HJPN.AX vs. GNDQ.AX
HJPN.AX (Betashares Japan Currency Hedged ETF) and GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) are both Global Equities funds from BetaShares. HJPN.AX is passively managed, while GNDQ.AX is actively managed. Over the past year, HJPN.AX returned 50.26% vs 21.89% for GNDQ.AX. At a 0.42 correlation, their price movements are largely independent.
Performance
HJPN.AX vs. GNDQ.AX - Performance Comparison
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Returns By Period
In the year-to-date period, HJPN.AX achieves a 20.94% return, which is significantly higher than GNDQ.AX's 9.74% return.
HJPN.AX
- 1D
- -3.91%
- 1M
- -4.66%
- 6M
- 11.09%
- YTD
- 20.94%
- 1Y
- 50.26%
- 3Y*
- 25.78%
- 5Y*
- 18.93%
- 10Y*
- 15.01%
GNDQ.AX
- 1D
- -4.30%
- 1M
- -6.38%
- 6M
- 9.42%
- YTD
- 9.74%
- 1Y
- 21.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HJPN.AX vs. GNDQ.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HJPN.AX Betashares Japan Currency Hedged ETF | 20.94% | 25.64% | 3.04% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 9.74% | 15.96% | 17.76% |
Correlation
The correlation between HJPN.AX and GNDQ.AX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | 0.42 |
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Return for Risk
HJPN.AX vs. GNDQ.AX — Risk / Return Rank
HJPN.AX
GNDQ.AX
HJPN.AX vs. GNDQ.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Betashares Japan Currency Hedged ETF (HJPN.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.
| HJPN.AX | GNDQ.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 0.92 | +3.18 |
| Martin ratioReturn relative to average drawdown | 12.52 | 2.29 | +10.24 |
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Drawdowns
HJPN.AX vs. GNDQ.AX - Drawdown Comparison
The maximum HJPN.AX drawdown since its inception was -36.74%, 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 HJPN.AX and GNDQ.AX.
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Drawdown Indicators
| HJPN.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.74% | -30.89% | -5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.86% | -23.50% | +11.64% |
Max Drawdown (3Y)Largest decline over 3 years | -26.71% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.74% | — | — |
Current DrawdownCurrent decline from peak | -8.20% | -9.40% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -6.91% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 9.51% | -5.61% |
Volatility
HJPN.AX vs. GNDQ.AX - Volatility Comparison
The current volatility for Betashares Japan Currency Hedged ETF (HJPN.AX) is 8.12%, while Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) has a volatility of 8.57%. This indicates that HJPN.AX experiences smaller price fluctuations and is considered to be less risky 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
| HJPN.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 8.57% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 18.07% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.97% | 23.33% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.86% | 29.55% | -5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 29.55% | -8.53% |
Dividends
HJPN.AX vs. GNDQ.AX - Dividend Comparison
HJPN.AX's dividend yield for the trailing twelve months is around 6.17%, more than GNDQ.AX's 1.56% 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 | 1.56% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HJPN.AX Betashares Japan Currency Hedged ETF | 6.17% | 0.00% | 5.68% | 3.06% | 8.35% | 5.39% | 0.00% | 0.37% | 2.46% | 1.47% | 0.11% |
Frequently Asked Questions
HJPN.AX and GNDQ.AX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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