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Revealed: The 10 best-performing super funds over the past 10 years

Super funds had a terrible year, but a great decade. Here are the 10 funds that have performed best over the long term.

Yes, super funds had a bad year in 2022.

Most of the default growth funds (these are funds with 60–80% allocation to growth assets) ended the year with a negative return, due to the falls in global share markets as a result of rising inflation.

In fact even the best-performing growth fund for 2022, CareSuper Balanced, returned -2.0% for members according to super research firm Chant West.

Big name industry funds Hostplus and AustralianSuper also delivered negative returns, with -2.5% and -2.7%, respectively.

However, superannuation is a long-term investment, perhaps the longest investment you'll ever make.

So when comparing super funds, look at the long-term performance figures, as these show a much more accurate picture of how the fund has performed on average over many years.

Top 10 Best-performing super funds over 10 years

Super fund10 year % p.a.*50k fees
Hostplus – Balanced8.35%$606.29
AustralianSuper – Balanced8.18%$382
Australian Retirement Trust – Balanced8.12%$507.40
UniSuper – Balanced7.95%$351
Cbus – Growth7.8%$438
CareSuper – Balanced7.61%$553
HESTA – Balanced Growth7.61%$477
Legal Super MySuper Balanced6.98%$597.60
Vision Super Balanced Growth7.65%$393
Aware Super – Growth

*Performance returns for period ending December 2022 according to Chant West.

Even though all 10 funds above returned a negative result for 2022, over the past decade they've managed to return over 8.0% p.a. on average for members.

This is actually ahead of target, according to Chant West senior investment research manager, Mano Mohankumar. "Over the 30½ years since the introduction of compulsory super in July 1992, the median growth fund has delivered an annualised return of 7.8%, which is 1.7% p.a. ahead of the typical return objective of CPI +3.5% p.a."

Seeing your super fund deliver a negative return one year isn't fun for any of us, but luckily, it's not actually all that common.

"This was the first negative calendar year since 2011 and only the fifth in the full 30 years of compulsory super," Mohankumar said.

"It also comes on the back of a particularly strong 2021, so perhaps we were due for a return to earth given the challenging investment backdrop. Most importantly, members should take comfort in the fact that funds are continuing to meet their long-term return objectives."

If you haven't checked how your fund is preforming for a while, it could be time to compare super funds and make the switch.

