VGS.AX vs. GNDQ.AX
VGS.AX (Vanguard MSCI Index International Shares ETF) and GNDQ.AX (Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF) are both Global Equities funds. VGS.AX is passively managed, while GNDQ.AX is actively managed. Over the past year, VGS.AX returned 11.55% vs 21.89% for GNDQ.AX. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
VGS.AX vs. GNDQ.AX - Performance Comparison
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Returns By Period
In the year-to-date period, VGS.AX achieves a 4.04% return, which is significantly lower than GNDQ.AX's 9.74% return.
VGS.AX
- 1D
- -1.21%
- 1M
- 0.20%
- 6M
- 2.73%
- YTD
- 4.04%
- 1Y
- 11.55%
- 3Y*
- 17.00%
- 5Y*
- 12.22%
- 10Y*
- 13.37%
GNDQ.AX
- 1D
- -4.30%
- 1M
- -6.38%
- 6M
- 9.42%
- YTD
- 9.74%
- 1Y
- 21.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGS.AX vs. GNDQ.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VGS.AX Vanguard MSCI Index International Shares ETF | 4.04% | 12.89% | 8.34% |
GNDQ.AX Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF | 9.74% | 15.96% | 17.76% |
Correlation
The correlation between VGS.AX and GNDQ.AX is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2024 | 0.78 |
The correlation between VGS.AX and GNDQ.AX has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
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Return for Risk
VGS.AX vs. GNDQ.AX — Risk / Return Rank
VGS.AX
GNDQ.AX
VGS.AX vs. GNDQ.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard MSCI Index International Shares ETF (VGS.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.
| VGS.AX | GNDQ.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.92 | +0.11 |
| Martin ratioReturn relative to average drawdown | 3.10 | 2.29 | +0.81 |
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Drawdowns
VGS.AX vs. GNDQ.AX - Drawdown Comparison
The maximum VGS.AX drawdown since its inception was -23.39%, smaller than the maximum GNDQ.AX drawdown of -30.89%. Use the drawdown chart below to compare losses from any high point for VGS.AX and GNDQ.AX.
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Drawdown Indicators
| VGS.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.39% | -30.89% | +7.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -23.50% | +12.78% |
Max Drawdown (3Y)Largest decline over 3 years | -13.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.39% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -9.40% | +7.84% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -6.91% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 9.51% | -5.87% |
Volatility
VGS.AX vs. GNDQ.AX - Volatility Comparison
The current volatility for Vanguard MSCI Index International Shares ETF (VGS.AX) is 2.55%, while Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ.AX) has a volatility of 8.57%. This indicates that VGS.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
| VGS.AX | GNDQ.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 8.57% | -6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 18.07% | -10.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.83% | 23.33% | -13.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.42% | 29.55% | -17.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 29.55% | -16.62% |
Dividends
VGS.AX vs. GNDQ.AX - Dividend Comparison
VGS.AX's dividend yield for the trailing twelve months is around 0.98%, less than GNDQ.AX's 1.56% 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 | 1.56% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGS.AX Vanguard MSCI Index International Shares ETF | 0.98% | 2.49% | 1.76% | 1.82% | 1.42% | 1.75% | 2.24% | 2.42% | 2.19% | 2.25% | 3.29% | 2.35% |
Frequently Asked Questions
VGS.AX and GNDQ.AX have a correlation of 0.76, 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: Vanguard and BetaShares.
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