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

IHOO.AX vs. GNDQ.AX

Last updated Jul 18, 2026
Documentation

IHOO.AX (iShares Global 100 AUD Hedged ETF) and GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) are both Global Equities funds. IHOO.AX is passively managed, while GNDQ.AX is actively managed. Over the past year, IHOO.AX returned 26.02% vs 21.89% for GNDQ.AX. A 0.73 correlation means they provide meaningful diversification when combined.

Performance

IHOO.AX vs. GNDQ.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 Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.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, IHOO.AX achieves a 8.83% return, which is significantly lower than GNDQ.AX's 9.74% 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%

GNDQ.AX

1D
-4.30%
1M
-6.38%
6M
9.42%
YTD
9.74%
1Y
21.89%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
IHOO.AX
iShares Global 100 AUD Hedged ETF		8.83%24.02%3.20%
GNDQ.AX
Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF		9.74%15.96%17.76%

Correlation

The correlation between IHOO.AX and GNDQ.AX is 0.71, 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

0.71

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

0.73

The correlation between IHOO.AX and GNDQ.AX has been stable across timeframes, ranging from 0.71 to 0.73 - 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 Wealth Builder Nasdaq 100 Geared (30-40% LVR) 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 GNDQ.AX:
GNDQ.AX vs. DHHF.AXGNDQ.AX vs. EX20.AXGNDQ.AX vs. FOOD.AXGNDQ.AX vs. FUEL.AXGNDQ.AX vs. GEAR.AXGNDQ.AX vs. GGUS.AXGNDQ.AX vs. A200.AX

Return for Risk

IHOO.AX vs. GNDQ.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
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
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. GNDQ.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 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.

IHOO.AXGNDQ.AXDifference
Sharpe ratioReturn per unit of total volatility
1.68
0.93

+0.75

Sortino ratioReturn per unit of downside risk
2.32
1.35

+0.98

Omega ratioGain probability vs. loss probability

1.31

1.17

+0.14

Calmar ratioReturn relative to maximum drawdown

2.65

0.92

+1.73

Martin ratioReturn relative to average drawdown

9.66

2.29

+7.38

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

The current IHOO.AX Sharpe Ratio is 1.68, which is higher than the GNDQ.AX Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of IHOO.AX and GNDQ.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

IHOO.AX vs. GNDQ.AX - Drawdown Comparison

The maximum IHOO.AX drawdown since its inception was -33.91%, 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 IHOO.AX and GNDQ.AX.

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Drawdown Indicators

IHOO.AXGNDQ.AXDifference

Max Drawdown

Largest peak-to-trough decline

-33.91%

-30.89%

-3.02%

Max Drawdown (1Y)

Largest decline over 1 year

-9.58%

-23.50%

+13.92%

Max Drawdown (3Y)

Largest decline over 3 years

-21.25%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-22.19%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-33.91%

—

—

Current Drawdown

Current decline from peak

-3.32%

-9.40%

+6.08%

Average Drawdown

Average peak-to-trough decline

-4.26%

-6.91%

+2.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.65%

9.51%

-6.86%

Volatility

IHOO.AX vs. GNDQ.AX - Volatility Comparison

The current volatility for iShares Global 100 AUD Hedged ETF (IHOO.AX) is 4.23%, while Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) has a volatility of 8.57%. This indicates that IHOO.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

IHOO.AXGNDQ.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

8.57%

-4.34%

Volatility (6M)

Calculated over the trailing 6-month period

12.24%

18.07%

-5.83%

Volatility (1Y)

Calculated over the trailing 1-year period

15.08%

23.33%

-8.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.94%

29.55%

-11.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.86%

29.55%

-11.69%

Dividends

IHOO.AX vs. GNDQ.AX - Dividend Comparison

IHOO.AX's dividend yield for the trailing twelve months is around 4.54%, more than GNDQ.AX's 1.56% yield.

PositionTTM20252024202320222021202020192018201720162015
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%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

IHOO.AX and GNDQ.AX have a correlation of 0.71, 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: iShares and BetaShares.

Portfolio Optimizer

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