BetaShares Global Banks Currency Hedged ETF (BNKS.AX)

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BetaShares Global Banks Currency Hedged ETF (BNKS.AX) is up 19.4% since the beginning of the year. BNKS.AX is currently trading at A$14 per share. Investors who bought A$1,000 worth of BNKS.AX shares 5 years ago would now be looking at an investment worth A$2,340.

BetaShares Global Banks Currency Hedged ETF (BNKS.AX) has returned 19.38% so far this year and 47.09% over the past 12 months.

Based on dividend-adjusted daily data since Jul 28, 2016, BNKS.AX's average daily return is +0.06%, while the average monthly return is +1.16%. At this rate, an investment would double in approximately 5.0 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +23.3%, while the worst month was Mar 2020 at -23.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, BNKS.AX closed higher 50% of trading days. The best single day was Apr 10, 2025 with a return of +10.3%, while the worst single day was Mar 23, 2020 at -9.8%.

BetaShares Global Banks Currency Hedged ETF has an annualized alpha of 12.94%, beta of 0.06, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 28, 2016.

• This ETF participated in 73.27% of S&P 500 Index downside but only 73.13% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.06 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.

BNKS.AX has an expense ratio of 0.57%, placing it in the medium range.

BNKS.AX ranks 87 for risk / return — in the top 87% 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.

BetaShares Global Banks Currency Hedged ETF provided a 4.63% dividend yield over the last twelve months, with an annual payout of A$0.65 per share.

The table displays the monthly dividend distributions for BetaShares Global Banks Currency Hedged 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 Global Banks Currency Hedged 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 Global Banks Currency Hedged ETF was 50.73%, occurring on Mar 23, 2020. Recovery took 478 trading sessions.

The chart below shows the rolling one-month volatility.