Performance data is updated to 31 May 2026.
VanEck Australian Resources ETF (MVR) — Review & Analysis
MVR tracks the MVIS Australia Resources 25 Index — the 25 largest ASX-listed mining and energy companies including BHP, Rio Tinto, Fortescue, Woodside, South32 and Newmont. AUM is $575.26 million with a 0.35% p.a. management fee — sitting alongside QRE (0.34%) and OZR (0.34%) as the three main Australian resources sector funds. Compare them all on our commodities and resources ETF page.
The three ASX resources ETFs target the same universe with subtle differences. MVR caps individual stock weights more aggressively, which has historically given it a slight tilt toward mid-cap miners and away from the BHP/Rio duopoly.
QRE follows a Solactive index; OZR tracks the S&P/ASX 200 Resources Sub-Index. Returns between the three are broadly correlated but can diverge by 1-3% in any given year depending on how the index methodology handles capping and inclusion criteria.
Australian resources companies are heavily exposed to iron ore, gold, copper and energy prices, and to Chinese demand. MVR has historically had stronger inflation hedge characteristics than broad ASX exposure thanks to its commodity-heavy composition. Our inflation-proof your portfolio guide covers how resources fit into inflation strategies.
Performance (% return)
Investment Focus
Themes
Exposure Regions
Portfolio Breakdown
| Symbol | Company Name | % assets |
|---|---|---|
| BHP AU | Bhp Group Ltd | 8.18% |
| FMG AU | Fortescue Metals Group Ltd | 7.04% |
| RIO AU | Rio Tinto Ltd | 6.94% |
| WDS AU | Woodside Energy Group Ltd | 6.71% |
| NST AU | Northern Star Resources Ltd | 5.65% |
| STO AU | Santos Ltd | 5.57% |
| South32 Ltd | 5.45% | |
| EVN AU | Evolution Mining Ltd | 5.08% |
| ORG AU | Origin Energy Ltd | 4.44% |
| LYC AU | Lynas Rare Earths Ltd | 3.84% |
| Sector | % assets |
|---|---|
| Diversified Metals & Mining | 32.7% |
| Gold | 23.7% |
| Oil & Gas Exploration & Production | 12.5% |
| Steel | 8.1% |
| Electric Utilities | 4.9% |
| Commodity Chemicals | 3.8% |
| Coal & Consumable Fuels | 3.5% |
| Construction & Engineering | 2.9% |
| Copper | 2.3% |
| Oil & Gas Refining & Marketing | 2.3% |
| Rail Transportation | 1.9% |
| Diversified Chemicals | 1.5% |
| Other/Cash | 0% |
Related Reads
Commodity & Resource ETFs on the ASX: Every Way to Access Gold, Silver, Copper, Uranium, and More
There are 28 commodity and resource ETFs listed on the ASX, collectively managing $21.6 billion in assets. They span five broad categories: Precious Metals, Australian Resources, Specialty & Transition Metals, Uranium & Energy, and Soft Commodities.
Comparing Gold & Precious Metal ETF Options on the ASX: A 2026 Guide for Australian Investors
Gold and precious metals have been shining stars in portfolios amid 2026's volatile markets. With geopolitical tensions, inflation concerns, and a booming commodity cycle, many Aussies are turning to ETFs for easy, low-cost exposure. But with over a dozen gold-focused options on the ASX, which one fits your strategy?
Similar ETFs
| Stock | Name | 1 Year % |
|---|---|---|
| QRE | BetaShares Australian Resources Sector ETF | +57.47% |
| OZR | State Street® SPDR® S&P®/ASX 200 Resources ETF | +56.99% |
Disclaimer
The information provided on ReviewETF.com.au is intended for general information and comparison purposes only. It is compiled and presented on a best-endeavours basis from publicly available sources, but we do not guarantee its accuracy, completeness, timeliness, or suitability for any particular purpose.
No content on this website constitutes financial advice, investment recommendation, solicitation, or an offer to buy or sell any securities. Past performance is not indicative of future results, and all investments carry risk, including the potential loss of capital.
The point of truth for any ETF is always the official product disclosure statement (PDS), website, and announcements from the ETF issuer/provider (e.g., Vanguard, BetaShares, iShares, VanEck, etc.). We link directly to these primary sources on each individual ETF page wherever possible—please verify all details there before making any decisions.
ReviewETF.com.au, its owner (Joshua), and any associated entities disclaim all liability for any loss or damage arising from the use of, or reliance on, information contained on this site. Users should seek independent professional financial advice tailored to their personal circumstances.
This website may contain links to third-party sites; we are not responsible for their content or privacy practices.
Last updated: January 2026
