BetaShares Australian Equities Strong Bear Complex ETF (BBOZ.AX)

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BetaShares Australian Equities Strong Bear Complex ETF (BBOZ.AX) is down 5.0% since the beginning of the year. BBOZ.AX is currently trading at A$21 per share. Investors who bought A$1,000 worth of BBOZ.AX shares 5 years ago would now be looking at an investment worth A$470.

BetaShares Australian Equities Strong Bear Complex ETF (BBOZ.AX) has returned -4.96% so far this year and -6.95% over the past 12 months. Over the last ten years, BBOZ.AX has returned -20.87% per year, falling short of the S&P 500 Index benchmark, which averaged 14.27% annually.

Based on dividend-adjusted daily data since Apr 20, 2015, BBOZ.AX's average daily return is -0.06%, while the average monthly return is -1.43%.

Historically, 35% of months were positive and 65% were negative. The best month was Mar 2020 with a return of +35.7%, while the worst month was Nov 2020 at -22.1%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 11 months.

On a daily basis, BBOZ.AX closed higher 44% of trading days. The best single day was Mar 12, 2020 with a return of +17.1%, while the worst single day was Mar 25, 2020 at -13.7%.

BetaShares Australian Equities Strong Bear Complex ETF has an annualized alpha of -7.11%, beta of -0.44, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since April 20, 2015.

• This ETF tended to rise when S&P 500 Index fell (downside capture of -213.79%), but participation in market rallies was also limited (-91.28%) - a profile typical of counter-cyclical assets.
• Beta of -0.44 may look defensive, but with R2 of 0.04 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.04 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BBOZ.AX has a high expense ratio of 1.29%, indicating above-average management fees.

BBOZ.AX ranks 6 for risk / return — in the bottom 6% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

BetaShares Australian Equities Strong Bear Complex ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of A$0.00 per share.

The table displays the monthly dividend distributions for BetaShares Australian Equities Strong Bear Complex ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BetaShares Australian Equities Strong Bear Complex ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BetaShares Australian Equities Strong Bear Complex ETF was 93.82%, occurring on Mar 2, 2026. The portfolio has not yet recovered.

The current BetaShares Australian Equities Strong Bear Complex ETF drawdown is 93.35%.

The chart below shows the rolling one-month volatility.