Prices updated 20 June 2026, 9:40 am AEST · Data: Financial Modeling Prep
BetaShares - Australian Equities Bear Complex ETF (ASX: BEAR) is a exchange-traded fund (ETF) from BetaShares listed on the ASX with $31.1M in assets under management. It charges a management fee (MER) of 1.48% per year and has been listed since 2012. The portfolio is led by AUD - AUSTRALIA DOLLAR (56.6%), BETASHARES AUSTRALIAN CASH PLUS FUND (22.8%), BETASHARES AUS HIGH INTEREST ETF (20.6%). It is weighted towards Cash & Others (79.4%) and Financial Services (20.6%). The BEAR unit price has moved -1.73% over the past 12 months.
ETF Details
AUM$31.1M
Expense Ratio1.48%
NAV$7.23
IssuerBetaShares
Inception Date6 July 2012
Asset ClassEquity
Top Holdings
| # | Symbol | Name | Weight | Market Value |
|---|
| 1 | AUD | AUD - AUSTRALIA DOLLAR | | $19.9M |
| 2 | MMKT | BETASHARES AUSTRALIAN CASH PLUS FUND | | $8.0M |
| 3 | AAA | BETASHARES AUS HIGH INTEREST ETF | | $7.2M |
| 4 | XPH6 Index | SPI 200 FUTURES MAR26 | | $0 |
About BetaShares - Australian Equities Bear Complex ETF
This Exchange Traded Fund (ETF) is designed to produce returns that move in the opposite direction to the performance of the Australian stock market. Specifically, on any given day, if the S&P/ASX Accumulation 200 Index experiences a decline, the Fund aims to increase in value; conversely, an increase in the index is expected to result in a decrease in the Fund's value. Typically, a 1% drop in the Australian share market over a day should translate to an appreciation of 0.9% to 1.1% in the Fund's worth, with a corresponding depreciation if the market rises. The Fund's market exposure is continuously managed and recalibrated to maintain a daily target leverage within a negative 0.9x to 1.10x range. However, it's crucial to understand that returns over periods exceeding one day may not consistently fall within this specific inverse range. This divergence can occur due to the necessary daily rebalancing to sustain the Fund's target short exposure and the cumulative effect of investment returns over time. Consequently, the actual returns over longer durations might vary in both magnitude and direction from the intended daily target. This effect on overall returns tends to be more significant when the Australian share market is highly volatile and as an investor's holding period lengthens. Therefore, investors are advised to diligently monitor their investment, even on a daily basis, to ensure it remains aligned with their financial objectives. Rather than holding physical shares, the Fund achieves its market exposure by utilizing futures contracts. Since the futures market operates for a longer period than the underlying share market, the Fund's daily performance might occasionally differ from what the share market alone indicates. This Fund is inherently considered to be of very high risk. Its fundamental strategy of seeking returns inversely correlated to market movements distinguishes it from most conventional managed funds. The Fund is actively managed and does not follow a predefined, publicly disclosed benchmark.
Cash flow metrics for financial institutions may differ due to banking-specific accounting.
BEAR Frequently Asked Questions
What is BEAR?
BEAR is the ASX ticker for BetaShares - Australian Equities Bear Complex ETF, an exchange-traded fund (ETF) issued by BetaShares trading on the Australian Securities Exchange.
What is BEAR's management fee (MER)?
BEAR charges a management expense ratio (MER) of 1.48% per year.
How large is BEAR?
BetaShares - Australian Equities Bear Complex ETF has $31.1M in assets under management.
What are BEAR's top holdings?
BEAR's largest positions are AUD - AUSTRALIA DOLLAR (56.6%), BETASHARES AUSTRALIAN CASH PLUS FUND (22.8%), BETASHARES AUS HIGH INTEREST ETF (20.6%).
When was BEAR launched?
BetaShares - Australian Equities Bear Complex ETF was launched on 6 July 2012.
