2019 ETF Research Report, Australian Share ETFs, ETF Performance Tables

ETF Performance Tables – Australian Share ETFs

Summary of all Australian Share ETFs by Performance and Returns.

Overall Trends and Average Returns

Australian Share ETFs (excluding leveraged ETFs) delivered an average return of 11% over the past year. If we strip out ETFMs, this figure rises to 12.1%. Rules Based (Smart-Beta) ETFs returned an average performance of 9% whereas Broad based ETFs returned an average of 13.1%, demonstrating why we prefer low cost broad based ETFs in our portfolios.

Of the Smart-Beta strategies, the iShares Edge MSCI Australia Minimum Volatility ETF (MVOL) did its defensive job being a strong performer returning 12.4% over the volatile year. Australian Share (Ethical) ETFs continue their strong momentum, returning an average of 12.3%.

Best Performing Australian Share ETF

Australian Shares (Sectors) outperformed with both Property and Resources ETFs delivering an average 1 year return of 28.6% and 25.7% respectively. The VanEck Vectors Australian Property ETF (MVA) returned 34% whilst Vanguard Australian Property Securities Index ETF (VAP) returned 26%. The difference is likely due to the higher concentration MVA has to office/industrial property shares which have outperformed retail property shares.

Worst Performing Australian Share ETF

Australian Share ETMFs continue to disappoint returning an average of 5.9% (almost half the average broad based ETF), proving passive is outperforming active strategies. The worst performing Australian Share ETF was the K2 Australian Small Cap Fund (Hedge Fund) (KSM) down -14.3%.

Largest Inflows/Outflows

The Vanguard Australian Shares ETF (VAS) and Betashares Australia 200 ETF (A200) received the majority of the flows, with $722m and $524m respectively. A200’s launch has resulted in outflows from two of the dominant ETFs that track the ASX 200 Index, being the SPDR S&P/ASX 200 (STW) and iShares Core S&P/ASX 200 ETF (IOZ) who saw large outflows of -$221m and -$188m respectively.

We also saw noticeable outflows in high dividend yielding strategies with The BetaShares Australia Top 20 Equity Yield Max Fund (YMAX) losing -$69m and BetaShares Australian Dividend Harvester Fund (Managed Fund) (HVST) losing -$43m. These ETFs did not keep pace with other yielding strategies, potentially due to investors losing appetite for active strategies and a preference for more vanilla ETFs.

New Funds

3 new Australian Share ETFs came to market over the year. A200 launched in May 2018 and is the lowest cost Australian Share ETF on the market charging just 0.07% p.a. 2 new active funds also launched with EInvest Income Generator Fund (Managed Fund) (EIGA) and InvestSMART Australian Equity Income Fund (Managed Fund) (INIF) launching in May 2018 and June 2018 respectively. Both active strategies have had reasonable uptake, with INIF having $39m in FUM and EIGA having $23m.

Stockspot’s chosen Australian share ETF

Our chosen Australian Share ETF, the Vanguard Australian Shares ETF (ASX: VAS) returned 11.7% over the past year, slightly underperforming the large cap bias focused ETFs. VAS has still been a top performer returning 11.3% p.a. over the last 3 years and continues to close the gap on STW in the FUM race.

For more information, we compared VAS to its peers in our Australian Share ETF Review.

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Australian Share ETFs Performance Table

Australia Share ETFs (Broad Based)

CodeFund NameFee (MER)FUM Mar’19 ($m)FUM change ($m)1 Yr Return3 Yr Return (p.a)
A200Betashares Australia 200 ETF0.07%545545
IOZiShares Core S&P/ASX 200 ETF0.15%1142-11411.9%11.4%
ILCiShares S&P/ASX 20 ETF0.24%307114.3%10.8%
STWSPDR S&P/ASX 200 0.19%35786611.9%11.3%
SFYSPDR S&P/ASX 50 0.29%5346214.0%11.1%
VASVanguard Australian Shares Index ETF0.14%345892511.7%11.3%
VLCVanguard MSCI Australian Large Companies Index ETF0.20%85714.4%10.7%
Avg0.18%13.1%11.1%
Total96491493
See how our ETF portfolios have performed

Australia Share ETFs (Rules Based – Size)

CodeFund NameFee (MER)FUM Mar’19 ($m)FUM change ($m)1 Yr Return3 Yr Return (p.a)
EX20BetaShares Australian Ex-20 Portfolio Diversifier ETF0.25%115898.1%
ISOiShares S&P/ASX Small Ordinaries ETF0.55%103215.8%10.8%
MVWVanEck Vectors Australian Equal Weight ETF0.35%70826110.6%12.1%
MVEVanEck Vectors S&P/ASX MidCap 50 ETF0.45%101333.6%
MVSVanEck Vectors Small Cap Dividend Payers ETF0.49%60-76.6%10.0%
SSOSPDR S&P/ASX Small Ordinaries Fund0.50%2231.7%10.6%
VSOVanguard MSCI Australian Small Companies Index ETF0.30%237846.9%11.7%
Avg0.41%6.2%11.1%
Total1346483

Australia Share ETFs (Rules Based – Yield)

