The lowest-fee ETFs that hold developed markets outside Australia.
- First0.08%a yearBGBL · Betashares Global Shares ETFBetashares0.023% average spread · $5.46bn investedGo to site

- Second0.11%a yearHGBL · Betashares Global Shares Currency Hedged ETFBetasharesHedged · 0.028% average spread · $2.97bn investedGo to site

- Third0.18%a yearVGS · Vanguard MSCI Index International Shares ETFVanguard0.015% average spread · $18.7bn 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 screen or reweight the market (ethical, quality, small companies), funds that include emerging markets or Australia, active funds and complex products. Compares 2 issuers, not the whole market.
The other 1 ETF
Ranked by the management fee (MER) a year, lowest first; a tie goes to the narrower average bid/ask spread.
| # | ETF | Spread | Fund size | Global shares | Links |
|---|---|---|---|---|---|
| 4 | 0.02% | $7.89bn | 0.21%a year0.13 above first ranked | Go to site | |
- 4VGAD · Vanguard MSCI Index International Shares (Hedged) ETFVanguard0.21%a year0.13 above first rankedHedged · 0.02% average spread · $7.89bn invested

These funds hold the large and mid-sized companies of the developed world outside Australia, on two different indices. A hedged fund is marked Hedged.
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As of 14 October 2026, among the ETFs holding developed markets outside Australia that BankMate tracks, the lowest management fee is 0.08% a year, at BGBL (Betashares Global Shares ETF). How we rank →