Betashares Gold Bullion 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 commodity funds would cost $219 (0.44% a year), so QAU is $82 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 · 1 securities · top 10 = 99.9%
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 18.9 | −0.3 | −12.1 | 0.2 | −1.2 | −11.9 | 2.4 | 8.5 | −5.7 | −3.8 | −8.4YTD | ||
| 2025 | 7.3 | 2.1 | 8.8 | 6.0 | −0.5 | −0.4 | 0.3 | 3.3 | 13.3 | 3.3 | 2.9 | 5.3 | 64.4 |
| 2024 | −1.7 | −0.1 | 7.7 | 5.6 | 0.8 | −0.8 | 3.6 | 3.7 | 5.6 | 4.7 | −4.7 | −2.1 | 23.7 |
| 2023 | 5.2 | −5.7 | 9.3 | −0.2 | −1.2 | −2.9 | 2.2 | −0.8 | −4.1 | 6.5 | 2.3 | 0.9 | 10.7 |
| 2022 | −1.9 | 7.0 | 0.2 | −1.1 | −3.1 | −2.4 | −2.7 | −2.5 | −4.3 | −0.9 | 6.2 | 3.3 | −2.9 |
| 2021 | −2.7 | −4.0 | −5.2 | 5.3 | 7.6 | −8.0 | 3.9 | −0.6 | −5.0 | 3.7 | −0.5 | 1.6 | −5.1 |
| 2020 | 3.1 | 4.4 | −2.7 | 5.5 | 0.5 | 2.3 | 11.7 | −0.7 | −4.3 | −0.9 | −5.4 | 6.5 | 20.1 |
| 2019 | 3.0 | −0.1 | −2.5 | −0.3 | 0.8 | 9.2 | 0.8 | 7.2 | −2.8 | 0.2 | −3.0 | 4.4 | 17.4 |
| 2018 | 3.3 | −1.7 | 0.4 | −0.4 | −1.5 | −4.2 | −2.2 | −1.3 | −1.5 | 2.0 | 0.6 | 3.8 | −3.0 |
| 2017 | 3.4 | 4.0 | −1.0 | 2.2 | −0.5 | −1.1 | 1.5 | 2.5 | −1.4 | −1.1 | 0.8 | 0.8 | 10.3 |
| 2016 | 5.5 | 9.8 | 0.3 | 4.1 | −5.3 | 8.8 | 1.3 | −1.7 | 0.9 | −3.5 | −7.1 | −2.4 | 9.5 |
| 2015 | 5.5 | −4.5 | −1.7 | 1.4 | −1.7 | −0.7 | −8.0 | 4.9 | −0.7 | 1.7 | −8.3 | 0.6 | −11.8 |
| 2014 | 3.4 | 7.2 | −1.9 | −0.2 | −2.7 | 4.8 | −1.9 | 0.0 | −5.6 | −1.4 | −0.9 | 1.3 | 1.3 |
| 2013 | 1.3 | −4.8 | 0.5 | −8.0 | −3.4 | −14.7 | 10.3 | 5.8 | −4.7 | −0.3 | −6.8 | −3.4 | −26.7 |
| 2012 | 11.2 | 3.3 | −7.1 | 0.3 | −6.1 | 1.3 | 3.4 | 2.0 | 8.0 | −3.6 | 1.0 | −3.9 | 8.4 |
| 2011 | −1.5 | 7.3 | 14.2 | −11.5 | 5.6 | 0.4 | −9.1 | 3.0 |
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.
QAU questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Betashares Gold Bullion ETF (Currency Hedged)?
Betashares Gold Bullion ETF (Currency Hedged) holds 1 securities.
Which ETFs does QAU double up with most?
No other ASX fund shares more than 10% of its holdings with QAU, but its returns move most closely with iShares Physical Gold ETF (GLDN) (correlation 0.88), Perth Mint Gold (PMGOLD) (correlation 0.88) and Global X Physical Gold (GOLD) (correlation 0.86). A correlation near 1 means the two funds tend to rise and fall together, so holding both adds little diversification.
How is Betashares Gold Bullion ETF (Currency Hedged) managed – active or passive?
Betashares Gold Bullion 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.
What will I pay in fees for QAU?
QAU charges a management fee of 0.59% a year, about $59 for every $10,000 invested. Only 31% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among commodity funds, the median is 0.42%.
Lower-cost funds with a similar focus include Global X Physical Gold (GOLD) at 0.40%, Perth Mint Gold (PMGOLD) at 0.15% and VanEck Gold Miners ETF (GDX) at 0.53%.
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 0.06% for QAU.
Does Betashares Gold Bullion ETF (Currency Hedged) follow a theme?
Yes. Betashares Gold Bullion ETF (Currency Hedged) focuses on gold. Thematic funds are narrower than the broad market, so they can rise or fall much more than it does.
Other ASX funds with a gold focus include Global X Physical Gold (GOLD), Perth Mint Gold (PMGOLD), VanEck Gold Miners ETF (GDX) and Global X Gold Bullion ETF (GXLD).
What is under the hood of QAU?
As at 2 Sept 2026, QAU's largest holding is London Gold Market Fixing Ltd Gold Bullion Gold Bullion (99.9%).
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings.
How well has Betashares Gold Bullion ETF (Currency Hedged) performed?
Based on its category, Betashares Gold Bullion ETF (Currency Hedged) aims to give exposure to commodity prices.
To 23 Oct 2026, with distributions reinvested, it returned −3.0% over 1 year (median −9.2%; ranked 4 of 10), 24.7% a year over 3 years (median 22.1% a year; ranked 2 of 7) and 15.2% a year over 5 years. The medians and rankings compare it with commodity funds. Since listing in 2011 it has returned 5.6% 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 QAU; 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 0.59% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.