Betashares US Eqy Strong Bear Ccy H Complex ETF (BBUS) Review & Analysis

MER · #509 of 514AUM · #265 of 5081Y Return · #416 of 4263Y Return · #299 of 3005Y Return · #224 of 225

What's new this monthData to 30 September 2026

+0.9% in September (total return), ahead of the median international shares ETF at +0.0%.
Investors added a net $16m (14.1% of the fund).
The unit price closed the month at $22.45, 35% below its 12-month high (range $2.76 to $34.35).

About BBUS

BBUS is an international shares ETF from Betashares, listed on the ASX since August 2015. With $127m under management it is number 133 of 254 international shares ETFs by size. The management fee is 1.38% a year, about $138 on every $10,000 invested, dearer than the typical international shares ETF at 0.55%.

Over five years it has returned −19.7% a year including distributions, against +8.8% for the median international shares ETF.

BBUS distributions and dividend dates

The latest distribution was $1.1254 per unit (0% franked), ex-distribution on 1 July 2022 and paid on 18 July 2022. To receive it you need to own BBUS before the ex-date.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare BBUS Check overlap Betashares website ↗

Compare BBUS with

BBUSvsVTS

Vanguard US Total Market Shares Index ETF

Fee	1.38%	0.03%
1 year	−25.7%	+9.8%
5 yrs p.a.	−19.7%	+12.4%
Size	$127m	$7.3bn

Same holdingsNo holdings data

Full comparison →

BBUSvsVEU

Vanguard All-World ex US Shares Index ETF

Fee	1.38%	0.07%
1 year	−25.7%	+14.0%
5 yrs p.a.	−19.7%	+9.2%
Size	$127m	$6.5bn

Same holdingsNo holdings data

Full comparison →

BBUSvsGGUS

Betashares Geared US Equities Currency Hedged Complex ETF

Fee	1.38%	0.80%
1 year	−25.7%	+28.1%
5 yrs p.a.	−19.7%	+13.6%
Size	$127m	$454m

Same holdingsNo holdings data

Full comparison →

BBUSvsV500

Vanguard S&P 500 US Shares Index ETF

Fee	1.38%	0.07%
1 year	−25.7%	–
5 yrs p.a.	−19.7%	–
Size	$127m	$183m

Same holdingsNo holdings data

Full comparison →

BBUS price by TradingView

Stock Code	BBUS
Fund Manager	Betashares
Asset Class	International shares
AUM	$127m
MER (%)	1.38%
Net flows (Sep)	+$16m
Last Price	$22.45
52-Week Range	$2.76 – $34.35
Bid/Ask Spread	0.07%
Listing Date	26/08/2015
Exchange	ASX
Benchmark index	S&P 500 Index
Issuer website	Betashares ↗

Performance (% return)

1 month+0.9%

1 year−25.7%

3 years p.a.−36.3%

5 years p.a.−19.7%

$10,000 invested…

1 year ago$7,4343 years ago$2,5805 years ago$3,337

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

BBUS at a glance: strengths and things to watch

👍 Strengths

Money is flowing in. Investors added a net $16m in September (12% of the fund).
Cheap to trade. A bid/ask spread of 0.07%, so buying and selling costs little extra.
Long track record. Listed since 2015, through several market cycles.
In an uptrend. Its price has been trending up since 6 November (as at 7 November).

⚠️ Things to watch

Higher fee. At 1.38% a year it costs more than 99% of international shares ETFs (median 0.55%), or about $83 a year more on every $10,000.
Behind its peers. −19.7% a year over 5 years, against +8.8% for the median international shares ETF.
Geared. It uses borrowing to magnify gains and losses. Over time, choppy markets can wear the value down, so it suits experienced, short-term investors.
Moves against the market. It is designed to rise when the market falls, and is usually held for short periods only.

Worked out from BBUS's fees, size, flows, returns and trend against the 257 international shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Uptrend since 6 Nov 2026

BBUS is in an uptrend. Here's why that matters.

BBUS's price is above its 20-day average and its 10, 20, 50 and 200-day averages are stacked upward. The trend is on investors' side.

Why it matters: Uptrends are when satellite ETFs tend to do their best work. The key is knowing when the trend breaks, so gains aren't handed back.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Get the weekly trend updates: try it free for 30 days How base and trend works →See every ETF's stage →Visit etfadviser.com.au →

Why no chart? This ETF does not have a reliable 12-month price history yet.

Investment Focus

Exposure Regions

Themes & Sectors

Short & inverse Currency hedged Active ETFs

Portfolio Breakdown

Sector breakdown

Short US Equities ~200% to 275%100.0%

Holdings from the issuer's published portfolio. Compare BBUS's holdings with other ETFs →

Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
VTS	Vanguard US Total Market Shares Index ETF	–	0.03%	$7.3bn	+9.8%	+18.8%	+12.4%
VEU	Vanguard All-World ex US Shares Index ETF	–	0.07%	$6.5bn	+14.0%	+16.5%	+9.2%
GGUS	Betashares Geared US Equities Currency Hedged Complex ETF Geared	–	0.80%	$454m	+28.1%	+37.6%	+13.6%
V500	Vanguard S&P 500 US Shares Index ETF	–	0.07%	$183m	–	–	–
EXUS	Betashares Global Shares Ex Us ETF	–	0.14%	$158m	–	–	–
JPEQ	JPMorgan US 100Q Equity Premium Income Active ETF Covered call	–	0.40%	$111m	+10.7%	+14.8%	–

Same holdings is the share of BBUS's money in companies the other ETF also holds, weighted by size. No other ETF shares much with BBUS, so these are ETFs in the same category. See every ETF like BBUS →

Which ETFs to hold long term, and which need timing

We compared 12 core ETFs with 25 thematic and sector ETFs using September 2026 data. Core funds cluster tightly; themes swing wildly. Here is how to treat each.

11 November 2026

BBUS FAQs

What is the fee for BBUS?

BBUS charges a management fee (MER) of 1.38% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is BBUS?

BBUS had $127m in funds under management as at 30 September 2026.

How has BBUS performed?

BBUS returned −25.7% over the year to 30 September 2026 (total return, including distributions). Over three years it returned −36.3% a year. Past performance is not a reliable indicator of future performance.

Who manages BBUS?

BBUS is managed by Betashares and has been listed since August 2015.

Is BBUS franked?

Generally no. BBUS invests outside Australia, so its distributions carry little or no franking credits. Franking comes from Australian companies that have paid tax here.

Is BBUS currency hedged?

No, BBUS is unhedged. Its returns move with the Australian dollar: a falling dollar adds to returns and a rising dollar reduces them.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the Betashares product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.

Betashares US Eqy Strong Bear Ccy H Complex ETF (BBUS) Review & Analysis

About BBUS

BBUS distributions and dividend dates

Compare BBUS with

Performance (% return)

$10,000 invested…

BBUS at a glance: strengths and things to watch

👍 Strengths

⚠️ Things to watch

BBUS is in an uptrend. Here's why that matters.

Investment Focus

Portfolio Breakdown

Sector breakdown

Similar ETFs

Related Reads

Which ETFs to hold long term, and which need timing

BBUS FAQs

Disclaimer