ZYAU.AX vs. GXLD.AX
ZYAU.AX (Global X S&P/ASX 200 High Dividend ETF) and GXLD.AX (Global X Gold Bullion ETF) are both exchange-traded funds - ZYAU.AX is a Dividend fund tracking the Global X S&P/ASX 200 High Dividend Index, while GXLD.AX is a Gold fund tracking the Global X Gold Bullion Index. Both are passively managed. Over the past year, ZYAU.AX returned 16.88% vs 11.59% for GXLD.AX. At a 0.02 correlation, their price movements are largely independent.
Performance
ZYAU.AX vs. GXLD.AX - Performance Comparison
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Returns By Period
In the year-to-date period, ZYAU.AX achieves a 7.50% return, which is significantly higher than GXLD.AX's -11.66% return.
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%
GXLD.AX
- 1D
- -0.17%
- 1M
- -5.54%
- 6M
- -17.02%
- YTD
- -11.66%
- 1Y
- 11.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZYAU.AX vs. GXLD.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZYAU.AX Global X S&P/ASX 200 High Dividend ETF | 7.50% | 16.65% | 7.77% |
GXLD.AX Global X Gold Bullion ETF | -11.66% | 54.77% | 17.24% |
Correlation
The correlation between ZYAU.AX and GXLD.AX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 2, 2024 | 0.02 |
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Return for Risk
ZYAU.AX vs. GXLD.AX — Risk / Return Rank
ZYAU.AX
GXLD.AX
ZYAU.AX vs. GXLD.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P/ASX 200 High Dividend ETF (ZYAU.AX) and Global X Gold Bullion ETF (GXLD.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.
| ZYAU.AX | GXLD.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.11 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 0.47 | +2.72 |
| Martin ratioReturn relative to average drawdown | 7.10 | 1.08 | +6.03 |
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Drawdowns
ZYAU.AX vs. GXLD.AX - Drawdown Comparison
The maximum ZYAU.AX drawdown since its inception was -41.40%, which is greater than GXLD.AX's maximum drawdown of -24.63%. Use the drawdown chart below to compare losses from any high point for ZYAU.AX and GXLD.AX.
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Drawdown Indicators
| ZYAU.AX | GXLD.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.40% | -24.63% | -16.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -24.63% | +19.36% |
Max Drawdown (3Y)Largest decline over 3 years | -11.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.40% | — | — |
Current DrawdownCurrent decline from peak | -2.51% | -24.63% | +22.12% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -5.14% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 10.98% | -8.57% |
Volatility
ZYAU.AX vs. GXLD.AX - Volatility Comparison
The current volatility for Global X S&P/ASX 200 High Dividend ETF (ZYAU.AX) is 1.94%, while Global X Gold Bullion ETF (GXLD.AX) has a volatility of 6.13%. This indicates that ZYAU.AX experiences smaller price fluctuations and is considered to be less risky than GXLD.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZYAU.AX | GXLD.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 6.13% | -4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.48% | 20.99% | -12.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 24.56% | -13.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.54% | 20.45% | -6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 20.45% | -5.13% |
Dividends
ZYAU.AX vs. GXLD.AX - Dividend Comparison
ZYAU.AX's dividend yield for the trailing twelve months is around 4.28%, while GXLD.AX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXLD.AX Global X Gold Bullion ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
ZYAU.AX and GXLD.AX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZYAU.AX is categorized as Dividend, while GXLD.AX is Gold. ZYAU.AX tracks Global X S&P/ASX 200 High Dividend Index, while GXLD.AX tracks Global X Gold Bullion Index.
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