Betashares S&P 500 Equal Weight Currency Hedged 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 United States equity funds would cost $191 (0.38% a year), so HQUS is $19 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 · 498 securities · top 10 = 3.2%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.2 | 3.1 | −7.4 | 5.6 | 4.2 | 2.3 | 2.0 | 1.8 | −4.3 | 3.6 | 13.0YTD | ||
| 2025 | 4.2 | −2.3 | −3.8 | −1.5 | 4.5 | 3.3 | 2.0 | 1.6 | 0.5 | −1.1 | 1.7 | 1.9 | 11.2 |
| 2024 | 2.0 | 2.7 | −0.5 | 4.9 | −6.5 | 2.2 |
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.
HQUS questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Betashares S&P 500 Equal Weight Currency Hedged ETF?
Betashares S&P 500 Equal Weight Currency Hedged ETF holds 498 securities, and its ten largest positions make up 3.2% of the fund, more spread out than the 37.6% typical of United States equity funds. That makes it widely diversified.
Its country exposure is almost entirely United States (100.0%), and its biggest sector is Financials at 15.8%, based on holdings as at 2 Sept 2026.
Which ETFs does HQUS double up with most?
HQUS shares the most holdings with Betashares S&P 500 Equal Weight ETF (QUS) (100% overlap), Betashares Geared US Equities Currency Hedged Complex ETF (GGUS) (44% overlap) and Global X S&P 500 Covered Call ETF (UYLD) (44% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 100%, owning both HQUS and QUS would mostly double up on the same investments rather than spread your money further. Of these, QUS has the lowest fee, at 0.29% a year against 0.32% for HQUS.
How is Betashares S&P 500 Equal Weight Currency Hedged ETF managed – active or passive?
Betashares S&P 500 Equal Weight Currency Hedged ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks. Its index uses an equal-weight approach, so it is sometimes called "smart beta".
Among United States equity funds, active funds charge a median 0.43% a year and index funds 0.29%.
What will I pay in fees for HQUS?
HQUS charges a management fee of 0.32% a year, about $32 for every $10,000 invested. That is cheaper than 65% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among United States equity funds, the median is 0.35%.
Lower-cost funds with a similar focus include Betashares S&P 500 Equal Weight ETF (QUS) at 0.29%.
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 0.13% for HQUS.
Does Betashares S&P 500 Equal Weight Currency Hedged ETF follow a theme?
Not a theme as such, but it follows an equal-weight investment style: it gives each company roughly the same weight, so smaller companies count as much as the largest.
Other ASX funds using an equal-weight approach include VanEck Australian Equal Weight ETF (MVW), Betashares S&P 500 Equal Weight ETF (QUS), VanEck Geared Australian Equal Weight Complex ETF (GMVW) and Betashares NASDAQ 100 Equal Weight ETF (QNDQ).
What is under the hood of HQUS?
As at 2 Sept 2026, HQUS's ten largest holdings are Moderna Inc (0.6%), Veeva Systems Inc (0.3%), Zebra Technologies Corp (0.3%), Charles River Laboratories Int (0.3%), Doordash Inc (0.3%), Marathon Petroleum Corp (0.3%), Salesforce Inc (0.3%), Global Payments Inc (0.3%), Workday Inc (0.3%) and Iqvia Holdings Inc (0.3%). Together they make up 3.2% of the fund.
Rather than simply weighting companies by market size, its index gives each company roughly the same weight, so smaller companies count as much as the largest.
How well has Betashares S&P 500 Equal Weight Currency Hedged ETF performed?
Based on its category, Betashares S&P 500 Equal Weight Currency Hedged ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 15.3% over 1 year (median 6.6%; ranked 2 of 27). The medians and rankings compare it with United States equity funds. Since listing in 2024 it has returned 12.5% 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 HQUS; 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 0.32% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.