1 - 17 of 448
Name Last 1 year performance (p.a.) Last 3 year performance (p.a.) Last 5 year performance (p.a.) Last 10 year performance (p.a.) Fees on $50k balance (p.a.)
Australian Ethical Super Balanced
Green CompanyEthical
Last 1 year performance (p.a.)
+7.74%
Last 3 year performance (p.a.)
+4.5%
Last 5 year performance (p.a.)
+7.03%
Last 10 year performance (p.a.)
+6.89%
Fees on $50k balance (p.a.)
$603
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CareSuper Growth
Industry fundHigher risk
Last 1 year performance (p.a.)
+8.9%
Last 3 year performance (p.a.)
+7.71%
Last 5 year performance (p.a.)
+8.29%
Last 10 year performance (p.a.)
+8.39%
Fees on $50k balance (p.a.)
$553
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Aware Super High Growth
Industry fundHigher risk
Last 1 year performance (p.a.)
+10.17%
Last 3 year performance (p.a.)
+7.44%
Last 5 year performance (p.a.)
+8.85%
Last 10 year performance (p.a.)
+8.69%
Fees on $50k balance (p.a.)
$497
Go to siteMore Info
UniSuper - Balanced
Industry fund
Last 1 year performance (p.a.)
+7.48%
Last 3 year performance (p.a.)
+5.92%
Last 5 year performance (p.a.)
+7.59%
Last 10 year performance (p.a.)
+7.95%
Fees on $50k balance (p.a.)
$351
Go to siteMore Info
Spirit Super - Balanced (MySuper)
Industry fund
Last 1 year performance (p.a.)
+7.68%
Last 3 year performance (p.a.)
+6.2%
Last 5 year performance (p.a.)
+6.65%
Last 10 year performance (p.a.)
+7.54%
Fees on $50k balance (p.a.)
$452
Go to siteMore Info
CareSuper Balanced
Industry fund
Last 1 year performance (p.a.)
+7.29%
Last 3 year performance (p.a.)
+6.55%
Last 5 year performance (p.a.)
+7.15%
Last 10 year performance (p.a.)
+7.61%
Fees on $50k balance (p.a.)
$553
Go to siteMore Info
Australian Retirement Trust - Growth
Industry fundHigher risk
Last 1 year performance (p.a.)
+9.88%
Last 3 year performance (p.a.)
+10.01%
Last 5 year performance (p.a.)
+9.66%
Last 10 year performance (p.a.)
+9.21%
Fees on $50k balance (p.a.)
$542
Go to siteMore Info
Spaceship - GrowthX
Higher risk
Last 1 year performance (p.a.)
+22.23%
Last 3 year performance (p.a.)
+5.25%
Last 5 year performance (p.a.)
+10.87%
Last 10 year performance (p.a.)
N/A
Fees on $50k balance (p.a.)
$503
Go to siteMore Info
Australian Retirement Trust - International Shares Index (unhedged)
Finder AwardIndustry fundIndexed investmentHigher risk
Last 1 year performance (p.a.)
+20.99%
Last 3 year performance (p.a.)
+11.75%
Last 5 year performance (p.a.)
+12.02%
Last 10 year performance (p.a.)
+11.42%
Fees on $50k balance (p.a.)
$187
Go to siteMore Info
AustralianSuper - Balanced
Industry fund
Last 1 year performance (p.a.)
+7.58%
Last 3 year performance (p.a.)
+6.44%
Last 5 year performance (p.a.)
+7.76%
Last 10 year performance (p.a.)
+8.18%
Fees on $50k balance (p.a.)
$382
Go to siteMore Info
UniSuper - Conservative Balanced
Industry fund
Last 1 year performance (p.a.)
+4.85%
Last 3 year performance (p.a.)
+4.78%
Last 5 year performance (p.a.)
+4.92%
Last 10 year performance (p.a.)
+5.89%
Fees on $50k balance (p.a.)
$366
Go to siteMore Info
AustralianSuper Conservative Balanced
Finder AwardIndustry fund
Last 1 year performance (p.a.)
+5.79%
Last 3 year performance (p.a.)
+4.27%
Last 5 year performance (p.a.)
+5.69%
Last 10 year performance (p.a.)
+6.4%
Fees on $50k balance (p.a.)
$367
Go to siteMore Info
Australian Ethical Super Growth
Green CompanyEthicalHigher risk
Last 1 year performance (p.a.)
+8.89%
Last 3 year performance (p.a.)
+6.09%
Last 5 year performance (p.a.)
+7.88%
Last 10 year performance (p.a.)
+7.64%
Fees on $50k balance (p.a.)
$733
Go to siteMore Info
Australian Retirement Trust - Australian Shares
Industry fundHigher risk
Last 1 year performance (p.a.)
+7.42%
Last 3 year performance (p.a.)
+9.72%
Last 5 year performance (p.a.)
+9.6%
Last 10 year performance (p.a.)
+8.51%
Fees on $50k balance (p.a.)
$347
Go to siteMore Info
Spaceship Global Index
Indexed investmentHigher risk
Last 1 year performance (p.a.)
+18.66%
Last 3 year performance (p.a.)
+10.37%
Last 5 year performance (p.a.)
+10.41%
Last 10 year performance (p.a.)
N/A
Go to siteMore Info
UniSuper - Growth
Industry fundHigher risk
Last 1 year performance (p.a.)
+8.46%
Last 3 year performance (p.a.)
+6.09%
Last 5 year performance (p.a.)
+8.55%
Last 10 year performance (p.a.)
+8.64%
Fees on $50k balance (p.a.)
$426
Go to siteMore Info
Australian Ethical Super International Shares
Green CompanyEthicalHigher risk
Last 1 year performance (p.a.)
+22.64%
Last 3 year performance (p.a.)
+11.17%
Last 5 year performance (p.a.)
+11.19%
Last 10 year performance (p.a.)
+9.13%
Fees on $50k balance (p.a.)
$643
Go to siteMore Info
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Showing 17 of 47 results

Unless indicated otherwise, the information in the table is based on data provided by SuperRatings Pty Limited ABN 95 100 192 283, Australian Financial Services Licence 311880.

*Past performance data and fee data is for the period ending Jan 2024

Image: Getty Images

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2 Responses

    Default Gravatar
    KirkFebruary 9, 2023

    Looking for a good super that invests in property on top of a decent return

      AvatarFinder
      AlisonFebruary 22, 2023Finder

      Hi Kirk, you can compare super funds here: https://www.finder.com.au/super-funds

      Using the filters on the left side, if you and select ‘High growth’ and untick the box that says “Only show products with direct links & enquiry options” you’ll see heaps of options for high-growth funds, including many that are focused on property.

      Thanks,
      Alison

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