Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
Last (Price)
6.55
Change
▼ -0.04 (-0.61)
Bid / Ask
6.54 - 6.56
Volume
11,546
Turnover
75,424
Open
6.53
Day Range
6.52 - 6.55
VWAP
6.53
Prev Close
6.59
Last Trade
01/11 12:33pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$15.2M
OCT 2026
Total cost ratio
1.38%
per year
Distributions
Annually
Since inception
9.9 yrs
NOV 2016
Legal name
Betashares Strong Australian Dollar Complex ETF
Issuer
BetaShares Capital Ltd
Type
Exchange-Traded Fund
Structure
Open Ended Investment Company
Management style
Actively managed
Morningstar category
Alternative - Other
Category index
Morningstar AUD 1M Cash GR AUD
Benchmark
N/A
ETF net assets
$15.2M
Units on issue
3.3M
Management fee
1.19% p.a.
Domicile
Australia
Base currency
AUD
ISIN
AU00000AUDS2
Inception
28 NOV 2016
Listed
24 JAN 2017
Objective and strategy
The Fund provides investors with a simple way to obtain cost-effective geared exposure to the change in value of the Australian Dollar relative to the U.S. Dollar (i.e. it aims to provide a magnified “long” exposure to the value of the Australian Dollar relative to the U.S. Dollar).
Asset allocation · 30 SEP 2026
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 0.00%Non-US equity 0.00%
Asset class
Net %
Long %
Short %
Equity
0.00
0.00
—
Bond
0.00
0.00
—
Cash
100.00
100.00
—
Other
0.00
0.00
—
Portfolio statistics · 31 MAR 2022
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
Dividend yield
0.00%
Top holdings · top 10 = 100.00% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
Holding
% Weight
First bought
Market value
Currency
Units held
Sector
Country
Cash
100.00
—
20.5M
—
—
—
—
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV)Market price
1M
-9.3
3M
2.8
6M
6.1
YTD
17.1
1Y
20.1
3Y
8.0
5Y
-5.6
Period
Fund (NAV) %
Market price %
Before fees %
Rank in category
1 month
-9.29
-8.50
-9.19
—
3 months
2.77
5.44
3.12
—
6 months
6.15
8.79
6.88
—
Year to date
17.12
16.94
18.33
—
1 year
20.11
21.17
21.76
—
3 years p.a.
8.01
8.06
9.51
—
5 years p.a.
-5.64
-5.24
-4.33
—
Returns to 30 SEP 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.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
TotalCapital
2017
17.4
2018
-22.9
2019
-5.3
2020
9.4
2021
-16.4
2022
-22.0
2023
-1.6
2024
-22.6
2025
19.4
Year
Total %
Capital %
Rank in category
2025
19.41
18.34
—
2024
-22.55
-24.69
—
2023
-1.59
-4.47
—
2022
-21.97
-20.68
—
2021
-16.41
-20.81
—
2020
9.44
-0.98
—
2019
-5.29
-4.24
—
2018
-22.89
-23.36
—
2017
17.45
16.99
—
Financial year returns
Displays the total return after fees for each financial year to 30 June, sourced from Morningstar.
FY18
-11.4
FY19
-13.2
FY20
-16.1
FY21
17.4
FY22
-22.4
FY23
-15.0
FY24
-2.8
FY25
-5.2
FY26
13.2
Financial year
Total %
Financial year to date
2.34
Year to 30 JUN 2026
13.25
Year to 30 JUN 2025
-5.23
Year to 30 JUN 2024
-2.77
Year to 30 JUN 2023
-15.04
Year to 30 JUN 2022
-22.36
Year to 30 JUN 2021
17.38
Year to 30 JUN 2020
-16.07
Year to 30 JUN 2019
-13.20
Year to 30 JUN 2018
-11.39
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
1 year
3 years
5 years
10 years
Alpha
17.72
0.01
3.50
—
Beta
20.64
-58.50
37.12
—
R-squared
0.06
1.32
1.36
—
Standard deviation
32.04
29.20
33.18
—
Sharpe ratio
0.63
0.24
-0.15
—
Sortino ratio
0.79
0.08
-0.47
—
Tracking error
21.70
19.95
22.95
—
Information ratio
0.51
0.06
-0.35
—
Upside capture %
350.19
129.94
-101.71
—
Downside capture %
—
—
32,456.01
—
Maximum drawdown %
-7.44
-23.39
-43.77
—
Measured against Morningstar AUD 1M Cash GR AUD with RBA Bank accepted Bills 90 Days as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
120.5
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
Market impact cost %
0.606
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
Management fees and costs
1.38% p.a.
