GGUS.AX vs. USD.AX
GGUS.AX (Betashares Geared US Equities Currency Hedged Complex ETF) and USD.AX (BetaShares U.S. Dollar ETF) are both Global Equities funds from BetaShares. GGUS.AX is actively managed, while USD.AX is passively managed. Over the past 10 years, GGUS.AX returned 20.86%/yr vs 2.65%/yr for USD.AX. At a correlation of -0.46, they often move in opposite directions.
Performance
GGUS.AX vs. USD.AX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GGUS.AX achieves a 15.21% return, which is significantly higher than USD.AX's -2.28% return. Over the past 10 years, GGUS.AX has outperformed USD.AX with an annualized return of 20.86%, while USD.AX has yielded a comparatively lower 2.65% annualized return.
GGUS.AX
- 1D
- -2.97%
- 1M
- -2.35%
- 6M
- 12.93%
- YTD
- 15.21%
- 1Y
- 36.63%
- 3Y*
- 29.41%
- 5Y*
- 13.72%
- 10Y*
- 20.86%
USD.AX
- 1D
- 0.21%
- 1M
- 1.46%
- 6M
- -2.21%
- YTD
- -2.28%
- 1Y
- -3.95%
- 3Y*
- 3.53%
- 5Y*
- 4.51%
- 10Y*
- 2.65%
GGUS.AX vs. USD.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGUS.AX Betashares Geared US Equities Currency Hedged Complex ETF | 15.21% | 18.83% | 45.64% | 49.70% | -47.20% | 68.07% | 17.37% | 70.51% | -21.12% | 45.08% |
USD.AX BetaShares U.S. Dollar ETF | -2.28% | -3.37% | 15.22% | 3.37% | 8.32% | 5.76% | -8.86% | 2.76% | 11.63% | -7.20% |
Correlation
The correlation between GGUS.AX and USD.AX is -0.58, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2015 | -0.46 |
The correlation between GGUS.AX and USD.AX shifts across timeframes, from -0.58 (1 year) to -0.45 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GGUS.AX vs. USD.AX — Risk / Return Rank
GGUS.AX
USD.AX
GGUS.AX vs. USD.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 BetaShares U.S. Dollar ETF (USD.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 | USD.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.94 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | -0.39 | +2.11 |
| Martin ratioReturn relative to average drawdown | 6.88 | -0.71 | +7.60 |
Loading charts...
Drawdowns
GGUS.AX vs. USD.AX - Drawdown Comparison
The maximum GGUS.AX drawdown since its inception was -64.26%, which is greater than USD.AX's maximum drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for GGUS.AX and USD.AX.
Loading charts...
Drawdown Indicators
| GGUS.AX | USD.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.26% | -30.05% | -34.21% |
Max Drawdown (1Y)Largest decline over 1 year | -20.90% | -9.84% | -11.06% |
Max Drawdown (3Y)Largest decline over 3 years | -46.78% | -14.54% | -32.24% |
Max Drawdown (5Y)Largest decline over 5 years | -55.53% | -14.54% | -40.99% |
Max Drawdown (10Y)Largest decline over 10 years | -64.26% | -30.05% | -34.21% |
Current DrawdownCurrent decline from peak | -4.40% | -10.55% | +6.15% |
Average DrawdownAverage peak-to-trough decline | -13.41% | -9.62% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 5.50% | -0.25% |
Volatility
GGUS.AX vs. USD.AX - Volatility Comparison
Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.AX) has a higher volatility of 6.38% compared to BetaShares U.S. Dollar ETF (USD.AX) at 1.68%. This indicates that GGUS.AX's price experiences larger fluctuations and is considered to be riskier than USD.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GGUS.AX | USD.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 1.68% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 25.73% | 7.32% | +18.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.52% | 9.45% | +21.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.72% | 11.02% | +30.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.74% | 10.56% | +30.18% |
Dividends
GGUS.AX vs. USD.AX - Dividend Comparison
Neither GGUS.AX nor USD.AX has paid dividends to shareholders.
| 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% |
USD.AX BetaShares U.S. Dollar ETF | 0.00% | 2.53% | 3.89% | 3.39% | 0.00% | 0.00% | 1.19% | 2.37% | 0.76% | 0.17% | 0.08% |
Frequently Asked Questions
GGUS.AX and USD.AX have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for GGUS.AX and USD.AX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer