUS.AX Betashares Geared US Equities Currency Hedged Complex ETF | 18.74% | 18.83% | 45.64% | 49.70% | -47.20% | 13.20% |
SEMI.AX Global X Semiconductor ETF | 73.20% | 43.80% | 35.17% | 69.12% | -30.92% | 15.60% |
Correlation
The correlation between GGUS.AX and SEMI.AX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | 0.70 |
The correlation between GGUS.AX and SEMI.AX has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.
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Return for Risk
GGUS.AX vs. SEMI.AX — Risk / Return Rank
GGUS.AX
SEMI.AX
GGUS.AX vs. SEMI.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 Global X Semiconductor ETF (SEMI.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.AX | SEMI.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.50 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 8.01 | -6.01 |
| Martin ratioReturn relative to average drawdown | 8.05 | 25.91 | -17.86 |
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Drawdowns
GGUS.AX vs. SEMI.AX - Drawdown Comparison
The maximum GGUS.AX drawdown since its inception was -64.26%, which is greater than SEMI.AX's maximum drawdown of -38.85%. Use the drawdown chart below to compare losses from any high point for GGUS.AX and SEMI.AX.
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Drawdown Indicators
| GGUS.AX | SEMI.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.26% | -38.85% | -25.41% |
Max Drawdown (1Y)Largest decline over 1 year | -20.90% | -14.32% | -6.58% |
Max Drawdown (3Y)Largest decline over 3 years | -46.78% | -32.53% | -14.25% |
Max Drawdown (5Y)Largest decline over 5 years | -55.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.26% | — | — |
Current DrawdownCurrent decline from peak | -1.47% | -14.32% | +12.85% |
Average DrawdownAverage peak-to-trough decline | -13.41% | -10.86% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.24% | 4.48% | +0.76% |
Volatility
GGUS.AX vs. SEMI.AX - Volatility Comparison
The current volatility for Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.AX) is 5.85%, while Global X Semiconductor ETF (SEMI.AX) has a volatility of 15.14%. This indicates that GGUS.AX experiences smaller price fluctuations and is considered to be less risky than SEMI.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.AX | SEMI.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 15.14% | -9.29% |
Volatility (6M)Calculated over the trailing 6-month period | 25.54% | 29.63% | -4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.44% | 34.76% | -4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.72% | 31.62% | +10.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.73% | 31.62% | +9.11% |
Dividends
GGUS.AX vs. SEMI.AX - Dividend Comparison
GGUS.AX has not paid dividends to shareholders, while SEMI.AX's dividend yield for the trailing twelve months is around 7.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SEMI.AX Global X Semiconductor ETF | 7.62% | 5.60% | 3.44% | 0.54% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GGUS.AX and SEMI.AX have a correlation of 0.65, 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 Global X.
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