Our preferred ASX-traded ETF to gain exposure to potential further strength in a broad basket of commodities is the MVR ETF, as opposed to the Betashares Australian Resources Sector ETF (QRE) which can at times outperform. Both hold similar ASX resource stocks, but that’s where the similarities change:
- QRE is heavily concentrated, with BHP making up ~41% of the portfolio, so returns are largely driven by one stock. MVR caps its largest holding at around 8%, providing much broader exposure across the resources sector.
- While QRE holds 57 stocks versus 37 for MVR, MVR’s more balanced weighting means each holding has a greater influence on returns. In QRE, many smaller positions have little impact due to BHP’s dominance.
The MVR ETF has been consolidating its gains since early 2025; we believe it’s well positioned to make new highs before Christmas.
- We can see the MVR ETF testing $52 in 2026, or another +12% higher.
MM is bullish towards the MVR ETF around $46
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