NDQ.AX vs. AAA.AX
NDQ.AX (BetaShares NASDAQ 100 ETF) and AAA.AX (BetaShares Australian High Interest Cash ETF) are both exchange-traded funds - NDQ.AX is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while AAA.AX is a Money Market fund actively managed by BetaShares. NDQ.AX is passively managed, while AAA.AX is actively managed. Over the past 10 years, NDQ.AX returned 21.65%/yr vs 2.12%/yr for AAA.AX. At a 0.01 correlation, their price movements are largely independent. NDQ.AX charges 0.48%/yr vs 0.18%/yr for AAA.AX.
Performance
NDQ.AX vs. AAA.AX - Performance Comparison
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Returns By Period
In the year-to-date period, NDQ.AX achieves a 10.94% return, which is significantly higher than AAA.AX's 1.60% return. Over the past 10 years, NDQ.AX has outperformed AAA.AX with an annualized return of 21.65%, while AAA.AX has yielded a comparatively lower 2.12% annualized return.
NDQ.AX
- 1D
- -1.45%
- 1M
- -1.46%
- 6M
- 9.73%
- YTD
- 10.94%
- 1Y
- 20.18%
- 3Y*
- 22.74%
- 5Y*
- 16.34%
- 10Y*
- 21.65%
AAA.AX
- 1D
- 0.02%
- 1M
- 0.39%
- 6M
- 1.49%
- YTD
- 1.60%
- 1Y
- 3.09%
- 3Y*
- 3.74%
- 5Y*
- 2.90%
- 10Y*
- 2.12%
NDQ.AX vs. AAA.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDQ.AX BetaShares NASDAQ 100 ETF | 10.94% | 11.35% | 38.19% | 53.22% | -28.42% | 35.46% | 34.50% | 39.66% | 8.97% | 21.59% |
AAA.AX BetaShares Australian High Interest Cash ETF | 1.60% | 3.76% | 3.87% | 3.75% | 1.38% | 0.35% | 0.74% | 1.69% | 1.87% | 1.39% |
Correlation
The correlation between NDQ.AX and AAA.AX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 26, 2015 | 0.01 |
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Return for Risk
NDQ.AX vs. AAA.AX — Risk / Return Rank
NDQ.AX
AAA.AX
NDQ.AX vs. AAA.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaShares NASDAQ 100 ETF (NDQ.AX) and BetaShares Australian High Interest Cash ETF (AAA.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.
| NDQ.AX | AAA.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.56 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 2.82 | -1.59 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 9.43 | -8.13 |
| Martin ratioReturn relative to average drawdown | 3.30 | 30.20 | -26.90 |
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Drawdowns
NDQ.AX vs. AAA.AX - Drawdown Comparison
The maximum NDQ.AX drawdown since its inception was -30.79%, which is greater than AAA.AX's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for NDQ.AX and AAA.AX.
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Drawdown Indicators
| NDQ.AX | AAA.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.79% | -0.36% | -30.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.17% | -0.32% | -14.85% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -0.32% | -20.95% |
Max Drawdown (5Y)Largest decline over 5 years | -30.79% | -0.32% | -30.47% |
Max Drawdown (10Y)Largest decline over 10 years | -30.79% | -0.32% | -30.47% |
Current DrawdownCurrent decline from peak | -3.79% | 0.00% | -3.79% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -0.06% | -5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.08% | 0.10% | +5.98% |
Volatility
NDQ.AX vs. AAA.AX - Volatility Comparison
BetaShares NASDAQ 100 ETF (NDQ.AX) has a higher volatility of 5.30% compared to BetaShares Australian High Interest Cash ETF (AAA.AX) at 0.10%. This indicates that NDQ.AX's price experiences larger fluctuations and is considered to be riskier than AAA.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.AX | AAA.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 0.10% | +5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.69% | 0.65% | +11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 0.73% | +14.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 0.50% | +18.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 0.48% | +18.67% |
NDQ.AX vs. AAA.AX - Expense Ratio Comparison
NDQ.AX has a 0.48% expense ratio, which is higher than AAA.AX's 0.18% expense ratio.
Dividends
NDQ.AX vs. AAA.AX - Dividend Comparison
NDQ.AX's dividend yield for the trailing twelve months is around 1.47%, less than AAA.AX's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAA.AX BetaShares Australian High Interest Cash ETF | 3.06% | 3.77% | 3.73% | 3.56% | 1.13% | 0.35% | 0.82% | 1.74% | 1.87% | 1.36% | 1.68% | 1.54% |
NDQ.AX BetaShares NASDAQ 100 ETF | 1.47% | 0.93% | 1.81% | 2.09% | 3.36% | 3.33% | 2.47% | 2.22% | 0.37% | 0.25% | 0.40% | 0.00% |
Frequently Asked Questions
NDQ.AX and AAA.AX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AAA.AX is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAA.AX is cheaper with a 0.18% expense ratio, compared with 0.48% for NDQ.AX.
NDQ.AX is categorized as Nasdaq-100, while AAA.AX is Money Market. Their fees differ too: 0.48% for NDQ.AX and 0.18% for AAA.AX.
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