GNDQ.AX vs. QMIX.AX
GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) and QMIX.AX (SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF) are both Global Equities funds. GNDQ.AX is actively managed, while QMIX.AX is passively managed. Over the past year, GNDQ.AX returned 29.16% vs 12.46% for QMIX.AX. At a 0.48 correlation, their price movements are largely independent.
Performance
GNDQ.AX vs. QMIX.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 QMIX.AX's 4.91% return.
GNDQ.AX
- 1D
- -1.62%
- 1M
- -1.89%
- 6M
- 13.60%
- YTD
- 14.66%
- 1Y
- 29.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QMIX.AX
- 1D
- 0.11%
- 1M
- 1.32%
- 6M
- 2.97%
- YTD
- 4.91%
- 1Y
- 12.46%
- 3Y*
- 15.74%
- 5Y*
- 11.84%
- 10Y*
- 12.58%
GNDQ.AX vs. QMIX.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% |
QMIX.AX SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF | 4.91% | 12.23% | 4.45% |
Correlation
The correlation between GNDQ.AX and QMIX.AX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | 0.48 |
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Return for Risk
GNDQ.AX vs. QMIX.AX — Risk / Return Rank
GNDQ.AX
QMIX.AX
GNDQ.AX vs. QMIX.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 SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.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 | QMIX.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.64 | -0.41 |
| Martin ratioReturn relative to average drawdown | 3.07 | 5.21 | -2.14 |
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Drawdowns
GNDQ.AX vs. QMIX.AX - Drawdown Comparison
The maximum GNDQ.AX drawdown since its inception was -30.89%, which is greater than QMIX.AX's maximum drawdown of -22.24%. Use the drawdown chart below to compare losses from any high point for GNDQ.AX and QMIX.AX.
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Drawdown Indicators
| GNDQ.AX | QMIX.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.89% | -22.24% | -8.65% |
Max Drawdown (1Y)Largest decline over 1 year | -23.50% | -7.75% | -15.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.24% | — |
Current DrawdownCurrent decline from peak | -5.33% | -1.01% | -4.32% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -3.60% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.49% | 2.48% | +7.01% |
Volatility
GNDQ.AX vs. QMIX.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 SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF (QMIX.AX) at 1.84%. This indicates that GNDQ.AX's price experiences larger fluctuations and is considered to be riskier than QMIX.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 | QMIX.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 1.84% | +5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 17.55% | 7.06% | +10.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 8.57% | +14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.39% | 12.81% | +16.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.39% | 13.23% | +16.16% |
Dividends
GNDQ.AX vs. QMIX.AX - Dividend Comparison
GNDQ.AX's dividend yield for the trailing twelve months is around 1.49%, less than QMIX.AX's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QMIX.AX SPDR ETFs Australia - State Street SPDR MSCI World Quality Mix ETF | 4.45% | 3.81% | 3.95% | 2.88% | 4.15% | 2.83% | 4.71% | 2.69% | 2.73% | 2.21% | 2.68% |
Frequently Asked Questions
GNDQ.AX and QMIX.AX have a correlation of 0.49, 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 SPDR.
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