ASIA, HACK, CRYP: Why these ASX-listed ETFs fell over 20% YTD

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 ASIA, HACK, CRYP: Why these ASX-listed ETFs fell over 20% YTD
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Highlights

  • ETFs provide options to investors to build a diverse portfolio with small funds.

  • They can access many shares via a single investment through the ETF-route.

  • Currently, many ETFs are trading near their 52-week lows.


Investors have an option to easily diversify their portfolio with exchange traded funds (ETFs). They can access many shares via a single investment through the ETF-route. While these funds gained significantly last year, many ETFs are currently trading near their 52-week lows. However, beaten down prices could also provide an opportunity to investors in the current scenario.

On this note, let’s discuss why these three ASX-listed ETFs fell over 20% on a year-to-date (YTD) basis:

BetaShares Asia Technology Tigers ETF (ASX:ASIA)

BetaShares Asia Technology Tigers ETF provides exposure to top 50 tech and online retail stocks. The fund also provides several growth shares of Asia, including Alibaba, Tencent, and Baidu.

The ETF has given a negative return of over 24% on a YTD basis. The muted performance of the ETF was mainly led by weakness in the tech sector due to rising interest rates and inflation, and regulatory concerns in China.

In the past one year, it has provided a negative return of nearly 36% after fees. In the last five years, the ETF has given a return of over 15% per annum to investors.

BetaShares Global Cybersecurity ETF (ASX:HACK)

BetaShares Global Cybersecurity ETF provides exposure to the leading companies in the global cybersecurity sector. The fund includes some major names such as Accenture, Cisco, Cloudflare, Crowdstrike, Okta, Palo Alto Networks, and Splunk.

The ETF has given a negative return of over 19% on a YTD basis. The fall is due to the ongoing weakness in the tech sector.

In the past one year, it has provided a return of 0.12% after fees. In the last five years, the ETF has given a return of over 47% per annum to investors.

BetaShares Crypto Innovators ETF (ASX:CRYP)

BetaShares Crypto Innovators ETF seeks to track the performance of an index that provides exposure to global companies at the forefront of the crypto economy. The ETF invests in up to 50 crypto majors including Coinbase, Riot Blockchain, Microstrategy and more.

The ETF has given a negative return of over 60% on a YTD basis. Of the total fall, over 23% came in just April. The decline was mainly due to a rise in volatility in the cryptocurrency sector in past weeks.

In the past one year, it has provided a negative return of over 72% after fees. In the last five years, the ETF has given a negative return of nearly 73% per annum to investors.

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