STW invests in the 200 largest companies in the S&P/ASX 200 index, weighted by size. It charges 0.05% a year, has $6.5b 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 STW’s published holdings as at 30 October 2026.
Is it a good time to buy STW?
Nobody can time the market perfectly, but you can check the trend before you buy. Here’s where STW stands right now.
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| Net flow, September | −$33m |
| Net flow, 2026 so far | +$36m |
| Average month in 2026 | +$4m |
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 →STW 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 STW. 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 STW?
Index: S&P/ASX 200 Index · Distributions: Quarterly · Issuer: State Street (SPDR) · Exchange: ASX
Top 10 holdings
The 10 largest companies make up 50% of STW.
| # | Company | Weight | |
|---|---|---|---|
| 1 | BHP Group LtdMaterials | 10.83% | |
| 2 | Commonwealth Bank of AustraliaFinancials | 10.34% | |
| 3 | National Australia Bank LtdFinancials | 4.78% | |
| 4 | Westpac Banking CorpFinancials | 4.67% | |
| 5 | ANZ Group Holdings LtdFinancials | 4.55% | |
| 6 | CSL LtdHealth Care | 3.56% | |
| 7 | Wesfarmers LtdConsumer Discretionary | 3.22% | |
| 8 | Macquarie Group LtdFinancials | 3.21% | |
| 9 | Woodside Energy Group LtdEnergy | 2.34% | |
| 10 | Telstra Group LtdCommunication Services | 2.06% |
Sector breakdown
ETFs most similar to STW
How much each ETF’s holdings overlap with STW, by weight. High overlap means owning both mostly doubles up.
| ETF | Overlap | |
|---|---|---|
| AYLDGlobal X S&P/ASX 200 Covered Call Complex ETF | 99% | Compare in calculator → |
| IOZiShares Core S&P/ASX 200 ETF | 98% | Compare in calculator → |
| A300Global X Australia 300 ETF | 95% | Compare in calculator → |
| A200Betashares Australia 200 ETF | 94% | Compare in calculator → |
| VASVanguard Australian Shares Index ETF | 90% | STW vs VAS → |
| SFYSPDR S&P/ASX 50 ETF | 81% | Compare in calculator → |
Head to head: VAS vs STW · all comparisons
Check STW against your own ETFs →Core or satellite?
CORE Australian shares
STW is a core building block for Australian shares, paired with a global ETF. Read more in core and satellite investing.
Read more: VAS vs A200 · Franking credits and ETFs
STW FAQs
Is STW a good ETF?
STW is Australia’s longest-running ETF and tracks the ASX 200 at a low fee. It is almost the same as IOZ and A200. 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 STW invest in?
STW 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 35%.
What ETFs are similar to STW?
The ETFs with the most overlap with STW are AYLD (about 99%) and IOZ (about 98%). Use the free ETF overlap calculator to check your own mix.
How often does STW pay distributions?
STW pays distributions quarterly.
Should I own STW 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 State Street (SPDR) as at 30 October 2026. Chart: TradingView. General information only, not a recommendation to buy or sell STW. Consider the PDS and TMD before investing.