NDQ.AX vs. ETHI.AX

Last updated Jul 18, 2026

NDQ.AX (BetaShares NASDAQ 100 ETF) and ETHI.AX (Betashares Global Sustainability Leaders ETF) are both exchange-traded funds - NDQ.AX is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while ETHI.AX is a Global Equities fund tracking the Nasdaq Future Global Sustainability Leaders Index. Both are passively managed. Over the past 5 years, NDQ.AX returned 15.66%/yr vs 9.47%/yr for ETHI.AX. Their correlation of 0.85 suggests significant overlap in exposure. NDQ.AX charges 0.48%/yr vs 0.59%/yr for ETHI.AX.

Performance

NDQ.AX vs. ETHI.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 Global Sustainability Leaders ETF (ETHI.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDQ.AX achieves a 7.77% return, which is significantly higher than ETHI.AX's 3.50% return.

NDQ.AX

• 1D: -3.03%
• 1M: -4.37%
• 6M: 6.95%
• YTD: 7.77%
• 1Y: 15.67%
• 3Y*: 21.27%
• 5Y*: 15.66%
• 10Y*: 21.14%

ETHI.AX

• 1D: -0.47%
• 1M: 3.13%
• 6M: 3.44%
• YTD: 3.50%
• 1Y: 8.84%
• 3Y*: 13.29%
• 5Y*: 9.47%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NDQ.AX BetaShares NASDAQ 100 ETF	7.77%	11.35%	38.19%	53.22%	-28.42%	35.46%	34.50%	39.66%	8.97%	21.80%
ETHI.AX Betashares Global Sustainability Leaders ETF	3.50%	4.56%	27.20%	22.81%	-15.53%	31.01%	24.65%	36.89%	6.85%	18.46%

Correlation

The correlation between NDQ.AX and ETHI.AX is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 5, 2017	0.85

The correlation between NDQ.AX and ETHI.AX shifts across timeframes, from 0.69 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NDQ.AX vs. ETHI.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: 29
NDQ.AX Sharpe Ratio Rank: 33
NDQ.AX Sortino Ratio Rank: 31
NDQ.AX Omega Ratio Rank: 31
NDQ.AX Calmar Ratio Rank: 25
NDQ.AX Martin Ratio Rank: 25

ETHI.AX

ETHI.AX Risk / Return Rank: 23
ETHI.AX Sharpe Ratio Rank: 27
ETHI.AX Sortino Ratio Rank: 25
ETHI.AX Omega Ratio Rank: 26
ETHI.AX Calmar Ratio Rank: 19
ETHI.AX Martin Ratio Rank: 18

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. ETHI.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares NASDAQ 100 ETF (NDQ.AX) and Betashares Global Sustainability Leaders ETF (ETHI.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	ETHI.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.99	0.74	+0.25
Sortino ratio: Return per unit of downside risk	1.40	1.10	+0.30
Omega ratio: Gain probability vs. loss probability	1.18	1.14	+0.04
Calmar ratio: Return relative to maximum drawdown	1.00	0.57	+0.43
Martin ratio: Return relative to average drawdown	2.52	1.35	+1.17

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

The current NDQ.AX Sharpe Ratio is 0.99, which is higher than the ETHI.AX Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of NDQ.AX and ETHI.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.

Drawdowns

NDQ.AX vs. ETHI.AX - Drawdown Comparison

The maximum NDQ.AX drawdown since its inception was -30.79%, which is greater than ETHI.AX's maximum drawdown of -25.44%. Use the drawdown chart below to compare losses from any high point for NDQ.AX and ETHI.AX.

Drawdown Indicators

	NDQ.AX	ETHI.AX	Difference
Max Drawdown Largest peak-to-trough decline	-30.79%	-25.44%	-5.35%
Max Drawdown (1Y) Largest decline over 1 year	-15.17%	-14.99%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-21.27%	-15.65%	-5.62%
Max Drawdown (5Y) Largest decline over 5 years	-30.79%	-25.44%	-5.35%
Max Drawdown (10Y) Largest decline over 10 years	-30.79%	—	—
Current Drawdown Current decline from peak	-6.54%	-1.46%	-5.08%
Average Drawdown Average peak-to-trough decline	-5.85%	-4.63%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.10%	6.42%	-0.32%

Volatility

NDQ.AX vs. ETHI.AX - Volatility Comparison

BetaShares NASDAQ 100 ETF (NDQ.AX) has a higher volatility of 6.06% compared to Betashares Global Sustainability Leaders ETF (ETHI.AX) at 2.86%. This indicates that NDQ.AX's price experiences larger fluctuations and is considered to be riskier than ETHI.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDQ.AX	ETHI.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	2.86%	+3.20%
Volatility (6M) Calculated over the trailing 6-month period	12.07%	9.70%	+2.37%
Volatility (1Y) Calculated over the trailing 1-year period	15.40%	11.66%	+3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.19%	14.05%	+5.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	14.73%	+4.44%

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

NDQ.AX has a 0.48% expense ratio, which is lower than ETHI.AX's 0.59% expense ratio.

Dividends

NDQ.AX vs. ETHI.AX - Dividend Comparison

NDQ.AX's dividend yield for the trailing twelve months is around 1.52%, less than ETHI.AX's 1.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ETHI.AX Betashares Global Sustainability Leaders ETF	1.55%	1.86%	2.11%	4.40%	2.43%	5.04%	10.20%	3.90%	1.69%	1.13%	0.00%
NDQ.AX BetaShares NASDAQ 100 ETF	1.52%	0.93%	1.81%	2.09%	3.36%	3.33%	2.47%	2.22%	0.37%	0.25%	0.40%

Frequently Asked Questions

Can I hold both NDQ.AX and ETHI.AX in my portfolio?

NDQ.AX and ETHI.AX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NDQ.AX or ETHI.AX?

On fees, NDQ.AX is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NDQ.AX or ETHI.AX?

NDQ.AX is cheaper with a 0.48% expense ratio, compared with 0.59% for ETHI.AX.

What is the main difference between NDQ.AX and ETHI.AX?

NDQ.AX is categorized as Nasdaq-100, while ETHI.AX is Global Equities. NDQ.AX tracks NASDAQ-100 Index, while ETHI.AX tracks Nasdaq Future Global Sustainability Leaders Index. Their fees differ too: 0.48% for NDQ.AX and 0.59% for ETHI.AX.