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NDQ.AX vs. A200.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NDQ.AX vs. A200.AX

Last updated Jun 5, 2026

NDQ.AX (BetaShares NASDAQ 100 ETF) and A200.AX (Betashares Australia 200 ETF) are both exchange-traded funds - NDQ.AX is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while A200.AX is a fund fund tracking the Solactive Australia 200 Index. Both are passively managed. Over the past 5 years, NDQ.AX returned 19.70%/yr vs 7.68%/yr for A200.AX. At a 0.50 correlation, their price movements are largely independent. NDQ.AX charges 0.48%/yr vs 0.04%/yr for A200.AX.

Performance

NDQ.AX vs. A200.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares NASDAQ 100 ETF (NDQ.AX) and Betashares Australia 200 ETF (A200.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, NDQ.AX achieves a 12.48% return, which is significantly higher than A200.AX's 1.27% return.

NDQ.AX

1D
-0.22%
1M
10.02%
YTD
12.48%
6M
10.31%
1Y
28.25%
3Y*
25.30%
5Y*
19.70%
10Y*
21.80%

A200.AX

1D
-1.26%
1M
0.34%
YTD
1.27%
6M
2.63%
1Y
5.15%
3Y*
10.27%
5Y*
7.68%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

NDQ.AX vs. A200.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
NDQ.AX
BetaShares NASDAQ 100 ETF		12.48%12.19%38.30%53.41%-28.42%35.46%34.50%39.66%-0.80%
A200.AX
Betashares Australia 200 ETF		1.27%10.31%11.57%12.00%-0.56%17.90%1.16%22.87%-3.83%

Correlation

The correlation between NDQ.AX and A200.AX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.45

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

0.41

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

0.49

Correlation (All Time)
Calculated using the full available price history since May 8, 2018

0.50

Compare stocks, funds, or ETFs

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BetaShares NASDAQ 100 ETF

Betashares Australia 200 ETF

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Often compared with A200.AX:
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Return for Risk

NDQ.AX vs. A200.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NDQ.AX
NDQ.AX Risk / Return Rank: 4949
Overall Rank
NDQ.AX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
NDQ.AX Sortino Ratio Rank: 5757
Sortino Ratio Rank
NDQ.AX Omega Ratio Rank: 6060
Omega Ratio Rank
NDQ.AX Calmar Ratio Rank: 3838
Calmar Ratio Rank
NDQ.AX Martin Ratio Rank: 3232
Martin Ratio Rank
A200.AX
A200.AX Risk / Return Rank: 1616
Overall Rank
A200.AX Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
A200.AX Sortino Ratio Rank: 1515
Sortino Ratio Rank
A200.AX Omega Ratio Rank: 1616
Omega Ratio Rank
A200.AX Calmar Ratio Rank: 1717
Calmar Ratio Rank
A200.AX Martin Ratio Rank: 1717
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.

NDQ.AX vs. A200.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares NASDAQ 100 ETF (NDQ.AX) and Betashares Australia 200 ETF (A200.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.

NDQ.AXA200.AXDifference
Sharpe ratioReturn per unit of total volatility
1.99
0.43

+1.56

Sortino ratioReturn per unit of downside risk
2.65
0.69

+1.96

Omega ratioGain probability vs. loss probability

1.36

1.09

+0.27

Calmar ratioReturn relative to maximum drawdown

1.85

0.61

+1.24

Martin ratioReturn relative to average drawdown

4.77

1.56

+3.21

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDQ.AX vs. A200.AX - Sharpe Ratio Comparison

The current NDQ.AX Sharpe Ratio is 1.99, which is higher than the A200.AX Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of NDQ.AX and A200.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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Sharpe Ratios by Period

NDQ.AXA200.AXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.99

0.43

+1.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

0.60

+0.42

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.13

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.06

0.56

+0.50

Drawdowns

NDQ.AX vs. A200.AX - Drawdown Comparison

The maximum NDQ.AX drawdown since its inception was -30.79%, smaller than the maximum A200.AX drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for NDQ.AX and A200.AX.

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Drawdown Indicators

NDQ.AXA200.AXDifference

Max Drawdown

Largest peak-to-trough decline

-30.79%

-35.55%

+4.76%

Max Drawdown (1Y)

Largest decline over 1 year

-15.17%

-8.40%

-6.77%

Max Drawdown (3Y)

Largest decline over 3 years

-21.27%

-13.22%

-8.05%

Max Drawdown (5Y)

Largest decline over 5 years

-30.79%

-14.79%

-16.00%

Max Drawdown (10Y)

Largest decline over 10 years

-30.79%

—

—

Current Drawdown

Current decline from peak

-0.22%

-4.58%

+4.36%

Average Drawdown

Average peak-to-trough decline

-5.87%

-4.21%

-1.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.89%

3.29%

+2.60%

Volatility

NDQ.AX vs. A200.AX - Volatility Comparison

The current volatility for BetaShares NASDAQ 100 ETF (NDQ.AX) is 2.85%, while Betashares Australia 200 ETF (A200.AX) has a volatility of 4.17%. This indicates that NDQ.AX experiences smaller price fluctuations and is considered to be less risky than A200.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NDQ.AXA200.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.85%

4.17%

-1.32%

Volatility (6M)

Calculated over the trailing 6-month period

10.27%

9.59%

+0.68%

Volatility (1Y)

Calculated over the trailing 1-year period

14.07%

11.84%

+2.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.11%

12.67%

+6.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.14%

15.29%

+3.85%

NDQ.AX vs. A200.AX - Expense Ratio Comparison

NDQ.AX has a 0.48% expense ratio, which is higher than A200.AX's 0.04% expense ratio.

Dividends

NDQ.AX vs. A200.AX - Dividend Comparison

NDQ.AX's dividend yield for the trailing twelve months is around 1.44%, less than A200.AX's 3.40% yield.

PositionTTM2025202420232022202120202019201820172016
A200.AX
Betashares Australia 200 ETF		3.40%3.33%3.13%3.75%6.35%2.98%2.54%3.61%1.40%0.00%0.00%
NDQ.AX
BetaShares NASDAQ 100 ETF		1.44%1.67%1.86%2.17%3.36%3.33%2.47%2.22%0.52%0.45%0.43%

Frequently Asked Questions

NDQ.AX and A200.AX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, A200.AX is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

A200.AX is cheaper with a 0.04% expense ratio, compared with 0.48% for NDQ.AX.

NDQ.AX tracks NASDAQ-100 Index, while A200.AX tracks Solactive Australia 200 Index. Their fees differ too: 0.48% for NDQ.AX and 0.04% for A200.AX.

Portfolio Optimizer

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