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GNDQ.AX vs. SMLL.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GNDQ.AX vs. SMLL.AX

Last updated Jul 18, 2026
Documentation

GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) and SMLL.AX (BetaShares Australian Small Companies Select ETF) are both exchange-traded funds - GNDQ.AX is a Global Equities fund actively managed by BetaShares, while SMLL.AX is a Small Cap Blend Equities fund tracking the BetaShares Australian Small Companies Select Index. GNDQ.AX is actively managed, while SMLL.AX is passively managed. Over the past year, GNDQ.AX returned 21.89% vs 12.67% for SMLL.AX. At a 0.26 correlation, their price movements are largely independent.

Performance

GNDQ.AX vs. SMLL.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) and BetaShares Australian Small Companies Select ETF (SMLL.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GNDQ.AX achieves a 9.74% return, which is significantly higher than SMLL.AX's -11.54% return.

GNDQ.AX

1D
-4.30%
1M
-6.38%
6M
9.42%
YTD
9.74%
1Y
21.89%
3Y*
—
5Y*
—
10Y*
—

SMLL.AX

1D
-1.45%
1M
-4.65%
6M
-14.81%
YTD
-11.54%
1Y
12.67%
3Y*
8.15%
5Y*
2.09%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GNDQ.AX vs. SMLL.AX - Yearly Performance Comparison

2026 (YTD)20252024
GNDQ.AX
Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF		9.74%15.96%17.76%
SMLL.AX
BetaShares Australian Small Companies Select ETF		-11.54%33.20%-5.54%

Correlation

The correlation between GNDQ.AX and SMLL.AX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Oct 15, 2024

0.26

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF

BetaShares Australian Small Companies Select ETF

Often compared with GNDQ.AX:
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Often compared with SMLL.AX:
SMLL.AX vs. SSO.AXSMLL.AX vs. IJR.AXSMLL.AX vs. ISO.AXSMLL.AX vs. MVS.AXSMLL.AX vs. VISM.AXSMLL.AX vs. EX20.AXSMLL.AX vs. FOOD.AX

Return for Risk

GNDQ.AX vs. SMLL.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GNDQ.AX
GNDQ.AX Risk / Return Rank: 2929
Overall Rank
GNDQ.AX Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
GNDQ.AX Sortino Ratio Rank: 3232
Sortino Ratio Rank
GNDQ.AX Omega Ratio Rank: 3131
Omega Ratio Rank
GNDQ.AX Calmar Ratio Rank: 2525
Calmar Ratio Rank
GNDQ.AX Martin Ratio Rank: 2424
Martin Ratio Rank
SMLL.AX
SMLL.AX Risk / Return Rank: 2121
Overall Rank
SMLL.AX Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
SMLL.AX Sortino Ratio Rank: 2222
Sortino Ratio Rank
SMLL.AX Omega Ratio Rank: 2222
Omega Ratio Rank
SMLL.AX Calmar Ratio Rank: 1919
Calmar Ratio Rank
SMLL.AX Martin Ratio Rank: 1818
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GNDQ.AX vs. SMLL.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 Australian Small Companies Select ETF (SMLL.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.AXSMLL.AXDifference
Sharpe ratioReturn per unit of total volatility
0.93
0.61

+0.32

Sortino ratioReturn per unit of downside risk
1.35
0.95

+0.40

Omega ratioGain probability vs. loss probability

1.17

1.12

+0.05

Calmar ratioReturn relative to maximum drawdown

0.92

0.61

+0.31

Martin ratioReturn relative to average drawdown

2.29

1.22

+1.07

GNDQ.AX vs. SMLL.AX - Sharpe Ratio Comparison

The current GNDQ.AX Sharpe Ratio is 0.93, which is higher than the SMLL.AX Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of GNDQ.AX and SMLL.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GNDQ.AX vs. SMLL.AX - Drawdown Comparison

The maximum GNDQ.AX drawdown since its inception was -30.89%, smaller than the maximum SMLL.AX drawdown of -40.17%. Use the drawdown chart below to compare losses from any high point for GNDQ.AX and SMLL.AX.

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Drawdown Indicators

GNDQ.AXSMLL.AXDifference

Max Drawdown

Largest peak-to-trough decline

-30.89%

-40.17%

+9.28%

Max Drawdown (1Y)

Largest decline over 1 year

-23.50%

-20.00%

-3.50%

Max Drawdown (3Y)

Largest decline over 3 years

—

-20.00%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-25.98%

—

Current Drawdown

Current decline from peak

-9.40%

-17.67%

+8.27%

Average Drawdown

Average peak-to-trough decline

-6.91%

-8.47%

+1.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.51%

10.17%

-0.66%

Volatility

GNDQ.AX vs. SMLL.AX - Volatility Comparison

Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) has a higher volatility of 8.57% compared to BetaShares Australian Small Companies Select ETF (SMLL.AX) at 4.07%. This indicates that GNDQ.AX's price experiences larger fluctuations and is considered to be riskier than SMLL.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.AXSMLL.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.57%

4.07%

+4.50%

Volatility (6M)

Calculated over the trailing 6-month period

18.07%

15.98%

+2.09%

Volatility (1Y)

Calculated over the trailing 1-year period

23.33%

19.76%

+3.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.55%

18.01%

+11.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.55%

18.16%

+11.39%

Dividends

GNDQ.AX vs. SMLL.AX - Dividend Comparison

GNDQ.AX's dividend yield for the trailing twelve months is around 1.56%, less than SMLL.AX's 1.93% yield.

PositionTTM20252024202320222021202020192018
GNDQ.AX
Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF		1.56%0.92%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SMLL.AX
BetaShares Australian Small Companies Select ETF		1.93%1.15%1.35%1.69%3.92%5.80%2.13%2.33%4.20%

Frequently Asked Questions

GNDQ.AX and SMLL.AX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GNDQ.AX is categorized as Global Equities, while SMLL.AX is Small Cap Blend Equities.

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