How has BEAR performed over the past year?
BEAR's unit price has moved -1.73% over the past 12 months. Price returns exclude distributions, so total returns to investors may be higher.
Historical Prices
| Date | Open | High | Low | Close | Volume | Change % |
|---|
| 19 June 2026 | $7.31 | $7.37 | $7.31 | $7.37 | 58K | ▲+1.38% |
| 18 June 2026 | $7.25 | $7.27 | $7.23 | $7.27 | 181K | ▲+0.55% |
| 17 June 2026 | $7.29 | $7.29 | $7.22 | $7.23 | 26K | ▼-0.69% |
| 16 June 2026 | $7.33 | $7.33 | $7.28 | $7.28 | 9.6K | ▲+0.28% |
| 15 June 2026 | $7.29 | $7.30 | $7.25 | $7.26 | 101K | ▼-1.76% |
| 12 June 2026 | $7.40 | $7.40 | $7.37 | $7.39 | 42K | ▼-1.47% |
| 11 June 2026 | $7.57 | $7.57 | $7.50 | $7.50 | 25K | ▼-0.40% |
| 10 June 2026 | $7.55 | $7.55 | $7.48 | $7.53 | 29K | ▼-0.13% |
| 9 June 2026 | $7.59 | $7.65 | $7.52 | $7.54 | 63K | ▲+0.40% |
| 8 June 2026 | $7.50 | $7.52 | $7.49 | $7.51 | 61K | –+0.00% |
| 5 June 2026 | $7.50 | $7.52 | $7.49 | $7.51 | 61K | ▲+0.54% |
| 4 June 2026 | $7.44 | $7.48 | $7.44 | $7.47 | 23K | ▲+1.49% |
| 3 June 2026 | $7.40 | $7.42 | $7.35 | $7.36 | 27K | ▼-0.81% |
| 2 June 2026 | $7.46 | $7.50 | $7.42 | $7.42 | 7.1K | –+0.00% |
| 1 June 2026 | $7.44 | $7.44 | $7.42 | $7.42 | 7.5K | ▼-0.13% |
| 29 May 2026 | $7.47 | $7.49 | $7.43 | $7.43 | 23K | ▼-1.46% |
| 28 May 2026 | $7.47 | $7.55 | $7.47 | $7.54 | 13K | ▲+1.34% |
| 27 May 2026 | $7.48 | $7.50 | $7.44 | $7.44 | 14K | ▼-0.53% |
| 26 May 2026 | $7.45 | $7.48 | $7.45 | $7.48 | 21K | ▲+0.54% |
| 25 May 2026 | $7.47 | $7.47 | $7.43 | $7.44 | 69K | ▼-0.40% |
| 22 May 2026 | $7.47 | $7.47 | $7.45 | $7.47 | 54K | ▼-0.40% |
| 21 May 2026 | $7.51 | $7.51 | $7.48 | $7.50 | 74K | ▼-1.45% |
| 20 May 2026 | $7.53 | $7.61 | $7.53 | $7.61 | 41K | ▲+0.93% |
| 19 May 2026 | $7.54 | $7.55 | $7.52 | $7.54 | 16K | ▼-0.79% |
| 18 May 2026 | $7.53 | $7.60 | $7.53 | $7.60 | 42K | ▲+1.20% |
| 15 May 2026 | $7.45 | $7.52 | $7.45 | $7.51 | 15K | ▲+0.13% |
| 14 May 2026 | $7.50 | $7.51 | $7.49 | $7.50 | 17K | ▲+0.13% |
| 13 May 2026 | $7.50 | $7.50 | $7.49 | $7.49 | 71K | ▲+0.40% |
| 12 May 2026 | $7.44 | $7.50 | $7.44 | $7.46 | 28K | ▲+0.27% |
| 11 May 2026 | $7.44 | $7.47 | $7.43 | $7.44 | 26K | ▲+0.40% |
