- Issuer
- BetaShares
- Inception Date
- Aug 24, 2015
- Region
- North America (US)
- Category
- Inverse Equities
- Leveraged
- -2x to -2.75x
- Index Tracked
- S&P 500 Total Return Index
- Domicile
- Australia
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
BBUS.AX Performance Chart
BetaShares US Equities Strong Bear Currency Hedged Complex ETF (BBUS.AX) is down 18.2% since the beginning of the year. BBUS.AX is currently trading at A$23 per share.
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Returns By Period
BetaShares US Equities Strong Bear Currency Hedged Complex ETF (BBUS.AX) has returned -18.16% so far this year and 573.53% over the past 12 months.
BetaShares US Equities Strong Bear Currency Hedged Complex ETF
- 1D
- -0.48%
- 1M
- -0.74%
- 6M
- -16.48%
- YTD
- -18.16%
- 1Y
- 573.53%
- 3Y*
- 43.99%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.12%
- 1M
- 1.38%
- 6M
- 4.49%
- YTD
- 5.58%
- 1Y
- 12.98%
- 3Y*
- 18.01%
- 5Y*
- 13.12%
- 10Y*
- 14.27%
BBUS.AX Monthly Returns History
Based on dividend-adjusted daily data since Aug 9, 2021, BBUS.AX's average daily return is +0.64%, while the average monthly return is +13.40%. At this rate, an investment would double in approximately 0.5 years.
Historically, 37% of months were positive and 63% were negative. The best month was Nov 2025 with a return of +910.7%, while the worst month was Apr 2026 at -21.7%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 7 months.
On a daily basis, BBUS.AX closed higher 45% of trading days. The best single day was Nov 10, 2025 with a return of +900.0%, while the worst single day was Apr 10, 2025 at -24.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.68% | 2.23% | 18.02% | -21.65% | -13.86% | 4.90% | -3.54% | -18.16% | |||||
| 2025 | -6.05% | 8.83% | 13.82% | -11.56% | -14.38% | -10.94% | -7.14% | -2.15% | -5.03% | -6.95% | 910.68% | -1.48% | 527.35% |
| 2024 | -4.52% | -7.18% | -7.24% | 6.56% | -5.49% | -10.04% | 1.57% | -7.13% | -3.94% | -2.16% | -7.51% | 6.44% | -34.99% |
| 2023 | -10.17% | 2.88% | -3.90% | -3.43% | -3.02% | -10.44% | -8.19% | 4.59% | 12.40% | 9.43% | -19.22% | -10.79% | -36.60% |
| 2022 | 17.15% | 5.92% | -18.63% | 18.31% | 5.91% | 23.17% | -18.52% | 2.84% | 23.49% | -14.23% | -3.09% | 7.66% | 44.31% |
| 2021 | -6.97% | 8.02% | -8.91% | -4.89% | -6.06% | -18.21% |
Benchmark Metrics
BetaShares US Equities Strong Bear Currency Hedged Complex ETF has an annualized alpha of 396.00%, beta of 0.74, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 09, 2021.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -347.74%), but participation in market rallies was also limited (-12.99%) - a profile typical of counter-cyclical assets.
- R2 of 0.00 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.
- Alpha
- 396.00%
- Beta
- 0.74
- R²
- 0.00
- Upside Capture
- -12.99%
- Downside Capture
- -347.74%
Expense Ratio
BBUS.AX has a high expense ratio of 1.32%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BBUS.AX ranks 83 for risk / return — in the top 83% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BetaShares US Equities Strong Bear Currency Hedged Complex ETF (BBUS.AX) and compare them to S&P 500 Index.
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.
| BBUS.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | +35.44 | ||
| Omega ratioGain probability vs. loss probability | 5.20 | 1.24 | +3.96 |
| Calmar ratioReturn relative to maximum drawdown | 15.29 | 1.11 | +14.18 |
| Martin ratioReturn relative to average drawdown | 30.52 | 3.10 | +27.42 |
Dividends
Dividend History
BetaShares US Equities Strong Bear Currency Hedged Complex ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of A$0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.13 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 10.40% |
Monthly Dividends
The table displays the monthly dividend distributions for BetaShares US Equities Strong Bear Currency Hedged Complex ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | |||||
| 2025 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 |
| 2024 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 |
| 2023 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 |
| 2022 | A$1.13 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$1.13 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BetaShares US Equities Strong Bear Currency Hedged 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 US Equities Strong Bear Currency Hedged Complex ETF was 77.93%, occurring on Oct 29, 2025. Recovery took 10 trading sessions.
The current BetaShares US Equities Strong Bear Currency Hedged Complex ETF drawdown is 31.99%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-77.93%Oct 2025 | 3y 16d | 12d | 3y 28dOct 2022 - Nov 2025 | — |
-33.50%Jun 2026 | 2mo 4d | — | 3mo 17dMar 2026 - now | — |
-31.87%Aug 2022 | 1mo 27d | 1mo 17d | 3mo 14dJun 2022 - Oct 2022 | Bear market2022 |
-25.68%Mar 2022 | 1mo 3d | 1mo 11d | 2mo 14dFeb 2022 - May 2022 | Bear market2022 |
-24.25%Jan 2022 | 3mo 2d | 1mo 21d | 4mo 23dOct 2021 - Feb 2022 | Bear market2022 |
Drawdown Indicators
| BBUS.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.93% | -41.07% | -36.86% |
Max Drawdown (1Y)Largest decline over 1 year | -33.50% | -11.69% | -21.81% |
Max Drawdown (3Y)Largest decline over 3 years | -70.97% | -17.74% | -53.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.71% | — |
Current DrawdownCurrent decline from peak | -31.99% | -0.60% | -31.39% |
Average DrawdownAverage peak-to-trough decline | -36.12% | -11.02% | -25.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.10% | 4.20% | +12.90% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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