SEMI.AX vs. GNDQ.AX
SEMI.AX (Global X Semiconductor ETF) and GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) are both Global Equities funds. SEMI.AX is passively managed, while GNDQ.AX is actively managed. Over the past year, SEMI.AX returned 104.12% vs 21.89% for GNDQ.AX. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
SEMI.AX vs. GNDQ.AX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SEMI.AX achieves a 59.90% return, which is significantly higher than GNDQ.AX's 9.74% return.
SEMI.AX
- 1D
- -7.68%
- 1M
- -15.15%
- 6M
- 42.26%
- YTD
- 59.90%
- 1Y
- 104.12%
- 3Y*
- 51.37%
- 5Y*
- —
- 10Y*
- —
GNDQ.AX
- 1D
- -4.30%
- 1M
- -6.38%
- 6M
- 9.42%
- YTD
- 9.74%
- 1Y
- 21.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SEMI.AX vs. GNDQ.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SEMI.AX Global X Semiconductor ETF | 59.90% | 43.80% | 3.05% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 9.74% | 15.96% | 17.76% |
Correlation
The correlation between SEMI.AX and GNDQ.AX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | 0.76 |
The correlation between SEMI.AX and GNDQ.AX has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SEMI.AX vs. GNDQ.AX — Risk / Return Rank
SEMI.AX
GNDQ.AX
SEMI.AX vs. GNDQ.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Semiconductor ETF (SEMI.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.
| SEMI.AX | GNDQ.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.17 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 0.92 | +3.88 |
| Martin ratioReturn relative to average drawdown | 21.73 | 2.29 | +19.44 |
Loading charts...
Drawdowns
SEMI.AX vs. GNDQ.AX - Drawdown Comparison
The maximum SEMI.AX drawdown since its inception was -38.85%, 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 SEMI.AX and GNDQ.AX.
Loading charts...
Drawdown Indicators
| SEMI.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.85% | -30.89% | -7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -20.90% | -23.50% | +2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -32.53% | — | — |
Current DrawdownCurrent decline from peak | -20.90% | -9.40% | -11.50% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -6.91% | -3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 9.51% | -4.84% |
Volatility
SEMI.AX vs. GNDQ.AX - Volatility Comparison
Global X Semiconductor ETF (SEMI.AX) has a higher volatility of 16.59% compared to Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) at 8.57%. This indicates that SEMI.AX's price experiences larger fluctuations and is considered to be riskier than GNDQ.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SEMI.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.59% | 8.57% | +8.02% |
Volatility (6M)Calculated over the trailing 6-month period | 30.75% | 18.07% | +12.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.63% | 23.33% | +12.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.80% | 29.55% | +2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.80% | 29.55% | +2.25% |
Dividends
SEMI.AX vs. GNDQ.AX - Dividend Comparison
SEMI.AX's dividend yield for the trailing twelve months is around 8.25%, more than GNDQ.AX's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 1.56% | 0.92% | 0.00% | 0.00% | 0.00% |
SEMI.AX Global X Semiconductor ETF | 8.25% | 5.60% | 3.44% | 0.54% | 0.96% |
Frequently Asked Questions
SEMI.AX and GNDQ.AX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and BetaShares.
Find the right allocation for SEMI.AX and GNDQ.AX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer