QOZ invests in around 200 ASX companies weighted by business fundamentals such as sales, cash flow and dividends, rather than share price. It charges 0.40% a year, has $1.4b invested and returned +12.7% over the past year. The most similar ETF is A200, which overlaps with it by about 77%.
📅 As at 30 September 2026: fee, size and 1-year return from the TMX Australia funds report; holdings and overlap from QOZ’s published holdings as at 30 October 2026.
Is it a good time to buy QOZ?
Nobody can time the market perfectly, but you can check the trend before you buy. Here’s where QOZ stands right now.
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| Net flow, September | +$35m |
| Net flow, 2026 so far | +$422m |
| Average month in 2026 | +$47m |
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 →QOZ is in an uptrend. That doesn’t mean it will keep rising, but buying into an uptrend means the trend is currently on your side. Many investors still prefer to add gradually rather than all at once.
General information only, not a recommendation to buy or sell QOZ. 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 QOZ?
Index: FTSE RAFI Australia 200 Index · Issuer: Betashares · Exchange: ASX
Top 10 holdings
The 10 largest companies make up 49% of QOZ.
| # | Company | Weight | |
|---|---|---|---|
| 1 | BHP Group LtdMaterials | 12.54% | |
| 2 | Commonwealth Bank of AustraliaFinancials | 6.31% | |
| 3 | ANZ Group Holdings LtdFinancials | 5.21% | |
| 4 | Westpac Banking CorpFinancials | 4.68% | |
| 5 | National Australia Bank LtdFinancials | 4.49% | |
| 6 | Woodside Energy Group LtdEnergy | 4.44% | |
| 7 | CSL LtdHealth Care | 3.38% | |
| 8 | Woolworths Group LtdConsumer Staples | 3.24% | |
| 9 | Macquarie Group LtdFinancials | 2.89% | |
| 10 | Rio Tinto LtdMaterials | 2.30% |
Sector breakdown
ETFs most similar to QOZ
How much each ETF’s holdings overlap with QOZ, by weight. High overlap means owning both mostly doubles up.
| ETF | Overlap | |
|---|---|---|
| A200Betashares Australia 200 ETF | 77% | Compare in calculator → |
| VASVanguard Australian Shares Index ETF | 77% | Compare in calculator → |
| A300Global X Australia 300 ETF | 77% | Compare in calculator → |
| IOZiShares Core S&P/ASX 200 ETF | 76% | Compare in calculator → |
| AYLDGlobal X S&P/ASX 200 Covered Call Complex ETF | 75% | Compare in calculator → |
| STWSPDR S&P/ASX 200 ETF | 75% | Compare in calculator → |
Core or satellite?
CORE Australian shares
QOZ is a core Australian shares option with a value tilt. Read more in core and satellite investing.
Read more: VAS vs A200 · Franking credits and ETFs
QOZ FAQs
Is QOZ a good ETF?
QOZ has a long track record as a value-tilted ASX ETF. It overlaps a lot with A200 and VAS, at a higher fee. Whether it suits you depends on your goals and the rest of your portfolio.
What does QOZ invest in?
QOZ invests in around 200 ASX companies weighted by business fundamentals such as sales, cash flow and dividends, rather than share price. Its largest holdings are BHP Group Ltd, Commonwealth Bank of Australia, ANZ Group Holdings Ltd, and its biggest sector is financials at about 31%.
What ETFs are similar to QOZ?
The ETFs with the most overlap with QOZ are A200 (about 77%) and VAS (about 77%). Use the free ETF overlap calculator to check your own mix.
Should I own QOZ and A200 together?
Usually there is little point: their holdings overlap by about 77%, 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 Betashares as at 30 October 2026. Chart: TradingView. General information only, not a recommendation to buy or sell QOZ. Consider the PDS and TMD before investing.