Compare KiwiSaver Returns - Latest Morningstar Data
Not all KiwiSaver funds are created equal - the difference in returns over 10 years can amount to tens of thousands of dollars at retirement. Compare any fund side by side using the latest Morningstar quarterly report.
Past performance does not guarantee future returns. For personalised advice on whether your fund is the right fit, book a free session with Cam.
What this comparison tool shows
Select up to three funds, choose your time period, and instantly see how they stack up against each other and their category average.
Independent data source
All returns come from the Morningstar KiwiSaver Survey - the most widely used independent performance report in New Zealand, covering all providers and risk categories.
Annual net returns
All figures are annual net returns after fees have been deducted, averaged over the 3, 5, or 10-year period shown. Compare like-for-like across any funds you choose.
Updated quarterly
The tool is updated every quarter when the new Morningstar report is released - typically in March, June, September, and December - so you always see the latest figures.
KiwiSaver returns questions
What is the Morningstar KiwiSaver Survey?
The Morningstar KiwiSaver Survey is a quarterly report published by Morningstar, an independent investment research firm. It tracks the performance of KiwiSaver funds across all providers and risk categories, and is the most commonly referenced source of KiwiSaver return data in New Zealand.
What do the returns in this tool represent?
All figures are annual net returns - meaning after fees have been deducted, averaged over the 3, 5, or 10-year period shown. They are sourced directly from the Morningstar KiwiSaver Survey and reflect the performance of each fund up to the date of the most recent report.
How often is this tool updated?
The tool is updated every quarter to reflect the latest Morningstar report, which is typically released in March, June, September and December.
Which KiwiSaver fund has the best long-term returns?
Past performance varies by risk category - an aggressive fund will generally show higher long-term returns than a conservative fund, but with more short-term volatility. Within each category, funds like Booster Geared Growth, Milford Active Growth and Generate Focussed Growth have consistently appeared near the top of long-term rankings. Use the comparison tool to see current figures for any fund you are considering.
Should I switch KiwiSaver funds based on past returns?
Past returns are a useful reference point but do not guarantee future performance. Before switching funds, it is worth getting personalised advice that takes into account your age, income, risk tolerance and goals. Cam offers free KiwiSaver advice to New Zealanders - book a session to find out if your current fund is the right fit.
Want to know if your current fund is actually right for you? Try the free KiwiSaver Health Check - 10 quick questions, instant result.
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