Betashares Energy Transition Metals 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 Global equity funds would cost $316 (0.63% a year), so XMET is $46 dearer.
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 · 40 securities · top 10 = 54.7%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 16.0 | 6.0 | −18.0 | 7.7 | 9.1 | −12.4 | −7.3 | 18.2 | −10.5 | −17.1 | −15.7YTD | ||
| 2025 | 7.4 | −3.1 | 2.6 | −6.2 | 2.3 | 10.7 | 12.0 | 10.2 | 15.3 | 4.5 | 6.9 | 11.0 | 100.5 |
| 2024 | −8.6 | −1.7 | 9.5 | 14.0 | −0.7 | −10.7 | 0.3 | −4.6 | 12.1 | 5.3 | −5.6 | −7.7 | −2.2 |
| 2023 | 10.8 | −5.7 | 1.6 | 0.0 | −3.1 | 1.9 | 4.0 | −5.3 | −7.1 | −7.7 | −0.1 | 9.2 | −3.5 |
| 2022 | 5.8 | −6.2 | −0.8 |
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.
XMET questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Betashares Energy Transition Metals ETF?
Betashares Energy Transition Metals ETF holds 40 securities, and its ten largest positions make up 54.7% of the fund, more concentrated than the 48.5% typical of Global equity funds. That makes it moderately diversified.
Its largest country exposure is Australia at 23.8%, and its biggest sector is Materials at 94.5%, based on holdings as at 2 Sept 2026.
Which ETFs does XMET double up with most?
XMET shares the most holdings with Global X Copper Miners ETF (WIRE) (35% overlap), Global X Green Metal Miners ETF (GMTL) (34% overlap) and Global X AI Infrastructure ETF (AINF) (24% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
None of these overlaps is above half, so pairing XMET with one of them adds some genuinely different holdings.
How is Betashares Energy Transition Metals ETF managed – active or passive?
Betashares Energy Transition Metals ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among Global equity funds, active funds charge a median 0.99% a year and index funds 0.53%.
What will I pay in fees for XMET?
XMET charges a management fee of 0.69% a year, about $69 for every $10,000 invested. Only 23% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among Global equity funds, the median is 0.58%.
Lower-cost funds with a similar focus include VanEck Australian Resources ETF (MVR) at 0.35%, Betashares Resources Sector ETF (QRE) at 0.34% and SPDR S&P/ASX 200 Resources ETF (OZR) at 0.34%.
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 0.18% for XMET.
Does Betashares Energy Transition Metals ETF follow a theme?
Yes. Betashares Energy Transition Metals ETF focuses on resources and mining, and its largest sector is Materials at 94.5% of the fund. Thematic funds are narrower than the broad market, so they can rise or fall much more than it does.
Other ASX funds with a resources and mining focus include VanEck Australian Resources ETF (MVR), Betashares Resources Sector ETF (QRE), SPDR S&P/ASX 200 Resources ETF (OZR) and Global X Physical Precious Metals Basket (ETPMPM).
What is under the hood of XMET?
As at 2 Sept 2026, XMET's ten largest holdings are Pilbara Minerals Ltd (6.2%), BHP Group Ltd (6.0%), Freeport-Mcmoran Inc (5.6%), Anglo American PLC (5.6%), First Quantum Minerals Ltd (5.6%), Sociedad Quimica Y Minera de C (5.5%), Teck Resources Ltd (5.5%), Southern Copper Corp (5.1%), Mp Materials Corp (4.8%) and Lynas Rare Earths Ltd (4.8%). Together they make up 54.7% of the fund.
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings. Its top 10 weighting of 54.7% compares with 48.5% for Global equity funds.
How well has Betashares Energy Transition Metals ETF performed?
Based on its category, Betashares Energy Transition Metals ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 2.3% over 1 year (median 4.6%; ranked 19 of 30) and 20.6% a year over 3 years (median 13.7% a year; ranked 6 of 23). The medians and rankings compare it with Global equity funds. Since listing in 2022 it has returned 1.3% 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 XMET; 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 0.69% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.