There are 8 short and inverse ETFs on the ASX and TMX, with about $423m invested. The largest is BBOZ ($165m) and the lowest fee is 0.99% a year (BBAB, BBFD).
Short and inverse ETFs on the ASX
These complex funds aim to rise when an index falls. Several are geared, so they move more than the index.
How to use short and inverse ETFs
Short ETFs are short-term hedging tools, not investments to hold. Over time markets tend to rise, so these funds tend to lose money. In a falling market our approach is usually simpler: move satellites to cash.
Read more: Core and satellite investing · When to buy an ETF
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Frequently asked questions
How many short and inverse ETFs are there in Australia?
At 30 September 2026 there were 8 short and inverse ETFs listed on the ASX and TMX, with about $423m invested.
What is the largest short ETF?
BBOZ (Betashares Aus Equities Strong Bear) is the largest, with about $165m invested at 30 September 2026.
Which short ETF has the lowest fee?
BBAB, BBFD have the lowest management fee at 0.99% 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.