BetaShares Bear Funds provide Australian investors with a simple way to seek to profit from, or protect against, a decline in the Australian or U.S equities market.

Looking to profit from, or protect against falling markets? 


Short exposure to the Australian and U.S. sharemarkets

Available to buy or sell via the ASX

Benefits of BetaShares Bear Funds

Australian Equities Bear Hedge Fund



Seeks to generate returns that are negatively correlated to the returns of the Australian sharemarket, as measured by the S&P/ASX 200 Index.

Australian Equities Strong Bear Hedge Fund


Seeks to generate magnified returns that are negatively correlated to the returns of the Australian sharemarket, as measured by the S&P/ASX 200 Index.


U.S. Equities Strong Bear Hedge Fund

Seeks to generate magnified returns that are negatively correlated to the returns of the U.S. sharemarket, as measured by the S&P 500 Index



About BetaShares

Short exposure

Generate short exposure to the Australian or U.S. sharemarket. Fund value can be expected to go up if the relevant sharemarket goes down, and down if the sharemarket goes up, on a given day.

Convenient & cost effective

Avoid the complications and costs of using other ‘short’ investment products, such as CFDs or other derivatives.

No margin calls for investors

Investors cannot lose more than their initial investment. 


Short exposure, value of the Fund’s assets, net asset value per unit and portfolio composition are available on our website daily. 

For more than a decade, BetaShares has been helping Australians meet their financial goals. Today, BetaShares is trusted by hundreds of thousands of investors and manages over $20 billion.

We offer the broadest range of funds on the ASX - covering almost every asset class and investment strategy.


BetaShares Capital Ltd (ABN 78 139 566 868, AFSL 341181) is the issuer of the BetaShares Funds. This information is general only, is not personal financial advice, and is not a recommendation to buy units or adopt any particular strategy. It does not take into account any person’s financial objectives, situation or needs. Investments in BetaShares Funds are subject to investment risk and the value of units may go down as well as up. Any person wishing to invest should obtain a copy of the Fund's PDS and TMD (available from and obtain financial advice in light of their individual circumstances.

There are risks associated with an investment in the BetaShares Bear Funds (Bear Funds), including risks associated with negatively correlated returns, market risk, futures risk and, in the case of BBOZ and BBUS, gearing risk. Geared investments involve significantly higher risk than non-geared investments. Gearing magnifies gains and losses and may not be a suitable strategy for all investors. The Bear Funds are actively managed and do not track any published benchmark. Each Fund targets a particular short exposure range on any given day. Each Fund’s returns will not necessarily be in that range over periods longer than a day, due to the effects of rebalancing and compounding of investment returns over time. Investors should monitor their investment as frequently as daily to ensure it continues to meet their investment objectives. Before making an investment decision you should consider the relevant Product Disclosure Statement (PDS), Target Market Determination (TMD) and your particular circumstances, including your tolerance for risk, and obtain financial advice. An investment in any of the Bear Funds should only be considered as a component of an investor’s overall portfolio.