Betashares Australian Equities BEAR Complex ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among Australian equity funds would cost $400 (0.80% a year), so BEAR is $356 dearer.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 2 Sept 2026 · 8 securities · top 10 = 1.4%
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −1.5 | −3.4 | 7.6 | −1.6 | −0.7 | −0.9 | −1.5 | −0.3 | 2.8 | 0.7 | 0.8YTD | ||
| 2025 | −3.5 | 4.5 | 4.1 | −3.9 | −3.7 | −1.2 | −1.9 | −2.6 | 1.4 | −0.4 | 3.5 | −0.7 | −4.8 |
| 2024 | −0.6 | −0.2 | −3.0 | 3.9 | −0.2 | −0.7 | −3.1 | 0.4 | −2.6 | 2.1 | −3.1 | 3.3 | −4.1 |
| 2023 | −5.2 | 2.7 | 0.5 | −1.5 | 3.4 | −1.3 | −2.4 | 1.4 | 3.4 | 4.5 | −4.3 | −6.7 | −6.0 |
| 2022 | 6.1 | −1.8 | −7.4 | 1.1 | 2.2 | 9.3 | −5.8 | −0.6 | 6.3 | −5.7 | −6.3 | 3.3 | −0.9 |
| 2021 | −0.4 | −1.5 | −2.3 | −3.8 | −2.4 | −2.5 | −1.0 | −3.2 | 2.5 | −0.7 | 0.4 | −2.9 | −16.4 |
| 2020 | −5.0 | 8.3 | 18.6 | −9.4 | −4.9 | −3.1 | −0.8 | −2.7 | 3.6 | −2.2 | −9.8 | −1.3 | −11.3 |
| 2019 | −3.9 | −5.3 | −1.3 | −1.8 | −1.2 | −3.8 | −3.0 | 2.7 | −2.1 | 1.1 | −3.9 | 2.9 | −18.3 |
| 2018 | 0.6 | −0.2 | 3.9 | −3.5 | −0.7 | −3.6 | −1.0 | −1.6 | 1.5 | 6.9 | 1.3 | 1.0 | 4.2 |
| 2017 | 1.2 | −2.6 | −2.9 | −0.6 | 3.2 | −0.3 | 0.1 | −0.1 | 0.2 | −4.1 | −1.4 | −1.3 | −8.4 |
| 2016 | 6.4 | 1.9 | −4.5 | −3.3 | −3.3 | 2.9 | −5.9 | 1.2 | −0.9 | 2.2 | −3.1 | −4.5 | −11.0 |
| 2015 | −3.1 | −6.2 | 0.0 | 2.0 | −0.4 | 5.9 | −4.2 | 7.9 | 2.9 | −4.6 | 0.8 | −3.0 | −2.9 |
| 2014 | 4.0 | −4.6 | 0.1 | −1.3 | −0.4 | 1.9 | −3.7 | −0.4 | 6.0 | −4.5 | 3.5 | −2.0 | −2.1 |
| 2013 | −4.4 | −4.8 | 2.7 | −4.0 | 4.6 | 2.5 | −5.0 | −1.5 | −2.1 | −3.5 | 1.8 | −1.4 | −14.7 |
| 2012 | −1.9 | −1.8 | −2.6 | −0.1 | −3.0 | −9.0 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
BEAR questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Betashares Australian Equities BEAR Complex ETF?
Betashares Australian Equities BEAR Complex ETF holds 8 securities, and its ten largest positions make up 1.4% of the fund, more spread out than the 33.2% typical of Australian equity funds. That makes it fairly concentrated.
Which ETFs does BEAR double up with most?
No other ASX fund shares more than 10% of its holdings with BEAR, but its returns move most closely with Betashares Australian Equities Strong Bear Complex ETF (BBOZ) (correlation 0.97). A correlation near 1 means the two funds tend to rise and fall together, so holding both adds little diversification.
How is Betashares Australian Equities BEAR Complex ETF managed – active or passive?
Betashares Australian Equities BEAR Complex ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
It is also geared: it borrows to magnify returns, so gains and losses are larger than the market's.
What will I pay in fees for BEAR?
BEAR charges a management fee of 1.48% a year, about $148 for every $10,000 invested. Only 0% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among Australian equity funds, the median is 0.78%.
Lower-cost funds with a similar focus include Betashares Geared Australian Equities Complex ETF (GEAR) at 0.78%, Betashares Australian Equities Strong Bear Complex ETF (BBOZ) at 1.29% and Betashares Wealthbuilder Aus200 Geared Complex ETF (G200) at 0.35%.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.17% for BEAR.
Does Betashares Australian Equities BEAR Complex ETF follow a theme?
No. Betashares Australian Equities BEAR Complex ETF is a broad equity fund: it aims to cover a wide slice of its market (Australia) rather than one theme or sector.
What is under the hood of BEAR?
The issuer doesn't publish BEAR's holdings in a form we can read. Its website and fact sheet list the full portfolio.
It follows an index. Most broad share indices weight companies by market size, so the largest companies take the biggest share; the exact rules for BEAR's index are in the issuer's PDS. Its top 10 weighting of 1.4% compares with 33.2% for similar funds.
How well has Betashares Australian Equities BEAR Complex ETF performed?
Based on its category, Betashares Australian Equities BEAR Complex ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 4.9% over 1 year (median −5.5%; ranked 2 of 6), −5.9% a year over 3 years and −3.2% a year over 5 years. The medians and rankings compare it with Australian equity funds. Since listing in 2012 it has returned −7.7% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for BEAR; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 1.48% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.