THE SHORT ANSWER
There are 55 currency hedged ETFs on the ASX and TMX, with about $38.9bn invested. The largest is VGAD ($7.9bn) and the lowest fee is 0.09% a year (V5AH).
Currency hedged ETFs on the ASX
Hedged versions of international share, property, infrastructure and gold funds. Most international bond ETFs are also hedged and are on the fixed income list.
Currency hedged ETFsSorted by size
| ETF | FEE | SIZE | 1 YR | 3 YR |
|---|
| VGAD Hedged Vanguard MSCI International Shre Hedged | 0.21% | $7.9bn | +17% | +72% |
| IHVV Hedged iShares S&P 500 Aud Hedged | 0.10% | $4.3bn | +15% | +77% |
| DFGH Hedged Active Dimensional Global Core Eq Aud Hgd | 0.36% | $4.2bn | +18% | – |
| HGBL Hedged Betashares Global Shares Hedged | 0.11% | $3.0bn | +17% | +76% |
| QHAL Hedged VanEck MSCI International Quality Hedged | 0.43% | $2.7bn | +16% | +64% |
| IFRA Hedged VanEck Ftse Global Infrastructure Hedged | 0.20% | $2.1bn | +5% | +41% |
| GLIN Hedged iShares Ftse Gbl Infrastructure Hedged | 0.15% | $1.9bn | +6% | +42% |
| CIIH Hedged Active CB Glbl Infrastructure Income Hedged | 1.02% | $1.4bn | +11% | – |
| QAU Hedged Betashares Gold Bullion Hedged | 0.59% | $1.2bn | +6% | +112% |
| CIVH Hedged Active CB Glbl Infrastructure Value Hedged | 1.02% | $1.0bn | +10% | – |
| HNDQ Hedged Betashares Nasdaq 100 Hedged | 0.51% | $961m | +22% | +97% |
| IHOO Hedged iShares Global 100 Aud Hedged | 0.43% | $913m | +22% | +94% |
| REIT Hedged VanEck Ftse International Property (Aud Hgd) | 0.20% | $798m | +6% | +29% |
| HETH Hedged Betashares Global Sustainability Leaders Ch | 0.62% | $725m | +14% | +58% |
| GLPR Hedged iShares Ftse Gbl Property Ex Aus Hedged | 0.15% | $695m | +6% | +29% |
| TLRH Hedged Complex TMX Talaria Global Equity Fund Hedged | 1.20% | $495m | +18% | +27% |
| MICH Hedged Active Magellan Infra Fund Hedged | 1.06% | $426m | +6% | +40% |
| WXHG Hedged SPDR S&P Wld Ex Aus Cbn Aware (Hdg) | 0.10% | $410m | +15% | +67% |
| HJPN Hedged Betashares Japan Hedged | 0.56% | $355m | +43% | +107% |
| HQUS Hedged Beta S&P 500 Equal Weight Hedged | 0.32% | $301m | +12% | – |
| GHIF Hedged Active New Ausbil Gbl Essential Infra Fund (Hdg) | 1.00% | $274m | – | – |
| FUEL Hedged Betashares Global Energy Comp Hedged | 0.57% | $268m | +39% | +44% |
| QHSM Hedged VanEck MSCI Intl SML Comp Quality Hedged | 0.62% | $262m | +4% | – |
| MNRS Hedged Betashares Global Gold Miners Hedged | 0.57% | $256m | +14% | +231% |
| NNWH Hedged Active Nanuk New World Fund Hedged | 1.10% | $249m | +31% | – |
| GHLD Hedged Global X Gold Bullion Hedged | 0.35% | $240m | +6% | – |
| BNKS Hedged Betashares Global Banks Hedged | 0.57% | $199m | +33% | +149% |
| DRUG Hedged Betashares Global Healthcare Hedged | 0.57% | $173m | +21% | +24% |
| HVLU Hedged VanEck MSCI International Value Hedged | 0.43% | $164m | +58% | – |
| LPHD Hedged Active Loftus Peak Global Disruption Hedged | 1.20% | $157m | +22% | – |
| + 25 more – see them all on ReviewETF → |
Compare every currency hedged ETF side by side on ReviewETFI couldn’t find a simple way to compare ETFs like these, so I built ReviewETF: free, with fees, size, performance and holdings for all 500+ Australian ETFs.
Open on ReviewETF →
Hedged or unhedged?
UnhedgedYou get the investment’s return plus or minus the currency move. A falling Australian dollar boosts returns; a rising one hurts.
HedgedRemoves most of the currency effect, so you get the return in the local market. Often used when the Australian dollar is low and expected to rise.
How to use currency hedged ETFs
Many investors hold both: part of their international shares hedged and part unhedged, so they don’t need to predict the Australian dollar. It’s a portfolio decision rather than a trade, which is a big part of how we build the core.
Read more: Core and satellite investing · When to buy an ETF
Want to know which of these I’d look at now? Members get my weekly view on every ETF trend, plus what we’re buying, holding and selling.
Try it free for 30 days → Frequently asked questions
How many currency hedged ETFs are there in Australia?
At 30 September 2026 there were 55 currency hedged ETFs listed on the ASX and TMX, with about $38.9bn invested.
What is the largest currency hedged ETF?
VGAD (Vanguard MSCI International Shre Hedged) is the largest, with about $7.9bn invested at 30 September 2026.
Which currency hedged ETF has the lowest fee?
V5AH has the lowest management fee at 0.09% a year. Fees are only one factor: also compare what each fund holds, its size and how closely it tracks its index.
More ETF lists
Data: TMX Australia Funds Report, month ending 30 September 2026. Fee = management cost (% a year). Size = funds under management. Returns are total returns; “–” = less than the full period of history. Tags: Hedged = currency hedged; Active = actively managed; Complex = complex product (read the PDS carefully); TMX = listed on TMX Australia rather than the ASX; New = listed in the past 12 months. General information only, not a recommendation to buy or sell any ETF. Consider your objectives, financial situation and needs, and read the PDS and TMD before investing. Past performance is not a reliable indicator of future performance.