βš”οΈ Head to head

GLIN vs MCSI: Which ETF Is Better?

A side-by-side comparison of fees, size, returns and holdings, using data to 30 September 2026.

GLIN comes out ahead on 7 of 8 measures. Which matters most depends on you.

The big difference is currency. GLIN is currency hedged, so its returns ignore moves in the Australian dollar. MCSI is unhedged: it does better when the dollar falls and worse when it rises.

The short answer

πŸ’ΈLower feeGLIN wins
GLIN
0.15%
MCSI
0.50%

Worth about $23,898 on $100,000 over 20 years.

🏦Bigger fundGLIN wins
GLIN
$1.9bn
MCSI
$450m

Bigger funds usually trade more cheaply and are less likely to close.

πŸ“ˆ1-year returnGLIN wins
GLIN
+5.7%
MCSI
+3.5%
πŸ“Š3-year returnGLIN wins
GLIN
+12.3% a yr
MCSI
+11.4% a yr
🏁5-year returnToo close to call
GLIN
–
MCSI
+5.0% a yr
βš–οΈCheaper to tradeGLIN wins
GLIN
0.06%
MCSI
0.59%

A tighter gap between the buy and sell price.

GLIN vs MCSI side by side

GLIN leads on 7, MCSI on 1GLINiShares Core FTSE Global Infrastructure (AUD Hedged) ETFMCSIMagellan Core Infrastructure Fund Active ETF
The basics
Index trackedSee the PDSSee the PDS
Fund manageriSharesMagellan
Asset classProperty & infrastructureProperty & infrastructure
ListedMay 2023Dec 2020
Cost and size
MERyearly fee, lower is better0.15%βœ“0.50%
AUMfund size$1.9bnβœ“$450m
Net flows (Sep)new money in, last month$182mβœ“βˆ’$16m
Bid/ask spreadtrading cost, lower is better0.06%βœ“0.59%
Total returns
1 monthβˆ’5.5%βˆ’3.8%βœ“
1 year+5.7%βœ“+3.5%
3 years p.a.+12.3%βœ“+11.4%
5 years p.a.–+5.0%
$10,000 invested
1 year ago$10,570βœ“$10,348
5 years ago–$12,743

βœ“ marks the better figure on each measure. Returns include distributions, to 30 September 2026.

πŸ“ˆ Growth

What $10,000 invested is worth now

Only MCSI has a 5 years record: $10,000 then is worth $12,743 today.

GLINMCSI$10,000 invested
$0k$4k$8k$12k$16k$10.6k$10.3k1 year agoGLIN +$222$14.2k$13.8k3 years agoGLIN +$337too new$12.7k5 years ago

Total returns to 30 September 2026, with distributions reinvested, before tax and brokerage. The price chart above leaves out distributions, so it can look worse. Past performance is not a reliable indicator of future performance.

πŸ’Έ Cost

What the fees cost you

GLIN's lower fee leaves about $23,898 more in your pocket over 20 years.

GLIN charges 0.15% a yearMCSI charges 0.50% a year
🧾 Fees paid on $100,000Saving
5 years
GLIN
βˆ’$980
MCSI
βˆ’$3,247
You keep$2,266more with GLIN
10 years
GLIN
βˆ’$2,740
MCSI
βˆ’$9,001
You keep$6,261more with GLIN
20 years
GLIN
βˆ’$10,706
MCSI
βˆ’$34,604
You keep$23,898more with GLIN

Total fees paid on a $100,000 investment, assuming a 7% a year return before fees. Illustration only: it ignores tax, brokerage and differences in returns.

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Joshua Stega
etfadviserExchange traded fund specialist adviser Β· 20 years’ experience
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FAQs

Which is better, GLIN or MCSI?

It depends on what you need. On our numbers GLIN wins on 7 measures and MCSI on 1. GLIN is cheaper, with a management fee of 0.15% vs 0.50%. On $100,000 over 20 years that difference is worth about $23,898. GLIN is the larger fund at $1.9bn vs $450m. GLIN has the better 1-year return: +5.7% vs +3.5%.

Which is cheaper, GLIN or MCSI?

GLIN charges 0.15% a year and MCSI charges 0.50% a year.

Can I hold both GLIN and MCSI?

You can, but check how much they overlap. GLIN is a property & infrastructure fund and MCSI is a property & infrastructure fund.

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Add more ETFs to this comparison β†’

General information only, not a recommendation. Past performance is not a reliable indicator of future performance.