Whether you’ve been in the same superannuation fund for years or are deciding to switch things up, regularly staying across how Australian superannuation funds perform can help you ensure that you are getting the best deal for yourself in the long-run.
Every month, we take a dive into how Australian superannuation funds have performed, examining the best and worst performing funds in Australia. Our comparisons examine balanced options from a range of 40 popular Australian super funds looking at year to date returns, as well as returns across a 1, 3 and 5 year period. It’s important to note that past fund performance isn’t always an indicator of future performance.
Top 5 Performing Balanced Superannuation Funds for the year ended April 30 2020
Best performing super funds for the year ended April 30 2022
Out of the 50 funds examined as of April 30 2022, Hostplus – Balanced performed well above the group median. Over a 1 year period, the fund had returns of 9.55%, above the 5.35% median. Looking longer term, this fund had a 8.58% 3 year return, and a 8.82% 5 year return, above the respective 6.8% and 7.1% medians, making it the best superannuation fund by performance for the year ended April 30 2020.
QANTAS Super Gateway – Balanced fund came in second when looking at best super fund performance in Australia in April 2022.
Over a 1 year period, the fund had returns of 8.4%, above the 2.8% median. Looking longer term, this fund had a 4.65% 3 year return, and a 5.01% 5 year return, above the respective 3.2% and 3.8%, making it the second best superannuation fund by performance for the year ended April 30 2020.
Christian Super – MyEthicalSuper fund came in third when looking at best super fund performance in Australia in April 2022.
Over a 1 year period, the fund had returns of 8.24%, above the 4.2% median. Looking longer term, this fund had a 7.97% 3 year return, and a 7.33% 5 year return, above the respective 6.8% and 7.1% medians, making it the third best superannuation fund by performance for the year ended April 30 2020.
legalsuper – MySuper Balanced fund came in fourth when looking at best super fund performance in Australia in for the year ended April 2022.
Over a 1 year period, the fund had returns of 6.65%, above the 4.2% median. Looking longer term, this fund had a 7.07% 3 year return, and a 7.21% 5 year return, above the respective 6.8% and 7.1% medians, making it the fourth best superannuation fund by performance for the year ended April 30 2020.
HESTA – Balanced Growth fund came in fourth when looking at best super fund performance in Australia for the year ended April 2022.
Over a 1 year period, the fund had returns of 6.13%, above the 4.2% median. Looking longer term, this fund had a 7.4% 3 year return, and a 7.72% 5 year return, above the respective 6.8% and 7.1% medians, making it the fifth best superannuation fund by performance for the year ended April 30 2020.
When looking to determine the best fund for you, be sure to not only look at fund performance, but also consider factors like insurance, member benefits, and your risk profile. Review My Super can review every Super Fund in Australia and can help you understand what YOUR money is doing for YOU!