Transaction costs
0.08% p.a.
Total cost ratio
1.38% p.a.
Total cost ratio (last FY)
1.38% p.a.
Performance fee
Not Disclosed
PDS dated
24 FEB 2025
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
Latest distribution
0.5499
Ex Date
1 JUL 2026
Record Date
2 JUL 2026
Pay Date
16 JUL 2026
NAV at ex date
6.15
Paid this year
0.5499
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2023
0.2
2020
0.5
2019
1.2
2016
0.3
Year
Per unit ($)
2023
0.1733
2020
0.4918
2019
1.1592
2016
0.3135
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
Ex Date
Per unit ($)
1 JUL 2026
0.5499
1 JUL 2024
0.1733
1 JUL 2021
0.4918
1 JUL 2020
1.1592
3 JUL 2017
0.3135
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Category average
10.00%
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
Number of managers
0
Other funds managed
0
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Over the past 3 years, BHP and the AUD have enjoyed a very strong positive correlation of 0.81, in other words they go up and down together. No great surprise with BHP and the Australian dollar both highly leveraged to commodity prices particularly iron ore and copper, and Chinese economic activity. In periods of stronger Chinese demand and rising risk appetite, both typically outperform, while weaker commodity prices or a risk-off backdrop usually weigh on both simultaneously.
The $A has walked MMs' flagged path through 2026, and if we’re correct, the time is beckoning for another leg higher following this week's push back above 70c as traders rein in their bets for Fed rate hikes in 2026. It’s also encouraging to see non-commercial (speculative) traders hold the largest net short position of 2026, a dramatic reversal from what was an extremely crowded long position earlier in the year, i.e. the “punters” are often wrong.
An interesting technical picture is playing out in the US Dollar at the moment:
The chart highlights that positioning often leads price. Aggregate long US dollar positioning peaked alongside the 2015 high in the DXY near 100, while the 2022 Fed tightening cycle saw both positioning and the dollar index surge together before reversing sharply after the DXY reached ~115.
With credit markets now pricing in Fed rate hikes the $US enjoyed a fresh bid last week weighing on the Aussie in the process. In the short term this feels likely to continue for at least a few weeks which could see further headwinds for the correlated ASX and in particular the miners.
The Aussie Dollar has softened over recent weeks against the Greenback, as opposed to a broader basket of currencies. With credit markets pricing in Fed rate hikes the $US has bounced and it feels likely to have further legs in the short term, but its not a move we would chase.
The Aussie Dollar was firm last week considering credit markets started pricing out multiple rate hikes by the RBA into Christmas. This strength, even as an important tailwind faded away, added weight to our bullish outlook to the local currency moving forward.
The $A is under pressure this month, acting as a proxy for global growth and commodities, with the war accelerating market expectations of an economic slowdown.
The $A has been appreciating against the Yen since April and we see no reason to the fight the trend especially with Japan’s dependency on oil and the interest rate differential with Australia driving the cross rate higher. Japan might be in a rate hiking cycle like Australia but the BOJ looks likely to walk a more cautious path than the RBA.
The Greenback has received a strong safety bid this morning as would be expected considering the escalating events in the Middle East. However, when we look at it on the $A chart it hardly registers and we would be buyers of any further weakness.
The Aussie has trod water against the $US for the last 6-months although against the Yen its continued to appreciate posting fresh 2025 highs last week - things look good for Australians going skiing in Japan at Christmas!
MM is bullish towards the Aussie ($A) through 2026/7
Business Summary
BetaShares Strong Australian Dollar Hedge Fund ETF (AUDS) is an exchange-traded fund incorporated in Australia. The investment objective of the Fund is to provide Unitholders with geared exposure to the change in value of the Australian Dollar relative to the U.S. Dollar (i.e. it aims to provide a magnified "long" exposure to the value of the Australian Dollar relative to the U.S. Dollar).
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
Verication email sent.
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
!
Invalid One Time Password
Please check you entered the correct info, please also note there is a 10minute time limit on the One Time Passcode
To reset your password, enter your email address
A link to create a new password will be sent to the email address you have registered to your account.
Something went wrong. Please try again in a moment.
You're trying to view member-only content
Market Matters members receive daily market reports, real-time trade alerts, full access to 5 portfolios and dynamic company data.
Choose how you'd like to proceed:
We have a range of membership options to suit your needs and budget, why not join today and get unlimited access to the premium Market Matters service.
