GNDQ.AX vs. IHOO.AX
GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) and IHOO.AX (iShares Global 100 AUD Hedged ETF) are both Global Equities funds. GNDQ.AX is actively managed, while IHOO.AX is passively managed. Over the past year, GNDQ.AX returned 29.16% vs 28.47% for IHOO.AX. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
GNDQ.AX vs. IHOO.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 IHOO.AX's 10.69% return.
GNDQ.AX
- 1D
- -1.62%
- 1M
- -1.89%
- 6M
- 13.60%
- YTD
- 14.66%
- 1Y
- 29.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IHOO.AX
- 1D
- 0.87%
- 1M
- 0.91%
- 6M
- 9.21%
- YTD
- 10.69%
- 1Y
- 28.47%
- 3Y*
- 22.70%
- 5Y*
- 14.72%
- 10Y*
- 15.25%
GNDQ.AX vs. IHOO.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% |
IHOO.AX iShares Global 100 AUD Hedged ETF | 10.69% | 24.02% | 3.20% |
Correlation
The correlation between GNDQ.AX and IHOO.AX is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | 0.73 |
The correlation between GNDQ.AX and IHOO.AX has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.
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Return for Risk
GNDQ.AX vs. IHOO.AX — Risk / Return Rank
GNDQ.AX
IHOO.AX
GNDQ.AX vs. IHOO.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 iShares Global 100 AUD Hedged ETF (IHOO.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 | IHOO.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.35 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 2.93 | -1.70 |
| Martin ratioReturn relative to average drawdown | 3.07 | 10.75 | -7.68 |
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Drawdowns
GNDQ.AX vs. IHOO.AX - Drawdown Comparison
The maximum GNDQ.AX drawdown since its inception was -30.89%, smaller than the maximum IHOO.AX drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for GNDQ.AX and IHOO.AX.
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Drawdown Indicators
| GNDQ.AX | IHOO.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.89% | -33.91% | +3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -23.50% | -9.58% | -13.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.91% | — |
Current DrawdownCurrent decline from peak | -5.33% | -1.67% | -3.66% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -4.26% | -2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.49% | 2.65% | +6.84% |
Volatility
GNDQ.AX vs. IHOO.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 iShares Global 100 AUD Hedged ETF (IHOO.AX) at 3.89%. This indicates that GNDQ.AX's price experiences larger fluctuations and is considered to be riskier than IHOO.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 | IHOO.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 3.89% | +3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 17.55% | 12.11% | +5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 14.98% | +7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.39% | 17.93% | +11.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.39% | 17.85% | +11.54% |
Dividends
GNDQ.AX vs. IHOO.AX - Dividend Comparison
GNDQ.AX's dividend yield for the trailing twelve months is around 1.49%, less than IHOO.AX's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IHOO.AX iShares Global 100 AUD Hedged ETF | 4.46% | 0.70% | 0.87% | 1.44% | 1.68% | 16.51% | 2.57% | 2.33% | 8.40% | 11.15% | 0.53% | 1.75% |
Frequently Asked Questions
GNDQ.AX and IHOO.AX have a correlation of 0.71, 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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