The lowest-fee ETFs that hold Australia’s largest companies.
- First0.03%a yearA300 · Global X Australia 300 ETFGlobal XTop 300 · 0.111% average spread · $23m investedGo to site
- Second0.04%a yearA200 · Betashares Australia 200 ETFBetasharesTop 200 · 0.018% average spread · $11.1bn investedGo to site
- Third0.05%a yearSTW · SPDR S&P/ASX 200 ETFState StreetTop 200 · 0.028% average spread · $6.56bn investedGo to site
Ranked by the management fee (MER) a year, lowest first; a tie goes to the narrower average bid/ask spread. Leaves out funds that pick, screen or reweight the market (dividends, ethical, equal weight), active funds and complex products. Compares 5 issuers, not the whole market.
The other 2 ETFs
Ranked by the management fee (MER) a year, lowest first; a tie goes to the narrower average bid/ask spread.
| # | ETF | Holds | Spread | Fund size | ASX 200 & 300 | Links |
|---|---|---|---|---|---|---|
| 4 |  | Top 200 | 0.04% | $9.65bn | 0.05%a year0.02 above first ranked | Go to site |
| 5 |  | Top 300 | 0.018% | $26.7bn | 0.07%a year0.04 above first ranked | Go to site |
- 4IOZ · iShares Core S&P/ASX 200 ETFiShares0.05%a year0.02 above first rankedTop 200 · 0.04% average spread · $9.65bn invested
- 5VAS · Vanguard Australian Shares Index ETFVanguard0.07%a year0.04 above first rankedTop 300 · 0.018% average spread · $26.7bn invested
The five follow four different indices, of the largest 200 or 300 companies, so their holdings differ a little; each is labelled by how many it holds. A300, first on fee, holds $23m, and its spread averaged 0.111% in September 2026; at VAS, the largest here with $26.7bn, it averaged 0.018%. A spread is paid on each purchase, the fee every year.
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As of 14 October 2026, among the ETFs holding Australia’s largest 200 or 300 companies that BankMate tracks, the lowest management fee is 0.03% a year, at A300 (Global X Australia 300 ETF). How we rank →