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TECH.AX vs. ZYAU.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TECH.AX vs. ZYAU.AX

Last updated Jul 16, 2026
Documentation

TECH.AX (Global X Morningstar Global Technology ETF) and ZYAU.AX (Global X S&P/ASX 200 High Dividend ETF) are both exchange-traded funds - TECH.AX is a Technology Equities fund tracking the Global X Morningstar Global Technology Index, while ZYAU.AX is a Dividend fund tracking the Global X S&P/ASX 200 High Dividend Index. Both are passively managed. Over the past 5 years, TECH.AX returned 9.17%/yr vs 7.88%/yr for ZYAU.AX. At a 0.43 correlation, their price movements are largely independent.

Performance

TECH.AX vs. ZYAU.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X Morningstar Global Technology ETF (TECH.AX) and Global X S&P/ASX 200 High Dividend ETF (ZYAU.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, TECH.AX achieves a 13.34% return, which is significantly higher than ZYAU.AX's 7.50% return.

TECH.AX

1D
-0.93%
1M
-1.39%
6M
13.58%
YTD
13.34%
1Y
10.92%
3Y*
13.91%
5Y*
9.17%
10Y*
—

ZYAU.AX

1D
-0.20%
1M
-1.11%
6M
7.39%
YTD
7.50%
1Y
16.88%
3Y*
14.70%
5Y*
7.88%
10Y*
8.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TECH.AX vs. ZYAU.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TECH.AX
Global X Morningstar Global Technology ETF		13.34%0.78%22.63%38.47%-29.11%22.40%34.82%39.22%12.39%20.49%
ZYAU.AX
Global X S&P/ASX 200 High Dividend ETF		7.50%16.65%9.61%13.28%-10.97%18.29%-11.11%18.18%-2.19%15.94%

Correlation

The correlation between TECH.AX and ZYAU.AX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.19

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

0.28

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

0.40

Correlation (All Time)
Calculated using the full available price history since Apr 7, 2017

0.43

Over the past year, the correlation between TECH.AX and ZYAU.AX has dropped to 0.19 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

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Global X Morningstar Global Technology ETF

Global X S&P/ASX 200 High Dividend ETF

Return for Risk

TECH.AX vs. ZYAU.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TECH.AX
TECH.AX Risk / Return Rank: 1818
Overall Rank
TECH.AX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
TECH.AX Sortino Ratio Rank: 2020
Sortino Ratio Rank
TECH.AX Omega Ratio Rank: 2020
Omega Ratio Rank
TECH.AX Calmar Ratio Rank: 1515
Calmar Ratio Rank
TECH.AX Martin Ratio Rank: 1515
Martin Ratio Rank
ZYAU.AX
ZYAU.AX Risk / Return Rank: 5757
Overall Rank
ZYAU.AX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
ZYAU.AX Sortino Ratio Rank: 5454
Sortino Ratio Rank
ZYAU.AX Omega Ratio Rank: 5050
Omega Ratio Rank
ZYAU.AX Calmar Ratio Rank: 7777
Calmar Ratio Rank
ZYAU.AX Martin Ratio Rank: 5252
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.

TECH.AX vs. ZYAU.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Morningstar Global Technology ETF (TECH.AX) and Global X S&P/ASX 200 High Dividend ETF (ZYAU.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.

TECH.AXZYAU.AXDifference
Sharpe ratioReturn per unit of total volatility
0.57
1.50

-0.93

Sortino ratioReturn per unit of downside risk
0.93
2.14

-1.21

Omega ratioGain probability vs. loss probability

1.11

1.26

-0.15

Calmar ratioReturn relative to maximum drawdown

0.46

3.19

-2.73

Martin ratioReturn relative to average drawdown

0.99

7.10

-6.11

TECH.AX vs. ZYAU.AX - Sharpe Ratio Comparison

The current TECH.AX Sharpe Ratio is 0.57, which is lower than the ZYAU.AX Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of TECH.AX and ZYAU.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

TECH.AX vs. ZYAU.AX - Drawdown Comparison

The maximum TECH.AX drawdown since its inception was -31.78%, smaller than the maximum ZYAU.AX drawdown of -41.40%. Use the drawdown chart below to compare losses from any high point for TECH.AX and ZYAU.AX.

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Drawdown Indicators

TECH.AXZYAU.AXDifference

Max Drawdown

Largest peak-to-trough decline

-31.78%

-41.40%

+9.62%

Max Drawdown (1Y)

Largest decline over 1 year

-26.30%

-5.27%

-21.03%

Max Drawdown (3Y)

Largest decline over 3 years

-26.49%

-11.67%

-14.82%

Max Drawdown (5Y)

Largest decline over 5 years

-31.78%

-20.11%

-11.67%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.40%

—

Current Drawdown

Current decline from peak

-6.24%

-2.51%

-3.73%

Average Drawdown

Average peak-to-trough decline

-7.73%

-5.83%

-1.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.27%

2.41%

+9.86%

Volatility

TECH.AX vs. ZYAU.AX - Volatility Comparison

Global X Morningstar Global Technology ETF (TECH.AX) has a higher volatility of 6.78% compared to Global X S&P/ASX 200 High Dividend ETF (ZYAU.AX) at 1.94%. This indicates that TECH.AX's price experiences larger fluctuations and is considered to be riskier than ZYAU.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TECH.AXZYAU.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.78%

1.94%

+4.84%

Volatility (6M)

Calculated over the trailing 6-month period

18.70%

8.48%

+10.22%

Volatility (1Y)

Calculated over the trailing 1-year period

21.13%

11.24%

+9.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.61%

13.54%

+8.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.03%

15.32%

+5.71%

Dividends

TECH.AX vs. ZYAU.AX - Dividend Comparison

TECH.AX's dividend yield for the trailing twelve months is around 3.40%, less than ZYAU.AX's 4.28% yield.

PositionTTM20252024202320222021202020192018201720162015
TECH.AX
Global X Morningstar Global Technology ETF		3.40%11.08%6.23%0.50%4.95%13.65%7.67%7.75%6.07%0.84%0.00%0.00%
ZYAU.AX
Global X S&P/ASX 200 High Dividend ETF		4.28%4.22%7.82%11.01%9.36%6.73%4.68%6.38%9.89%15.54%5.13%2.66%

Frequently Asked Questions

TECH.AX and ZYAU.AX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TECH.AX is categorized as Technology Equities, while ZYAU.AX is Dividend. TECH.AX tracks Global X Morningstar Global Technology Index, while ZYAU.AX tracks Global X S&P/ASX 200 High Dividend Index.

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