Performance data is updated to 31 May 2026.
Global X USD Corporate Bond ETF (Currency Hedged) (USIG) — Review & Analysis
USIG provides AUD-hedged exposure to US dollar-denominated investment-grade corporate bonds — bonds issued by major US corporations like JPMorgan, Apple, Microsoft and ExxonMobil. The fund is currency-hedged, meaning Australian investors receive the bond returns without the USD/AUD currency overlay. Compare USIG across the fixed income cohort on our fixed income ETF page or use the Compare ETFs tool to evaluate against US10 and VBND.
The investment thesis is US corporate credit exposure with the currency risk stripped out. US investment-grade corporate bonds offer yields above US Treasuries — typically 50-150bp credit spread compensation. By holding USIG instead of US10 (Treasury futures, unhedged), investors get higher yield from credit risk while removing the AUD/USD movement that drives most of US10's short-term volatility.
USIG's closest peers are VBND (Vanguard global aggregate hedged, which includes US corporate credit within a broader global mix) and direct Australian credit funds like HBRD and SUBD. USIG is the cleanest single-ticker exposure to US investment-grade credit on the ASX without taking currency risk.
USIG is hedged for currency — that's the structural feature that distinguishes it from US10. Distributions reflect underlying US corporate bond coupons, paid in AUD terms after the hedge. Our hedged vs unhedged ETFs guide covers when hedged US credit makes sense in an Australian portfolio.
Performance (% return)
Investment Focus
Themes
Exposure Regions
Portfolio Breakdown
| Company Name | % assets |
|---|---|
| ABIBB 4.9 02/01/46 | 0.19% |
| CVS 5.05 03/25/48 | 0.17% |
| META 4 7/8 11/15/35 | 0.16% |
| TMUS 3 7/8 04/15/30 | 0.16% |
| META 5 5/8 11/15/55 | 0.15% |
| AMZN 4 7/8 03/13/36 | 0.14% |
| GS 6 3/4 10/01/37 | 0.14% |
| ABBV 3.2 11/21/29 | 0.14% |
| PFE 5.3 05/19/53 | 0.14% |
| PFE 4 3/4 05/19/33 | 0.13% |
| Sector | % assets |
|---|---|
| Financial | 31.15% |
| Consumer, Non-cyclical | 19.66% |
| Communications | 12.87% |
| Technology | 8.95% |
| Energy | 8.31% |
| Industrial | 5.9% |
| Consumer, Cyclical | 5.17% |
| Utilities | 4.69% |
| Basic Materials | 1.85% |
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Last updated: January 2026
