Magellan Global Opportunities Fund Active ETF (ASX:OPPT)
30 April 2026
Performance Review
The Magellan Global Opportunities Fund Active ETF (ASX:OPPT) has a track record of 6 years and 7 months and has underperformed the All Countries World (AUD) benchmark since inception in October 2019, providing investors with an annualised return of 6.32% compared with the benchmark's return of 12.03% over the same period.
The Manager has delivered these returns with 2.45% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.35 since inception. The fund has provided positive monthly returns 90% of the time in rising markets and 17% of the time during periods of market decline, contributing to an up-capture ratio since inception of 87% and a down-capture ratio of 120%.
The Magellan Global Opportunities Fund Active ETF (ASX:OPPT) rose by +2.19% in April, a difference of -4.05% compared with the All Countries World (AUD) benchmark which rose by +6.24%. Over the past 12 months, the fund's best monthly return was +6.98% compared with the benchmark's best return of +6.24%, and its worst monthly return was -5.34% vs the benchmark's worst return over the same period of -7.18%.
Fund rank in Peergroups
| Fund | 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 7 years | |
|---|---|---|---|---|---|---|---|---|
| Magellan Global Opportunities Fund Active ETF (ASX:OPPT) | Performance: | 2.19% | -3.93% | -8.85% | 1.04% | 10.48% | 5.13% | - |
| Rank in Peer Group (out of 157): | 124 | 128 | 118 | 127 | 102 | 91 | - | |
| Peergroup - Equity Long - Large Cap - Global | Performance: | 5.08% | -0.56% | -3.24% | 13.16% | 13.68% | 8.42% | 10.49% |
| Performance vs peergroup: | -2.89% | -3.37% | -5.61% | -12.12% | -3.20% | -3.29% | - | |
| Benchmark - All Countries World Index (AUD) | Performance: | 6.24% | -1.90% | -4.05% | 14.49% | 15.89% | 11.80% | 12.00% |
| Performance vs benchmark (Alpha): | -4.05% | -2.03% | -4.80% | -13.46% | -5.41% | -6.68% | - | |
| Fund | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Magellan Global Opportunities Fund Active ETF (ASX:OPPT) | Performance: | - | - | 8.16% | -1.62% | 21.18% | -27.69% | 34.61% | 28.31% | 2.21% | -9.06% |
| Rank in Peer Group (out of 157): | - | - | 101 | 101 | 72 | 125 | 15 | 51 | 133 | 129 | |
| Drawdown: | - | - | 0.00% | -12.56% | -4.02% | -27.87% | -5.62% | -3.51% | -11.68% | -11.00% | |
| Peergroup - Equity Long - Large Cap - Global | Performance: | 19.65% | -2.04% | 25.63% | 13.31% | 21.48% | -17.53% | 20.66% | 23.38% | 12.19% | -2.32% |
| Performance vs peergroup: | - | - | -17.47% | -14.93% | -0.30% | -10.16% | +13.95% | +4.93% | -9.98% | -6.74% | |
| Benchmark - All Countries World Index (AUD) | Performance: | 14.43% | 0.35% | 27.10% | 6.09% | 25.57% | -12.97% | 21.92% | 29.68% | 13.65% | -3.17% |
| Performance vs benchmark (Alpha): | - | - | -18.94% | -7.70% | -4.39% | -14.72% | +12.70% | -1.38% | -11.44% | -5.88% | |
Fund returns
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.34 | -1.81 | -4.25 | 2.19 | NA | NA | NA | NA | NA | NA | NA | NA | -9.06 |
| 2025 | 4.17 | -3.52 | -7.26 | -1.30 | 6.98 | 3.69 | 0.34 | -1.89 | 0.33 | 1.17 | 0.33 | -0.11 | 2.21 |
| 2024 | 5.66 | 6.48 | 1.81 | -3.51 | 0.69 | 1.92 | 2.12 | -2.22 | 0.36 | 3.99 | 5.85 | 2.56 | 28.31 |
| 2023 | 4.63 | -0.36 | 7.96 | 5.77 | 1.67 | 2.39 | 1.32 | 3.54 | -5.62 | 0.89 | 5.71 | 2.87 | 34.61 |
| 2022 | -5.59 | -7.99 | -2.46 | -9.30 | -2.24 | -3.25 | 6.69 | -3.84 | -3.29 | 5.56 | 2.40 | -7.26 | -27.69 |
| 2021 | 1.73 | 0.78 | 1.86 | 4.89 | -1.28 | 6.23 | 2.49 | 2.93 | -4.02 | 3.70 | 0.50 | -0.05 | 21.18 |
| 2020 | 3.10 | -3.73 | -9.18 | 3.26 | 2.25 | 0.55 | 2.05 | 4.54 | -0.81 | 1.45 | -1.09 | -3.19 | -1.62 |
| 2019 | NA | NA | NA | NA | NA | NA | NA | NA | NA | 1.94 | 5.31 | 0.75 | 8.16 |
Only seven years of data shown. Click here to view all data.
