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Fund size
$31.3M
NOV 2026
Total cost ratio
0.45%
per year
Distributions
Annually
Since inception
15.8 yrs
JAN 2011
The BetaShares US Dollar ETF seeks to provide a simple, cost effective and convenient investment alternative for investors interested in gaining exposure to the performance of the U.S. Dollar relative to the Australian Dollar, without the need to invest directly in the foreign exchange market.
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 | — |
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Cash | 100.00 | — | 47.1M | — | — | — | — |
Fund (NAV) Market price
1M
0.3
3M
0.8
6M
1.7
YTD
2.7
1Y
3.3
3Y
4.1
5Y
3.4
10Y
2.0
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | 0.29 | 0.43 | 0.32 | — |
| 3 months | 0.84 | 0.65 | 0.95 | — |
| 6 months | 1.67 | 0.40 | 1.90 | — |
| Year to date | 2.73 | 3.02 | 3.12 | — |
| 1 year | 3.32 | 3.21 | 3.79 | — |
| 3 years p.a. | 4.12 | 4.15 | 4.58 | — |
| 5 years p.a. | 3.43 | 3.50 | 3.90 | — |
| 10 years p.a. | 1.98 | 1.97 | 2.43 | — |
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
2.0
2017
-8.8
2018
13.0
2019
0.8
2020
-8.3
2021
5.9
2022
6.6
2023
7.2
2024
15.0
2025
-2.7
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | -2.67 | -5.91 | — |
| 2024 | 15.04 | 11.33 | — |
| 2023 | 7.18 | 0.64 | — |
| 2022 | 6.60 | 8.36 | — |
| 2021 | 5.87 | 5.77 | — |
| 2020 | -8.33 | -9.91 | — |
| 2019 | 0.85 | -0.40 | — |
| 2018 | 13.05 | 11.52 | — |
| 2017 | -8.82 | -7.57 | — |
| 2016 | 2.02 | 0.10 | — |
| 2015 | 13.67 | 11.99 | — |
FY17
-3.1
FY18
4.3
FY19
7.2
FY20
2.9
FY21
-8.5
FY22
8.9
FY23
6.7
FY24
4.7
FY25
6.4
FY26
-2.1
| Financial year | Total % |
|---|---|
| Financial year to date | -0.43 |
| Year to 30 JUN 2026 | -2.08 |
| Year to 30 JUN 2025 | 6.35 |
| Year to 30 JUN 2024 | 4.71 |
| Year to 30 JUN 2023 | 6.68 |
| Year to 30 JUN 2022 | 8.92 |
| Year to 30 JUN 2021 | -8.52 |
| Year to 30 JUN 2020 | 2.91 |
| Year to 30 JUN 2019 | 7.16 |
| Year to 30 JUN 2018 | 4.27 |
| Year to 30 JUN 2017 | -3.13 |
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -26.65 | -1.87 | -1.66 | -1.87 |
| Beta | -84.83 | 25.07 | -12.83 | -13.38 |
| R-squared | 3.17 | 1.16 | 0.83 | 0.57 |
| Standard deviation | 0.05 | 0.21 | 0.48 | 0.56 |
| Sharpe ratio | -0.84 | -0.43 | 0.07 | 0.00 |
| Sortino ratio | -0.95 | -0.52 | 0.19 | 0.07 |
| Tracking error | 10.26 | 9.25 | 10.16 | 9.90 |
| Information ratio | -0.83 | -0.40 | 0.15 | 0.06 |
| Upside capture % | -99.22 | 12.92 | 111.36 | 136.18 |
| Downside capture % | — | — | -22,895.39 | 2,395.80 |
| Maximum drawdown % | -7.38 | -9.45 | -9.45 | -20.78 |
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
72.7
Morningstar Portfolio Risk Score at 30 JUN 2022.
