Betashares Australian Momentum ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among Australian equity funds would cost $187 (0.37% a year), so MTUM is $5 cheaper.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 2 Sept 2026 · 91 securities · top 10 = 50.3%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.7 | 4.0 | −9.1 | 1.2 | −7.6 | 6.3 | 0.3 | 7.1 | −2.9 | −5.1 | −6.3YTD | ||
| 2025 | 5.5 | −5.2 | −5.1 | 4.6 | 6.7 | 2.2 | 0.8 | 4.5 | 0.0 | −1.5 | −2.4 | −0.5 | 9.2 |
| 2024 | 0.7 | 2.4 | 0.3 | 6.8 | −3.7 | 6.4 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
MTUM questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Betashares Australian Momentum ETF?
Betashares Australian Momentum ETF holds 91 securities, and its ten largest positions make up 50.3% of the fund, close to the 53.0% typical of Australian equity funds. That makes it moderately diversified.
Its country exposure is almost entirely Australia (100.0%), and its biggest sector is Materials at 54.8%, based on holdings as at 2 Sept 2026.
Which ETFs does MTUM double up with most?
MTUM shares the most holdings with VanEck Australian Resources ETF (MVR) (52% overlap), Betashares Wealthbuilder Aus200 Geared Complex ETF (G200) (51% overlap) and Betashares Geared Australian Equities Complex ETF (GEAR) (51% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 52%, owning both MTUM and MVR would mostly double up on the same investments rather than spread your money further.
How is Betashares Australian Momentum ETF managed – active or passive?
Betashares Australian Momentum ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks. Its index uses a momentum approach, so it is sometimes called "smart beta".
Among Australian equity funds, active funds charge a median 0.85% a year and index funds 0.34%.
What will I pay in fees for MTUM?
MTUM charges a management fee of 0.35% a year, about $35 for every $10,000 invested. That is cheaper than 58% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among Australian equity funds, the median is 0.35%.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.07% for MTUM.
Does Betashares Australian Momentum ETF follow a theme?
Not a theme as such, but it follows a momentum investment style: it tilts towards shares whose prices have been rising.
Other ASX funds using a momentum approach include Betashares Global Momentum ETF (GTUM).
What is under the hood of MTUM?
As at 2 Sept 2026, MTUM's ten largest holdings are Rio Tinto Ltd (10.0%), BHP Group Ltd (7.9%), Evolution Mining Ltd (5.2%), ANZ Group Holdings Ltd (4.9%), Telstra Group Ltd (4.8%), Macquarie Group Ltd (4.2%), Woodside Energy Group Ltd (3.8%), Pilbara Minerals Ltd (3.5%), Northern Star Resources Ltd (3.2%) and Woolworths Group Ltd (2.7%). Together they make up 50.3% of the fund.
Rather than simply weighting companies by market size, its index tilts towards shares whose prices have been rising.
How well has Betashares Australian Momentum ETF performed?
Based on its category, Betashares Australian Momentum ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned −10.2% over 1 year (median 0.6%; ranked 58 of 65). The medians and rankings compare it with Australian equity funds. Since listing in 2024 it has returned 4.5% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for MTUM; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.35% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.