Betashares Geared US Equities Currency Hedged 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 equity funds would cost $456 (0.91% a year), so GGUS is $52 cheaper.
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 · 497 securities · top 10 = 39.4%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.2 | −2.0 | −17.2 | 27.9 | 13.8 | −4.0 | 0.6 | 5.7 | −0.4 | −1.3 | 19.9YTD | ||
| 2025 | 6.3 | −8.4 | −13.8 | −7.2 | 14.1 | 10.4 | 7.8 | 1.9 | 4.6 | 6.0 | −1.7 | 1.1 | 18.8 |
| 2024 | 5.0 | 7.0 | 6.6 | −6.1 | 3.7 | 11.6 | −1.6 | 4.3 | 3.9 | 1.7 | 8.4 | −4.8 | 45.6 |
| 2023 | 8.3 | −2.4 | 3.7 | 3.8 | 2.9 | 11.6 | 8.1 | −3.4 | −12.2 | −10.2 | 25.6 | 10.7 | 49.7 |
| 2022 | −17.6 | −7.7 | 17.0 | −15.5 | −6.6 | −22.9 | 20.3 | −5.3 | −23.0 | 16.1 | 3.0 | −6.9 | −47.2 |
| 2021 | −0.4 | 5.0 | 8.1 | 13.6 | 0.7 | 4.4 | 4.3 | 8.1 | −7.2 | 9.0 | 3.2 | 6.0 | 68.1 |
| 2020 | 5.1 | −28.0 | −26.6 | 30.3 | 5.5 | −0.1 | 16.0 | 17.3 | −14.7 | −2.2 | 27.0 | 6.8 | 17.4 |
| 2019 | 19.0 | 8.5 | 2.2 | 8.8 | −12.8 | 13.1 | 6.4 | −6.4 | 3.2 | 5.1 | 6.7 | 4.6 | 70.5 |
| 2018 | 11.0 | −7.0 | −12.7 | 7.3 | 3.9 | 0.0 | 7.2 | 8.8 | 1.9 | −20.6 | 4.3 | −20.3 | −21.1 |
| 2017 | 2.0 | 9.2 | −0.4 | 1.9 | 2.3 | 0.4 | 4.1 | −0.8 | 4.2 | 5.7 | 4.5 | 5.0 | 45.1 |
| 2016 | −18.2 | 6.9 | 12.7 | 1.9 | 3.8 | −4.3 | 11.3 | 0.6 | −2.2 | −2.1 | 7.7 | 5.2 | 21.3 |
| 2015 | −10.0 | 27.3 | −1.3 | −1.6 | 11.3 |
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.
GGUS questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Betashares Geared US Equities Currency Hedged Complex ETF?
Betashares Geared US Equities Currency Hedged Complex ETF holds 497 securities, and its ten largest positions make up 39.4% of the fund, more concentrated than the 25.7% typical of equity funds. That makes it moderately diversified.
Its country exposure is almost entirely United States (100.0%), and its biggest sector is Information Technology at 36.1%, based on holdings as at 2 Sept 2026.
Which ETFs does GGUS double up with most?
GGUS shares the most holdings with Vanguard S&P 500 US Shares Index ETF (V500) (98% overlap), iShares S&P 500 ETF (IVV) (98% overlap) and iShares S&P 500 AUD Hedged ETF (IHVV) (98% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 98%, owning both GGUS and V500 would mostly double up on the same investments rather than spread your money further. Of these, IVV has the lowest fee, at 0.04% a year against 0.80% for GGUS.
How is Betashares Geared US Equities Currency Hedged Complex ETF managed – active or passive?
Betashares Geared US Equities Currency Hedged 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 GGUS?
GGUS charges a management fee of 0.80% a year, about $80 for every $10,000 invested. Only 18% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among equity funds, the median is 0.89%.
Lower-cost funds with a similar focus include Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ) at 0.50%.
If you would rather have a manager choose the investments, active options such as Betashares US Equities Strong Bear Currency Hedged Complex ETF (BBUS) at 1.32% cost more.
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 0.05% for GGUS.
Does Betashares Geared US Equities Currency Hedged Complex ETF follow a theme?
No. Betashares Geared US Equities Currency Hedged Complex ETF is a broad equity fund: it aims to cover a wide slice of its market (United States) rather than one theme or sector. Its largest sector, Information Technology, is 36.1% of the fund.
What is under the hood of GGUS?
As at 2 Sept 2026, GGUS's largest holding is Ishares Core S&p 500 ETF (204.1%). Some holdings are other ETFs, which we look through to their own holdings when measuring exposure and overlap.
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 GGUS's index are in the issuer's PDS. Its top 10 weighting of 39.4% compares with 25.7% for similar funds.
How well has Betashares Geared US Equities Currency Hedged Complex ETF performed?
Based on its category, Betashares Geared US Equities Currency Hedged Complex ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 25.1% over 1 year (median 1.4%; ranked 1 of 13), 39.7% a year over 3 years (median −12.3% a year; ranked 2 of 7) and 12.7% a year over 5 years (median −8.0% a year; ranked 1 of 7). The medians and rankings compare it with equity funds. Since listing in 2015 it has returned 19.1% 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 GGUS; 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 0.80% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.