GNDQ.AX vs. ESTX.AX
GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) and ESTX.AX (Global X EURO STOXX 50 ETF) are both Global Equities funds. GNDQ.AX is actively managed, while ESTX.AX is passively managed. Over the past year, GNDQ.AX returned 29.16% vs 8.95% for ESTX.AX. At a 0.43 correlation, their price movements are largely independent.
Performance
GNDQ.AX vs. ESTX.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 ESTX.AX's 3.22% return.
GNDQ.AX
- 1D
- -1.62%
- 1M
- -1.89%
- 6M
- 13.60%
- YTD
- 14.66%
- 1Y
- 29.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESTX.AX
- 1D
- 0.34%
- 1M
- 0.52%
- 6M
- -0.32%
- YTD
- 3.22%
- 1Y
- 8.95%
- 3Y*
- 14.83%
- 5Y*
- 12.14%
- 10Y*
- —
GNDQ.AX vs. ESTX.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 14.66% | 15.96% | 17.76% |
ESTX.AX Global X EURO STOXX 50 ETF | 3.22% | 27.21% | 0.55% |
Correlation
The correlation between GNDQ.AX and ESTX.AX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | 0.43 |
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Return for Risk
GNDQ.AX vs. ESTX.AX — Risk / Return Rank
GNDQ.AX
ESTX.AX
GNDQ.AX vs. ESTX.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 Global X EURO STOXX 50 ETF (ESTX.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 | ESTX.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.13 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.71 | +0.53 |
| Martin ratioReturn relative to average drawdown | 3.07 | 2.05 | +1.02 |
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Drawdowns
GNDQ.AX vs. ESTX.AX - Drawdown Comparison
The maximum GNDQ.AX drawdown since its inception was -30.89%, which is greater than ESTX.AX's maximum drawdown of -29.33%. Use the drawdown chart below to compare losses from any high point for GNDQ.AX and ESTX.AX.
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Drawdown Indicators
| GNDQ.AX | ESTX.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.89% | -29.33% | -1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -23.50% | -14.48% | -9.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.60% | — |
Current DrawdownCurrent decline from peak | -5.33% | -2.65% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -5.29% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.49% | 5.06% | +4.43% |
Volatility
GNDQ.AX vs. ESTX.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 Global X EURO STOXX 50 ETF (ESTX.AX) at 3.11%. This indicates that GNDQ.AX's price experiences larger fluctuations and is considered to be riskier than ESTX.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 | ESTX.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 3.11% | +4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 17.55% | 13.59% | +3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 15.76% | +7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.39% | 16.35% | +13.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.39% | 16.23% | +13.16% |
Dividends
GNDQ.AX vs. ESTX.AX - Dividend Comparison
GNDQ.AX's dividend yield for the trailing twelve months is around 1.49%, less than ESTX.AX's 7.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESTX.AX Global X EURO STOXX 50 ETF | 7.25% | 1.79% | 4.19% | 3.67% | 3.90% | 1.60% | 2.15% | 2.79% | 4.16% | 1.15% | 0.15% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 1.49% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GNDQ.AX and ESTX.AX have a correlation of 0.46, 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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