ASX ETFs holding up amidst global volatility 

With conflict in the Middle East rattling global markets, there have been pockets of resilience. 

For example, here in Australia, energy shares have provided relief for many investors. 

In the month of March, the S&P/ASX 200 Index (ASX: XJO), Australia’s benchmark index, is down roughly 9%. 

The S&P 500 Index (SP: .INX), one of the key benchmarks in the US, is down more than 4%. 

In contrast, the S&P/ASX 200 Energy (ASX: XEJ) is up 11%. 

ASX energy stocks are climbing largely due to a spike in oil and gas prices, fueled by geopolitical tensions tightening global supply.

However it isn’t only ASX energy shares offering relief for investors. 

Here are three ASX ETFs that have managed to weather the storm this month. 

Global X Bloomberg Commodity ETF (Synthetic) (ASX: BCOM)

This ASX ETF invests in a highly liquid, broad-based basket of commodities, including energy, grains, precious metals, industrial metals, softs and livestock.

I covered earlier this week why Global X believes commodities could outperform other asset classes over the next 12-24 months.

Regardless of future growth, this ASX ETF has already proven resilient in the current environment. 

It has risen almost 5% in the last month. 

The fund tracks the Bloomberg Commodity Excess Return 3 Month Forward Index.

According to Global X, the fund aims to maintain exposure to contracts which expire ~3 months in the future, helping minimise negative roll yield by investing further up the curve.

BetaShares Global Energy Companies ETF – Currency Hedged (ASX: FUEL)

Another ASX ETF that has outperformed in the last month is this fund from Betashares. 

It aims to track the performance of an index (before fees and expenses) that comprises the largest global energy companies (ex-Australia), hedged into Australian dollars.

According to Betashares, it offers exposure to approximately 32 energy companies that are larger, more geographically diversified, and more vertically integrated than Australian-listed energy companies.

The fund is up nearly 9% in the last month. 

It has provided annual returns of roughly 17% in the last 5 years. 

BetaShares Crude Oil Index ETF – Currency Hedged (Synthetic) (ASX: OOO)

This ASX ETF aims to track the performance of an index (before fees and expenses) that provides exposure to crude oil futures, hedged for currency movements in the AUD/USD exchange rate.

Unsurprisingly, it has exploded this year with conflict putting heavy pressure on global oil supply. 

In the last month, this fund has risen 41%. 

For investors considering this ASX ETF, The Motley Fool’s Sebastian Bowen covered earlier this week whether this ASX ETF or individual oil stocks could continue to rise in the near term. 

The post ASX ETFs holding up amidst global volatility  appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.