ASX ETF Momentum Leaders 2026: Top 10 by Quarterly Return
Updated: 2 hours ago
Written by Christopher Hall, AdvDipFP | Authorised Representative, AFSL 526688 | Updated October 2026
Data current as of 10 October 2026.
The best performing ASX-listed ETF over the past quarter is the Betashares Ethereum ETF (QETH), up 33.40% in total return to 10 October 2026, its sixth consecutive week in first place but down from 50.99% a week earlier. Second, for the fourth week running, is the Betashares Crude Oil Index ETF – Currency Hedged (Synthetic) (OOO) at +29.18%. The DigitalX Bitcoin ETF (BTXX) rises from 6th to 3rd at +25.03%, the first time it has reached the top three in this weekly record. This page ranks the ASX ETF universe by quarterly momentum and is updated weekly.
Finer Market Points ranks the ASX-listed exchange traded product universe by quarterly total return. This week's export carried 414 quoted lines, of which 11 were individual company shares (not exchange traded products) and were removed before ranking. Of the remaining 403 ETPs, 398 carried a usable quarterly return figure; five did not (four reported zero across the reported periods and one returned an overflow error) and were excluded rather than scored as 0%.
This Week's Top 10 ASX ETFs by Quarterly Momentum — as at 10 October 2026
Every ASX-listed exchange traded fund tracked by Finer Market Points is ranked here by quarterly total return, updated every week, with figures as at 10 October 2026; returns are total returns rather than price-only.
Rank | Ticker | ETF | Theme | Quarterly total return to 10 Oct 2026 | Rank a week earlier |
1st | QETH | Betashares Ethereum ETF | Ether (single crypto asset) | +33.40% | 1st |
2nd | OOO | Betashares Crude Oil Index ETF (Currency Hedged, Synthetic) | Crude oil futures (single commodity) | +29.18% | 2nd |
3rd | BTXX | DigitalX Bitcoin ETF | Bitcoin (single crypto asset) | +25.03% | 6th |
4th | IBIT | iShares Bitcoin ETF | Bitcoin (single crypto asset) | +24.64% | 5th |
5th | VBTC | VanEck Bitcoin ETF | Bitcoin (single crypto asset) | +24.57% | 3rd |
6th | QBTC | Betashares Bitcoin ETF | Bitcoin (single crypto asset) | +24.52% | 4th |
7th | CLDD | Betashares Cloud Computing ETF | Global cloud computing / SaaS | +17.58% | 7th |
8th | BUGG | Global X Cybersecurity ETF | Global pure-play cybersecurity | +16.06% | 8th |
9th | FUEL | Betashares Global Energy Companies ETF | Global energy companies (equity) | +15.65% | 9th |
10th | GDX | VanEck Gold Miners ETF | Global gold miners (equity) | +15.04% | 13th |
Price and performance data sourced from the Australian Warrant Exchange (AXW), an ASX market, via Finer Market Points' ASX-listed ETF watchlist ranked by quarterly total return as at 10 October 2026. Individual company shares that appear in the same watchlist export are excluded. MNRS (Betashares Global Gold Miners ETF, Currency Hedged) stayed 11th (+13.70% to +14.61%) and missed the board by 0.43 percentage points; HACK fell from 10th to 13th (+13.96% to +12.38%).
Five of the top six places are single-asset crypto funds for a third straight week, and a commodity fund still holds second. QETH's sixth straight week atop the table is the longest active leadership run on this page, but its 33.40% is the lowest first-place figure here since 4 September (33.05%). The top of the table fell sharply while the bottom rose: first place was +50.99% a week earlier and tenth place +13.96%, against +33.40% and +15.04% now, so the gap between first and tenth narrowed from 37.02 to 18.36 percentage points.
Why Did the Bitcoin Cluster Reshuffle While Ether's Lead Narrowed?
Every crypto fund on the board lost ground this week. Weekly returns ranged from QETH's −9.63% to VBTC's −4.83%, and quarterly returns fell by more than the week alone, consistent with a strong stretch from thirteen weeks ago leaving the comparison window. QETH fell 17.59 percentage points (50.99% to 33.40%), which cut its lead over OOO to 4.22 percentage points from 13.61. Among the four bitcoin funds, BTXX fell the least (9.37 points, 34.41% to 25.03%), ahead of IBIT (9.78), QBTC (10.00) and VBTC (10.67) — enough to move BTXX from 6th to 3rd and VBTC from 3rd to 5th. The four funds track the same asset and finished within 0.51 percentage points of one another, narrower than the 0.84-point band a week earlier, so the order is set by exactly which days rolled in and out of each fund's 13-week window.
