Performance data is updated to 31 May 2026.
BetaShares Australian Resources Sector ETF (QRE) — Review & Analysis
QRE tracks the Solactive Australian Resources Sector Index — a basket of ASX-listed mining and energy companies, dominated by BHP, Rio Tinto, Fortescue and Woodside. AUM is $467.59 million with a 0.34% p.a. management fee. Compare QRE alongside MVR (0.35%) and OZR (0.34%) on our commodities and resources ETF page.
The three Australian resources ETFs cover broadly the same names but with slight differences in capping and inclusion. QRE's index methodology tends to give larger weights to the top 2-3 names than MVR does — that means QRE more closely tracks BHP and Rio movements.
MVR offers slightly more diversification into mid-tier miners like Mineral Resources, IGO and Lynas. Returns between QRE and MVR have tracked within 2% in most years, but the BHP-weighting gap drives most of the divergence in any given period.
Australian resources are heavily exposed to iron ore (BHP, Rio, Fortescue dominate), gold (Newmont, Northern Star) and LNG (Woodside, Santos). QRE acts as a higher-conviction commodity tilt for investors already holding broad ASX exposure. Our every theme ETF on the ASX guide covers thematic and sector funds head-to-head.
Performance (% return)
Investment Focus
Themes
Exposure Regions
Portfolio Breakdown
| Company Name | % assets |
|---|---|
| BHP GROUP LTD | 39.00% |
| RIO TINTO LTD | 8.40% |
| WOODSIDE ENERGY GROUP LTD | 7.60% |
| FORTESCUE METALS GROUP LTD | 4.20% |
| NORTHERN STAR RESOURCES LTD | 3.60% |
| SANTOS LTD | 3.30% |
| EVOLUTION MINING LTD | 3.10% |
| SOUTH32 LTD | 2.70% |
| ORIGIN ENERGY LTD | 2.40% |
| PILBARA MINERALS LTD | 2.40% |
| Sector | % assets |
|---|---|
| Diversified Metals & Mining | 52.2% |
| Gold | 21.7% |
| Oil & Gas Exploration & Production | 10.4% |
| Steel | 6.1% |
| Electric Utilities | 3% |
| Coal & Consumable Fuels | 2.7% |
| Copper | 1.7% |
| Oil & Gas Refining & Marketing | 1.5% |
| Aluminum | 0.6% |
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Similar ETFs
| Stock | Name | 1 Year % |
|---|---|---|
| MVR | VanEck Australian Resources ETF | +53.65% |
| OZR | State Street® SPDR® S&P®/ASX 200 Resources ETF | +56.99% |
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Last updated: January 2026
