NDQ.AX vs. GLDN.AX
NDQ.AX (BetaShares NASDAQ 100 ETF) and GLDN.AX (Ishares Physical Gold ETF) are both exchange-traded funds - NDQ.AX is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while GLDN.AX is a Gold fund tracking the LBMA Gold Price PM AUD Index. Both are passively managed. Over the past year, NDQ.AX returned 28.25% vs 20.68% for GLDN.AX. At a correlation of -0.08, they often move in opposite directions. NDQ.AX charges 0.48%/yr vs 0.18%/yr for GLDN.AX.
Performance
NDQ.AX vs. GLDN.AX - Performance Comparison
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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 GLDN.AX's -3.58% 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%
GLDN.AX
- 1D
- 0.67%
- 1M
- -1.25%
- YTD
- -3.58%
- 6M
- -1.13%
- 1Y
- 20.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NDQ.AX vs. GLDN.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NDQ.AX BetaShares NASDAQ 100 ETF | 12.48% | 12.19% | 38.30% | 7.86% |
GLDN.AX Ishares Physical Gold ETF | -3.58% | 55.11% | 38.15% | -2.11% |
Correlation
The correlation between NDQ.AX and GLDN.AX is -0.05, 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 | -0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2023 | -0.08 |
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Return for Risk
NDQ.AX vs. GLDN.AX — Risk / Return Rank
NDQ.AX
GLDN.AX
NDQ.AX vs. GLDN.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaShares NASDAQ 100 ETF (NDQ.AX) and Ishares Physical Gold ETF (GLDN.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.AX | GLDN.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 0.96 | +0.89 |
| Martin ratioReturn relative to average drawdown | 4.77 | 2.23 | +2.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NDQ.AX | GLDN.AX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 0.83 | +1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | — | — |
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 | 1.62 | -0.56 |
Drawdowns
NDQ.AX vs. GLDN.AX - Drawdown Comparison
The maximum NDQ.AX drawdown since its inception was -30.79%, which is greater than GLDN.AX's maximum drawdown of -21.43%. Use the drawdown chart below to compare losses from any high point for NDQ.AX and GLDN.AX.
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Drawdown Indicators
| NDQ.AX | GLDN.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.79% | -21.43% | -9.36% |
Max Drawdown (1Y)Largest decline over 1 year | -15.17% | -21.43% | +6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.79% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -20.00% | +19.78% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -4.25% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.89% | 9.22% | -3.33% |
Volatility
NDQ.AX vs. GLDN.AX - Volatility Comparison
The current volatility for BetaShares NASDAQ 100 ETF (NDQ.AX) is 2.85%, while Ishares Physical Gold ETF (GLDN.AX) has a volatility of 4.92%. This indicates that NDQ.AX experiences smaller price fluctuations and is considered to be less risky than GLDN.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 | GLDN.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.85% | 4.92% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 21.11% | -10.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 24.58% | -10.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 19.49% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.14% | 19.49% | -0.35% |
NDQ.AX vs. GLDN.AX - Expense Ratio Comparison
NDQ.AX has a 0.48% expense ratio, which is higher than GLDN.AX's 0.18% expense ratio.
Dividends
NDQ.AX vs. GLDN.AX - Dividend Comparison
NDQ.AX's dividend yield for the trailing twelve months is around 1.44%, more than GLDN.AX's 0.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GLDN.AX Ishares Physical Gold ETF | 0.08% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 GLDN.AX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDN.AX is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDN.AX is cheaper with a 0.18% expense ratio, compared with 0.48% for NDQ.AX.
NDQ.AX is categorized as Nasdaq-100, while GLDN.AX is Gold. NDQ.AX tracks NASDAQ-100 Index, while GLDN.AX tracks LBMA Gold Price PM AUD Index. They also come from different issuers: BetaShares and iShares. Their fees differ too: 0.48% for NDQ.AX and 0.18% for GLDN.AX.
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