GNDQ.AX vs. CORE.AX
GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) and CORE.AX (Schroder Global Core Fund - Active ETF) are both Global Equities funds. Both are actively managed. Over the past year, GNDQ.AX returned 29.16% vs 15.14% for CORE.AX. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
GNDQ.AX vs. CORE.AX - Performance Comparison
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Returns By Period
In the year-to-date period, GNDQ.AX achieves a 14.66% return, which is significantly higher than CORE.AX's 4.95% return.
GNDQ.AX
- 1D
- -1.62%
- 1M
- -1.89%
- 6M
- 13.60%
- YTD
- 14.66%
- 1Y
- 29.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CORE.AX
- 1D
- -0.25%
- 1M
- 0.93%
- 6M
- 4.67%
- YTD
- 4.95%
- 1Y
- 15.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GNDQ.AX vs. CORE.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 14.66% | 21.56% |
CORE.AX Schroder Global Core Fund - Active ETF | 4.95% | 12.78% |
Correlation
The correlation between GNDQ.AX and CORE.AX is 0.61, 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 | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.59 |
The correlation between GNDQ.AX and CORE.AX has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.
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Return for Risk
GNDQ.AX vs. CORE.AX — Risk / Return Rank
GNDQ.AX
CORE.AX
GNDQ.AX vs. CORE.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) and Schroder Global Core Fund - Active ETF (CORE.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.
| GNDQ.AX | CORE.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.68 | -0.45 |
| Martin ratioReturn relative to average drawdown | 3.07 | 4.54 | -1.47 |
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Drawdowns
GNDQ.AX vs. CORE.AX - Drawdown Comparison
The maximum GNDQ.AX drawdown since its inception was -30.89%, which is greater than CORE.AX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for GNDQ.AX and CORE.AX.
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Drawdown Indicators
| GNDQ.AX | CORE.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.89% | -10.20% | -20.69% |
Max Drawdown (1Y)Largest decline over 1 year | -23.50% | -10.20% | -13.30% |
Current DrawdownCurrent decline from peak | -5.33% | -1.34% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -2.60% | -4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.49% | — | — |
Volatility
GNDQ.AX vs. CORE.AX - Volatility Comparison
Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) has a higher volatility of 7.42% compared to Schroder Global Core Fund - Active ETF (CORE.AX) at 2.12%. This indicates that GNDQ.AX's price experiences larger fluctuations and is considered to be riskier than CORE.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GNDQ.AX | CORE.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 2.12% | +5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 17.55% | 7.39% | +10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 12.44% | +10.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.39% | 12.50% | +16.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.39% | 12.50% | +16.89% |
Dividends
GNDQ.AX vs. CORE.AX - Dividend Comparison
GNDQ.AX's dividend yield for the trailing twelve months is around 1.49%, more than CORE.AX's 0.68% yield.
| Position | TTM | 2025 |
|---|---|---|
CORE.AX Schroder Global Core Fund - Active ETF | 0.68% | 0.55% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 1.49% | 0.92% |
Frequently Asked Questions
GNDQ.AX and CORE.AX have a correlation of 0.61, 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 Schroder.
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