Performance data is updated to 31 May 2026.
BetaShares Nasdaq 100 Currency Hedged ETF (HNDQ) — Review & Analysis
HNDQ is the currency-hedged version of NDQ — same Nasdaq 100 exposure with the AUD/USD effect neutralised. AUM is $973.24 million as at May 2026 with a 0.51% p.a. management fee — just 3bp above unhedged NDQ (0.48%). Compare HNDQ across the tech cohort on our tech ETF page or use the Compare ETFs tool to put HNDQ vs NDQ side-by-side.
The HNDQ vs NDQ decision is the cleanest hedged-vs-unhedged comparison in the Australian tech ETF space. Same underlying index, same Betashares issuer, same 100 stocks (Apple, Microsoft, Nvidia, Amazon, Meta, Google, Tesla and more). The only meaningful difference is the FX overlay — HNDQ strips out the AUD/USD move while NDQ keeps it.
When the AUD strengthens against the USD, HNDQ outperforms; when the AUD weakens, NDQ outperforms because the unhedged USD exposure adds to returns. The 3bp fee differential is extremely tight — Betashares is offering the hedge at near-cost, which is why HNDQ has grown to nearly $1B in AUM. The currency-hedged Global X equivalent is FHNG on the FANG+ index rather than Nasdaq 100.
HNDQ pays semi-annual distributions. The fund is right for investors who specifically want pure Nasdaq 100 equity returns without the FX overlay — typically retirees or those running formal currency management. Our hedged vs unhedged ETFs guide covers the HNDQ vs NDQ trade-off and the broader hedging framework.
Performance (% return)
Investment Focus
Themes
Exposure Regions
Portfolio Breakdown
| Company Name | % assets |
|---|---|
| NVIDIA CORP | 8.40% |
| APPLE INC | 7.20% |
| MICROSOFT CORP | 5.00% |
| MICRON TECHNOLOGY INC | 4.90% |
| AMAZON.COM INC | 4.30% |
| ADVANCED MICRO DEVICES INC | 3.70% |
| ALPHABET INC | 3.40% |
| TESLA INC | 3.30% |
| ALPHABET INC | 3.20% |
| BROADCOM INC | 3.10% |
| Sector | % assets |
|---|---|
| Information Technology | 52.9% |
| Communication Services | 16% |
| Consumer Discretionary | 13.4% |
| Health Care | 5.4% |
| Consumer Staples | 4.6% |
| Industrials | 4.4% |
| Utilities | 1.4% |
| Materials | 1.1% |
| Energy | 0.5% |
| Financials | 0.3% |
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Similar ETFs
| Stock | Name | 1 Year % |
|---|---|---|
| BEST | ETFS US Quality ETF | +15.75% |
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Last updated: January 2026
