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Best performing ETFs: top 25 over 12 months

The 25 ASX ETFs with the highest total return over the past year, excluding geared and complex products.

Joshua Stega, financial adviser· Data to 30 September 2026· Updated monthly
THE SHORT ANSWER

Over the 12 months to 30 September 2026, the best performing ETF was IKO (iShares MSCI South Korea) at +125%, followed by SEMI and HVLU. The 25th best returned +23%.

Top 25 ETFs over 12 months

Ranked by 1-year total return. Geared and complex products are excluded, because their returns are magnified by borrowing.

Top 25 by 1-year return
ETFFEESIZE1 YR3 YR
IKO
iShares MSCI South Korea
0.45%$198m+125%+203%
SEMI
Global X Semiconductor
0.45%$1.1bn+109%+287%
HVLU Hedged
VanEck MSCI International Value Hedged
0.43%$164m+58%–
ASIA
Betashares ASIA Technology Tigers
0.67%$1.5bn+55%+196%
HGEN
Global X Hydrogen
0.69%$46m+55%+82%
IVHG Hedged TMX
iShares MSCI World ex Australia Value Hedged
0.28%$8m+54%–
CURE
Global X S&P Biotech
0.45%$50m+51%+99%
IAA
iShares Asia 50
0.29%$1.8bn+50%+151%
VLUE
VanEck MSCI International Value
0.40%$643m+47%+97%
HJPN Hedged
Betashares Japan Hedged
0.56%$355m+43%+107%
IVLU TMX
iShares MSCI World ex Australia Value
0.25%$43m+43%–
EMXC
iShares MSCI Emerging Markets Ex China
0.25%$395m+42%–
EMKT
VanEck MSCI Multifactor Em Markets Equity
0.69%$839m+40%+99%
FUEL Hedged
Betashares Global Energy Comp Hedged
0.57%$268m+39%+44%
WIRE
Global X Copper Miners
0.65%$916m+38%+125%
BNKS Hedged
Betashares Global Banks Hedged
0.57%$199m+33%+149%
OZR
SPDR S&P/ASX 200 Resources
0.34%$285m+33%+44%
QRE
Betashares Australian Resources Sector
0.34%$460m+32%+44%
NNWH Hedged Active
Nanuk New World Fund Hedged
1.10%$249m+31%–
AINF
Global X Ai Infrastructure
0.57%$202m+27%–
XMET
Betashares Critical Minerals
0.69%$140m+26%+99%
HACK
Betashares Global Cybersecurity
0.67%$1.7bn+26%+105%
MVR
VanEck Australian Resources
0.35%$836m+25%+40%
GXAI
Global X Artificial Intelligence
0.57%$284m+25%–
NNUK Active
Nanuk New World Fund
1.10%$975m+23%+78%
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How to use best performing ETFs

A list like this is a starting point for research, not a shopping list. Last year’s winners are rarely next year’s, and buying after a big run is how investors buy at the high. What matters is spotting the next trend while it’s starting, and having a plan to get out when it ends.

Read more: Core and satellite investing · When to buy an ETF

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Frequently asked questions

How many best performing ETFs are there in Australia?

At 30 September 2026 there were 25 best performing ETFs listed on the ASX and TMX, with about $13.6bn invested.

What is the largest best performing ETF?

IAA (iShares Asia 50) is the largest, with about $1.8bn invested at 30 September 2026.

Which best performing ETF has the lowest fee?

IVLU, EMXC have the lowest management fee at 0.25% a year. Fees are only one factor: also compare what each fund holds, its size and how closely it tracks its index.

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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.

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