Global X Ultra Short Nasdaq 100 Complex ETF (SNAS) Review & Analysis

🏆 Fastest growing
MER · #463 of 514AUM · #321 of 5081Y Return · #426 of 4263Y Return · #300 of 3005Y Return · #225 of 225
What's new this monthData to 30 September 2026
  • −7.4% in September (total return), behind the median international shares ETF at +0.0%.
  • Investors added a net $12m (20.7% of the fund).
  • The unit price closed the month at $9.88, near its 12-month low (range $9.53 to $20.12).
  • 🏆 Won Fastest growing in the September ReviewETF Awards.

About SNAS

SNAS is an international shares ETF from Global X, listed on the ASX since July 2020. With $67m under management it is number 161 of 254 international shares ETFs by size. The management fee is 1.00% a year, about $100 on every $10,000 invested, dearer than the typical international shares ETF at 0.55%.

Over five years it has returned −34.1% a year including distributions, against +8.8% for the median international shares ETF. With its focus on technology, it is the kind of fund many investors use as a smaller satellite holding alongside a diversified core.

Compare SNASCheck overlapGlobal X website ↗

Compare SNAS with

SNASvsLNAS
Global X Ultra Long Nasdaq 100 Complex ETF
Fee1.00%1.00%
1 year−40.9%+37.4%
5 yrs p.a.−34.1%+12.6%
Size$67m$83m
Same holdingsNo holdings data
Full comparison →
SNASvsNDQ
Betashares Nasdaq 100 ETF
Fee1.00%0.48%
1 year−40.9%+16.6%
5 yrs p.a.−34.1%+15.3%
Size$67m$9.5bn
Same holdingsNo holdings data
Full comparison →
SNASvsHNDQ
Betashares Nasdaq 100 Currency Hedged ETF
Fee1.00%0.51%
1 year−40.9%+22.3%
5 yrs p.a.−34.1%+13.1%
Size$67m$961m
Same holdingsNo holdings data
Full comparison →
SNASvsQMAX
Betashares Nasdaq 100 Yield Maximiser ETF
Fee1.00%0.68%
1 year−40.9%+11.3%
5 yrs p.a.−34.1%–
Size$67m$47m
Same holdingsNo holdings data
Full comparison →

SNAS price by TradingView

Stock CodeSNAS
Fund ManagerGlobal X
Asset ClassInternational shares
AUM$67m
MER (%)1.00%
Net flows (Sep)+$12m
Last Price$9.88
52-Week Range$9.53 – $20.12
Bid/Ask Spread0.14%
Listing Date13/07/2020
ExchangeASX
Benchmark indexNasdaq-100 Index
Issuer websiteGlobal X ↗

Performance (% return)

-88%-58%-29%0%1M-7.4%1Y-40.9%3Y-81.8%5Y-87.5%
1 month−7.4%
1 year−40.9%
3 years p.a.−43.3%
5 years p.a.−34.1%

$10,000 invested…

1 year ago$5,9063 years ago$1,8235 years ago$1,247

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.

SNAS at a glance: strengths and things to watch

👍 Strengths

  • Money is flowing in. Investors added a net $12m in September (17% of the fund).

⚠️ Things to watch

  • Higher fee. At 1.00% a year it costs more than 83% of international shares ETFs (median 0.55%), or about $45 a year more on every $10,000.
  • Behind its peers. −34.1% a year over 5 years, against +8.8% for the median international shares ETF.
  • Geared. It uses borrowing to magnify gains and losses. Over time, choppy markets can wear the value down, so it suits experienced, short-term investors.
  • Moves against the market. It is designed to rise when the market falls, and is usually held for short periods only.

Worked out from SNAS'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
Base since 21 Oct 2026

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

SNAS's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet.

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.

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

SNAS 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

USGlobal

Themes & Sectors

TechnologyGearedShort & inverseActive ETFs

Similar ETFs

CodeNameSame holdingsMERAUM1Y3Y p.a.5Y p.a.
LNASGlobal X Ultra Long Nasdaq 100 Complex ETF–1.00%$83m+37.4%+42.2%+12.6%
NDQBetashares Nasdaq 100 ETF–0.48%$9.5bn+16.6%+23.8%+15.3%
HNDQBetashares Nasdaq 100 Currency Hedged ETF Currency hedged–0.51%$961m+22.3%+25.3%+13.1%
QMAXBetashares Nasdaq 100 Yield Maximiser ETF Covered call–0.68%$47m+11.3%+16.4%–
QYLDGlobal X Nasdaq 100 Covered Call ETF Covered call–0.60%$30m+13.7%+10.5%–
QNDQBetashares Nasdaq 100 Equal Weight ETF–0.48%$21m+12.2%––

Same holdings is the share of SNAS's money in companies the other ETF also holds, weighted by size. No other ETF shares much with SNAS, so these are ETFs in the same category. See every ETF like SNAS →

Related Reads

reviewetf · GuidesGeared ETFsthe real risksGearingDecay riskGuides
Guides

How geared ETFs work: and how they can hurt you

How geared ETFs like GEAR, GGUS and LNAS work: gearing ratios, volatility decay, magnified losses, interest costs and real returns vs normal ETFs.

reviewetf · GuidesHold itor time it?CoreThemesGuides
Video
Guides

Which ETFs to hold long term, and which need timing

We compared 12 core ETFs with 25 thematic and sector ETFs using September 2026 data. Core funds cluster tightly; themes swing wildly. Here is how to treat each.

SNAS FAQs

What is the fee for SNAS?

SNAS charges a management fee (MER) of 1.00% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is SNAS?

SNAS had $67m in funds under management as at 30 September 2026.

How has SNAS performed?

SNAS returned −40.9% over the year to 30 September 2026 (total return, including distributions). Over three years it returned −43.3% a year. Past performance is not a reliable indicator of future performance.

Who manages SNAS?

SNAS is managed by Global X and has been listed since July 2020.

Is SNAS franked?

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

Is SNAS currency hedged?

No, SNAS 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.