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ETF PROFILE · ASX: IOZ

IOZ ETF: iShares Core S&P/ASX 200

What IOZ holds, its fees and returns, the ETFs most similar to it, and where it fits in a core and satellite portfolio.

Fee0.05%a year
Size$9.7binvested
1 year+2.6%total return
5 years+39%total return
Top 1050%of the fund
Listed2010iShares (BlackRock)
· Updated 2 November 2026
THE SHORT ANSWER

IOZ invests in the 200 largest companies in the S&P/ASX 200 index, weighted by size. It charges 0.05% a year, has $9.7b invested and returned +2.6% over the past year. The most similar ETF is AYLD, which overlaps with it by about 99%.

📅 As at 30 September 2026: fee, size and 1-year return from the TMX Australia funds report; holdings and overlap from IOZ’s published holdings as at 30 October 2026.

Is it a good time to buy IOZ?

Nobody can time the market perfectly, but you can check the trend before you buy. Here’s where IOZ stands right now.

Trend now

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Money flows
Inflows picking upNet money into IOZ (new money in minus money out)
Net flow, September+$321m
Net flow, 2026 so far+$1.7b
Average month in 2026+$193m

Week to 23 October: top 10 for inflows on the ASX (+$61m).

See this week’s ETF flows

Market Health-O-Meter

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IOZ 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 IOZ. 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 IOZ?

WHAT IT DOESIOZ invests in the 200 largest companies in the S&P/ASX 200 index, weighted by size.
WHO IT SUITSInvestors who want low-cost Australian shares for the Australian part of a core portfolio, with franked dividends.
WATCH OUT FORIt is concentrated in banks and miners, like the ASX itself. IOZ, STW and A200 hold almost exactly the same companies, so there is little point owning more than one.

Index: S&P/ASX 200 Index · Distributions: Quarterly · Issuer: iShares (BlackRock) · Exchange: ASX

Top 10 holdings

The 10 largest companies make up 50% of IOZ.

#CompanyWeight
1BHP Group LtdMaterials10.83%
2Commonwealth Bank of AustraliaFinancials10.33%
3National Australia Bank LtdFinancials4.79%
4Westpac Banking CorpFinancials4.66%
5ANZ Group Holdings LtdFinancials4.56%
6CSL LtdHealth Care3.56%
7Wesfarmers LtdConsumer Discretionary3.22%
8Macquarie Group LtdFinancials3.19%
9Woodside Energy Group LtdEnergy2.35%
10Goodman GroupReal Estate2.05%

Sector breakdown

Financials
34%
Materials
24%
Health Care
7%
Industrials
7%
Consumer Discretionary
7%
Real Estate
5%
Energy
5%
Consumer Staples
4%

ETFs most similar to IOZ

How much each ETF’s holdings overlap with IOZ, by weight. High overlap means owning both mostly doubles up.

ETFOverlapFee1 year
AYLDGlobal X S&P/ASX 200 Covered Call Complex ETF99%0.60%+7.9%Compare in calculator →
STWSPDR S&P/ASX 200 ETF98%0.05%+2.6%Compare in calculator →
A300Global X Australia 300 ETF95%0.03%+3.2%Compare in calculator →
A200Betashares Australia 200 ETF95%0.04%+2.9%IOZ vs A200 →
VASVanguard Australian Shares Index ETF91%0.07%+2.2%IOZ vs VAS →
SFYSPDR S&P/ASX 50 ETF80%0.20%+4.3%Compare in calculator →

Head to head: VAS vs IOZ · A200 vs IOZ · all comparisons

Check IOZ against your own ETFs →

Core or satellite?

CORE Australian shares

IOZ is a core building block for Australian shares, paired with a global shares ETF. Read more in core and satellite investing.

Read more: VAS vs A200 · Franking credits and ETFs

IOZ FAQs

Is IOZ a good ETF?

IOZ is a low-cost, well-established ASX 200 ETF. Its holdings are almost the same as STW and A200, so fees and personal preference decide between them. On its own it only covers Australia, so most investors pair it with a global shares ETF. Whether it suits you depends on your goals and the rest of your portfolio.

What does IOZ invest in?

IOZ invests in the 200 largest companies in the S&P/ASX 200 index, weighted by size. Its largest holdings are BHP Group Ltd, Commonwealth Bank of Australia, National Australia Bank Ltd, and its biggest sector is financials at about 34%.

What ETFs are similar to IOZ?

The ETFs with the most overlap with IOZ are AYLD (about 99%) and STW (about 98%). Use the free ETF overlap calculator to check your own mix.

How often does IOZ pay distributions?

IOZ pays distributions quarterly.

Should I own IOZ and AYLD together?

Usually there is little point: their holdings overlap by about 99%, 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. Chart: TradingView. General information only, not a recommendation to buy or sell IOZ. Consider the PDS and TMD before investing.

Does IOZ double up with your other ETFs?

Our free overlap calculator looks through your core and satellite ETFs to the companies inside, and shows where they overlap.

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