Is OZR a good ETF?
OZR is the State Street SPDR S&P/ASX 200 Resources ETF from State Street. It tracks the S&P/ASX 200 Resources Index. We classify it under AU and Thematic. With about $274 million in assets it is a solidly established fund.
On a total-return basis, OZR has delivered 14.55% a year over 10 years (ranked 11th of 108 ETFs we track), 10.61% a year over 5 years (ranked 48th of 188 ETFs we track), 10.86% a year over 3 years (ranked 103rd of 226 ETFs we track), and 44.56% a year over 1 year (ranked 16th of 308 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 0.34% is reasonable. That's cheaper than the typical 0.39% for similar ETFs. It pays a moderate 2.4% yield.
Over the past 10 years its volatility has been elevated (annualised standard deviation around 19.09%), meaning noticeably larger swings than the broad market. Its 10-year Sharpe ratio of 0.69 is reasonable — that's the return it has earned per unit of risk taken (higher is better).
Portfolio turnover is low at about 18% a year — it trades only a small slice of its holdings each year, so trading costs and tax on realised gains stay modest — typical of a passive index strategy.
Strengths
- Top-5% returns over 1 year (16th of 308 ETFs we track).
- Low-cost: a 0.34% management fee keeps more of the return in your pocket.
Things to watch
- Highly concentrated single-theme bet — keep the position size small.
Good to know
- Distributions are 85% franked, a tax bonus for Australian residents.
- Australian focus means franked dividends and no currency risk, but heavy concentration in banks and miners.
What OZR's categories mean for you
How each category this ETF belongs to tends to behave across market cycles.
Australian shares. Home-market familiarity, fully franked dividends and no currency risk for local investors — but very concentrated in banks and miners, which dominate the index.
- Market regime
- Sensitive to commodity prices, Chinese demand and domestic interest rates. Generous income, but narrow sector diversification.
- In a portfolio
- A natural core for Australian investors thanks to franking, but should be paired with global exposure so you aren't over-reliant on a handful of banks and resource giants.
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.