Annual Returns
Over the past 12 months, the fund has risen by +1.04% compared with the benchmark which has returned +14.49%, for a difference of -13.45%. Since inception in October 2019, the fund has returned +6.32% per annum, a difference of -5.71% relative to the benchmark which has returned +12.03% on an annualised basis over the same period.
Cumulative Returns
On a cumulative basis (assuming reinvestment of distributions), $100 invested since inception would have become $149. The same amount invested in the benchmark over the same period would have become $211.
Annual Returns %
Volatility and Risk
Annual Standard Deviation
The fund's returns over the past 12 months have been achieved with a volatility of 11.05% vs the index's 11.84%. The annualised volatility of the fund's returns since inception in October 2019 is 13.65% vs the index's 11.2%. Over all other periods, the fund's returns have been more volatile than the benchmark.
Sharpe Ratio
The fund's Sharpe ratio has ranged from a high of 0.57 for performance over the most recent 48 months to a low of -0.19 over the latest 12 months, and is 0.35 for performance since inception. By contrast, the All Countries World (AUD) Index's Sharpe for performance since October 2019 is 0.87.
Annual Standard Deviation
Sharpe Ratio
Performance in Positive Markets
Since inception in October 2019 in the months where the market was positive, the fund has provided positive returns 90% of the time
Performance in Negative Markets
Since inception in October 2019 in the months where the market was negative, the fund has provided positive returns 17% of the time, contributing to a down-capture ratio for returns since inception of 119.57%. Over all other periods, the fund's down-capture ratio has ranged from a high of 138.17% over the most recent 24 months to a low of 112.1% over the latest 36 months.
Average Return in +ve Market %
Average Return in -ve Market %
Sortino Ratio
The fund's Sortino ratio (which excludes volatility in positive months) has ranged from a high of 0.79 for performance over the most recent 48 months to a low of -0.34 over the latest 12 months, and is 0.40 for performance since inception. By contrast, the All Countries World (AUD) Index's Sortino for performance since October 2019 is 1.29.
Drawdown
Over the past 12 months, the fund's largest drawdown was -11.16% vs the index's -9.7%, and since inception in October 2019 the fund's largest drawdown was -27.9% vs the index's maximum drawdown over the same period of -16.02%.
Sortino Ratio
Drawdown%
Quintile Ranking vs. Average Equity Long - Large Cap - Global as of April 2026
The Magellan Global Opportunities Fund Active ETF (ASX:OPPT) is not ranked in the first or second quintile for any KPI.
Over the past 12 months, the fund has risen by +1.04% compared with the peer group which has returned an average of +13.16%, for a difference of -12.12%.
The fund's returns over the past 12 months have been achieved with a volatility of 11.05% vs the peer group's average volatility of 9.65%. The annualised volatility of the fund's returns since inception in October 2019 is 13.65% vs the peer group's 11.22%. Over all other periods, the fund's returns have been more volatile than the peer group.