BetaShares US Strong Bear Currency Hedged ETF (BBUS) $3.88

The BBUS ETF aims to inversely track the S&P 500 with a 2.2x leverage, while being currency hedged. Similar to the SNAS, this is a bearish-facing US ETF, which has slightly higher fees of 1.38%. Additionally, it focuses on the S&P 500, rather than tech stocks. Again, it’s essential to see the erosion over time of holding these bearish ETFs; the S&P is still below its high posted earlier in 2025, but the BBUS is ~6% below its level at the same time. Hence, we reiterate our view that these are relatively best used as short-term hedges/trades, not for more extended periods..

• We believe it’s too early to consider the BBUS, but again, it may be an option at some stage through 2025/6.