These are 3 best-performing ASX ETFs so far in 2022

Some exchange-traded funds are producing big gains for investors this year.

| More on:
three men stand on a winner's podium with medals around their necks with their hands raised in triumph.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

With ASX investor interest in exchange-traded funds (ETFs) continuing to remain strong, it might be beneficial to take a look at some of the best-performing funds of 2022 thus far.

As most investors would know, this year has been an especially tough one.

Given the S&P/ASX 200 Index (ASX: XJO) has lost about 10.6% over the year to date, ASX 200 index funds would have suffered a similar fate. So let's take a look at which ASX ETFs have been winners for investors this year.

The 3 best-performing ASX ETFs of 2022 (thus far)

BetaShares Strong U.S. Dollar Fund (ASX: YANK)

This is a rather unique ETF in that it doesn't cover companies at all. Rather this fund has been designed to give exposure solely to the performance of the US dollar compared to the Aussie dollar. So if the US dollar rises against our own (and our dollar falls), the value of this fund is supposed to rise.

This fund also uses leverage to amplify these movements. So it's perhaps no surprise that the Strong Dollar ETF has had a cracking year.

This fund has given investors a return of 25.1% year to date, thanks to the rampant greenback that has come to dominate the currency markets this year.

BetaShares Global Energy Companies ETF (ASX: FUEL)

This ETF, as its code so aptly implies, is a fund that tracks a basket of global energy companies. Its primary holdings are the US oil giants Chevron and Exxon Mobil, but also includes Royal Dutch Shell and BP.

As motorists everywhere would be painfully aware, 2022 has seen energy prices explode. This has been detrimental for energy users, but highly lucrative for energy shares like those above. So it's perhaps no surprise that this ETF has given investors a 32% return over the year to date.

Global X Ultra Short NASDAQ 100 Hedge Fund (ASX: SNAS)

Here we have another rather special ETF. This NASDAQ Hedge Fund is another ETF that uses leverage. But it is also an inverse ETF. This means that it has been engineered to rise in value when the index it tracks falls (and vice versa). In this case, it is the US-based NASDAQ-100 (NASDAQ: NDX).

As it happens, the NASDAQ 100 has had a shocker, falling by a nasty 31.46% on yesterday's pricing. But investors of this Ultra Short ETF will find that music to their ears. That's because this fall has enabled an eye-popping 76.3% increase in the value of this fund over 2022 thus far.

Motley Fool contributor Sebastian Bowen has positions in Chevron. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended BP. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ETFs

ETF written in gold with dollar signs on coin.
ETFs

4 hot ASX ETFs smashing all-time highs on Thursday

ETFs are on fire this Thursday.

Read more »

A young man wearing glasses writes down his stock picks in his living room.
ETFs

What's the best way to invest in ASX shares without any experience? Start with this ETF

This is a great starter investment in my opinion.

Read more »

Cybersecurity professional man inspects server room and works on ipad
ETFs

2 excellent ASX ETFs to buy for growth

Both of these funds offer a lot of exposure to technology.

Read more »

A man in his 30s with a clipped beard sits at his laptop on a desk with one finger to the side of his face and his chin resting on his thumb as he looks concerned while staring at his computer screen.
ETFs

The pros and cons of buying the Vanguard US Total Market Shares Index ETF (VTS)

There are both positives and negatives to this ETF.

Read more »

ETF written with a blue digital background.
ETFs

4 ASX ETFs to supercharge your wealth

These could be the ETFs you're looking for in 2024.

Read more »

The letters ETF sit in orange on top of a chart with a magnifying glass held over the top of it
ETFs

Meet the ASX's new NASDAQ ETFs

The ASX has just seen its Nasdaq ETF count double.

Read more »

child in superman outfit pointing skyward, indicating a rising share price
ETFs

Is the Vanguard Australian Shares Index ETF (VAS) a good buy for beginners?

Should new investors start with the VAS ETF?

Read more »

A businessman holding a world globe in one hand, representing global investment.
ETFs

These ASX ETFs could be world class options in February

These ETFs could give your portfolio a boost in 2024. Here's what you need to know about them.

Read more »