HGBL invests in the same large and mid-sized developed-market companies as BGBL, with the currency hedged to Australian dollars. It charges 0.11% a year, has $3.0b invested and returned +17.4% over the past year. The most similar ETF is BGBL, which overlaps with it by about 85%.
📅 As at 30 September 2026: fee, size and 1-year return from the TMX Australia funds report; holdings and overlap from HGBL’s published holdings as at 30 October 2026.
Is it a good time to buy HGBL?
Nobody can time the market perfectly, but you can check the trend before you buy. Here’s where HGBL stands right now.
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| Net flow, September | +$135m |
| Net flow, 2026 so far | +$650m |
| Average month in 2026 | +$72m |
Is the whole market risk on, caution or risk off this week? Members see it every Sunday, with the core ETF check-up.
🔒 See it free for 30 days →HGBL is in a base. Prices moving sideways can be a time to build a position gradually and watch which way the trend breaks. There’s no rush either way.
General information only, not a recommendation to buy or sell HGBL. Whether it suits you depends on your goals and the rest of your portfolio. Trend updated weekly; flows from the TMX Australia funds report (September 2026) and the Global X weekly market monitor. See every ETF’s trend in the ETF trend scanner, or read when to buy an ETF.
What is HGBL?
Index: Solactive GBS Developed Markets ex Australia Large & Mid Cap Index (hedged into Australian dollars) · Issuer: Betashares · Exchange: ASX
Top 10 holdings
The 10 largest companies make up 29% of HGBL.
| # | Company | Weight | |
|---|---|---|---|
| 1 | Apple IncInformation Technology | 5.65% | |
| 2 | NVIDIA CorpInformation Technology | 5.46% | |
| 3 | Microsoft CorpInformation Technology | 4.38% | |
| 4 | Alphabet (Google)Communication Services | 3.50% | |
| 5 | Amazon.com IncConsumer Discretionary | 2.65% | |
| 6 | Broadcom IncInformation Technology | 1.75% | |
| 7 | Meta Platforms IncCommunication Services | 1.54% | |
| 8 | Tesla IncConsumer Discretionary | 1.40% | |
| 9 | Eli Lilly & CoHealth Care | 1.36% | |
| 10 | Micron Technology IncInformation Technology | 1.14% |
Sector breakdown
ETFs most similar to HGBL
How much each ETF’s holdings overlap with HGBL, by weight. High overlap means owning both mostly doubles up.
| ETF | Overlap | |
|---|---|---|
| BGBLBetashares Global Shares ETF | 85% | Compare in calculator → |
| VGSVanguard MSCI Index International Shares ETF | 76% | HGBL vs VGS → |
| VGADVanguard MSCI Indx International Shre (Hedged) ETF | 76% | Compare in calculator → |
| IHVViShares S&P 500 Aud Hedged ETF | 67% | Compare in calculator → |
| IVViShares S&P 500 ETF | 67% | Compare in calculator → |
| UMAXBetashares S&P 500 Yield Maximiser Complex ETF | 67% | Compare in calculator → |
Head to head: VGS vs HGBL · all comparisons
Check HGBL against your own ETFs →Core or satellite?
CORE Global shares
HGBL is a core global holding, often paired with unhedged BGBL. Read more in core and satellite investing.
Read more: Hedged vs unhedged ETFs · Vanguard vs Betashares
HGBL FAQs
Is HGBL a good ETF?
HGBL is one of the cheapest hedged global ETFs available. It holds the same companies as BGBL; only the currency treatment differs. Whether it suits you depends on your goals and the rest of your portfolio.
What does HGBL invest in?
HGBL invests in the same large and mid-sized developed-market companies as BGBL, with the currency hedged to Australian dollars. Its largest holdings are Apple Inc, NVIDIA Corp, Microsoft Corp, and its biggest sector is information technology at about 35%.
What ETFs are similar to HGBL?
The ETFs with the most overlap with HGBL are BGBL (about 85%) and VGS (about 76%). Use the free ETF overlap calculator to check your own mix.
Should I own HGBL and BGBL together?
Usually there is little point: their holdings overlap by about 85%, so owning both mostly doubles up.
Fee, size and returns: TMX Australia Funds Report to 30 September 2026; returns are total returns, 5-year figure is cumulative. Holdings from Betashares as at 30 October 2026; sector split based on the holdings we can see, about 85% of the fund. Chart: TradingView. General information only, not a recommendation to buy or sell HGBL. Consider the PDS and TMD before investing.