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GLDN.AX vs. NDQ.AX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GLDN.AX vs. NDQ.AX

Last updated Apr 1, 2026

Compare and contrast key facts about Ishares Physical Gold ETF (GLDN.AX) and BetaShares NASDAQ 100 ETF (NDQ.AX).

GLDN.AX and NDQ.AX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDN.AX is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM AUD Index. It was launched on Nov 1, 2023. NDQ.AX is a passively managed fund by BetaShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jul 20, 2020. Both GLDN.AX and NDQ.AX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GLDN.AX vs. NDQ.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Ishares Physical Gold ETF (GLDN.AX) and BetaShares NASDAQ 100 ETF (NDQ.AX). The values are adjusted to include any dividend payments, if applicable.

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GLDN.AX vs. NDQ.AX - Yearly Performance Comparison

2026 (YTD)202520242023
GLDN.AX
Ishares Physical Gold ETF		2.48%55.11%38.15%-2.11%
NDQ.AX
BetaShares NASDAQ 100 ETF		-11.12%12.19%38.30%7.86%

Returns By Period

In the year-to-date period, GLDN.AX achieves a 2.48% return, which is significantly higher than NDQ.AX's -11.12% return.

GLDN.AX

1D
1.67%
1M
-8.29%
YTD
2.48%
6M
13.48%
1Y
34.27%
3Y*
—
5Y*
—
10Y*
—

NDQ.AX

1D
0.02%
1M
-3.85%
YTD
-11.12%
6M
-8.85%
1Y
12.12%
3Y*
20.80%
5Y*
14.51%
10Y*
19.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Ishares Physical Gold ETF

BetaShares NASDAQ 100 ETF

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Often compared with NDQ.AX:
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GLDN.AX vs. NDQ.AX - Expense Ratio Comparison

GLDN.AX has a 0.18% expense ratio, which is lower than NDQ.AX's 0.48% expense ratio.

NDQ.AX
BetaShares NASDAQ 100 ETF
GLDN.AX
Ishares Physical Gold ETF

Return for Risk

GLDN.AX vs. NDQ.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GLDN.AX
GLDN.AX Risk / Return Rank: 6565
Overall Rank
GLDN.AX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GLDN.AX Sortino Ratio Rank: 7070
Sortino Ratio Rank
GLDN.AX Omega Ratio Rank: 7272
Omega Ratio Rank
GLDN.AX Calmar Ratio Rank: 6161
Calmar Ratio Rank
GLDN.AX Martin Ratio Rank: 5252
Martin Ratio Rank
NDQ.AX
NDQ.AX Risk / Return Rank: 3333
Overall Rank
NDQ.AX Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
NDQ.AX Sortino Ratio Rank: 3636
Sortino Ratio Rank
NDQ.AX Omega Ratio Rank: 3636
Omega Ratio Rank
NDQ.AX Calmar Ratio Rank: 3232
Calmar Ratio Rank
NDQ.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.

GLDN.AX vs. NDQ.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Physical Gold ETF (GLDN.AX) and BetaShares NASDAQ 100 ETF (NDQ.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.

GLDN.AXNDQ.AXDifference

Sharpe ratio

Return per unit of total volatility

1.31

0.58

+0.73

Sortino ratio

Return per unit of downside risk

1.77

0.98

+0.80

Omega ratio

Gain probability vs. loss probability

1.27

1.14

+0.13

Calmar ratio

Return relative to maximum drawdown

1.56

0.73

+0.84

Martin ratio

Return relative to average drawdown

5.10

1.99

+3.11

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLDN.AX vs. NDQ.AX - Sharpe Ratio Comparison

The current GLDN.AX Sharpe Ratio is 1.31, which is higher than the NDQ.AX Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of GLDN.AX and NDQ.AX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

GLDN.AXNDQ.AXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.31

0.58

+0.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.75

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.02

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.92

0.94

+0.97

Correlation

The correlation between GLDN.AX and NDQ.AX is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

GLDN.AX vs. NDQ.AX - Dividend Comparison

GLDN.AX's dividend yield for the trailing twelve months is around 0.07%, less than NDQ.AX's 1.82% yield.

TTM2025202420232022202120202019201820172016
GLDN.AX
Ishares Physical Gold ETF		0.07%0.07%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NDQ.AX
BetaShares NASDAQ 100 ETF		1.82%1.67%1.86%2.17%3.36%3.33%2.47%2.22%0.52%0.45%0.43%

Drawdowns

GLDN.AX vs. NDQ.AX - Drawdown Comparison

The maximum GLDN.AX drawdown since its inception was -20.81%, smaller than the maximum NDQ.AX drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for GLDN.AX and NDQ.AX.

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Drawdown Indicators

GLDN.AXNDQ.AXDifference

Max Drawdown

Largest peak-to-trough decline

-20.81%

-30.79%

+9.98%

Max Drawdown (1Y)

Largest decline over 1 year

-20.81%

-15.17%

-5.64%

Max Drawdown (5Y)

Largest decline over 5 years

—

-30.79%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.79%

—

Current Drawdown

Current decline from peak

-14.98%

-15.15%

+0.17%

Average Drawdown

Average peak-to-trough decline

-3.29%

-5.90%

+2.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.38%

5.53%

+0.85%

Volatility

GLDN.AX vs. NDQ.AX - Volatility Comparison

Ishares Physical Gold ETF (GLDN.AX) has a higher volatility of 9.88% compared to BetaShares NASDAQ 100 ETF (NDQ.AX) at 5.77%. This indicates that GLDN.AX's price experiences larger fluctuations and is considered to be riskier than NDQ.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GLDN.AXNDQ.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.88%

5.77%

+4.11%

Volatility (6M)

Calculated over the trailing 6-month period

22.84%

11.19%

+11.65%

Volatility (1Y)

Calculated over the trailing 1-year period

25.99%

21.14%

+4.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.68%

19.22%

+0.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.68%

19.15%

+0.53%