IHWL invests in the same global companies as IWLD, with the currency hedged to Australian dollars. It charges 0.13% a year, has $1.1b invested and returned +17.1% over the past year. The most similar ETF is IWLD, which overlaps with it by about 90%.
📅 As at 30 September 2026: fee, size and 1-year return from the TMX Australia funds report; holdings and overlap from IHWL’s published holdings as at 30 October 2026.
Is it a good time to buy IHWL?
Nobody can time the market perfectly, but you can check the trend before you buy. Here’s where IHWL stands right now.
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| Net flow, September | +$11m |
| Net flow, 2026 so far | +$120m |
| Average month in 2026 | +$13m |
Is the whole market risk on, caution or risk off this week? Members see it every Sunday, with the core ETF check-up.
🔒 See it free for 30 days →IHWL is in a base. Prices moving sideways can be a time to build a position gradually and watch which way the trend breaks. There’s no rush either way.
General information only, not a recommendation to buy or sell IHWL. Whether it suits you depends on your goals and the rest of your portfolio. Trend updated weekly; flows from the TMX Australia funds report (September 2026) and the Global X weekly market monitor. See every ETF’s trend in the ETF trend scanner, or read when to buy an ETF.
What is IHWL?
Index: MSCI World ex Australia index with ESG screens (hedged into Australian dollars) · Issuer: iShares (BlackRock) · Exchange: ASX
Top 10 holdings
The 10 largest companies make up 38% of IHWL.
| # | Company | Weight | |
|---|---|---|---|
| 1 | NVIDIA CorpInformation Technology | 10.60% | |
| 2 | Microsoft CorpInformation Technology | 8.30% | |
| 3 | Alphabet (Google)Communication Services | 6.63% | |
| 4 | Tesla IncConsumer Discretionary | 2.58% | |
| 5 | Eli Lilly & CoHealth Care | 2.56% | |
| 6 | Advanced Micro Devices IncInformation Technology | 1.85% | |
| 7 | Visa IncFinancials | 1.55% | |
| 8 | ASML Holding NVInformation Technology | 1.38% | |
| 9 | AbbVie IncHealth Care | 1.17% | |
| 10 | Mastercard IncFinancials | 1.17% |
Sector breakdown
ETFs most similar to IHWL
How much each ETF’s holdings overlap with IHWL, by weight. High overlap means owning both mostly doubles up.
| ETF | Overlap | |
|---|---|---|
| IWLDiShares Core MSCI World Ex Australia Esg ETF | 90% | Compare in calculator → |
| IGROiShares High Growth Esg ETF | 55% | Compare in calculator → |
| UYLDGlobal X S&P 500 Covered Call Complex ETF | 49% | Compare in calculator → |
| SPYState Street SPDR S&P 500 ETF | 49% | Compare in calculator → |
| VTSVanguard Morningstar Us Total Mkt Shares Index ETF | 49% | Compare in calculator → |
| V5AHVanguard S&P 500 Us Shares Index (Hedged) ETF | 49% | Compare in calculator → |
Core or satellite?
CORE Global shares
IHWL is a core global holding, often paired with unhedged IWLD. Read more in core and satellite investing.
Read more: Hedged vs unhedged ETFs
IHWL FAQs
Is IHWL a good ETF?
IHWL is a low-cost hedged global ETF. Only the currency treatment differs from IWLD. Whether it suits you depends on your goals and the rest of your portfolio.
What does IHWL invest in?
IHWL invests in the same global companies as IWLD, with the currency hedged to Australian dollars. Its largest holdings are NVIDIA Corp, Microsoft Corp, Alphabet (Google), and its biggest sector is information technology at about 34%.
What ETFs are similar to IHWL?
The ETFs with the most overlap with IHWL are IWLD (about 90%) and IGRO (about 55%). Use the free ETF overlap calculator to check your own mix.
Should I own IHWL and IWLD together?
Usually there is little point: their holdings overlap by about 90%, so owning both mostly doubles up.
Fee, size and returns: TMX Australia Funds Report to 30 September 2026; returns are total returns, 5-year figure is cumulative. Holdings from iShares (BlackRock) as at 30 October 2026; sector split based on the holdings we can see, about 91% of the fund. Chart: TradingView. General information only, not a recommendation to buy or sell IHWL. Consider the PDS and TMD before investing.