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Geared

Geared Short US Treasury Bond Currency Hedged Complex ETF

About this ETF

Betashares Geared Short US Treasury Bond Currency Hedged Complex ETF provides a simple way to generate magnified returns that are negatively correlated to 10-year US Treasury Bonds on a given day, hedged for currency exposure.

IssuerBetaShares
Management fee (MER)0.99% p.a.
Inception date4 Dec 2023

Scout Score

47/100
Ranked #11 of 14 in Geared

An independent score calculated by ETF Scout across 7 real-data factors (cost, diversification, tracking, liquidity, fund strength, performance, income), ranked against other funds in the same category.

Cost46
Diversification67
Tracking42
Liquidity4
Fund Strength30
Performance100
Income77

Strengths

  • Strong long-term return — +26.1% p.a. (blended), beats 100% of rated Geared peers.
  • Attractive yield — 0.00%, higher than 77% of Geared peers.

Weaknesses

  • Lower liquidity — 0.28% bid/ask spread, wider than 96% of Geared peers.
  • Small fund — $3M in assets, smaller than 70% of Geared funds, which can mean wider spreads.
⚠ Geared fund — higher risk

This is a geared (leveraged) fund. It borrows to amplify returns from its underlying exposure — gains and losses are both magnified compared to an unleveraged fund, and losses can compound quickly in falling or volatile markets. Not suitable for a typical long-term buy-and-hold portfolio without understanding this risk.

Performance (as of 30 Oct 2026)

Total returns, net of fees. Periods longer than 1 year are annualised.

1 Month-7.37%
3 Months+3.65%
YTD+14.46%
1 Year+17.70%

Price history

Cumulative return over the selected period, indexed to 0% at the start of the range.

-21%-10%+0%+11%+22%2023-122024-082025-052026-022026-11

Top holdings (as of 4 Nov 2026)

The fund's largest individual holdings, ranked by portfolio weight.

  1. 1.AUD - Australia Dollar105.67%
  2. 2.USD - United States Dollar-5.67%