2024
0.4
2023
0.6
2022
0.5
2019
0.1
2018
0.3
2017
0.1
2016
0.0
2015
0.0
| Year | Per unit ($) |
|---|---|
| 2024 | 0.3772 |
| 2023 | 0.6158 |
| 2022 | 0.4859 |
| 2019 | 0.1483 |
| 2018 | 0.3280 |
| 2017 | 0.1047 |
| 2016 | 0.0216 |
| 2015 | 0.0103 |
| Ex Date | Per unit ($) |
|---|---|
| 1 JUL 2025 | 0.3772 |
| 1 JUL 2024 | 0.6158 |
| 3 JUL 2023 | 0.4859 |
| 1 JUL 2020 | 0.1483 |
| 1 JUL 2019 | 0.3280 |
| 2 JUL 2018 | 0.1047 |
| 3 JUL 2017 | 0.0216 |
| 1 JUL 2016 | 0.0103 |
Announcements
No announcements stored for this company yet.
The US$ has opened softly this morning after some deescalation in the Middle East, pushing the Aussie back above 70c but as we’ve seen before this can change with one post from the President. We’re still leaning towards the bearish US$ viewpoint but we wouldn’t take trading positions until we see weakness back under 100 level.
The Greenback has enjoyed a “Safety Bid” of sorts since the initial attacks on Iran but its hardly dented the major decline which started in early 2025, when countries started buying gold and diversifying away from the worlds reserve currency. At this stage we anticipate the underlying bearish trend will reassert itself in the coming months.
The Greenback remains inversely correlated to stocks at the moment and this morning’s ~0.3% lift on the opening of FX markets shows stocks are likely to struggle first up after the latest chapter of arguments around the Strait of Hormuz - it’s all becoming a touch tiresome. Similar to our bullish call towards stocks this year we are looking for the $US to ultimately break its late January low.
The $US dollar had recently benefited from a weak Yen and Euro, courtesy of political surprises in France and Japan, but last week saw outright defensive style buying of the Greenback on trade worries.
The $US attracted further buying, or potentially short covering, overnight as the tariff uncertainty swelled. As subscribers know MM believes there’s room for a squeeze higher by the heavily shorted Greenback, which has already fallen over 12% from its 2025 high; such a move will likely push the $A lower in the process while also weighing on commodities, which are priced in $US.
The dollar, for many years, has been a hiding place during market selloffs, but it hasn’t rallied this time as investors rushed for safety. The Trump effect has seen the $US no longer act like a haven, and just two months into his second term, his escalating tariffs and bid to roll back decades of globalisation are shaking confidence in the US currency
The Dollar Index consolidated its recent losses last week, offering little hope for an imminent recovery. With the likes of Europe and China becoming investors' vehicles of choice, it may take time to turn this particular oil tanker around.
The US dollar enjoyed a strong “Trump bump” after the election result became apparent, taking the index back to its average of the last 2-years. Second-guessing what comes next into Christmas is hard, leaving us sitting on the proverbial fence over the coming months.
The Greenback bounced last week as the Fed pushed their timing of interest rate cuts further down the road, although ironically, the softer inflation data did support a more dovish approach to rates. However, with the Eurozone becoming increasingly fixated on the French elections, the $US did enjoy a small “safety bid”, which was enough to see the currency rally back above the 105 level as it continues to rotate in the same range as the last 18 months.
The Greenback bounced last week as Fed rate cuts were put on ice, but the move hardly registered on the chart as the 105 holds for the $US Index, which measures the US currency against a basket of its major trading partners. Again, it has already been 18 months of trading in the current area, and it's akin to a game of 2-up forecasting when it will push towards 100 or 110.
MM remains bearish towards the US$ Dollar longer term
MM remains bearish towards the US$ Dollar into 2027
MM is bearish towards the US$ which should ultimately support commodities
MM is bearish towards the Greenback around the 100 area
MM remains bearish towards the US$ Dollar.
MM cautiously bearish towards the US$ around the 101 level
MM bearish towards the US$ around the 101 level
MM remains bearish toward the US$ medium term
MM remains bearish towards the $US around 100
MM remains bearish towards the $US Dollar around 99
USD aims to track the performance of the U.S. dollar against the Australian dollar (before fees and expenses). If the U.S. dollar goes up 10% against the A$ the Fund is designed to go up 10% too, before fees and expenses. Conversely, the Fund will go down if the U.S. dollar falls.
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