Why Is a Crude Oil ETF Still in Second Place?
OOO's second place again reflects the crude oil futures price, not oil producers' shares. The fund is a synthetic, currency-hedged tracker of WTI crude oil futures and holds no companies. Its quarterly return fell 8.20 percentage points to 29.18%. Its weekly return was −2.24% and its monthly return turned negative at −1.63%, from +5.91% a week earlier, while its one-year return of +63.78% remains the strongest in this week's Top 10.
Do QETH, OOO and BTXX Have Anything in Common?
No. None of the three holds a company at all, for the third week running. QETH holds ether, BTXX holds bitcoin and OOO holds crude oil futures via derivatives, so no overlap is possible between any pair. The first all-non-equity top three in this series was QETH, OOO and IBIT on 25 September; last week VBTC stood in for IBIT, and this week BTXX does. The fund-by-fund detail is in the full fund-by-fund comparison.
What Happened to Cybersecurity, Cloud Computing, Energy and Gold Miners?
Most equity funds held or improved their places, because they fell far less than crypto. CLDD slipped 3.85 percentage points to +17.58% and BUGG 1.11 points to +16.06%; both kept their rank (7th and 8th), and BUGG posted the strongest monthly return in the Top 10 at +19.45%. FUEL (Betashares Global Energy Companies ETF) held 9th at +15.65% on the best weekly return in the Top 10 (+3.86%). GDX (VanEck Gold Miners ETF) climbed from 13th to 10th at +15.04%, displacing HACK, which dropped to 13th at +12.38%. The BUGG and CLDD detail is tracked in the QETH vs OOO vs BUGG comparison, and the gold-miner mechanism in the ether and gold-miner comparison.
One detail worth reading carefully: one-year returns deepened again for the crypto funds. QETH's one-year return fell to −61.72% (from −52.42%) and the three bitcoin funds reporting a one-year figure fell to between −44.85% and −46.27% (from −37.09% to −37.95% a week earlier). That is a 12-month comparison, not a measure of this quarter: it can worsen while the most recent quarter remains strongly positive.
How the Best Performing ASX ETFs Are Ranked Here
The method, stated plainly. Every ASX-listed exchange traded product in the Finer Market Points watchlist is ranked on one measure and one only: total return over the most recent quarter, approximately 90 days, with distributions included rather than price movement alone. There is no scoring model, no weighting between time periods and no discretionary overlay. Individual company shares are removed before the sort, and any product returning no data for the period is excluded from ranking rather than treated as a 0% return. Weekly, monthly and one-year returns appear throughout this page as context but never affect the ranking order.
The measure is deliberately backward-looking. It records which themes have already led over the quarter; it is not a forecast and not a recommendation to buy any fund. The list is rebuilt from scratch every week from the latest weekly export.
This list ranks individual funds. It does not rank the ETF market by category. That group-level view is maintained separately in how ASX ETF categories compare.
Related FMP Coverage
This week's deep dive: the full fund-by-fund comparison — QETH vs OOO vs BTXX
Last week's trio: the QETH vs OOO vs VBTC comparison
The category-level view: how ASX ETF categories compare
Individual stock momentum: the weekly ASX stock momentum leaders
Access the Research Behind This List
Finer Market Points publishes the weekly Top 30 ASX momentum data — the same proprietary research framework behind this ETF list. Members receive the underlying educational data and weekly analysis discussed in reports like this one through the FMP YouTube Membership.
Remember that past performance is no guarantee of future results, and all trading involves risk.
Frequently Asked Questions
What is the best performing ASX ETF right now?
As at 10 October 2026, the Betashares Ethereum ETF (QETH) leads the ASX-listed ETF universe with a quarterly total return of 33.40%, its sixth consecutive week in first place. Second is the Betashares Crude Oil Index ETF – Currency Hedged (Synthetic) (OOO, +29.18%) and third the DigitalX Bitcoin ETF (BTXX, +25.03%). Performance data is sourced from the Australian Warrant Exchange (AXW), an ASX market.
