While MLC’s MK Business Super Fairview Equity Partners Emerging Companies superannuation fund had high volatility, the fund was the best performing Australian equity super fund with the best risk-adjusted return out of the top five in 2019.
According to FE Analytics, over the year to 31 December, 2019, the fund returned 39.24% with a volatility of 11.55. This was the second-highest volatility of the top five. However, on a risk-adjusted basis, the fund’s sharpe ratio was at 3.5.
The fund invests 90% to 100% in Australian small company equities and up to 10% in cash and cash equivalents.
AMP SignatureSuper Macquarie Group Limited Shares followed the MLC fund in terms of performance at 31.86% over the same time period but had the worst sharpe ratio within the top five at 1.86. Its volatility was the highest at 16.35.
The fund with the second-best risk adjusted return, Suncorp Brighter Super Per Hyperion Australian Growth Companies, had a sharpe ratio of 2.77 and a return of 30.74%.
Australian Catholic Super’s Australian Share fund followed Suncorp in both sharpe and return at 2.56 and 29.18% respectively.
Commonwealth Select Personal Superannuation Ausbil Australian Active Equity Option fund rounded out the top five in terms of returns at 28.49% with a sharpe ratio of 2.36, landing it in the fourth quarter for both figures within the top five.
In comparison, the Australian equity super sector returned an average of 20.68% over the year to 31 December, 2019, with an average sharpe ratio of 2.5 and a volatility of 7.9.
Top five performing Australian equity superannuation funds over the year to 31 December 2019
|
Fund |
Return |
Sharpe ratio |
|
While MLC’s MK Business Super Fairview Equity Partners Emerging Companies |
39.24% |
3.53 |
|
AMP SignatureSuper Macquarie Group Limited Shares |
31.86% |
1.86 |
|
Suncorp Brighter Super Per Hyperion Australian Growth Companies |
30.74% |
2.77 |
|
Australian Catholic Super Australian Shares |
29.18% |
2.59 |
|
Commonwealth Select Personal Superannuation Ausbil Australian Active Equity Option |
28.49% |
2.36 |
|
Australian equity funds superannuation sector |
20.68% |
2.5 |
Source: FE Analytics
