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QOZ.AX vs. GGUS.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QOZ.AX vs. GGUS.AX

Last updated Jul 16, 2026
Documentation

QOZ.AX (BetaShares FTSE RAFI Australia 200 ETF) and GGUS.AX (Betashares Geared US Equities Currency Hedged Complex ETF) are both exchange-traded funds - QOZ.AX is a Large Cap Value Equities fund tracking the FTSE RAFI Australia 200 Index, while GGUS.AX is a Global Equities fund actively managed by BetaShares. QOZ.AX is passively managed, while GGUS.AX is actively managed. Over the past 10 years, QOZ.AX returned 8.91%/yr vs 21.27%/yr for GGUS.AX. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

QOZ.AX vs. GGUS.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares FTSE RAFI Australia 200 ETF (QOZ.AX) and Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.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, QOZ.AX achieves a 5.36% return, which is significantly lower than GGUS.AX's 18.74% return. Over the past 10 years, QOZ.AX has underperformed GGUS.AX with an annualized return of 8.91%, while GGUS.AX has yielded a comparatively higher 21.27% annualized return.

QOZ.AX

1D
-0.13%
1M
-0.89%
6M
4.91%
YTD
5.36%
1Y
14.79%
3Y*
11.72%
5Y*
8.47%
10Y*
8.91%

GGUS.AX

1D
0.25%
1M
0.33%
6M
16.82%
YTD
18.74%
1Y
39.79%
3Y*
31.10%
5Y*
14.41%
10Y*
21.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QOZ.AX vs. GGUS.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QOZ.AX
BetaShares FTSE RAFI Australia 200 ETF		5.36%14.57%8.09%8.49%3.17%17.17%-0.13%18.60%-5.96%9.73%
GGUS.AX
Betashares Geared US Equities Currency Hedged Complex ETF		18.74%18.83%45.64%49.70%-47.20%68.07%17.37%70.51%-21.12%45.08%

Correlation

The correlation between QOZ.AX and GGUS.AX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.50

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

0.56

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

0.60

Correlation (10Y)
Calculated over the trailing 10-year period

0.57

Correlation (All Time)
Calculated using the full available price history since Aug 17, 2015

0.57

The correlation between QOZ.AX and GGUS.AX shifts across timeframes, from 0.50 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

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BetaShares FTSE RAFI Australia 200 ETF

Betashares Geared US Equities Currency Hedged Complex ETF

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Return for Risk

QOZ.AX vs. GGUS.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QOZ.AX
QOZ.AX Risk / Return Rank: 4242
Overall Rank
QOZ.AX Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
QOZ.AX Sortino Ratio Rank: 4343
Sortino Ratio Rank
QOZ.AX Omega Ratio Rank: 4242
Omega Ratio Rank
QOZ.AX Calmar Ratio Rank: 4343
Calmar Ratio Rank
QOZ.AX Martin Ratio Rank: 3636
Martin Ratio Rank
GGUS.AX
GGUS.AX Risk / Return Rank: 4949
Overall Rank
GGUS.AX Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
GGUS.AX Sortino Ratio Rank: 4444
Sortino Ratio Rank
GGUS.AX Omega Ratio Rank: 5050
Omega Ratio Rank
GGUS.AX Calmar Ratio Rank: 4848
Calmar Ratio Rank
GGUS.AX Martin Ratio Rank: 5757
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.

QOZ.AX vs. GGUS.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares FTSE RAFI Australia 200 ETF (QOZ.AX) and Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.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.

QOZ.AXGGUS.AXDifference
Sharpe ratioReturn per unit of total volatility
1.32
1.38

-0.06

Sortino ratioReturn per unit of downside risk
1.85
1.89

-0.04

Omega ratioGain probability vs. loss probability

1.23

1.26

-0.03

Calmar ratioReturn relative to maximum drawdown

1.82

2.00

-0.18

Martin ratioReturn relative to average drawdown

4.58

8.05

-3.47

QOZ.AX vs. GGUS.AX - Sharpe Ratio Comparison

The current QOZ.AX Sharpe Ratio is 1.32, which is comparable to the GGUS.AX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of QOZ.AX and GGUS.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

QOZ.AX vs. GGUS.AX - Drawdown Comparison

The maximum QOZ.AX drawdown since its inception was -37.05%, smaller than the maximum GGUS.AX drawdown of -64.26%. Use the drawdown chart below to compare losses from any high point for QOZ.AX and GGUS.AX.

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Drawdown Indicators

QOZ.AXGGUS.AXDifference

Max Drawdown

Largest peak-to-trough decline

-37.05%

-64.26%

+27.21%

Max Drawdown (1Y)

Largest decline over 1 year

-8.60%

-20.90%

+12.30%

Max Drawdown (3Y)

Largest decline over 3 years

-13.67%

-46.78%

+33.11%

Max Drawdown (5Y)

Largest decline over 5 years

-14.87%

-55.53%

+40.66%

Max Drawdown (10Y)

Largest decline over 10 years

-37.05%

-64.26%

+27.21%

Current Drawdown

Current decline from peak

-3.17%

-1.47%

-1.70%

Average Drawdown

Average peak-to-trough decline

-4.61%

-13.41%

+8.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.44%

5.24%

-1.80%

Volatility

QOZ.AX vs. GGUS.AX - Volatility Comparison

The current volatility for BetaShares FTSE RAFI Australia 200 ETF (QOZ.AX) is 2.43%, while Betashares Geared US Equities Currency Hedged Complex ETF (GGUS.AX) has a volatility of 5.85%. This indicates that QOZ.AX experiences smaller price fluctuations and is considered to be less risky than GGUS.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QOZ.AXGGUS.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.43%

5.85%

-3.42%

Volatility (6M)

Calculated over the trailing 6-month period

9.38%

25.54%

-16.16%

Volatility (1Y)

Calculated over the trailing 1-year period

11.91%

30.44%

-18.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.87%

41.72%

-28.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.67%

40.73%

-26.06%

Dividends

QOZ.AX vs. GGUS.AX - Dividend Comparison

QOZ.AX's dividend yield for the trailing twelve months is around 2.26%, while GGUS.AX has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
GGUS.AX
Betashares Geared US Equities Currency Hedged Complex ETF		0.00%1.69%0.00%0.00%6.12%2.52%0.00%0.12%0.96%0.62%0.89%0.00%
QOZ.AX
BetaShares FTSE RAFI Australia 200 ETF		2.26%2.07%2.42%2.75%4.97%3.96%3.30%6.45%4.28%1.82%3.62%6.33%

Frequently Asked Questions

QOZ.AX and GGUS.AX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QOZ.AX is categorized as Large Cap Value Equities, while GGUS.AX is Global Equities.

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