BetaShares Australian Major Bank Hybrids Index ETF (BHYB.AX)

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BetaShares Australian Major Bank Hybrids Index ETF (BHYB.AX) is up 1.6% since the beginning of the year. BHYB.AX is currently trading at A$10 per share. Investors who bought A$1,000 worth of BHYB.AX shares 5 years ago would now be looking at an investment worth A$1,181.

BetaShares Australian Major Bank Hybrids Index ETF (BHYB.AX) has returned 1.55% so far this year and 3.19% over the past 12 months.

Based on dividend-adjusted daily data since Apr 21, 2021, BHYB.AX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.

Historically, 66% of months were positive and 34% were negative. The best month was Dec 2022 with a return of +2.3%, while the worst month was Jun 2022 at -2.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, BHYB.AX closed higher 41% of trading days. The best single day was Jun 28, 2022 with a return of +0.9%, while the worst single day was Apr 7, 2025 at -1.6%.

BetaShares Australian Major Bank Hybrids Index ETF has an annualized alpha of 3.20%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 21, 2021.

• This ETF captured 6.79% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -9.62%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 may look defensive, but with R2 of 0.00 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 0.00 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.

BHYB.AX has an expense ratio of 0.35%, placing it in the medium range.

BHYB.AX ranks 47 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

BetaShares Australian Major Bank Hybrids Index ETF provided a 3.34% dividend yield over the last twelve months, with an annual payout of A$0.33 per share.

The table displays the monthly dividend distributions for BetaShares Australian Major Bank Hybrids Index 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 Major Bank Hybrids Index 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 Major Bank Hybrids Index ETF was 5.16%, occurring on Jun 15, 2022. Recovery took 120 trading sessions.

The current BetaShares Australian Major Bank Hybrids Index ETF drawdown is 0.10%.

The chart below shows the rolling one-month volatility.