CodeFund NameFee (MER)FUM Mar’19 ($m)FUM change ($m)1 Yr Return3 Yr Return (p.a)
DIVUBS IQ Morningstar Australia Dividend Yield ETF0.30%9-178.2%6.6%
FDIVVanEck Vectors S&P/ASX Franked Dividend ETF0.35%7313.0%
IHDiShares S&P/ASX High Dividend Yield ETF0.30%237-1410.1%8.4%
RDVRussell High Dividend Australian Shares ETF0.34%268-127.5%8.4%
SYISPDR MSCI Australia Select High Dividend Yield Fund0.35%151-287.9%9.0%
VHYVanguard Australian Shares High Yield ETF0.25%11211079.8%9.2%
ZYAUETFS S&P/ASX 300 High Yield Plus ETF0.35%92419.6%
Avg0.32%9.4%8.3%
Total188580
See how our ETF portfolios have performed

Australia Share ETFs (Rules Based – Ethical)

CodeFund NameFee (MER)FUM Mar’19 ($m)FUM change ($m)1 Yr Return3 Yr Return (p.a)
FAIRBetaShares Australian Sustainability Leaders ETF0.49%24415614.8%
RARIRussell Australian Responsible Investment ETF0.45%114459.9%9.2%
UBAUBS IQ MSCI Australian Ethical ETF0.17%1911512.3%11.7%
Avg0.37%12.3%10.5%
Total559216

Australia Share ETFs (Rules Based – Other)

CodeFund NameFee (MER)FUM Mar’19 ($m)FUM change ($m)1 Yr Return3 Yr Return (p.a)
Value
QOZBetaShares FTSE RAFI Australia 200 ETF0.40%232-249.5%12.1%
Quality
ETFUBS IQ Morningstar Australia Quality ETF0.30%7-17.5%5.8%
Minimum Volatility
MVOLiShares Edge MSCI Australia Minimum Volatility ETF0.30%231712.4%
Multifactor
AUMFiShares Edge MSCI Australia Multifactor ETF0.30%1469.5%

Australia Share ETFs (Sector – Financials)

CodeFund NameFee (MER)FUM Mar’19 ($m)FUM change ($m)1 Yr Return3 Yr Return (p.a)
MVBVanEck Vectors Australian Bank ETF0.28%42134.5%9.0%
QFNBetaShares Australian Financials Sector ETF0.39%2391.5%5.9%
OZFZSPDR S&P/ASX 200 Financials ex A-REITs Fund0.40%69101.4%6.4%
Avg0.36%2.5%7.1%
Total13433

Australia Share ETFs (Sector – Resources)

CodeFund NameFee (MER)FUM Mar’19 ($m)FUM change ($m)1 Yr Return3 Yr Return (p.a)
OZRSPDR S&P/ASX 200 Resource Fund 0.40%771827.3%28.0%
QREBetaShares Australian Resources Sector ETF0.39%32-8627.9%28.0%
MVRVanEck Vectors Australian Resources ETF0.35%56-2522.0%24.8%
Avg0.38%25.7%26.9%
Total166-93

Australia Share ETFs (Sector – Property)

CodeFund NameFee (MER)FUM Mar’19 ($m)FUM change ($m)1 Yr Return3 Yr Return (p.a)
MVAVanEck Vectors Australian Property ETF0.35%2019933.9%13.1%
SLFSPDR S&P/ASX 200 Listed Property Fund0.40%6115725.7%9.7%
VAPVanguard Australian Property Securities Index ETF0.23%127929626.2%10.3%
Avg0.33%28.6%11.0%
Total2092452

Australia Share ETFs (Active)

CodeFund NameFee (MER)FUM Mar’19 ($m)FUM change ($m)1 Yr Return3 Yr Return (p.a)
AUSTBetaShares Managed Risk Australian Share Fund (Managed Fund)0.49%39148.0%7.0%
EIGAeInvest Income Generator Fund (Managed Fund)0.80%2323
EINCBetaShares Legg Mason Equity Income Fund (Managed Fund)0.85%20133.8%
HVSTBetaShares Australian Dividend Harvester Fund (Managed Fund)0.90%164-449.7%0.1%
INIFInvestSMART Australian Equity Income Fund (Managed Fund)1.24%3939
KSMK2 Australian Small Cap Fund (Hedge Fund)2.39%248-14.3%1.9%
RINCBetaShares Legg Mason Real Income Fund (Managed Fund)0.85%241619.3%
SMLLBetaShares Australian Small Companies Select Fund (Managed Fund)0.39%2894.9%
SWTZSwitzer Dividend Growth Fund (Managed Fund)0.89%7508.2%
YMAXBetaShares Australia Top20 Equity Yield Max Fund0.79%307-757.6%7.6%
Avg0.96%5.9%4.2%
Total7432

Australia Share ETFs (Leveraged)

CodeFund NameFee (MER)FUM Mar’19 ($m)FUM change ($m)1 Yr Return3 Yr Return (p.a)
BBOZBetaShares Australian Strong Bear (Hedge Fund)1.38%11936-24.2%-22.3%
BEARBetaShares Australian Equities Bear (Hedge Fund)1.38%47-7-10.5%-9.7%
GEARBetaShares Geared Australian Equity Fund (Hedge Fund)0.80%922216.0%18.6%
Avg1.19%-6.2%-4.5%
Total25852

Investment Associate

Marc has over 5 years experience in the financials services industry having previously worked for Morgan Stanley, AMP and KPMG. He holds a Bachelor of Business (Finance/Accounting) from the University of Technology Sydney (UTS), and has completed his Chartered Financial Analyst (CFA) Level 1.

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