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Fund size
$115.6M
NOV 2026
Total cost ratio
1.29%
per year
Distributions
Annually
Since inception
11.6 yrs
APR 2015
The Responsible Entity anticipates that the Fund’s short exposure to the S&P/ASX 200 Index will generally vary between -200% and - 275% of the Fund’s Net Asset Value on a given day.
US equity 0.00%Non-US equity 0.00%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 0.00 | 0.00 | — |
| Bond | 3.27 | 3.27 | — |
| Cash | 96.73 | 96.73 | — |
| Other | 0.00 | 0.00 | — |
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Betashares Australian Cash Plus Actv ETF MMKT | 17.73 | — | 29.1M | AUD | 579,968 | — | Australia | |
| Cash | 82.27 | — | 135.1M | — | — | — | — |
Fund (NAV) Market price
1M
-1.2
3M
3.1
6M
-7.5
YTD
-0.9
1Y
6.2
3Y
-16.1
5Y
-14.5
10Y
-21.5
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -1.19 | -0.80 | -1.08 | — |
| 3 months | 3.05 | 2.49 | 3.38 | — |
| 6 months | -7.52 | -7.40 | -6.91 | — |
| Year to date | -0.87 | -0.39 | 0.24 | — |
| 1 year | 6.23 | 6.26 | 7.67 | — |
| 3 years p.a. | -16.14 | -16.18 | -14.99 | — |
| 5 years p.a. | -14.47 | -14.49 | -13.30 | — |
| 10 years p.a. | -21.50 | -21.50 | -20.42 | — |
Returns to 31 OCT 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Total Capital
2016
-24.8
2017
-21.4
2018
10.9
2019
-41.4
2020
-35.6
2021
-32.8
2022
-9.3
2023
-17.2
2024
-11.9
2025
-15.3
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | -15.30 | -16.06 | — |
| 2024 | -11.90 | -11.46 | — |
| 2023 | -17.19 | -19.62 | — |
| 2022 | -9.27 | -10.88 | — |
| 2021 | -32.77 | -32.84 | — |
| 2020 | -35.58 | -35.93 | — |
| 2019 | -41.43 | -40.78 | — |
| 2018 | 10.88 | 10.21 | — |
| 2017 | -21.39 | -20.18 | — |
| 2016 | -24.75 | -26.12 | — |
FY17
-27.5
FY18
-23.4
FY19
-23.3
FY20
-17.2
FY21
-47.3
FY22
8.0
FY23
-28.0
FY24
-15.8
FY25
-20.4
FY26
-8.2
| Financial year | Total % |
|---|---|
| Financial year to date | -1.09 |
| Year to 30 JUN 2026 | -8.18 |
| Year to 30 JUN 2025 | -20.45 |
| Year to 30 JUN 2024 | -15.85 |
| Year to 30 JUN 2023 | -27.98 |
| Year to 30 JUN 2022 | 8.00 |
| Year to 30 JUN 2021 | -47.35 |
| Year to 30 JUN 2020 | -17.19 |
| Year to 30 JUN 2019 | -23.25 |
| Year to 30 JUN 2018 | -23.41 |
| Year to 30 JUN 2017 | -27.48 |
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -113.91 | -26.00 | -26.82 | -31.61 |
| Beta | -516.67 | -32.79 | -62.27 | -66.09 |
| R-squared | 18.82 | 0.27 | 2.27 | 1.53 |
| Standard deviation | 20.24 | 22.03 | 24.76 | 26.71 |
| Sharpe ratio | -0.16 | -0.92 | -0.51 | -0.75 |
| Sortino ratio | -0.38 | -1.11 | -0.73 | -0.99 |
| Tracking error | 25.66 | 25.25 | 29.73 | 29.73 |
| Information ratio | -0.22 | -0.95 | -0.55 | -0.77 |
| Upside capture % | -29.14 | -519.50 | -351.41 | -729.34 |
| Downside capture % | — | — | 59,880.70 | 107,305.63 |
| Maximum drawdown % | -14.54 | -48.91 | -57.07 | — |
Measured against Morningstar AUD 1M Cash GR AUD with RBA Bank accepted Bills 90 Days as the risk-free rate, to 31 OCT 2026. Maximum drawdown is on gross returns at the latest quarter end.
Risk score
147.7
Morningstar Portfolio Risk Score at 30 SEP 2026.
2021
1.3
| Year | Per unit ($) |
|---|---|
| 2021 | 1.2991 |
| Ex Date | Per unit ($) |
|---|---|
| 1 JUL 2022 | 1.2991 |
| 1 JUL 2015 | 24.1389 |
3.73% of assets are in companies with high or severe controversies.
Carbon risk score
8.96
Category average 11.19
Announcements
No announcements stored for this company yet.
The objective of the BBOZ ETFs is to allow investors to profit from a declining ASX200 with 2 -2.75x leverage. Again, like most bearish ETFs, it's relatively expensive, costing 1.38% pa. It’s also important to be quick to exit if it goes against us, due to the structure of the product.
The objective of the BEAR ETF is to allow investors to profit from a declining ASX200 with no leverage. However, like most bearish ETFs, it's relatively expensive, costing 1.38% pa.
The BBOZ is akin to getting the One-Wood out on the golf course with its leverage of around 2x leading to significant moves in opposite directions to the ASX200. This time, when the ASX200 corrected by almost 17%, the BBOZ ETF spiked up over 45%, a great return for those who exited early on the market's nadir.
At some stage in 2022 I’m sure MM will be looking to take a neutral / bearish stance towards the ASX with ETF’s the perfect vehicle to play this view. The BBOZ is our preferred ETF:
When we feel its time to become more defensive one excellent / simple option for MM is to buy the BBOZ bearish ETF, this position is currently leveraged ~2.5x hence a 8% position hedges 20% of our portfolio assuming we are fully committed to stocks.
MM is neutral towards the BBOZ ETF in the short term
MM is neutral/bearish on the BBOZ around $23.46
MM anticipates buying the BBOZ at some stage in 2022
MM is looking to buy the BBOZ under 5.50 with an initial target ~8.
MM is not buying the BBOZ yet
BetaShares Australian Equities Strong Bear Hedge Fund is an exchange-traded fund incorporated in Australia. The Fund's objective is to help investors profit from, or protect against, a declining Australian share market by seeking to generate magnified returns that are negatively correlated to the returns of the Australian share market (as measured by the S&P/ASX 200 index).
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