Global X EURO STOXX 50 ETF (ESTX) Review & Analysis

MER · Top 50%AUM · Top 50%1Y Return · Top 50%3Y Return · Top 25%5Y Return · Top 25%
What's new this monthData to 30 September 2026
  • −1.2% in September (total return), behind the median international shares ETF at +0.0%.
  • Investors added a net $7.6m (1.6% of the fund).
  • The unit price closed the month at $108.34, 7% below its 12-month high (range $98.02 to $117.08).

About ESTX

ESTX is an international shares ETF from Global X, listed on the ASX since July 2016. With $490m under management it is number 61 of 254 international shares ETFs by size. The management fee is 0.35% a year, about $35 on every $10,000 invested, cheaper than the typical international shares ETF at 0.55%.

Its largest holdings are ASML Holding NV, SAP SE and Siemens AG, and the top 10 make up 42% of the fund. By sector it leans towards financials (26%) and information technology (17%). France is the biggest country exposure at 32%.

Over five years it has returned +10.6% a year including distributions, against +8.8% for the median international shares ETF.

ESTX distributions and dividend dates

ESTX pays distributions yearly, usually going ex-distribution in July, with payment about 14 days after the ex-date. (Pattern estimated from recent payments.)

The latest distribution was $7.4662 per unit (0% franked), ex-distribution on 2 July 2026 and paid on 16 July 2026. To receive it you need to own ESTX before the ex-date.

Its distribution yield over the past 12 months is about 7.2%. 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 ESTXCheck overlapGlobal X website ↗

Compare ESTX with

ESTXvsIAA
iShares Asia 50 ETF
Fee0.35%0.29%
1 year+7.6%+50.1%
5 yrs p.a.+10.6%+15.1%
Size$490m$1.8bn
Same holdings0%No companies in common
Full comparison →
ESTXvsNDIA
Global X India Nifty 50 ETF
Fee0.35%0.69%
1 year+7.6%−17.2%
5 yrs p.a.+10.6%+0.3%
Size$490m$166m
Same holdings0%No companies in common
Full comparison →
ESTXvsVGS
Vanguard MSCI Index International Shares ETF
Fee0.35%0.18%
1 year+7.6%+10.1%
5 yrs p.a.+10.6%+11.8%
Size$490m$18.7bn
Same holdings6%Very different
Full comparison →
ESTXvsIVV
iShares S&P 500 ETF
Fee0.35%0.04%
1 year+7.6%+10.1%
5 yrs p.a.+10.6%+13.4%
Size$490m$14.9bn
Same holdings0%No companies in common
Full comparison →

ESTX price by TradingView

Stock CodeESTX
Fund ManagerGlobal X
Asset ClassInternational shares
AUM$490m
MER (%)0.35%
Net flows (Sep)+$7.6m
Last Price$108.34
52-Week Range$98.02 – $117.08
Bid/Ask Spread0.06%
Listing Date21/07/2016
ExchangeASX
IndexNot yet in our data. See the PDS
Issuer websiteGlobal X ↗

Performance (% return)

-1%21%43%65%1M-1.2%1Y7.6%3Y58.9%5Y65.4%
1 month−1.2%
1 year+7.6%
3 years p.a.+16.7%
5 years p.a.+10.6%

$10,000 invested…

1 year ago$10,7583 years ago$15,8885 years ago$16,540

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.

ESTX at a glance: strengths and things to watch

👍 Strengths

  • Low cost. At 0.35% a year it is cheaper than 79% of international shares ETFs.
  • Ahead of its peers. +10.6% a year over 5 years, against +8.8% for the median international shares ETF.
  • Cheap to trade. A bid/ask spread of 0.06%, so buying and selling costs little extra.
  • Long track record. Listed since 2016, through several market cycles.

⚠️ Things to watch

  • In a downtrend. Its price has been trending down since 7 October (as at 7 November).

Worked out from ESTX's fees, size, flows, returns and trend against the 257 international shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

Joshua StegaetfadviserTrend check
Downtrend since 7 Oct 2026

ESTX is in a downtrend. Here's why that matters.

ESTX's price is below its 20-day average and its averages are stacked downward.

Why it matters: Downtrends can run for months, and that is where most big losses happen. For satellite holdings, waiting in cash until the trend turns has often been the better choice.

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.

