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

NDQ.AX vs. QPON.AX

Last updated Jul 16, 2026
Documentation

NDQ.AX (BetaShares NASDAQ 100 ETF) and QPON.AX (BetaShares Australian Bank Senior Floating Rate Bond ETF) are both exchange-traded funds - NDQ.AX is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while QPON.AX is a Total Bond Market fund tracking the BetaShares Australian Bank Senior Floating Rate Bond Index. Both are passively managed. Over the past 5 years, NDQ.AX returned 16.34%/yr vs 3.50%/yr for QPON.AX. At a 0.05 correlation, their price movements are largely independent.

Performance

NDQ.AX vs. QPON.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 Australian Bank Senior Floating Rate Bond ETF (QPON.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 higher than QPON.AX's 2.30% 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%

QPON.AX

1D
0.08%
1M
0.48%
6M
1.98%
YTD
2.30%
1Y
3.88%
3Y*
4.75%
5Y*
3.50%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
NDQ.AX
BetaShares NASDAQ 100 ETF		10.94%11.35%38.19%53.22%-28.42%35.46%34.50%39.66%8.97%6.13%
QPON.AX
BetaShares Australian Bank Senior Floating Rate Bond ETF		2.30%4.36%5.09%4.99%0.96%-0.19%2.49%3.70%1.61%2.31%

Correlation

The correlation between NDQ.AX and QPON.AX is 0.10, 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

0.10

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

0.04

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

0.06

Correlation (All Time)
Calculated using the full available price history since Jun 1, 2017

0.05

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BetaShares NASDAQ 100 ETF

BetaShares Australian Bank Senior Floating Rate Bond ETF

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Return for Risk

NDQ.AX vs. QPON.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
QPON.AX
QPON.AX Risk / Return Rank: 9696
Overall Rank
QPON.AX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
QPON.AX Sortino Ratio Rank: 9595
Sortino Ratio Rank
QPON.AX Omega Ratio Rank: 9797
Omega Ratio Rank
QPON.AX Calmar Ratio Rank: 9696
Calmar Ratio Rank
QPON.AX Martin Ratio Rank: 9494
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. QPON.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 Bank Senior Floating Rate Bond ETF (QPON.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.AXQPON.AXDifference
Sharpe ratioReturn per unit of total volatility
1.31
3.16

-1.86

Sortino ratioReturn per unit of downside risk
1.82
4.40

-2.58

Omega ratioGain probability vs. loss probability

1.23

1.78

-0.55

Calmar ratioReturn relative to maximum drawdown

1.30

6.98

-5.68

Martin ratioReturn relative to average drawdown

3.30

21.45

-18.16

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

The current NDQ.AX Sharpe Ratio is 1.31, which is lower than the QPON.AX Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of NDQ.AX and QPON.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. QPON.AX - Drawdown Comparison

The maximum NDQ.AX drawdown since its inception was -30.79%, which is greater than QPON.AX's maximum drawdown of -4.05%. Use the drawdown chart below to compare losses from any high point for NDQ.AX and QPON.AX.

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Drawdown Indicators

NDQ.AXQPON.AXDifference

Max Drawdown

Largest peak-to-trough decline

-30.79%

-4.05%

-26.74%

Max Drawdown (1Y)

Largest decline over 1 year

-15.17%

-0.53%

-14.64%

Max Drawdown (3Y)

Largest decline over 3 years

-21.27%

-0.96%

-20.31%

Max Drawdown (5Y)

Largest decline over 5 years

-30.79%

-1.92%

-28.87%

Max Drawdown (10Y)

Largest decline over 10 years

-30.79%

—

—

Current Drawdown

Current decline from peak

-3.79%

0.00%

-3.79%

Average Drawdown

Average peak-to-trough decline

-5.85%

-0.22%

-5.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.08%

0.18%

+5.90%

Volatility

NDQ.AX vs. QPON.AX - Volatility Comparison

BetaShares NASDAQ 100 ETF (NDQ.AX) has a higher volatility of 5.30% compared to BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON.AX) at 0.22%. This indicates that NDQ.AX's price experiences larger fluctuations and is considered to be riskier than QPON.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.AXQPON.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.30%

0.22%

+5.08%

Volatility (6M)

Calculated over the trailing 6-month period

11.69%

0.81%

+10.88%

Volatility (1Y)

Calculated over the trailing 1-year period

15.12%

1.18%

+13.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.15%

1.33%

+17.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.15%

1.59%

+17.56%

Dividends

NDQ.AX vs. QPON.AX - Dividend Comparison

NDQ.AX's dividend yield for the trailing twelve months is around 1.47%, less than QPON.AX's 2.88% yield.

PositionTTM2025202420232022202120202019201820172016
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%
QPON.AX
BetaShares Australian Bank Senior Floating Rate Bond ETF		2.88%3.83%4.65%3.69%1.69%0.93%0.99%2.22%2.43%1.14%0.00%

Frequently Asked Questions

NDQ.AX and QPON.AX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NDQ.AX is categorized as Nasdaq-100, while QPON.AX is Total Bond Market. NDQ.AX tracks NASDAQ-100 Index, while QPON.AX tracks BetaShares Australian Bank Senior Floating Rate Bond Index.

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