Why has the BetaShares Global Cybersecurity ETF (ASX:HACK) share price leapt 7% in a month?

This ETF has nearly tripled the ASX 200 over the past month.
The post Why has the BetaShares Global Cybersecurity ETF (ASX:HACK) share price leapt 7% in a month? appeared first on The Motley Fool Australia. –

Over the past month, the S&P/ASX 200 Index (ASX: XJO) has given investors a reasonably solid performance. Since market open on 4 October, the ASX 200 has gained a robust 3%. But one ASX exchange-traded fund (ETF) has done a few better. The BetaShares Global Cybersecurity ETF (ASX: HACK) has managed to add more than 7% to its value over the same period.

Yes, since 4 October, the HACK ETF has put on an impressive 7.27%, including the healthy 1.5% it’s managed today so far. That’s almost triple the broader market.

So what’s gone so right for this ASX ETF?

Why has the BetaShares Global Cybersecurity ETF HACKed such a good month?

Well, to answer that question, let’s check out this ETF’s top holdings. So the BetaShares Cybersecurity ETF tracks the performance of the Nasdaq Consumer Technology Association Cybersecurity Index. This aims to provide “exposure to the leading companies in the global cybersecurity sector.”

So let’s check out which companies this ETF’s portfolio is currently most heavily invested in, as of 2 November:

Palo Alto Networks Inc (NYSE: PANW) with a portfolio weighting of 6.3%

Accenture plc (NYSE: ACN) with a weighting of 6.1%

Cisco Systems Inc (NASDAQ: CSCO) with a weighting of 5.6%

Okta Inc (NASDAQ: OKTA) with a weighting of 5.5%

Crowdstrike Holdings Inc (NASDAQ: CRWD) with a weighting of 5.4%

Cloudflare Inc (NYSE: NET) with a weighting of 4.5%

Tenable Holdings Inc (NASDAQ: TENB) with a weighting of 3.4%

Zscaler Inc (NASDAQ: ZS) with a weighting of 3.3%

F5 Networks Inc (NASDAQ: FFIV) with a weighting of 3.1%

Cyberark Software Ltd (NASDAQ: CYBR) with a weighting of 3.1%

So the shares with the most weighting (and thus influence) in the HACK ETF are Palo Alto, Accenture, Cisco, Okta and Crowdstrike. Together, these companies make up 28.9% of this ETF’s portfolio. So let’s see how they’ve performed over the past month.

Since 4 October, Palo Alto shares are up a healthy 8.3%.

Accenture shares are up 13.15%.

Cisco has enjoyed gains of 6.25%.

Okta is up 12.8%.

And Crowdstrike has managed 12.2% in gains.

So with the top shelf of HACK’s portfolio enjoying such a successful month, it’s perhaps no surprise that this ETF’s pricing has commensurately appreciated.

But investors in this ETF might be used to outperformance by now. Since its inception in August 2016, the HACK ETF has averaged an annual gain of 22.47%. Over the past year alone, investors have enjoyed a gain of 39.26%.

The BetaShares Global Cybersecurity ETF charges a management fee of 0.67% per annum.

The post Why has the BetaShares Global Cybersecurity ETF (ASX:HACK) share price leapt 7% in a month? appeared first on The Motley Fool Australia.

Should you invest $1,000 in the BetaShares Global Cybersecurity ETF right now?

Before you consider the BetaShares Global Cybersecurity ETF, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and the BetaShares Global Cybersecurity ETF wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Why did the Zip (ASX:Z1P) share price have such a lousy month in October?

ASX 200 (ASX:XJO) midday update: CBA enters crypto market, AMP jumps

Why is the Northern Star (ASX:NST) share price having such a lousy week?

5 things to watch on the ASX 200 on Wednesday

Here are the top 10 ASX shares today

Motley Fool contributor Sebastian Bowen owns shares of Cloudflare, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended BETA CYBER ETF UNITS, Cloudflare, Inc., and CrowdStrike Holdings, Inc. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!