Betashares Top 10 ETF Performers – FY25

As at 30 June 2025. Past performance is not an indicator of future performance. 

Financial adviser use only. Not for distribution to retail clients. 

Please note all past performance figures are as of 30 June 2025 and are not an indicator of future performance.  Past performance figures for periods greater than one year are available at betashares.com.au. All performance figures quoted in AUD. 

Betashares Video Games and Esports ETF (ASX: GAME) | 90.5% 

• GAME took the top spot over the past year by a significant margin as gaming companies experienced growth amid a backdrop of soaring adoption, and monetisation, particularly through in-game purchases and targeted advertising. 

• Gaming is no longer a niche, it has become a foundational pillar of the digital economy with games evolving to represent social platforms, fitness, educational and productivity tools, creator-driven economies, and sources of high-quality advertising and data collection. 

• GAME holds the leaders in gaming including Roblox, which has experienced over 12 billion plays of ‘Grow a Garden’ since its March launchi, Applovin, a gaming company turned AI-powered ad tech platform achieving rapid fundamental growthii, and Douyu, the leading Chinese game-centric live streaming platform that boasts 2.9 million paying usersiii. 

• Each of these examples highlights the incredible growth and influence the gaming industry is having in shaping today’s digital economy.  

Betashares Global Gold Miners Currency Hedged ETF (ASX: MNRS) | 58.1% 

Betashares Gold Bullion Currency Hedged ETF (ASX: QAU) | 38.35% 

• Our investment team has written countless articles about the gold price rally over the past few years since the price was below US$2,000 an ounce. The latest was last month, discussing whether gold can go higher from here. 

• Cyclical drivers: policy uncertainty, geopolitical tension, a challenged USD, and falling bond yields, have coincided with strong structural support: a significant increase in quarter-on-quarter central bank buying has sent the gold price to all-time highs. 

• What has been underappreciated has been the catch-up in gold miners over the past year. Having lagged the early stages of the gold rally commentators suggested that the miners’ traditional mantra as a leveraged play to the gold price only applied on the downside.  

• However, over the past year miners have played more than catch-up and our Global Gold Miners ETF outperformed our Gold Bullion ETF by 19.7%. If gold miners sustain their leveraged play on gold on the upside, and gold holds its ground or continues to rally, gold miners may be poised for strong performance going forward. 

Betashares Global Cybersecurity ETF (ASX: HACK) | 36.6% 

• HACK has been a standout performer for a number of years, returning, on average, 19.3% p.a. over the past five. 

• The case for cybersecurity companies, as outlined in a recent blog, continues to grow stronger. AI increasing the scalability and sophistication of threats to the public and private sectors, geopolitical tensions with cyber a major front in modern day warfare, increased national commitments to defence spending including cybersecurity budgets, and businesses consolidating security infrastructure looking for whole of company solutions. 

• These trends are directly benefiting the largest cybersecurity companies with established market leading security solutions for the private sector and government contracts for the public.  

• Consolidation is also happening at the industry level with large companies acquiring smaller companies that offer specialised solutions which they can then integrate into existing platforms. 

• HACK has benefited from strong M&A activity occurring in the cybersecurity industry with 28 portfolio companies having been taken over since the fund’s inception. 

Betashares Global Banks Currency Hedged ETF (ASX: BNKS) | 33.7% 

• The rise of the global banking industry is another story we have closely followed and reported on this year.  

• US banks are reporting record profits driven by a revival in capital market and investment banking fees. We are still in the very early stages of the recovery, which is also being experienced globally outside of the US, with levels coming off multi decade lows following recessionary fears that dulled activity in 2022 and 2023iv.  

• Looking ahead H2 is expected to bring deregulation from the US administration with hopes that M&A red tape being cut and activity picking up leading to the next leg up for the US sector. 

• Meanwhile European banks, having suffered through years of negative rates, fiscal austerity, and low investment are facing a much more promising outlook with higher yields, governments increasing fiscal expenditure on defence and infrastructure which could help revive private sector activity. Within Europe banks, alongside defence companies and infrastructure companies, are key sectors likely to benefit from the recent structural fiscal changes.  

Betashares Asia Technology Tigers ETF (ASX: ASIA) | 30.0% 

• The Chinese tech sector has had a whirlwind 5-years. From being one of the best performing and most promising sectors globally in 2020 to facing crippling government crackdowns through 2021 and 2022. The past few years have seen a return to positivity amongst investors, and more importantly, renewed support from the Chinese government.  

• Led last year by the revelation that even in the face of sanctions on their hardware, Chinese technology companies may be able to innovate their way to compete with the US giants in the AI race. This was enough for the Chinese government to end its years long shutout of the sector inviting prominent figures from the Chinese tech sector for meetings and introducing supportive policy. 

• Outside of just China, ASIA holds the largest technology companies across the region that are becoming essential to future tech growth globally, including the likes of TSMC, Samsung and SK Hynix. 

Betashares S&P/ASX Australian Technology ETF (ASX: ATEC) | 29.5% 

• While there has been much fanfare around global technology sectors Australian investors would do well to keep an eye on our own small but exciting technology companies at home. ATEC, having returned 29.5% over the past year has now returned 24.4% p.a. over the past 3 years and 17.2% p.a. since its unfortunate inception date of 4 March 2020. 

• Australia’s domestic tech sector is quickly becoming globally recognised, with companies like WiseTech, Pro Medicus, Xero, and Carsales amongst the leaders in their fields globally.  

• As would be expected from a smaller sized technology sector valuations are on the high end however so are year-on-year earnings growth figures. 

Betashares Global Royalties ETF (ASX: ROYL) | 28.3% 

• Clients seeking unique opportunities with growth and income potential in international equities, with very little overlap to typical high tech large cap exposure, should consider royalty companies. ROYL returned 28.3% over the past 12 months with a correlation of just .10 to the MSCI World Indexv. 

• Royalty companies are high margin and scalable in their operations as they earn revenue based on a percentage of production or sales without bearing the capital or operational costs of developing and operating the underlying assets. 

• Over the past year a lot of the investment cases we have outlined above have led to strong performance in large global royalty companies. For example, gold royalty companies, making up 33% of ROYL, enjoy the top line pass through of the higher gold price without margins being eroded by higher opex. The same is seen across the tech sector, with companies like ARM holdings licensing semiconductor IP technology, and in healthcare and energy. 

• Additionally, ROYL has commenced monthly distributions that will generally aim to reflect the historical cash flow yield of the underlying portfolio. The prior 12-month cash flow yield of ROYL’s portfolio was 6.5% as of 31 December 2024.