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HNDQ

$46.66-1.77%Nasdaq 10038/100
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BetaShares NASDAQ 100 (Hedged) ETF · BetaShares

Data as at 29 March 2026

TL;DR

Tracks the Nasdaq 100 with AUD/USD currency risk hedged out. Returns reflect the performance of the 100 largest Nasdaq companies in AUD terms without exchange rate movements.

MER (Annual Fee)
0.51%
#4 lowest in Nasdaq 100
1Y Return
+23.4%
3Y Return (p.a.)
+20.5%
Dividend Yield
1.76%
Trailing 12 months
AUM
$1,900M
Assets under management
Avg Daily Turnover
$1.9M
Avg shares × unit price
Unit Price
$46.66
As at 29 March 2026
Provider
BetaShares
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Strategy

Hedged version of NDQ. Invests in the same 100 Nasdaq companies with a currency hedging overlay applied and rolled monthly using forward contracts.

Top Holdings

Key Fact

HNDQ holds roughly $700 million in AUM. Its underperformance versus NDQ over 2020-2025 was driven primarily by the AUD's weakness against the USD — not by any difference in stock selection.

Suited for

Investors who want Nasdaq-100 performance specifically, without the AUD/USD exchange rate variable. Useful when the AUD is expected to strengthen against the USD.

Risks

Hedging costs mean HNDQ carries a 0.51% MER versus NDQ's 0.48%. Over the 2020-2025 period, the AUD weakened against the USD, so unhedged NDQ holders collected a currency tailwind that HNDQ holders did not.

HNDQ Comparisons

ETFCheck Score38/100
Fees (40%)24
Fund Size (25%)58
Liquidity (20%)48
Yield (15%)29
How scores are calculated →
Other Nasdaq 100 ETFs
FANG
0.35% MER
60
NDQ
0.48% MER
50
FNGG
0.80% MER
28
QNDQ
0.28% MER
27View all Nasdaq 100 ETFs →

Frequently Asked Questions - HNDQ

When does HNDQ outperform NDQ, and which should Australian investors choose?+
HNDQ outperforms NDQ when the Australian dollar strengthens against the US dollar, because NDQ's unhedged returns are diminished by a rising AUD. Conversely, NDQ wins during periods of AUD weakness, as seen in recent years. Over HNDQ's history, the 1Y return of 16.2% has trailed NDQ's 18.4%, reflecting recent AUD softness. Investors with a strong view that the AUD will recover should lean toward HNDQ; those uncertain may consider splitting across both.
Does HNDQ's currency hedging create additional tax events or costs for SMSF investors?+
Yes, HNDQ's hedging strategy uses forward foreign exchange contracts that can generate realised currency gains or losses, which flow through to distributions. These hedging gains are assessable income under ATO rules, potentially creating unexpected tax obligations even in flat equity markets. SMSF trustees should be aware that HNDQ's slightly higher MER of 0.51% versus NDQ's 0.48% partly reflects hedging costs, and distributions may be lumpy due to currency contract settlements at quarter or year end.
How effective is HNDQ's hedge at eliminating currency risk over longer holding periods?+
HNDQ rebalances its currency hedge regularly to maintain close to 100% AUD hedging, effectively neutralising USD/AUD movements over short to medium periods. However, hedging is not perfect - small tracking differences can arise from daily rebalancing and the cost of rolling forward contracts. Over one year, HNDQ's 16.2% return closely mirrors the Nasdaq 100's USD performance, confirming the hedge works well for investors wanting pure US tech equity exposure without taking a directional currency bet.
Is HNDQ suitable for Australian retirees or income-focused investors?+
HNDQ's yield of just 0.22% makes it poorly suited for retirees needing reliable income, and distributions carry no franking credits since all underlying holdings are US-listed companies. The fund is primarily a capital growth vehicle targeting the Nasdaq 100's price appreciation in AUD-neutral terms. Income-focused SMSF investors in pension phase would generally be better served by high-yielding Australian equity ETFs that offer franked dividends, while using HNDQ only as a growth allocation within a diversified portfolio.