Get the weekly trend updates: try it free for 30 daysHow base and trend works →See every ETF's stage →Visit etfadviser.com.au →
Oct 25Jan 26Apr 26Jul 26Oct 26
UptrendBaseDowntrend

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

Investment Focus

Exposure Regions

GlobalEurope & UK

Portfolio Breakdown

Top 10 holdings (42.4% of the fund)

SymbolCompany% assets
ASML9.78%
SAP4.85%
SIE4.45%
TTE4.45%
ALV3.81%
SAN3.47%
IBE3.14%
SU3.14%
BBVA2.68%
AI2.63%

Sector breakdown

  • Financials26.3%
  • Information Technology17.1%
  • Industrials13.9%
  • Utilities11.4%
  • Consumer Discretionary9.1%
  • Energy5.7%
  • Health Care5.7%
  • Consumer Staples5.1%
  • Other5.8%

Country breakdown

  • France32.0%
  • Germany29.8%
  • Netherlands13.9%
  • ES10.7%
  • IT8.5%
  • BE2.9%
  • FI2.2%

Holdings from the issuer's published portfolio as at 31 October 2026. Breakdowns are based on the largest 50 positions, covering 100% of the fund. Compare ESTX's holdings with other ETFs →

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.
HEURBetashares Europe Currency Hedged ETF Currency hedged
70%
0.56%$88m+17.2%+16.5%+8.8%
IEUiShares Europe ETF
37%
0.58%$1.3bn+8.3%+14.2%+9.3%
VEQVanguard FTSE Europe Shares ETF
35%
0.35%$632m+7.7%+14.4%+8.5%
IVEiShares MSCI EAFE ETF
27%
0.32%$624m+10.1%+14.8%+8.8%
EXUSBetashares Global Shares Ex Us ETF
23%
0.14%$158m–––
IAAiShares Asia 50 ETF
0%
0.29%$1.8bn+50.1%+35.9%+15.1%

Same holdings is the share of ESTX'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 ESTX →

ESTX vs its closest alternatives

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

HEUR Betashares Europe Currency Hedged ETF

  • They share 70% of their holdings: a lot of doubling up.
  • ESTX is cheaper (0.35% vs 0.56%), worth about $14,009 on $100,000 over 20 years.
  • Over 3 years, a year: ESTX +16.7%, HEUR +16.5% (almost identical).
  • ESTX is about 6 times larger ($490m vs $88m), which usually means tighter trading spreads.
  • Different structure: ESTX is a standard fund, HEUR is currency hedged.

Compare ESTX and HEUR side by side →

IEU iShares Europe ETF

  • They share 37% of their holdings: some overlap.
  • ESTX is cheaper (0.35% vs 0.58%), worth about $15,316 on $100,000 over 20 years.
  • Over 3 years, a year: ESTX +16.7%, IEU +14.2% (ESTX ahead by 2.5 percentage points).
  • IEU is about 3 times larger ($1.3bn vs $490m), which usually means tighter trading spreads.

Compare ESTX and IEU side by side →

VEQ Vanguard FTSE Europe Shares ETF

  • They share 35% of their holdings: some overlap.
  • Both charge the same fee (0.35%).
  • Over 3 years, a year: ESTX +16.7%, VEQ +14.4% (ESTX ahead by 2.3 percentage points).

Compare ESTX and VEQ side by side →

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

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ESTX FAQs

What is the fee for ESTX?

ESTX charges a management fee (MER) of 0.35% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is ESTX?

ESTX had $490m in funds under management as at 30 September 2026.

How has ESTX performed?

ESTX returned +7.6% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +16.7% a year. Past performance is not a reliable indicator of future performance.

Who manages ESTX?

ESTX is managed by Global X and has been listed since July 2016.

Is ESTX franked?

Generally no. ESTX invests outside Australia, so its distributions carry little or no franking credits. Franking comes from Australian companies that have paid tax here.

What does ESTX hold?

ESTX's largest holdings are ASML Holding NV (9.8%), SAP SE (4.8%), Siemens AG (4.5%), TotalEnergies SE (4.5%), Allianz SE (3.8%). It holds about 50 investments in total. The biggest sector is financials at 26%. Holdings as at 31 October 2026.

Is ESTX currency hedged?

No, ESTX is unhedged. Its returns move with the Australian dollar: a falling dollar adds to returns and a rising dollar reduces them.

Disclaimer

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