At the end of October 2026, 11% of the 438 Australian ETFs we rate were in an uptrend, down from 14% at the end of September. 23% were in a downtrend. The strongest area was multi-asset (17% in an uptrend) and the weakest was property & infrastructure (0%).
October 2026 in four numbers
- 11% of 438 rated ASX ETFs were in an uptrend at the end of October 2026 (14% a month earlier).
- 66% were in a base (moving sideways) and 23% in a downtrend.
- 38 ETFs moved into an uptrend during October; 46 fell into a downtrend.
- Strongest asset class: multi-asset (17% in an uptrend). Weakest: property & infrastructure (0%).
Share of ETFs in an uptrend, month by month
The share of all rated Australian ETFs in an uptrend at each month end. The dashed line marks half.
Trends by asset class
| Asset class | ETFs | Uptrend | vs Sep | Base | Downtrend |
|---|---|---|---|---|---|
| Multi-asset | 12 | 17% | ▲ 17 pts | 67% | 17% |
| Global shares | 224 | 16% | ▼ 8 pts | 67% | 18% |
| Crypto | 8 | 12% | ▲ 12 pts | 88% | 0% |
| Commodities | 10 | 10% | ▼ 10 pts | 10% | 80% |
| Australian shares | 75 | 8% | ▲ 4 pts | 80% | 12% |
| Global bonds | 40 | 2% | ▼ 2 pts | 48% | 50% |
| Australian bonds | 50 | 2% | ▼ 6 pts | 64% | 34% |
| Property & infrastructure | 19 | 0% | ■ 0 pts | 79% | 21% |
ETFs that changed trend in October
Compared with the end of September. Largest ETFs first.
▲ Moved into an uptrend (38)
- ETHI Betashares Global Sustainability Leaders ETF
- TLRA Talaria Global Equity Fund Complex ETF
- QHAL VanEck MSCI International Quality (Aud Hedged) ETF
- IXJ iShares Global Healthcare ETF
- AQLT Betashares Australian Quality ETF
- QUS Betashares S&P 500 Equal Weight ETF
- QOZ Betashares Australia 200 Fundamental Value ETF
- DGVA Dimensional Global Value Trust - Active ETF
- AMVE AB Managed Volatility Equities Fund - MVE Class - Active ETF
- HETH Betashares Global Sustainability Leaders Ch ETF
- MMKT Betashares Australian Cash Plus Active ETF
- L1IF L1 Capital International (Unhedged) Active ETF
- QMIX State Street SPDR MSCI World Quality Mix ETF
- F100 Betashares Ftse 100 ETF
- TECH Global X Morningstar Global Technology ETF
…and 23 more. See them all in the ETF trend scanner.
▼ Fell into a downtrend (46)
- GOLD Global X Physical GOLD Structured
- HBRD Betashares Australian Credit Income Active ETF
- PMGOLD Perth Mint Gold Structured Product A
- QSML VanEck MSCI Intl Small Companies Quality ETF
- GDX VanEck Gold Miners ETF
- ETPMAG Global X Physical Silver Structured A
- VSO Vanguard MSCI Australian Small Companies Index ETF
- MQSD Macquarie Subordinated Debt Active ETF
- VDBA Vanguard Diversified Balanced Index ETF
- REIT VanEck Ftse International Property (Aud Hgd) ETF
- GXLD Global X Gold Bullion ETF
- GLPR iShares Ftse Gbl Property Ex Aus (Aud Hedged) ETF
- YLDX Coolabah Global Floating-Rate High Yield Complex ETF
- ESTX Global X Euro Stoxx 50 ETF
- GLDN iShares Physical Gold ETF
…and 31 more. See them all in the ETF trend scanner.
How we measure trend
An ETF is in an uptrend when its price is above its 20-day exponential moving average and the 10, 20, 50 and 200-day exponential averages are stacked in order, or it has made a new all-time high. A downtrend is the reverse. Everything else is a base. A new stage must hold for five trading days. Read how base and trend works, or see this week’s numbers on the ETF Data Desk and every ETF in the ETF trend scanner.
FAQs
How many ASX ETFs were in an uptrend in October 2026?
11% of the 438 Australian ETFs rated by ETF Adviser were in an uptrend at the end of October 2026, compared with 14% at the end of September.
Which asset class was strongest in October 2026?
Multi-asset, with 17% of ETFs in an uptrend. The weakest was property & infrastructure, at 0%.
How is an uptrend measured?
An ETF is in an uptrend when its price is above its 20-day exponential moving average and the 10, 20, 50 and 200-day exponential averages are stacked in order, or it has made a new all-time high. A downtrend is the reverse. Everything else is a base. A new stage must hold for five trading days.
ETF Adviser, “ASX ETF Trend Report: October 2026”, https://etfadviser.com.au/etf-data/october-2026/General information only, not a recommendation to buy or sell any ETF. Trends describe the past and can change quickly; past performance is not a reliable indicator of future performance. Data from ETF Adviser’s weekly trend model (10, 20, 50 and 200-day exponential moving averages) using daily closing prices, as at 28 October 2026. Cash ETFs and ETFs too new to rate are left out.