GXLD.AX vs. ACDC.AX

Last updated Jul 16, 2026

GXLD.AX (Global X Gold Bullion ETF) and ACDC.AX (Global X Battery Tech & Lithium ETF) are both exchange-traded funds - GXLD.AX is a Gold fund tracking the Global X Gold Bullion Index, while ACDC.AX is a Alternative Energy Equities fund tracking the Solactive Battery Value-Chain Index. Both are passively managed. Over the past year, GXLD.AX returned 11.59% vs 56.36% for ACDC.AX. At a 0.03 correlation, their price movements are largely independent.

Performance

GXLD.AX vs. ACDC.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X Gold Bullion ETF (GXLD.AX) and Global X Battery Tech & Lithium ETF (ACDC.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXLD.AX achieves a -11.66% return, which is significantly lower than ACDC.AX's 5.57% return.

GXLD.AX

• 1D: -0.17%
• 1M: -5.54%
• 6M: -17.02%
• YTD: -11.66%
• 1Y: 11.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACDC.AX

• 1D: -0.70%
• 1M: -13.60%
• 6M: -5.45%
• YTD: 5.57%
• 1Y: 56.36%
• 3Y*: 15.49%
• 5Y*: 12.89%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GXLD.AX vs. ACDC.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GXLD.AX Global X Gold Bullion ETF	-11.66%	54.77%	17.24%
ACDC.AX Global X Battery Tech & Lithium ETF	5.57%	59.62%	0.52%

Correlation

The correlation between GXLD.AX and ACDC.AX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since May 2, 2024	0.03

Over the past year, GXLD.AX and ACDC.AX have become more correlated (0.24) than their long-term average of 0.03, meaning their price movements have been converging.

Return for Risk

GXLD.AX vs. ACDC.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GXLD.AX

GXLD.AX Risk / Return Rank: 17
GXLD.AX Sharpe Ratio Rank: 18
GXLD.AX Sortino Ratio Rank: 17
GXLD.AX Omega Ratio Rank: 19
GXLD.AX Calmar Ratio Rank: 16
GXLD.AX Martin Ratio Rank: 15

ACDC.AX

ACDC.AX Risk / Return Rank: 66
ACDC.AX Sharpe Ratio Rank: 72
ACDC.AX Sortino Ratio Rank: 67
ACDC.AX Omega Ratio Rank: 63
ACDC.AX Calmar Ratio Rank: 66
ACDC.AX Martin Ratio Rank: 62

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.

GXLD.AX vs. ACDC.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Gold Bullion ETF (GXLD.AX) and Global X Battery Tech & Lithium ETF (ACDC.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.

	GXLD.AX	ACDC.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.48	1.87	-1.39
Sortino ratio: Return per unit of downside risk	0.80	2.47	-1.67
Omega ratio: Gain probability vs. loss probability	1.11	1.31	-0.20
Calmar ratio: Return relative to maximum drawdown	0.47	2.68	-2.21
Martin ratio: Return relative to average drawdown	1.08	8.82	-7.74

GXLD.AX vs. ACDC.AX - Sharpe Ratio Comparison

The current GXLD.AX Sharpe Ratio is 0.48, which is lower than the ACDC.AX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of GXLD.AX and ACDC.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.

Drawdowns

GXLD.AX vs. ACDC.AX - Drawdown Comparison

The maximum GXLD.AX drawdown since its inception was -24.63%, smaller than the maximum ACDC.AX drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for GXLD.AX and ACDC.AX.

Drawdown Indicators

	GXLD.AX	ACDC.AX	Difference
Max Drawdown Largest peak-to-trough decline	-24.63%	-27.23%	+2.60%
Max Drawdown (1Y) Largest decline over 1 year	-24.63%	-20.29%	-4.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.07%	—
Current Drawdown Current decline from peak	-24.63%	-19.68%	-4.95%
Average Drawdown Average peak-to-trough decline	-5.14%	-8.15%	+3.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.98%	6.25%	+4.73%

Volatility

GXLD.AX vs. ACDC.AX - Volatility Comparison

The current volatility for Global X Gold Bullion ETF (GXLD.AX) is 6.13%, while Global X Battery Tech & Lithium ETF (ACDC.AX) has a volatility of 7.06%. This indicates that GXLD.AX experiences smaller price fluctuations and is considered to be less risky than ACDC.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GXLD.AX	ACDC.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	7.06%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	20.99%	23.28%	-2.29%
Volatility (1Y) Calculated over the trailing 1-year period	24.56%	29.13%	-4.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.45%	21.97%	-1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.45%	21.12%	-0.67%

Dividends

GXLD.AX vs. ACDC.AX - Dividend Comparison

GXLD.AX has not paid dividends to shareholders, while ACDC.AX's dividend yield for the trailing twelve months is around 12.39%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ACDC.AX Global X Battery Tech & Lithium ETF	12.39%	0.91%	6.82%	3.96%	0.89%	6.76%	0.95%	2.39%
GXLD.AX Global X Gold Bullion ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GXLD.AX and ACDC.AX in my portfolio?

GXLD.AX and ACDC.AX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between GXLD.AX and ACDC.AX?

GXLD.AX is categorized as Gold, while ACDC.AX is Alternative Energy Equities. GXLD.AX tracks Global X Gold Bullion Index, while ACDC.AX tracks Solactive Battery Value-Chain Index.