Betashares Australia 200 ETF (A200) Review & Analysis

Top 10 by SizeFastest GrowingUltra Low CostπŸ† Top 5 inflows: September
MER Β· Top 10%AUM Β· Top 10%1Y Return Β· #237 of 4263Y Return Β· #151 of 3005Y Return Β· Top 50%
What's new this monthData to 30 September 2026
  • βˆ’2.4% in September (total return), behind the median Australian shares ETF at βˆ’2.1%.
  • Investors added a net $294m (2.7% of the fund). That ranked #4 of 508 ETFs for new money.
  • The unit price closed the month at $148.30, 4% below its 12-month high (range $139.26 to $155.06).
  • πŸ† Won Top 5 inflows: September in the September ReviewETF Awards.

About A200

A200 is Betashares' Australian shares ETF. It tracks the Solactive Australia 200 Index, which holds the 200 largest companies on the ASX and is designed to behave almost exactly like the better known S&P/ASX 200. It is passive, and its very low fee of 0.04% a year is its defining feature, putting it among the cheapest share funds on the ASX.

Like the market it follows, A200 is concentrated. Commonwealth Bank, BHP and the other big banks dominate, with financials and materials together making up more than half the fund. Distributions are paid quarterly and are typically well franked, which suits investors who value tax effective income. There is no currency risk, but returns are closely tied to the fortunes of the banks and the big miners.

A200 is often used as the Australian core of a long term portfolio. It is very similar to VAS, IOZ and STW, so the choice usually comes down to fees and personal preference. See VAS vs A200, A200 vs IOZ and A200 vs VHY.

A200 distributions and dividend dates

A200 pays distributions quarterly, usually going ex-distribution in January, April, July and October, with payment about 16 days after the ex-date.

The latest distribution was $1.6733 per unit (84% franked), ex-distribution on 1 October 2026 and paid on 16 October 2026. To receive it you need to own A200 before the ex-date.

Its distribution yield over the past 12 months is about 3.3%, with distributions around 75% franked. Distributions vary and past payments are not a guide to future ones.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare A200 with

A200 price by TradingView

Stock CodeA200
Fund ManagerBetashares
Asset ClassAustralian shares
AUM$11.1bn
MER (%)0.04%
Net flows (Sep)+$294m
Last Price$148.30
52-Week Range$139.26 – $155.06
Bid/Ask Spread0.02%
Listing Date08/05/2018
ExchangeASX
Index trackedSolactive Australia 200 Index
Issuer websiteBetashares β†—

Performance (% return)

-2%12%26%40%1M-2.4%1Y2.9%3Y36.8%5Y39.9%
1 monthβˆ’2.4%
1 year+2.9%
3 years p.a.+11.0%
5 years p.a.+6.9%

$10,000 invested…

1 year ago$10,2863 years ago$13,6795 years ago$13,985

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

A200 at a glance: strengths and things to watch

πŸ‘ Strengths

  • Low cost. At 0.04% a year it is cheaper than 98% of Australian shares ETFs.
  • Large and established. $11.1bn under management, number 4 of 508 ETFs in Australia by size.
  • Ahead of its peers. +6.9% a year over 5 years, against +5.9% for the median Australian shares ETF.
  • Cheap to trade. A bid/ask spread of 0.02%, so buying and selling costs little extra.

⚠️ Things to watch

  • Concentrated. The top 10 holdings make up 50% of the fund, so a few companies drive the result.

Worked out from A200's fees, size, flows, returns and trend against the 83 Australian shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

Joshua StegaetfadviserTrend check
Base since 14 Sep 2026

A200 is in a base. Here's why that matters.

A200's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet. Its price is 2.1% below its 12-month high.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Oct 25Jan 26Apr 26Jul 26Oct 26
UptrendBaseDowntrend

A200 weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

A200 vs its benchmark

How A200 has done against the Solactive Australia 200 Index, after fees. For an index fund, a small shortfall roughly the size of the fee is normal.

A200BenchmarkDifference
1 year+3.95%+3.88%+0.07%
3 years p.a.+13.47%+13.49%-0.02%
5 years p.a.+8.13%+8.17%-0.04%

Issuer figures to 30 October 2026, fund returns after fees. Source: Betashares. Compare more ETFs vs their benchmark β†’

πŸ’‘ Cheaper twin

A300 holds 96% of the same companies as A200 for 0.01% a year less, which is $10 a year on $100,000. See all cheaper alternatives to A200 β†’

Investment Focus

Exposure Regions

Australia

Portfolio Breakdown

Top 10 holdings (50.3% of the fund)

SymbolCompany% assets
BHP10.97%
CBA10.42%
NAB4.85%
WBC4.72%
ANZ4.61%
CSL3.60%
MQG3.40%
WES3.26%
WDS2.37%
TLS2.06%

Sector breakdown

  • Financials35.0%
  • Materials24.2%
  • Health Care7.2%
  • Industrials6.8%
  • Consumer Discretionary6.4%
  • Real Estate5.4%
  • Energy4.7%
  • Consumer Staples3.7%
  • Other6.6%

Holdings from the issuer's published portfolio as at 30 October 2026. Breakdowns are based on the largest 200 positions, covering 100% of the fund. Compare A200's holdings with other 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.

