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

NDQ.AX vs. GNDQ.AX

Last updated Jul 16, 2026
Documentation

NDQ.AX (BetaShares NASDAQ 100 ETF) and GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) are both exchange-traded funds - NDQ.AX is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while GNDQ.AX is a Global Equities fund actively managed by BetaShares. NDQ.AX is passively managed, while GNDQ.AX is actively managed. Over the past year, NDQ.AX returned 20.18% vs 29.16% for GNDQ.AX. Their correlation of 0.95 suggests significant overlap in exposure.

Performance

NDQ.AX vs. GNDQ.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 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, NDQ.AX achieves a 10.94% return, which is significantly lower than GNDQ.AX's 14.66% 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%

GNDQ.AX

1D
-1.62%
1M
-1.89%
6M
13.60%
YTD
14.66%
1Y
29.16%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
NDQ.AX
BetaShares NASDAQ 100 ETF		10.94%11.35%13.64%
GNDQ.AX
Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF		14.66%15.96%17.76%

Correlation

The correlation between NDQ.AX and GNDQ.AX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.97

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

0.95

The correlation between NDQ.AX and GNDQ.AX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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BetaShares NASDAQ 100 ETF

Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF

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Return for Risk

NDQ.AX vs. GNDQ.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: 3939
Overall Rank
NDQ.AX Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
NDQ.AX Sortino Ratio Rank: 4343
Sortino Ratio Rank
NDQ.AX Omega Ratio Rank: 4444
Omega Ratio Rank
NDQ.AX Calmar Ratio Rank: 3232
Calmar Ratio Rank
NDQ.AX Martin Ratio Rank: 2929
Martin Ratio Rank
GNDQ.AX
GNDQ.AX Risk / Return Rank: 3636
Overall Rank
GNDQ.AX Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
GNDQ.AX Sortino Ratio Rank: 4040
Sortino Ratio Rank
GNDQ.AX Omega Ratio Rank: 3939
Omega Ratio Rank
GNDQ.AX Calmar Ratio Rank: 2929
Calmar Ratio Rank
GNDQ.AX Martin Ratio Rank: 2727
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. GNDQ.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares NASDAQ 100 ETF (NDQ.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.

NDQ.AXGNDQ.AXDifference
Sharpe ratioReturn per unit of total volatility
1.31
1.26

+0.04

Sortino ratioReturn per unit of downside risk
1.82
1.76

+0.06

Omega ratioGain probability vs. loss probability

1.23

1.22

+0.01

Calmar ratioReturn relative to maximum drawdown

1.30

1.23

+0.07

Martin ratioReturn relative to average drawdown

3.30

3.07

+0.23

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

The current NDQ.AX Sharpe Ratio is 1.31, which is comparable to the GNDQ.AX Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of NDQ.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

NDQ.AX vs. GNDQ.AX - Drawdown Comparison

The maximum NDQ.AX drawdown since its inception was -30.79%, roughly equal to the maximum GNDQ.AX drawdown of -30.89%. Use the drawdown chart below to compare losses from any high point for NDQ.AX and GNDQ.AX.

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Drawdown Indicators

NDQ.AXGNDQ.AXDifference

Max Drawdown

Largest peak-to-trough decline

-30.79%

-30.89%

+0.10%

Max Drawdown (1Y)

Largest decline over 1 year

-15.17%

-23.50%

+8.33%

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 Drawdown

Current decline from peak

-3.79%

-5.33%

+1.54%

Average Drawdown

Average peak-to-trough decline

-5.85%

-6.90%

+1.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.08%

9.49%

-3.41%

Volatility

NDQ.AX vs. GNDQ.AX - Volatility Comparison

The current volatility for BetaShares NASDAQ 100 ETF (NDQ.AX) is 5.30%, while Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) has a volatility of 7.42%. This indicates that NDQ.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

NDQ.AXGNDQ.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.30%

7.42%

-2.12%

Volatility (6M)

Calculated over the trailing 6-month period

11.69%

17.55%

-5.86%

Volatility (1Y)

Calculated over the trailing 1-year period

15.12%

22.92%

-7.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.15%

29.39%

-10.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.15%

29.39%

-10.24%

Dividends

NDQ.AX vs. GNDQ.AX - Dividend Comparison

NDQ.AX's dividend yield for the trailing twelve months is around 1.47%, less than GNDQ.AX's 1.49% yield.

PositionTTM2025202420232022202120202019201820172016
GNDQ.AX
Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF		1.49%0.92%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NDQ.AX
BetaShares NASDAQ 100 ETF		1.47%0.93%1.81%2.09%3.36%3.33%2.47%2.22%0.37%0.25%0.40%

Frequently Asked Questions

With a correlation of 0.97, NDQ.AX and GNDQ.AX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

NDQ.AX is categorized as Nasdaq-100, while GNDQ.AX is Global Equities.

Portfolio Optimizer

Find the right allocation for NDQ.AX and GNDQ.AX

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