Betashares Global Banks ETF - Currency Hedged
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 Global ex-Australia equity funds would cost $297 (0.59% a year), so BNKS is $3 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 · 60 securities · top 10 = 47.4%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.9 | 1.8 | −9.0 | 8.1 | 3.5 | 8.2 | 6.2 | 0.1 | −1.4 | −5.0 | 13.9YTD | ||
| 2025 | 8.4 | 0.5 | −2.6 | −0.9 | 7.5 | 3.8 | 3.9 | 3.8 | 3.6 | 0.5 | 4.0 | 6.9 | 46.5 |
| 2024 | 1.8 | 1.9 | 6.5 | 1.8 | 2.7 | −0.7 | 6.7 | −2.0 | 0.5 | 4.5 | 6.4 | −1.5 | 32.0 |
| 2023 | 8.4 | 0.8 | −11.5 | 2.2 | −2.4 | 4.3 | 6.0 | −5.0 | 0.2 | −5.1 | 8.7 | 6.9 | 12.0 |
| 2022 | 5.8 | −5.1 | 1.0 | −7.2 | 1.9 | −9.9 | 1.2 | 0.7 | −6.4 | 7.0 | 5.6 | −2.4 | −9.1 |
| 2021 | −0.3 | 12.5 | 5.6 | 3.6 | 4.8 | −4.0 | −1.8 | 3.1 | 2.0 | 4.1 | −4.7 | 1.2 | 27.9 |
| 2020 | −4.7 | −10.2 | −23.9 | 5.6 | −0.8 | −0.4 | −1.3 | 5.6 | −10.0 | 0.7 | 23.3 | 1.3 | −19.9 |
| 2019 | 8.9 | 1.4 | −4.5 | 7.6 | −7.3 | 2.9 | 1.7 | −7.2 | 7.3 | 3.7 | 1.8 | 2.9 | 19.1 |
| 2018 | 6.5 | −2.8 | −6.7 | 3.0 | −4.3 | −3.1 | 6.9 | −2.4 | 0.0 | −7.0 | 2.3 | −9.8 | −17.4 |
| 2017 | 1.6 | 3.1 | 0.0 | 0.0 | −0.1 | 3.7 | 0.8 | −1.0 | 4.2 | 2.8 | 0.5 | 2.0 | 19.0 |
| 2016 | 7.6 | −2.3 | 6.6 | 8.0 | 6.5 | 28.9 |
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.
BNKS questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Betashares Global Banks ETF - Currency Hedged?
Betashares Global Banks ETF - Currency Hedged holds 60 securities, and its ten largest positions make up 47.4% of the fund, more concentrated than the 35.9% typical of Global ex-Australia equity funds. That makes it moderately diversified.
Its largest country exposure is United States at 26.5%, and its biggest sector is Financials at 100.0%, based on holdings as at 2 Sept 2026.
Which ETFs does BNKS double up with most?
BNKS shares the most holdings with Betashares Global Momentum ETF (GTUM) (16% overlap), Global X EURO STOXX 50 ETF (ESTX) (15% overlap) and Betashares Global Shares EX US ETF (EXUS) (15% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
None of these overlaps is above half, so pairing BNKS with one of them adds some genuinely different holdings.
How is Betashares Global Banks ETF - Currency Hedged managed – active or passive?
Betashares Global Banks ETF - Currency Hedged is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among Global ex-Australia equity funds, active funds charge a median 0.75% a year and index funds 0.45%.
What will I pay in fees for BNKS?
BNKS charges a management fee of 0.57% a year, about $57 for every $10,000 invested. Only 34% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among Global ex-Australia equity funds, the median is 0.55%.
Lower-cost funds with a similar focus include Betashares Australian Bank Senior Floating Rate Bond ETF (QPON) at 0.22%, Australian Major Bank Subordinated Debt ETF (BSUB) at 0.29% and Betashares Australian Major Bank Hybrids Index ETF (BHYB) 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 0.15% for BNKS.
Does Betashares Global Banks ETF - Currency Hedged follow a theme?
Yes. Betashares Global Banks ETF - Currency Hedged focuses on banks, and its largest sector is Financials at 100.0% of the fund. Thematic funds are narrower than the broad market, so they can rise or fall much more than it does.
Other ASX funds with a banks focus include Betashares Australian Bank Senior Floating Rate Bond ETF (QPON), Australian Major Bank Subordinated Debt ETF (BSUB), Betashares Australian Major Bank Hybrids Index ETF (BHYB) and VanEck Australian Banks ETF (MVB).
What is under the hood of BNKS?
As at 2 Sept 2026, BNKS's ten largest holdings are Jpmorgan Chase & Co (8.3%), Bank of America Corp (6.7%), Hsbc Holdings PLC (5.1%), Royal Bank of Canada (5.0%), Mitsubishi Ufj Financial Group (4.8%), Wells Fargo & Co (4.0%), Citigroup Inc (3.5%), Toronto-Dominion Bank/the (3.5%), Banco Santander SA (3.5%) and Sumitomo Mitsui Financial Grou (2.9%). Together they make up 47.4% of the fund.
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings. Its top 10 weighting of 47.4% compares with 35.9% for Global ex-Australia equity funds.
How well has Betashares Global Banks ETF - Currency Hedged performed?
Based on its category, Betashares Global Banks ETF - Currency Hedged aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 30.3% over 1 year (median 6.3%; ranked 6 of 121), 36.1% a year over 3 years (median 16.5% a year; ranked 3 of 82) and 16.7% a year over 5 years (median 9.2% a year; ranked 6 of 66). The medians and rankings compare it with Global ex-Australia equity funds. Since listing in 2016 it has returned 13.0% 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 BNKS; 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 0.57% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.