GNDQ.AX vs. SEMI.AX
GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) and SEMI.AX (Global X Semiconductor ETF) are both Global Equities funds. GNDQ.AX is actively managed, while SEMI.AX is passively managed. Over the past year, GNDQ.AX returned 29.16% vs 121.94% for SEMI.AX. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
GNDQ.AX vs. SEMI.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 SEMI.AX's 73.20% return.
GNDQ.AX
- 1D
- -1.62%
- 1M
- -1.89%
- 6M
- 13.60%
- YTD
- 14.66%
- 1Y
- 29.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SEMI.AX
- 1D
- -5.18%
- 1M
- -8.58%
- 6M
- 56.90%
- YTD
- 73.20%
- 1Y
- 121.94%
- 3Y*
- 56.20%
- 5Y*
- —
- 10Y*
- —
GNDQ.AX vs. SEMI.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% |
SEMI.AX Global X Semiconductor ETF | 73.20% | 43.80% | 3.05% |
Correlation
The correlation between GNDQ.AX and SEMI.AX is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | 0.76 |
The correlation between GNDQ.AX and SEMI.AX has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.
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Return for Risk
GNDQ.AX vs. SEMI.AX — Risk / Return Rank
GNDQ.AX
SEMI.AX
GNDQ.AX vs. SEMI.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 Semiconductor ETF (SEMI.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 | SEMI.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.50 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 8.01 | -6.78 |
| Martin ratioReturn relative to average drawdown | 3.07 | 25.91 | -22.84 |
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Drawdowns
GNDQ.AX vs. SEMI.AX - Drawdown Comparison
The maximum GNDQ.AX drawdown since its inception was -30.89%, smaller than the maximum SEMI.AX drawdown of -38.85%. Use the drawdown chart below to compare losses from any high point for GNDQ.AX and SEMI.AX.
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Drawdown Indicators
| GNDQ.AX | SEMI.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.89% | -38.85% | +7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -23.50% | -14.32% | -9.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.53% | — |
Current DrawdownCurrent decline from peak | -5.33% | -14.32% | +8.99% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -10.86% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.49% | 4.48% | +5.01% |
Volatility
GNDQ.AX vs. SEMI.AX - Volatility Comparison
The current volatility for Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) is 7.42%, while Global X Semiconductor ETF (SEMI.AX) has a volatility of 15.14%. This indicates that GNDQ.AX experiences smaller price fluctuations and is considered to be less risky than SEMI.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 | SEMI.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 15.14% | -7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 17.55% | 29.63% | -12.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 34.76% | -11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.39% | 31.62% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.39% | 31.62% | -2.23% |
Dividends
GNDQ.AX vs. SEMI.AX - Dividend Comparison
GNDQ.AX's dividend yield for the trailing twelve months is around 1.49%, less than SEMI.AX's 7.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 1.49% | 0.92% | 0.00% | 0.00% | 0.00% |
SEMI.AX Global X Semiconductor ETF | 7.62% | 5.60% | 3.44% | 0.54% | 0.96% |
Frequently Asked Questions
GNDQ.AX and SEMI.AX have a correlation of 0.76, 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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