Is FUEL a good ETF?
FUEL is the BetaShares Global Energy Companies ETF from BetaShares. It tracks the Nasdaq Global ex-Australia Energy Companies Currency Hedged AUD Index. We classify it under Intl and Thematic. With about $266 million in assets it is a solidly established fund. Listed on the ASX since 2015-07-09 (over 11 years ago).
On a total-return basis, FUEL has delivered 7.99% a year over 10 years (ranked 65th of 110 ETFs we track), 17.88% a year over 5 years (ranked 12th of 189 ETFs we track), 14.33% a year over 3 years (ranked 91st of 236 ETFs we track), and 39.9% a year over 1 year (ranked 15th of 318 ETFs we track). Its strongest showing is over 1 year, where it sits in the top 5% of all ETFs we track.
The management fee of 0.57% is on the higher side. For comparison, similar ETFs average around 0.46%. If cost is your priority, QRE (0.34%) cover similar ground for less. It pays a healthy 4.18% yield, attractive if you want regular income. Bear in mind distributions are taxed each year at your marginal rate, so a high yield is less tax-efficient for higher earners and during the accumulation phase.
Over the past 10 years its volatility has been high (annualised standard deviation around 23.16%), meaning a bumpy ride with deep drawdowns. Its 10-year Sharpe ratio of 0.35 is weak — that's the return it has earned per unit of risk taken (higher is better).
Portfolio turnover is modest at about 20% a year — it reshuffles a meaningful but still limited part of the portfolio annually, which keeps the tax and trading drag manageable.
Strengths
- Top-5% returns over 1 year (15th of 318 ETFs we track).
- Pays a useful 4.18% income yield.
Things to watch
- Pricier than similar ETFs, which average around 0.46%.
- Cheaper alternatives exist: QRE.
- Weak risk-adjusted returns (10-year Sharpe ratio 0.35).
- High volatility (23.16% over 10 years) — expect deep drawdowns.
- Highly concentrated single-theme bet — keep the position size small.
What FUEL's categories mean for you
How each category this ETF belongs to tends to behave across market cycles.
Global and international shares from outside Australia — broadening you into thousands of companies and the sectors (tech, healthcare) the local market lacks.
- Market regime
- Essential diversification away from the bank-and-resources-heavy ASX. Unhedged versions carry currency risk; hedged versions remove it at a small cost.
- In a portfolio
- A core holding for almost every long-term Australian portfolio.
A concentrated bet on a single trend — AI, battery tech, cybersecurity, robotics and the like. High conviction, high concentration, and often high fees.
- Market regime
- Frequently launched after a theme is already hot, which has historically been a poor entry point. Expect very large swings in both directions.
- In a portfolio
- A small satellite position at most. Treat it as a speculative tilt, never as a core holding.
General information only, generated from the fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.