PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IHOO.AX vs. GGUS.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHOO.AX vs. GGUS.AX

Last updated Jul 18, 2026
Documentation

IHOO.AX (iShares Global 100 AUD Hedged ETF) and GGUS.AX (Betashares Geared US Equities Currency Hedged Complex ETF) are both Global Equities funds. IHOO.AX is passively managed, while GGUS.AX is actively managed. Over the past 10 years, IHOO.AX returned 15.14%/yr vs 20.86%/yr for GGUS.AX. Their correlation of 0.82 suggests significant overlap in exposure.

Performance

IHOO.AX vs. GGUS.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares Global 100 AUD Hedged ETF (IHOO.AX) and Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IHOO.AX achieves a 8.83% return, which is significantly lower than GGUS.AX's 15.21% return. Over the past 10 years, IHOO.AX has underperformed GGUS.AX with an annualized return of 15.14%, while GGUS.AX has yielded a comparatively higher 20.86% annualized return.

IHOO.AX

1D
-1.68%
1M
-0.71%
6M
7.50%
YTD
8.83%
1Y
26.02%
3Y*
21.91%
5Y*
14.33%
10Y*
15.14%

GGUS.AX

1D
-2.97%
1M
-2.35%
6M
12.93%
YTD
15.21%
1Y
36.63%
3Y*
29.41%
5Y*
13.72%
10Y*
20.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHOO.AX vs. GGUS.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IHOO.AX
iShares Global 100 AUD Hedged ETF		8.83%24.02%27.67%24.45%-16.15%26.46%12.48%28.93%-5.87%20.68%
GGUS.AX
Betashares Geared US Equities Currency Hedged Complex ETF		15.21%18.83%45.64%49.70%-47.20%68.07%17.37%70.51%-21.12%45.08%

Correlation

The correlation between IHOO.AX and GGUS.AX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (10Y)
Calculated over the trailing 10-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Aug 17, 2015

0.82

The correlation between IHOO.AX and GGUS.AX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

iShares Global 100 AUD Hedged ETF

Betashares Geared US Equities Currency Hedged Complex ETF

Often compared with IHOO.AX:
IHOO.AX vs. CORE.AXIHOO.AX vs. ESGI.AXIHOO.AX vs. ESTX.AXIHOO.AX vs. F100.AXIHOO.AX vs. GLIN.AXIHOO.AX vs. HGEN.AXIHOO.AX vs. HJPN.AX
Often compared with GGUS.AX:
GGUS.AX vs. DHHF.AXGGUS.AX vs. EX20.AXGGUS.AX vs. F100.AXGGUS.AX vs. FOOD.AXGGUS.AX vs. FUEL.AXGGUS.AX vs. GEAR.AXGGUS.AX vs. GNDQ.AX

Return for Risk

IHOO.AX vs. GGUS.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IHOO.AX
IHOO.AX Risk / Return Rank: 7070
Overall Rank
IHOO.AX Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
IHOO.AX Sortino Ratio Rank: 6767
Sortino Ratio Rank
IHOO.AX Omega Ratio Rank: 7171
Omega Ratio Rank
IHOO.AX Calmar Ratio Rank: 7171
Calmar Ratio Rank
IHOO.AX Martin Ratio Rank: 7272
Martin Ratio Rank
GGUS.AX
GGUS.AX Risk / Return Rank: 4646
Overall Rank
GGUS.AX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
GGUS.AX Sortino Ratio Rank: 4242
Sortino Ratio Rank
GGUS.AX Omega Ratio Rank: 4747
Omega Ratio Rank
GGUS.AX Calmar Ratio Rank: 4343
Calmar Ratio Rank
GGUS.AX Martin Ratio Rank: 5454
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.

IHOO.AX vs. GGUS.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global 100 AUD Hedged ETF (IHOO.AX) and Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.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.

IHOO.AXGGUS.AXDifference
Sharpe ratioReturn per unit of total volatility
1.68
1.17

+0.51

Sortino ratioReturn per unit of downside risk
2.32
1.67

+0.65

Omega ratioGain probability vs. loss probability

1.31

1.23

+0.08

Calmar ratioReturn relative to maximum drawdown

2.65

1.71

+0.93

Martin ratioReturn relative to average drawdown

9.66

6.88

+2.78

IHOO.AX vs. GGUS.AX - Sharpe Ratio Comparison

The current IHOO.AX Sharpe Ratio is 1.68, which is higher than the GGUS.AX Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of IHOO.AX and GGUS.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.

Loading charts...

Drawdowns

IHOO.AX vs. GGUS.AX - Drawdown Comparison

The maximum IHOO.AX drawdown since its inception was -33.91%, smaller than the maximum GGUS.AX drawdown of -64.26%. Use the drawdown chart below to compare losses from any high point for IHOO.AX and GGUS.AX.

Loading charts...

Drawdown Indicators

IHOO.AXGGUS.AXDifference

Max Drawdown

Largest peak-to-trough decline

-33.91%

-64.26%

+30.35%

Max Drawdown (1Y)

Largest decline over 1 year

-9.58%

-20.90%

+11.32%

Max Drawdown (3Y)

Largest decline over 3 years

-21.25%

-46.78%

+25.53%

Max Drawdown (5Y)

Largest decline over 5 years

-22.19%

-55.53%

+33.34%

Max Drawdown (10Y)

Largest decline over 10 years

-33.91%

-64.26%

+30.35%

Current Drawdown

Current decline from peak

-3.32%

-4.40%

+1.08%

Average Drawdown

Average peak-to-trough decline

-4.26%

-13.41%

+9.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.65%

5.25%

-2.60%

Volatility

IHOO.AX vs. GGUS.AX - Volatility Comparison

The current volatility for iShares Global 100 AUD Hedged ETF (IHOO.AX) is 4.23%, while Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.AX) has a volatility of 6.38%. This indicates that IHOO.AX experiences smaller price fluctuations and is considered to be less risky than GGUS.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IHOO.AXGGUS.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

6.38%

-2.15%

Volatility (6M)

Calculated over the trailing 6-month period

12.24%

25.73%

-13.49%

Volatility (1Y)

Calculated over the trailing 1-year period

15.08%

30.52%

-15.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.94%

41.72%

-23.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.86%

40.74%

-22.88%

Dividends

IHOO.AX vs. GGUS.AX - Dividend Comparison

IHOO.AX's dividend yield for the trailing twelve months is around 4.54%, while GGUS.AX has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
GGUS.AX
Betashares Geared US Equities Currency Hedged Complex ETF		0.00%1.69%0.00%0.00%6.12%2.52%0.00%0.12%0.96%0.62%0.89%0.00%
IHOO.AX
iShares Global 100 AUD Hedged ETF		4.54%0.70%0.87%1.44%1.68%16.51%2.57%2.33%8.40%11.15%0.53%1.75%

Frequently Asked Questions

With a correlation of 0.91, IHOO.AX and GGUS.AX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

They also come from different issuers: iShares and BetaShares.

Portfolio Optimizer

Find the right allocation for IHOO.AX and GGUS.AX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer