Betashares ETFs Australia 2026 Guide

Betashares is the second largest ETF provider in Australia by assets under management. As of March 2026, the company manages approximately $63.2 billion across more than 100 funds listed on the ASX. Where Vanguard built its position with a small number of very large, very cheap broad-market funds, Betashares took a different path. It offers the widest product range in the Australian market, covering everything from Australian shares and global equities to cash, fixed income, thematic investing, geared funds, and ESG strategies.

This guide covers the most widely held Betashares ETFs on the ASX in 2026. For each fund you will find the management fee, fund size, what it actually holds, and who it suits. This is general information only. Not financial advice.

Why Betashares is different from Vanguard

The clearest way to understand Betashares is to compare it with Vanguard. Vanguard runs 36 ETFs in Australia with a median MER of 0.26%. Betashares runs more than 100 with a median MER of 0.48%. Betashares' higher median fee reflects the fact that much of its range consists of active strategies, thematic funds, geared products, and currency-hedged versions of existing funds, all of which cost more to run than plain vanilla index funds.

But Betashares also offers some of the cheapest ETFs in Australia. A200 at 0.04% is the lowest-cost Australian shares ETF on the ASX. BGBL at 0.08% is among the cheapest global shares options available. Betashares wins on breadth and innovation; Vanguard wins on cost for broad-market exposure.

Betashares also operates Betashares Direct, a commission-free brokerage platform that allows investors to trade ASX ETFs with no brokerage fees. This is relevant context for understanding the company's business model. It competes not just as an ETF provider but as a vertically integrated investing platform.

Australian shares ETFs

A200 (Betashares Australia 200 ETF)

A200 is Betashares' flagship Australian shares ETF and the lowest-cost broad-market Australian shares fund on the ASX.

A200 is the most direct competitor to VAS in the Australian shares category. The A200 vs VAS comparison is one of the most frequently asked questions among Australian ETF investors. A200 tracks the Solactive Australia 200 Index, which covers the 200 largest companies by market capitalisation listed on the ASX. The top holdings are Commonwealth Bank, BHP, Westpac, NAB, ANZ, Wesfarmers, Macquarie, CSL, Woodside, and Rio Tinto. These are the same names that dominate VAS and IOZ.

At 0.04% per year, A200 charges less than half the fee of VAS (0.07%). On a $100,000 portfolio, that is $40 per year versus $70. That is a $30 annual difference that compounds over time. The practical question for most investors is whether that fee difference justifies switching from an existing VAS holding, given the capital gains tax consequences of selling.

A200 tracks 200 stocks versus VAS's 300. The extra 100 companies in VAS are smaller by market capitalisation and represent less than 5% of its total weight in practice. ETFLens calculates approximately 91% holdings overlap between VAS and A200.

Who typically uses A200: Cost-conscious investors building a new portfolio who want the cheapest possible Australian shares exposure, or existing investors who have done the CGT calculation and determined that switching from VAS makes financial sense over their time horizon.

Closest alternatives: VAS (0.07% MER, S&P/ASX 300, 311 holdings), IOZ (0.09% MER, S&P/ASX 200).

QOZ (Betashares FTSE RAFI Australia 200 ETF)

QOZ is a fundamentally weighted Australian shares ETF. Instead of weighting companies by market capitalisation (as A200 and VAS do), QOZ weights companies by a combination of sales, cash flow, dividends, and book value. This approach tends to tilt the portfolio toward value stocks and away from growth stocks compared to a standard market-cap index.

Who typically uses QOZ: Investors who want deliberate value-factor exposure in their Australian equity allocation, or those who prefer a fundamentally weighted approach to index construction over standard market-cap weighting.

FAIR (Betashares Australian Sustainability Leaders ETF)

FAIR is Betashares' ethical Australian shares ETF. It screens out companies involved in fossil fuel extraction, gambling, weapons, tobacco, alcohol, and other activities. What remains is a portfolio of Australian companies that pass Betashares' sustainability criteria. The portfolio typically has lower exposure to the major miners and energy companies than A200 or VAS.

Who typically uses FAIR: Investors who want Australian equity exposure but want to exclude the sectors covered by the ethical screen. FAIR is the ethical equivalent of A200 in the same way that VETH is the ethical equivalent of VAS.

International shares ETFs

NDQ (Betashares Nasdaq 100 ETF)

NDQ is one of the most widely held ETFs in Australia and the dominant choice for investors who want US technology exposure.

NDQ tracks the Nasdaq-100 Index, which contains the 100 largest non-financial companies listed on the Nasdaq Stock Exchange. The index is heavily concentrated in US technology: Apple, Nvidia, Microsoft, Alphabet, Amazon, Broadcom, Meta, Tesla, and Costco are among the largest positions. Financial companies are explicitly excluded from the Nasdaq-100, which is an unusual structural feature compared to broader global indexes.

NDQ is unhedged, so your returns in Australian dollars are affected by movements in the AUD/USD exchange rate. When the Australian dollar weakens, NDQ returns look better in AUD terms.

The 0.48% fee is significantly higher than a broad global fund like VGS (0.18%) or BGBL (0.08%). The higher fee reflects the Nasdaq brand licensing cost that Betashares pays to use the index.

NDQ has delivered strong long-run returns driven by US technology growth. Past performance is not an indication of future performance, and NDQ's concentrated sector exposure means it can fall harder than broad global funds when technology stocks underperform.

Who typically uses NDQ: Investors who want deliberate US technology exposure as a growth tilt alongside a broader global or Australian shares core. It is not a standalone portfolio. It is a concentrated sector bet.

Closest alternatives: HNDQ (currency hedged version of NDQ, 0.51% MER), IVV (S&P 500, 0.04% MER, much broader and cheaper), VGS (MSCI World ex-Australia, 0.18% MER, includes tech but far less concentrated).

BGBL (Betashares Global Shares ETF)

BGBL is Betashares' broad international shares ETF and the most common alternative to VGS. The BGBL vs VGS comparison comes down to fee versus track record.

Both BGBL and VGS track developed market equities excluding Australia. BGBL uses the Solactive GBS index, VGS uses the MSCI World index. Both cover similar ground: roughly 1,200 to 1,300 stocks across the US, Europe, Japan, the UK, and other developed markets.

BGBL's 0.08% fee is less than half of VGS's 0.18%. The top holdings are Nvidia, Apple, Microsoft, Alphabet, Amazon, Broadcom, Meta, Tesla, and Eli Lilly. The holdings are virtually identical to VGS.

BGBL launched in May 2023, so it has a much shorter track record than VGS (November 2014) and significantly less AUM. This has no bearing on the underlying investment, but some investors prefer a fund with more history.

Who typically uses BGBL: Cost-sensitive investors who want broad international developed market exposure and are comfortable with a newer fund from a well-established provider. Investors building a new portfolio often choose BGBL over VGS purely on fee grounds.

HGBL (Betashares Global Shares Currency Hedged ETF)

HGBL is the currency-hedged version of BGBL. It holds the same underlying stocks but removes most of the AUD/USD exchange rate impact from your returns. This is the Betashares equivalent of VGAD (the hedged version of VGS). Neither HGBL nor BGBL is inherently better. The choice depends on your view of currency risk.

ETHI (Betashares Global Sustainability Leaders ETF)

ETHI is one of the largest ESG ETFs in Australia by assets under management. It tracks an index of global companies assessed as leaders in sustainability practices, while excluding companies involved in fossil fuels, gambling, weapons, tobacco, and other activities.

The resulting portfolio is heavily weighted toward US technology companies because those companies score well on the sustainability screen. Nvidia, Apple, Microsoft, Alphabet, and Amazon are typically among the top holdings, similar to NDQ but with an ethical construction methodology rather than a Nasdaq brand filter.

ETHI's 0.59% fee is higher than broad ethical alternatives like VESG (0.18% MER). The difference reflects ETHI's more involved screening methodology and its longer track record as one of the pioneering ethical ETFs in Australia.

Who typically uses ETHI: Investors who want international share exposure with a strong ethical screen, and who are willing to pay a higher fee for a fund with a more established sustainability methodology and track record.

ASIA (Betashares Asia Technology Tigers ETF)

ASIA provides exposure to the largest technology and internet companies in Asia, excluding Japan. The top holdings typically include Taiwan Semiconductor, Samsung, Tencent, Alibaba, and other major Asian technology names. It is a concentrated thematic bet on Asian technology rather than broad Asian market exposure.

Thematic and sector ETFs

HACK (Betashares Global Cybersecurity ETF)

HACK gives exposure to global companies involved in cybersecurity, covering network security, endpoint protection, identity management, and related services. It is one of the most established thematic ETFs in Australia with a multi-year track record.

Cybersecurity is one of the few technology sub-sectors with genuinely structural demand growth, since every organisation that digitises also needs to secure its systems. However, HACK's 0.67% fee is high, and the fund holds a relatively small number of companies, creating more concentration risk than a broad index fund.

Who typically uses HACK: Investors who want specific exposure to the cybersecurity sector as a satellite position alongside a broader core portfolio. It is not suitable as a standalone holding.

RBTZ (Betashares Global Robotics and Artificial Intelligence ETF)

RBTZ provides exposure to global companies involved in robotics, automation, and artificial intelligence. Like HACK, it is a thematic satellite fund with a narrow focus. The holdings include industrial automation companies, AI chip manufacturers, and robotics hardware makers across the US, Japan, and Europe.

CLDD (Betashares Cloud Computing ETF)

CLDD focuses on global cloud computing companies, holding software-as-a-service companies and cloud infrastructure providers. There is meaningful overlap between CLDD, HACK, and RBTZ since many technology companies operate across these themes. Holding multiple thematic ETFs can create unintended duplication.

Cash and fixed income ETFs

AAA (Betashares Australian High Interest Cash ETF)

AAA is one of the most widely used ETFs in Australia for cash management inside a brokerage account.

AAA holds Australian dollar cash deposits with major Australian banks and pays monthly distributions at a rate that aims to be competitive with at-call bank accounts and term deposits. The fund does not hold bonds, shares, or any other investment. It is purely cash.