Why did BTXX move up to third place?
BTXX's quarterly return fell 9.37 percentage points this week, less than IBIT (−9.78), QBTC (−10.00) or VBTC (−10.67), moving it from 6th to 3rd and VBTC from 3rd to 5th. All four funds track bitcoin and finished within 0.51 percentage points of each other, so the gap is a difference in exactly which days rolled into and out of each fund's 13-week window.
Why is a crude oil ETF in second place?
OOO tracks WTI crude oil futures via a synthetic, currency-hedged structure and holds no companies. Its one-year return of 63.78% is the strongest in this week's Top 10, even though its most recent monthly return turned negative at −1.63%.
Do QETH, OOO and BTXX have anything in common?
No. QETH holds only ether, BTXX holds bitcoin and OOO holds crude oil futures, so none of the three holds any company and no overlap between any pair is possible — the third consecutive week with an all-non-equity top three.
Why did QETH's quarterly return fall so much while it stayed first?
QETH's quarterly return fell 17.59 percentage points to 33.40% after a weekly return of −9.63%. The quarterly figure covers about 13 weeks, so a strong period leaving the window removes more than the latest week alone adds or subtracts. It still leads OOO by 4.22 percentage points, down from 13.61.
Which ETFs entered or left the Top 10 this week?
GDX (VanEck Gold Miners ETF) entered the Top 10 at 10th (+15.04%, up from 13th) and HACK (Betashares Global Cybersecurity ETF) dropped out to 13th (+12.38%). MNRS stayed 11th, 0.43 percentage points below GDX.
How is this ASX ETF momentum list calculated?
ASX-listed exchange traded products are ranked on one measure only: total return over the most recent quarter, approximately 90 days, with distributions included rather than price movement alone. There is no scoring model, no weighting between time periods and no discretionary overlay. Individual company shares are removed before the sort, as is any product returning no data for the period, which is excluded from ranking rather than scored as a 0% return.
How many ASX ETFs does this ranking cover?
This week's export contained 414 quoted lines, of which 11 were individual company shares rather than exchange traded products and were removed. Of the remaining 403 ETPs, 398 carried a usable quarterly return and were ranked; five returned no usable figure and were excluded.
Sources
# | Source | Detail | Accessed |
1 | Australian Warrant Exchange (AXW), an ASX market | ASX-listed ETF price and weekly, monthly, quarterly and one-year total return data, as at 10 Oct 2026 | 10 Oct 2026 |
2 | Betashares — QETH fund page | QETH structure, underlying fund, management fee, net assets (27 Aug 2026) and the issuer's own risk statement | 29 Aug 2026 |
3 | Betashares — OOO fund page | OOO index, structure, management fee, net assets (16 Sep 2026) and the issuer's own risk statement | 18 Sep 2026 |
4 | DigitalX — BTXX fund page and July 2026 factsheet | BTXX objective, structure, custodian, management fee, net assets (30 Sep 2026) and the issuer's own risk statement | 10 Oct 2026 |
5 | Finer Market Points | Momentum research framework and ETF watchlist methodology | 10 Oct 2026 |
All fund facts on this page come from each provider's own fund page, factsheet or product disclosure statement; no third-party aggregator was used for fund facts this edition.
This content is for educational purposes only and does not constitute financial advice. Past performance is no guarantee of future results.
The information, opinions and other materials appearing on this website are of a general nature only and shall not be construed as advice. Finer Market Points Pty Ltd, CAR 1304002, AFSL 526688, ABN 87 645 284 680. This general information is educational only and not financial advice, recommendation, forecast or solicitation. This is not taxation advice. Rose Bay Equities accepts no responsibility for the accuracy or completeness of the information, opinions or other materials provided on or accessible through this website. This website has not been prepared with reference to your individual financial or personal circumstances. You should not rely on any advice on this website without first seeking appropriate professional, financial and legal advice. Further, where Rose Bay Equities makes third party material available or accessible through this website you acknowledge that Rose Bay Equities is a distributor and not a publisher of that content and that its editorial control is limited to the selection of those materials to make available. We accept no liability for any loss or damages arising from use. Authors and presenters may hold positions in discussed companies and investment products.
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