GNDQ.AX vs. OOO.AX
GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) and OOO.AX (Betashares Crude Oil Index Currency Hedged Complex ETF) are both Global Equities funds from BetaShares. Both are actively managed. Over the past year, GNDQ.AX returned 29.16% vs 50.75% for OOO.AX. At a correlation of -0.07, they often move in opposite directions.
Performance
GNDQ.AX vs. OOO.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 lower than OOO.AX's 63.70% return.
GNDQ.AX
- 1D
- -1.62%
- 1M
- -1.89%
- 6M
- 13.60%
- YTD
- 14.66%
- 1Y
- 29.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OOO.AX
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 56.08%
- YTD
- 63.70%
- 1Y
- 50.75%
- 3Y*
- 19.00%
- 5Y*
- 11.34%
- 10Y*
- 0.01%
GNDQ.AX vs. OOO.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% |
OOO.AX Betashares Crude Oil Index Currency Hedged Complex ETF | 63.70% | -7.58% | -1.95% |
Correlation
The correlation between GNDQ.AX and OOO.AX is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | -0.07 |
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Return for Risk
GNDQ.AX vs. OOO.AX — Risk / Return Rank
GNDQ.AX
OOO.AX
GNDQ.AX vs. OOO.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 Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.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 | OOO.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.44 | -0.21 |
| Martin ratioReturn relative to average drawdown | 3.07 | 3.62 | -0.55 |
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Drawdowns
GNDQ.AX vs. OOO.AX - Drawdown Comparison
The maximum GNDQ.AX drawdown since its inception was -30.89%, smaller than the maximum OOO.AX drawdown of -95.09%. Use the drawdown chart below to compare losses from any high point for GNDQ.AX and OOO.AX.
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Drawdown Indicators
| GNDQ.AX | OOO.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.89% | -95.09% | +64.20% |
Max Drawdown (1Y)Largest decline over 1 year | -23.50% | -33.79% | +10.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -51.22% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.96% | — |
Current DrawdownCurrent decline from peak | -5.33% | -74.02% | +68.69% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -64.58% | +57.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.49% | 13.72% | -4.23% |
Volatility
GNDQ.AX vs. OOO.AX - Volatility Comparison
The current volatility for Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) is 7.42%, while Betashares Crude Oil Index Currency Hedged Complex ETF (OOO.AX) has a volatility of 12.86%. This indicates that GNDQ.AX experiences smaller price fluctuations and is considered to be less risky than OOO.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 | OOO.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 12.86% | -5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 17.55% | 61.15% | -43.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 64.88% | -41.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.39% | 45.17% | -15.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.39% | 44.75% | -15.36% |
Dividends
GNDQ.AX vs. OOO.AX - Dividend Comparison
GNDQ.AX's dividend yield for the trailing twelve months is around 1.49%, less than OOO.AX's 4.10% 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% |
OOO.AX Betashares Crude Oil Index Currency Hedged Complex ETF | 4.10% | 0.00% | 4.68% | 0.00% | 19.05% | 28.49% | 16.20% | 5.92% | 3.11% | 0.00% | 0.00% | 1.06% |
Frequently Asked Questions
GNDQ.AX and OOO.AX have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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