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

GGUS.AX vs. WVOL.AX

Last updated Jul 16, 2026
Documentation

GGUS.AX (Betashares Geared US Equities Currency Hedged Complex ETF) and WVOL.AX (iShares MSCI World ex Australia Minimum Volatility ETF) are both Global Equities funds. GGUS.AX is actively managed, while WVOL.AX is passively managed. Over the past 5 years, GGUS.AX returned 14.41%/yr vs 8.01%/yr for WVOL.AX. At a 0.37 correlation, their price movements are largely independent.

Performance

GGUS.AX vs. WVOL.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 MSCI World ex Australia Minimum Volatility ETF (WVOL.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 WVOL.AX's 1.58% 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%

WVOL.AX

1D
-0.73%
1M
0.44%
6M
1.08%
YTD
1.58%
1Y
5.79%
3Y*
11.42%
5Y*
8.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GGUS.AX vs. WVOL.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%
WVOL.AX
iShares MSCI World ex Australia Minimum Volatility ETF		1.58%10.13%20.75%5.37%-3.23%21.37%-6.48%23.83%5.64%9.58%

Correlation

The correlation between GGUS.AX and WVOL.AX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.10

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

0.19

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

0.32

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2016

0.37

Over the past year, the correlation between GGUS.AX and WVOL.AX has dropped to 0.10 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

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Betashares Geared US Equities Currency Hedged Complex ETF

iShares MSCI World ex Australia Minimum Volatility ETF

Return for Risk

GGUS.AX vs. WVOL.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
WVOL.AX
WVOL.AX Risk / Return Rank: 2727
Overall Rank
WVOL.AX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
WVOL.AX Sortino Ratio Rank: 2727
Sortino Ratio Rank
WVOL.AX Omega Ratio Rank: 2424
Omega Ratio Rank
WVOL.AX Calmar Ratio Rank: 2828
Calmar Ratio Rank
WVOL.AX Martin Ratio Rank: 2727
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. WVOL.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 MSCI World ex Australia Minimum Volatility ETF (WVOL.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.AXWVOL.AXDifference
Sharpe ratioReturn per unit of total volatility
1.38
0.83

+0.55

Sortino ratioReturn per unit of downside risk
1.89
1.26

+0.64

Omega ratioGain probability vs. loss probability

1.26

1.15

+0.12

Calmar ratioReturn relative to maximum drawdown

2.00

1.17

+0.83

Martin ratioReturn relative to average drawdown

8.05

2.93

+5.12

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

The current GGUS.AX Sharpe Ratio is 1.38, which is higher than the WVOL.AX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of GGUS.AX and WVOL.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. WVOL.AX - Drawdown Comparison

The maximum GGUS.AX drawdown since its inception was -64.26%, which is greater than WVOL.AX's maximum drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for GGUS.AX and WVOL.AX.

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Drawdown Indicators

GGUS.AXWVOL.AXDifference

Max Drawdown

Largest peak-to-trough decline

-64.26%

-21.05%

-43.21%

Max Drawdown (1Y)

Largest decline over 1 year

-20.90%

-5.56%

-15.34%

Max Drawdown (3Y)

Largest decline over 3 years

-46.78%

-5.92%

-40.86%

Max Drawdown (5Y)

Largest decline over 5 years

-55.53%

-12.52%

-43.01%

Max Drawdown (10Y)

Largest decline over 10 years

-64.26%

—

—

Current Drawdown

Current decline from peak

-1.47%

-1.83%

+0.36%

Average Drawdown

Average peak-to-trough decline

-13.41%

-3.70%

-9.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.24%

2.24%

+3.00%

Volatility

GGUS.AX vs. WVOL.AX - Volatility Comparison

Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.AX) has a higher volatility of 5.85% compared to iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX) at 2.31%. This indicates that GGUS.AX's price experiences larger fluctuations and is considered to be riskier than WVOL.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.AXWVOL.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.85%

2.31%

+3.54%

Volatility (6M)

Calculated over the trailing 6-month period

25.54%

6.26%

+19.28%

Volatility (1Y)

Calculated over the trailing 1-year period

30.44%

7.90%

+22.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

41.72%

9.41%

+32.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.73%

11.62%

+29.11%

Dividends

GGUS.AX vs. WVOL.AX - Dividend Comparison

GGUS.AX has not paid dividends to shareholders, while WVOL.AX's dividend yield for the trailing twelve months is around 1.47%.

PositionTTM2025202420232022202120202019201820172016
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%
WVOL.AX
iShares MSCI World ex Australia Minimum Volatility ETF		1.47%3.09%3.43%2.19%2.62%1.75%2.36%2.37%4.62%1.43%0.00%

Frequently Asked Questions

GGUS.AX and WVOL.AX have a correlation of 0.10, 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 iShares.

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