Global X US Treasury Bond 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 United States fixed income funds would cost $124 (0.25% a year), so USTB is $9 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 1 Sept 2026 · 301 securities · top 10 = 7.6%
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.4 | 1.9 | −1.9 | 0.0 | 0.1 | 0.8 | −0.9 | −0.1 | −1.8 | 1.9 | −0.6YTD | ||
| 2025 | 0.2 | 2.1 | 0.6 | 0.4 | −1.2 | 1.1 | −0.1 | 0.9 | 0.9 | 0.3 | 0.8 | −0.3 | 5.7 |
| 2024 | −1.0 | −1.5 | 0.9 | −2.1 | 0.3 | 1.6 | 1.5 | 1.9 | 0.9 | −2.8 | 0.4 | −1.2 | −1.1 |
| 2023 | 1.8 | −2.5 | 2.5 | 0.3 | −0.9 | −1.1 | −0.7 | −0.5 | −2.4 | −1.0 | 3.3 | 3.5 | 1.9 |
| 2022 | −1.6 | −4.5 | −0.6 | 1.9 | −0.1 | −4.9 |
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.
USTB questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Global X US Treasury Bond ETF (Currency Hedged)?
Global X US Treasury Bond ETF (Currency Hedged) holds 301 securities.
Which ETFs does USTB double up with most?
No other ASX fund shares more than 10% of its holdings with USTB, but its returns move most closely with Betashares U.S. Treasury Bond20+ Year ETF - Currency Hedged (GGOV) (correlation 0.86), Vanguard Global Aggregate Bond Index (Hedged) ETF (VBND) (correlation 0.81) and iShares Global Aggregate Bond ESG (AUD Hedged) ETF (AESG) (correlation 0.81). A correlation near 1 means the two funds tend to rise and fall together, so holding both adds little diversification.
How is Global X US Treasury Bond ETF (Currency Hedged) managed – active or passive?
Global X US Treasury Bond 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 USTB?
USTB charges a management fee of 0.19% a year, about $19 for every $10,000 invested. That is cheaper than 85% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among United States fixed income funds, the median is 0.22%.
Lower-cost funds with a similar focus include iShares U.S. Treasury Bond (AUD Hedged) ETF (IUSG) at 0.15% and iShares 20+ Year U.S. Treasury Bond (AUD Hedged) ETF (ULTB) at 0.15%.
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 0.20% for USTB.
Does Global X US Treasury Bond ETF (Currency Hedged) follow a theme?
No. Global X US Treasury Bond ETF (Currency Hedged) is a broad fixed income fund: it aims to cover a wide slice of its market (United States) rather than one theme or sector.
What is under the hood of USTB?
As at 1 Sept 2026, USTB's ten largest holdings are T 4 5/8 02/15/35 (0.8%), T 4 3/8 05/15/34 (0.8%), T 4 1/4 11/15/34 (0.8%), T 4 1/8 02/15/36 (0.8%), T 4 1/4 05/15/35 (0.8%), T 4 02/15/34 (0.8%), T 4 1/4 08/15/35 (0.8%), T 4 1/2 11/15/33 (0.7%), T 4 11/15/35 (0.7%) and T 3 7/8 08/15/34 (0.7%). Together they make up 7.6% of the fund.
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings.
How well has Global X US Treasury Bond ETF (Currency Hedged) performed?
Based on its category, Global X US Treasury Bond ETF (Currency Hedged) aims mainly to pay a regular income, with capital growth secondary.
To 23 Oct 2026, with distributions reinvested, it returned −1.0% over 1 year (median −3.6%; ranked 1 of 7) and 3.8% a year over 3 years (median 3.5% a year; ranked 1 of 6). The medians and rankings compare it with United States fixed income funds. Since listing in 2022 it has returned 0.3% 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 USTB; 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 0.19% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.