Similar ETFs

CodeNameSame holdingsMERAUM1Y3Y p.a.5Y p.a.
GEARBetashares Geared Australian Equities ETF Geared
99%
0.80%$572mβˆ’1.2%+17.1%+8.4%
IOZiShares Core S&P/ASX 200 ETF
96%
0.05%$9.7bn+2.6%+10.8%+6.8%
A300Global X Australia 300 ETF
96%
0.03%$23m+3.2%––
STWSPDR S&P/ASX 200 ETF
95%
0.05%$6.5bn+2.6%+11.0%+6.7%
AYLDGlobal X S&P/ASX 200 Covered Call ETF Covered call
95%
0.60%$125m+7.9%+9.4%–
VASVanguard Australian Shares Index ETF
94%
0.07%$26.7bn+2.2%+10.8%+6.5%

Same holdings is the share of A200's money in companies the other ETF also holds, weighted by size. Most similar first, then ETFs in the same category. See every ETF like A200 β†’

A200 vs its closest alternatives

What actually differs between A200 and the ETFs most like it. Data to 30 Sep 2026.

IOZ iShares Core S&P/ASX 200 ETF

  • They share 96% of their holdings: largely the same companies.
  • A200 is cheaper (0.04% vs 0.05%), worth about $718 on $100,000 over 20 years.
  • Over 3 years, a year: A200 +11.0%, IOZ +10.8% (almost identical).

Full A200 vs IOZ comparison β†’

A300 Global X Australia 300 ETF

  • They share 96% of their holdings: largely the same companies.
  • A300 is cheaper (0.03% vs 0.04%), worth about $719 on $100,000 over 20 years.
  • Over 1 year: A200 +2.9%, A300 +3.2% (almost identical).
  • A200 is much larger ($11.1bn vs $23m), which usually means tighter trading spreads.

Compare A200 and A300 side by side β†’

STW SPDR S&P/ASX 200 ETF

  • They share 95% of their holdings: largely the same companies.
  • A200 is cheaper (0.04% vs 0.05%), worth about $718 on $100,000 over 20 years.
  • Over 3 years, a year: A200 +11.0%, STW +11.0% (almost identical).

Full A200 vs STW comparison β†’

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

Popular comparisons

VAS vs A200A200 vs IOZA200 vs STWA200 vs VHYA200 vs BGBLA200 vs QOZA200 vs MVWA200 vs DAVAA200 vs AQLTA200 vs FAIRA200 vs AASFA200 vs VETH

Related Reads

A200 FAQs

What is the fee for A200?

A200 charges a management fee (MER) of 0.04% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is A200?

A200 had $11.1bn in funds under management as at 30 September 2026.

How has A200 performed?

A200 returned +2.9% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +11.0% a year. Past performance is not a reliable indicator of future performance.

Who manages A200?

A200 is managed by Betashares and has been listed since May 2018.

Does A200 pay monthly?

A200 pays distributions four times a year, usually going ex-distribution in January, April, July and October. It does not pay monthly. If you want monthly income, see the ETF dividend calendar on ReviewETF for funds that pay every month.

When is the next A200 distribution?

Based on its usual schedule, A200's next distribution should go ex around the start of January, with payment about 16 days later. Dates can move, so check Betashares' announcements to confirm.

What is A200's dividend yield?

A200's distribution yield over the past 12 months was about 3.2%. Yields change with the unit price and each payment, and are not a forecast.

Is A200 franked?

Yes, partly. A200's distributions have typically been around 75% franked, because it holds Australian companies that pay tax here. Franking credits can reduce your tax, and in a pension-phase account they can be refunded as cash. Check Betashares' annual tax statement for the exact figure.

What does A200 hold?

A200's largest holdings are BHP Group Ltd (11.0%), Commonwealth Bank of Australia (10.4%), National Australia Bank Ltd (4.8%), Westpac Banking Corp (4.7%), ANZ Group Holdings Ltd (4.6%). It holds about 200 investments in total. The biggest sector is financials at 35%. Holdings as at 30 October 2026.

Is there a cheaper alternative to A200?

Yes. A300 (Global X Australia 300 ETF) holds about 96% of the same companies and charges 0.03% a year, against 0.04% for A200. Check the index and size before switching, and remember selling may trigger capital gains tax.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the Betashares product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.