Betashares Inflation-Protected U.S. Treasury Bond 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 fixed income funds would cost $117 (0.23% a year), so UTIP is $7 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 · 2 securities · top 10 = 99.9%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.3 | 1.4 | −1.4 | 0.9 | 0.4 | 0.0 | −0.9 | 0.2 | −2.8 | 1.9 | −0.1YTD | ||
| 2025 | 1.0 | 2.0 | 0.8 | 0.1 | −0.8 | 1.1 | 0.6 | 1.3 | 0.1 | 0.2 | 0.3 | −0.6 | 6.1 |
| 2024 | −0.4 | −1.1 | 0.7 | −1.1 | 0.7 | 1.4 | 0.8 | 1.6 | 1.1 | −2.0 | 0.2 | −1.6 | 0.2 |
| 2023 | −0.8 | 2.5 | 2.4 | 4.1 |
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.
UTIP questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Betashares Inflation-Protected U.S. Treasury Bond Currency Hedged ETF?
Betashares Inflation-Protected U.S. Treasury Bond Currency Hedged ETF holds 2 securities.
Its country exposure is almost entirely United States (100.0%), based on holdings as at 2 Sept 2026.
Which ETFs does UTIP double up with most?
No other ASX fund shares more than 10% of its holdings with UTIP, but its returns move most closely with Betashares U.S. Treasury Bond 7-10 Year Currency Hedged ETF (US10) (correlation 0.70). A correlation near 1 means the two funds tend to rise and fall together, so holding both adds little diversification.
How is Betashares Inflation-Protected U.S. Treasury Bond Currency Hedged ETF managed – active or passive?
Betashares Inflation-Protected U.S. Treasury Bond 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.
What will I pay in fees for UTIP?
UTIP charges a management fee of 0.22% a year, about $22 for every $10,000 invested. That is cheaper than 79% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among United States fixed income funds, the median is 0.21%.
Lower-cost funds with a similar focus include Global X US Treasury Bond ETF (Currency Hedged) (USTB) at 0.19%, 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 0.14% for UTIP.
Does Betashares Inflation-Protected U.S. Treasury Bond Currency Hedged ETF follow a theme?
No. Betashares Inflation-Protected U.S. Treasury Bond Currency Hedged ETF 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 UTIP?
As at 2 Sept 2026, UTIP's ten largest holdings are United States Treasury Inflation Indexed Bonds 1.875% Jul-35 (4.0%), United States Treasury Inflation Indexed Bonds 2.125% Jan-35 (4.0%), United States Treasury Inflation Indexed Bonds 1.875% Jan-36 (4.0%), United States Treasury Inflation Indexed Bonds 1.875% Jul-34 (3.7%), United States Treasury Inflation Indexed Bonds 1.75% Jan-34 (3.6%), United States Treasury Inflation Indexed Bonds 1.125% Oct-30 (3.4%), United States Treasury Inflation Indexed Bonds 1.25% Apr-31 (3.4%), United States Treasury Inflation Indexed Bonds 1.625% Apr-30 (3.4%), United States Treasury Inflation Indexed Bonds 1.125% Jan-33 (3.3%) and United States Treasury Inflation Indexed Bonds 1.375% Jul-33 (3.3%). Together they make up 36.1% of the fund.
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings.
How well has Betashares Inflation-Protected U.S. Treasury Bond Currency Hedged ETF performed?
Based on its category, Betashares Inflation-Protected U.S. Treasury Bond Currency Hedged ETF aims mainly to pay a regular income, with capital growth secondary.
To 23 Oct 2026, with distributions reinvested, it returned −1.2% over 1 year (median −3.6%; ranked 3 of 7) and 3.8% a year over 3 years (median 3.5% a year; ranked 2 of 6). The medians and rankings compare it with United States fixed income funds. Since listing in 2023 it has returned 2.9% 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 UTIP; 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 0.22% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.