Global X S&P/ASX 200 High Dividend ETF (ZYAU) — Review & Analysis

ZYAU tracks the S&P/ASX 200 High Dividend Index — a yield-weighted subset of the ASX 200 selecting the highest dividend yielders. AUM is $93.10 million as at May 2026 with a 0.24% p.a. management fee — competitive with the cheapest dividend options on the ASX. Distributions are paid quarterly. Compare ZYAU across the dividend cohort on our high dividend yield ETF page or use the Compare ETFs tool to evaluate against VHY, SYI and IHD.

The income methodology is purer yield-weighting than competitors. Where SYI layers a sustainability screen and IHD applies ESG exclusions, ZYAU's index ranks ASX 200 names by indicated yield and weights toward the highest. The result is a portfolio more concentrated in banks, mining and real estate — sectors with high payout ratios — and lighter on growth-oriented names with lower current yields.

The closest peers are VHY (0.25%, $7.50B — vastly larger scale), SYI (0.20% — slightly cheaper) and IHD (0.23% — ESG-screened). ZYAU's 0.24% fee is competitive with the dividend cohort; the differentiation is purely methodological. For investors who want pure yield concentration rather than sustainability or ESG screening, ZYAU is the cleanest option.

ZYAU is unhedged (irrelevant for ASX holdings). The yield-tilt methodology can lead to higher concentration in banks during high-rate periods and rotation when sector dynamics shift. Our high dividend yield ETFs 2026 passive income guide covers ZYAU and the broader dividend cohort on yield, total return and franking outcomes.