Unlike a savings account, AAA does not receive the benefit of any government guarantee (which covers deposits up to $250,000 per ADI per account holder). The interest rate AAA earns moves with the RBA cash rate. When the RBA cuts rates, AAA's income falls; when it raises rates, income rises.

AAA is widely used by investors who hold cash inside a brokerage account while waiting to deploy it, or who want a regular monthly income stream from their cash allocation without opening a separate savings account.

Closest alternative: MMKT (Betashares Australian Cash Plus Active ETF, 0.18% MER), which holds money market securities and aims for a slightly higher yield than AAA.

QPON (Betashares Australian Bank Senior Floating Rate Bond ETF)

QPON holds senior floating rate bonds issued by the major Australian banks. Because the bonds have floating rates, their income resets higher when the RBA raises interest rates, unlike fixed-rate bonds which fall in price when rates rise. This made QPON one of the better-performing fixed income funds during the 2022 to 2024 rate hiking cycle.

The trade-off is that when rates fall, QPON's income also falls. It is suitable for investors who want income from high-quality Australian bank credit without taking on long-duration interest rate risk.

HBRD (Betashares Australian Credit Income Active ETF)

HBRD is Betashares' largest active ETF by assets. It was previously known as the Betashares Australian Hybrids Active ETF, but changed its name and benchmark in March 2026 to reflect the gradual phasing out of Australian bank hybrid securities under regulatory changes. It now provides actively managed exposure to a broader range of Australian credit income instruments including senior bonds, subordinated debt, and other floating rate credit.

At 0.55% it is more expensive than passive bond ETFs, reflecting the active management involved. It pays monthly income, which makes it popular with retirees and income-focused investors.

Diversified ETFs

DHHF (Betashares Diversified All Growth ETF)

DHHF is the most direct competitor to VDHG (Vanguard Diversified High Growth Index ETF) and the DHHF vs VDHG comparison is one of the most common questions in Australian ETF communities.

DHHF is a single-fund all-growth portfolio. It holds four underlying ETFs: Vanguard Total Stock Market Index Fund (VTI, approximately 40%), Betashares Australia 200 ETF (A200, approximately 37%), SPDR Portfolio Developed World ex-US ETF (SPDW, approximately 17%), and SPDR Portfolio Emerging Markets ETF (SPEM, approximately 6%). The fund rebalances internally when allocations drift more than 2% from targets.

DHHF is 100% shares with no bonds. VDHG has roughly 10% in fixed income. DHHF charges 0.19% versus VDHG's 0.27%. Investors who prefer a bonds-free allocation and a lower fee tend to prefer DHHF. Investors who prefer Vanguard's fund structure or want a small defensive buffer tend to prefer VDHG.

DHHF pays annual distributions rather than quarterly, which can be a consideration for income-focused investors. The annual distribution can also be larger than expected because DHHF passes through the full-year income from its underlying holdings in a single payment.

Who typically uses DHHF: Investors who want a simple one-fund global portfolio, are comfortable with 100% equity exposure, and want a lower fee than VDHG. It is the dominant single-fund option for investors in the accumulation phase who do not want bonds.

Closest alternatives: VDHG (0.27% MER, includes approximately 10% bonds), VDAL (Vanguard Diversified All Growth ETF, 0.27% MER, 100% growth from Vanguard).

Geared ETFs

GEAR (Betashares Geared Australian Equity Fund)

GEAR is a leveraged ETF that aims to provide magnified exposure to the Australian sharemarket. It uses internal borrowing to amplify returns. When the market rises 1%, GEAR aims to rise approximately 2%. The same leverage applies to losses: a 1% market fall means GEAR falls approximately 2%.

Geared ETFs are complex products designed for short-term use by sophisticated investors who understand leverage risk. They are not suitable as long-term buy-and-hold investments due to the compounding effects of daily leverage rebalancing on long-term returns. Before investing in any geared ETF, read the PDS carefully.

Summary table, key Betashares ETFs

MER figures sourced from Betashares official fund pages and ETFLens data. Management fees change occasionally, always verify at betashares.com.au before investing.

Before you invest

Every Betashares ETF listed in this guide has a Product Disclosure Statement (PDS) and Target Market Determination (TMD) available at betashares.com.au. The PDS describes the fund's investment objective, risks, fees, and the type of investor the fund is designed for.

Past performance is not an indication of future performance. All investments carry risk including the possible loss of capital.

This article is general information only and does not constitute financial advice. Your investment decisions should reflect your personal circumstances, time horizon, and risk tolerance. If you are unsure, speak to a licensed financial adviser.

Check how your Betashares ETFs fit together

If you hold more than one Betashares ETF, or a mix of Betashares and other providers, it is worth understanding how much overlap exists between your holdings. Use the ETFLens overlap checker to see exactly how your ETFs combine before making any changes to your portfolio.

General information only. Not financial advice. ETFLens does not hold an Australian Financial Services Licence. Before making any investment decisions, consider your personal circumstances and consult a licensed financial adviser.