βš”οΈ Head to head

IOO vs IHOO: Which ETF Is Better?

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

IOO comes out ahead on 7 of 10 measures. Which matters most depends on you.

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

The short answer

πŸ’ΈLower feeIOO wins
IOO
0.40%
IHOO
0.43%

Worth about $2,015 on $100,000 over 20 years.

🏦Bigger fundIOO wins
IOO
$6.1bn
IHOO
$913m

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

πŸ“ˆ1-year returnIHOO wins
IOO
+15.6%
IHOO
+21.8%
πŸ“Š3-year returnIHOO wins
IOO
+22.9% a yr
IHOO
+24.7% a yr
🏁5-year returnIOO wins
IOO
+16.4% a yr
IHOO
+14.8% a yr
βš–οΈCheaper to tradeIOO wins
IOO
0.03%
IHOO
0.08%

A tighter gap between the buy and sell price.

IOO vs IHOO side by side

IOO leads on 7, IHOO on 3IOOiShares Global 100 ETFIHOOiShares Global Aud Hedged 100 ETF
The basics
Index trackedS&P Global 100 IndexS&P Global 100 Index, hedged to AUD
Fund manageriSharesiShares
Asset classInternational sharesInternational shares
ListedOct 2007Dec 2014
Cost and size
MERyearly fee, lower is better0.40%βœ“0.43%
AUMfund size$6.1bnβœ“$913m
Net flows (Sep)new money in, last month$11mβœ“$5.7m
Bid/ask spreadtrading cost, lower is better0.03%βœ“0.08%
Total returns
1 month+2.6%βœ“+0.4%
1 year+15.6%+21.8%βœ“
3 years p.a.+22.9%+24.7%βœ“
5 years p.a.+16.4%βœ“+14.8%
$10,000 invested
1 year ago$11,555$12,177βœ“
5 years ago$21,345βœ“$19,906

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

IOO vs IHOO price chart

Both ETFs on one chart as % change. Use the 1D to All buttons to change the period. Price only, so it leaves out distributions Β· TradingView

πŸ“ˆ Growth

What $10,000 invested is worth now

$10,000 put into IOO 5 years ago is worth $21,345 today, against $19,906 in IHOO. That is $1,439 more in IOO.

IOOIHOO$10,000 invested
$0k$6k$12k$18k$24k$11.6k$12.2k1 year agoIHOO +$622$18.6k$19.4k3 years agoIHOO +$812$21.3k$19.9k5 years agoIOO +$1,439

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

IOO's lower fee leaves about $2,015 more in your pocket over 20 years.

IOO charges 0.40% a yearIHOO charges 0.43% a year
🧾 Fees paid on $100,000Saving
5 years
IOO
βˆ’$2,602
IHOO
βˆ’$2,796
You keep$194more with IOO
10 years
IOO
βˆ’$7,231
IHOO
βˆ’$7,764
You keep$533more with IOO
20 years
IOO
βˆ’$27,927
IHOO
βˆ’$29,943
You keep$2,015more with IOO

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.

IOO and IHOO overlap

98%portfolio overlap (very high: holding both adds little diversification)

102 companies appear in both funds. Overlap is the share of the portfolio that is the same in both, counting the smaller weight of each shared company.

Biggest shared holdings% of IOO% of IHOO
12.39%12.41%
12.19%12.22%
9.54%9.56%
7.30%7.31%
5.81%5.82%
3.82%3.83%
2.79%2.80%
2.21%2.21%
1.90%1.90%
1.62%1.62%
1.50%1.51%
1.36%1.36%

Add more ETFs and see the overlap in Compare ETFs β†’

Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.

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Joshua Stega
etfadviserExchange traded fund specialist adviser Β· 20 years’ experience
Keep in touch with the marketsWeekly ETF research, the Market Health-O-Meter and our model portfolio.Try it free for 30 days β†’

FAQs

Which is better, IOO or IHOO?

It depends on what you need. On our numbers IOO wins on 7 measures and IHOO on 3. IOO is cheaper, with a management fee of 0.40% vs 0.43%. On $100,000 over 20 years that difference is worth about $2,015. IOO is the larger fund at $6.1bn vs $913m. IHOO has the better 1-year return: +21.8% vs +15.6%.

Which is cheaper, IOO or IHOO?

IOO charges 0.40% a year and IHOO charges 0.43% a year.

Can I hold both IOO and IHOO?

You can, but check how much they overlap. IOO is a international shares fund and IHOO is a international shares 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.