A200 and IOZ overlap by about 98%: owning both mostly doubles up. A200 is cheaper (0.04% vs 0.05% a year), about $10 a year less on $100,000. A200 is the bigger fund ($11.1b vs $9.7b). Almost identical: both hold about 200 of the largest ASX companies. They use different index providers, with similar very low fees.
📅 As at 30 September 2026: fees, size, flows and returns from the TMX Australia funds report; overlap from published holdings as at 30 October 2026.
A200
Betashares Australia 200 ETFA200 invests in the 200 largest companies on the ASX, weighted by size, for one of the lowest fees in the market.
IOZ
iShares Core S&P/ASX 200 ETFIOZ invests in the 200 largest companies in the S&P/ASX 200 index, weighted by size.
A200 vs IOZ side by side
Green marks the cheaper, bigger or better-performing fund on each line. Past returns are not a reliable guide to the future.
| A200 | IOZ | |
|---|---|---|
| Issuer | Betashares | iShares (BlackRock) |
| Index | Solactive Australia 200 Index | S&P/ASX 200 Index |
| Fee (a year) | 0.04% | 0.05% |
| Size | $11.1b | $9.7b |
| Net money in, September | +$294m | +$321m |
| 1-year return | +2.9% | +2.6% |
| 5-year return | +40% | +39% |
| Listed | 2018 | 2010 |
| Distributions | Quarterly | Quarterly |
| Top 10 holdings | 50% of fund | 50% of fund |
| Trend now | Base | Base |
How much do A200 and IOZ overlap?
About 98% of their holdings are the same, by weight: high overlap, so owning both mostly doubles up.
The biggest companies they both own
| Company | A200 | IOZ |
|---|---|---|
| BHP Group LtdMaterials | 11.0% | 10.8% |
| Commonwealth Bank of AustraliaFinancials | 10.4% | 10.3% |
| National Australia Bank LtdFinancials | 4.9% | 4.8% |
| Westpac Banking CorpFinancials | 4.7% | 4.7% |
| ANZ Group Holdings LtdFinancials | 4.6% | 4.6% |
| CSL LtdHealth Care | 3.6% | 3.6% |
| Wesfarmers LtdConsumer Discretionary | 3.3% | 3.2% |
| Macquarie Group LtdFinancials | 3.4% | 3.2% |
| Woodside Energy Group LtdEnergy | 2.4% | 2.4% |
| Telstra Group LtdCommunication Services | 2.1% | 2.0% |
Only in A200
- No holdings above 0.5%: the differences are all small positions.
Only in IOZ
- No holdings above 0.5%: the differences are all small positions.
Sectors and countries
Sectors
Countries
Trend: base, uptrend or downtrend?
Past year of prices, shaded by trend stage. The dashed line is the 200-day exponential average. As at 4 November 2026. How base and trend works.
A200 or IOZ: which suits who?
Where either fits depends on the rest of your portfolio: whether it’s your core or a satellite. See core and satellite investing and our full profiles of A200 and IOZ.
See the exact overlap with everything you hold, plus the trend of each ETF, in our free calculator.
More comparisons
A200 vs IOZ FAQs
Is A200 or IOZ better?
Neither is better for everyone. Almost identical: both hold about 200 of the largest ASX companies. They use different index providers, with similar very low fees. Choose A200 if you want one of the lowest fees available for Australian shares. Choose IOZ if you prefer the official S&P/ASX 200 index from iShares.
What is the difference between A200 and IOZ?
A200 and IOZ overlap by about 98%: owning both mostly doubles up. A200 is cheaper (0.04% vs 0.05% a year), about $10 a year less on $100,000. A200 is the bigger fund ($11.1b vs $9.7b). Almost identical: both hold about 200 of the largest ASX companies. They use different index providers, with similar very low fees.
Should I own both A200 and IOZ?
Usually there’s little point. With 98% overlap, owning both mostly doubles up on the same companies. Pick one.
Which is cheaper, A200 or IOZ?
A200 is cheaper (0.04% vs 0.05% a year), about $10 a year less on $100,000. Fees are taken from the fund’s returns, not charged separately.
Fees, size, flows and returns: TMX Australia Funds Report to 30 September 2026; returns are total returns and the 5-year figure is cumulative. Overlap, sectors and countries are based on each fund’s published holdings, scaled to the part of each fund we can see. Trend stages are a technical indicator based on 10, 20, 50 and 200-day exponential moving averages; they describe the past, not the future. General information only, not a recommendation to buy or sell A200 or IOZ. Consider the PDS and TMD, and your own circumstances, before investing.