QOZ.AX vs. GNDQ.AX
QOZ.AX (BetaShares FTSE RAFI Australia 200 ETF) and GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) are both exchange-traded funds - QOZ.AX is a Large Cap Value Equities fund tracking the FTSE RAFI Australia 200 Index, while GNDQ.AX is a Global Equities fund actively managed by BetaShares. QOZ.AX is passively managed, while GNDQ.AX is actively managed. Over the past year, QOZ.AX returned 14.79% vs 29.16% for GNDQ.AX. At a 0.31 correlation, their price movements are largely independent.
Performance
QOZ.AX vs. GNDQ.AX - Performance Comparison
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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 GNDQ.AX's 14.66% 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%
GNDQ.AX
- 1D
- -1.62%
- 1M
- -1.89%
- 6M
- 13.60%
- YTD
- 14.66%
- 1Y
- 29.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QOZ.AX vs. GNDQ.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QOZ.AX BetaShares FTSE RAFI Australia 200 ETF | 5.36% | 14.57% | -1.20% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 14.66% | 15.96% | 17.76% |
Correlation
The correlation between QOZ.AX and GNDQ.AX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | 0.31 |
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Return for Risk
QOZ.AX vs. GNDQ.AX — Risk / Return Rank
QOZ.AX
GNDQ.AX
QOZ.AX vs. GNDQ.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 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.
| QOZ.AX | GNDQ.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.23 | +0.58 |
| Martin ratioReturn relative to average drawdown | 4.58 | 3.07 | +1.51 |
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Drawdowns
QOZ.AX vs. GNDQ.AX - Drawdown Comparison
The maximum QOZ.AX drawdown since its inception was -37.05%, which is greater than GNDQ.AX's maximum drawdown of -30.89%. Use the drawdown chart below to compare losses from any high point for QOZ.AX and GNDQ.AX.
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Drawdown Indicators
| QOZ.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.05% | -30.89% | -6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.60% | -23.50% | +14.90% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.05% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -5.33% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -6.90% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 9.49% | -6.05% |
Volatility
QOZ.AX vs. GNDQ.AX - Volatility Comparison
The current volatility for BetaShares FTSE RAFI Australia 200 ETF (QOZ.AX) is 2.43%, while Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) has a volatility of 7.42%. This indicates that QOZ.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
| QOZ.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 7.42% | -4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.38% | 17.55% | -8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 22.92% | -11.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.87% | 29.39% | -16.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.67% | 29.39% | -14.72% |
Dividends
QOZ.AX vs. GNDQ.AX - Dividend Comparison
QOZ.AX's dividend yield for the trailing twelve months is around 2.26%, more than GNDQ.AX's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 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 GNDQ.AX have a correlation of 0.31, 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 GNDQ.AX is Global Equities.
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