HGEN.AX vs. GNDQ.AX
HGEN.AX (Global X Hydrogen ETF) and GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) are both Global Equities funds. HGEN.AX is passively managed, while GNDQ.AX is actively managed. Over the past year, HGEN.AX returned 81.42% vs 21.89% for GNDQ.AX. At a 0.47 correlation, their price movements are largely independent.
Performance
HGEN.AX vs. GNDQ.AX - Performance Comparison
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Returns By Period
In the year-to-date period, HGEN.AX achieves a 34.18% return, which is significantly higher than GNDQ.AX's 9.74% return.
HGEN.AX
- 1D
- -6.71%
- 1M
- -22.55%
- 6M
- 6.70%
- YTD
- 34.18%
- 1Y
- 81.42%
- 3Y*
- 9.56%
- 5Y*
- —
- 10Y*
- —
GNDQ.AX
- 1D
- -4.30%
- 1M
- -6.38%
- 6M
- 9.42%
- YTD
- 9.74%
- 1Y
- 21.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HGEN.AX vs. GNDQ.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HGEN.AX Global X Hydrogen ETF | 34.18% | 43.64% | 11.90% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 9.74% | 15.96% | 17.76% |
Correlation
The correlation between HGEN.AX and GNDQ.AX is 0.51, 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 | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | 0.47 |
The correlation between HGEN.AX and GNDQ.AX has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.
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Return for Risk
HGEN.AX vs. GNDQ.AX — Risk / Return Rank
HGEN.AX
GNDQ.AX
HGEN.AX vs. GNDQ.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HGEN.AX) and Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.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.
| HGEN.AX | GNDQ.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 0.92 | +1.79 |
| Martin ratioReturn relative to average drawdown | 8.25 | 2.29 | +5.97 |
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Drawdowns
HGEN.AX vs. GNDQ.AX - Drawdown Comparison
The maximum HGEN.AX drawdown since its inception was -72.54%, which is greater than GNDQ.AX's maximum drawdown of -30.89%. Use the drawdown chart below to compare losses from any high point for HGEN.AX and GNDQ.AX.
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Drawdown Indicators
| HGEN.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.54% | -30.89% | -41.65% |
Max Drawdown (1Y)Largest decline over 1 year | -29.11% | -23.50% | -5.61% |
Max Drawdown (3Y)Largest decline over 3 years | -49.84% | — | — |
Current DrawdownCurrent decline from peak | -30.24% | -9.40% | -20.84% |
Average DrawdownAverage peak-to-trough decline | -47.61% | -6.91% | -40.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.68% | 9.51% | +0.17% |
Volatility
HGEN.AX vs. GNDQ.AX - Volatility Comparison
Global X Hydrogen ETF (HGEN.AX) has a higher volatility of 14.51% compared to Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) at 8.57%. This indicates that HGEN.AX's price experiences larger fluctuations and is considered to be riskier than GNDQ.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGEN.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.51% | 8.57% | +5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 33.68% | 18.07% | +15.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.24% | 23.33% | +23.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.75% | 29.55% | +7.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.75% | 29.55% | +7.20% |
Dividends
HGEN.AX vs. GNDQ.AX - Dividend Comparison
HGEN.AX's dividend yield for the trailing twelve months is around 0.83%, less than GNDQ.AX's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 1.56% | 0.92% | 0.00% | 0.00% | 0.00% |
HGEN.AX Global X Hydrogen ETF | 0.83% | 0.34% | 0.60% | 0.17% | 0.09% |
Frequently Asked Questions
HGEN.AX and GNDQ.AX have a correlation of 0.51, 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: Global X and BetaShares.
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