Betashares Gold Bullion Currency Hedged ETF (QAU.AX)

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Betashares Gold Bullion Currency Hedged ETF (QAU.AX) is down 8.0% since the beginning of the year. QAU.AX is currently trading at A$30 per share. Investors who bought A$1,000 worth of QAU.AX shares 5 years ago would now be looking at an investment worth A$1,988.

Betashares Gold Bullion Currency Hedged ETF (QAU.AX) has returned -8.03% so far this year and 18.15% over the past 12 months. Over the last ten years, QAU.AX has returned 9.63% per year, falling short of the S&P 500 Index benchmark, which averaged 14.27% annually.

Based on dividend-adjusted daily data since May 4, 2011, QAU.AX's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.

Historically, 51% of months were positive and 49% were negative. The best month was Jan 2026 with a return of +18.9%, while the worst month was Jun 2013 at -14.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.

On a daily basis, QAU.AX closed higher 49% of trading days. The best single day was Mar 25, 2026 with a return of +6.4%, while the worst single day was Feb 2, 2026 at -9.9%.

Betashares Gold Bullion Currency Hedged ETF has an annualized alpha of 6.36%, beta of -0.03, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 04, 2011.

• This ETF tended to rise when S&P 500 Index fell (downside capture of -73.48%), but participation in market rallies was also limited (-7.62%) - a profile typical of counter-cyclical assets.
• Beta of -0.03 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.

QAU.AX ranks 21 for risk / return — below 21% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Betashares Gold Bullion Currency Hedged ETF provided a 5.48% dividend yield over the last twelve months, with an annual payout of A$1.66 per share.

The table displays the monthly dividend distributions for Betashares Gold Bullion 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 Gold Bullion 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 Gold Bullion Currency Hedged ETF was 42.74%, occurring on Dec 16, 2015. Recovery took 1167 trading sessions.

The current Betashares Gold Bullion Currency Hedged ETF drawdown is 27.79%.

The chart below shows the rolling one-month volatility.