iShares ETFs Australia 2026: Every BlackRock Fund on the ASX

BlackRock is the world's largest asset manager and iShares is its ETF brand. In Australia the iShares range covers Australian shares, US shares, global shares, fixed income and cash. The most widely held iShares ETFs on the ASX are IOZ (the S&P/ASX 200 ETF), IVV (the S&P 500 ETF) and IOO (the Global 100 ETF), but the iShares ETF Australia range extends well beyond those three. This guide is a reference to the iShares funds covered in ETFLens's data as at Q2 2026, with the management fee, fund size and a plain-English description of what each fund does. There is no ranking and no recommendation. This is general information only, not financial advice.

Who is BlackRock iShares?

BlackRock is a US-based asset management firm and the largest in the world by assets under management. iShares is the BlackRock brand for exchange-traded funds, and the iShares range globally is one of the largest ETF families in the world. BlackRock iShares launched its Australian operation in 2007 and the Australian range now spans Australian shares, US shares, global shares (developed and emerging), Australian fixed income, global fixed income, cash and a range of sector and thematic funds.

The iShares brand is a competitor to Vanguard and BetaShares in the Australian market. Vanguard tends to compete on rock-bottom broad-market index fund fees; BetaShares tends to compete on range breadth including thematic, currency-hedged and active strategies. iShares competes by combining BlackRock's global scale (which keeps fees on the largest US and global funds very low) with a depth of fixed income and cash management products that the other two providers offer less of.

iShares ETFs on the ASX: the full range covered here

The table below summarises the iShares ETFs included in this guide. Fee, fund size and holdings counts are as at Q2 2026 and are reported from fund manager disclosures. For the live numbers and full holdings on any individual fund, click through to the ETFLens product page.

IOZ: iShares Core S&P/ASX 200 ETF

IOZ is iShares' flagship Australian shares ETF and one of the lowest-cost broad-market Australian shares funds on the ASX. The fund tracks the S&P/ASX 200 Index, which contains the 200 largest companies by market capitalisation listed on the ASX. The top holdings are dominated by the four major banks, BHP, CSL, Macquarie, Wesfarmers, Rio Tinto and Woodside; the same names that dominate VAS and A200.

IOZ charges a management expense ratio of 0.05% p.a.. As at Q2 2026 the fund holds approximately 204 positions and has approximately $8.4 billion in assets. The trailing distribution yield is approximately 3.4%, paid quarterly. Past performance is not a reliable indicator of future returns. The full IOZ review is at IOZ ETF Review; this summary does not duplicate that article. The most direct comparison is with VAS (which tracks the wider S&P/ASX 300 and charges 0.07% p.a.) and A200 (which tracks the Solactive Australia 200 and charges 0.04% p.a.). The IOZ vs VAS comparison page shows the side-by-side fee, holdings, sector and overlap analysis.

IVV: iShares S&P 500 ETF (ASX-listed CDI)

IVV is the ASX-listed wrapper around the US-domiciled iShares Core S&P 500 ETF. IVV tracks the S&P 500 Index, which contains 500 of the largest companies listed on US exchanges. The top holdings are the largest US companies (Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, Berkshire Hathaway and similar), with technology, financials, healthcare and consumer discretionary the largest sectors.

IVV charges a management expense ratio of 0.04% p.a., which is among the lowest on the ASX for any equity ETF. The fund size is approximately $13.4 billion as at Q2 2026 and the trailing distribution yield is approximately 1.1%, paid quarterly. Past performance is not a reliable indicator of future returns.

The IVV CDI structure: what it means

IVV is structured as a CHESS Depositary Interest (CDI) over the underlying US-domiciled iShares Core S&P 500 ETF. A CDI is a security listed on the ASX that represents beneficial ownership of an underlying foreign security, settled through Australia's CHESS clearing system. When an Australian investor buys IVV on the ASX, they are buying a CDI; the underlying security is the US-domiciled iShares S&P 500 ETF held by an Australian custodian.

For most Australian investors the practical effect of the CDI structure is invisible. The fund trades on the ASX during ASX hours, settles through CHESS in AUD, and pays its distributions in AUD. The economic exposure is the S&P 500.

The structure does have implications worth understanding. Because the underlying fund is US-domiciled, the position is technically a US asset for some tax and estate planning purposes. US estate tax thresholds and the W-8BEN form may be relevant in some circumstances. Tax treatment and estate-planning treatment depend on your individual circumstances. Speak with a registered tax adviser and a legal adviser if these considerations are relevant to your position.

IHVV: iShares S&P 500 (AUD Hedged) ETF

IHVV is the AUD-hedged version of IVV. It provides the same S&P 500 exposure but uses forward currency contracts to remove the AUD/USD exchange rate effect on the AUD value of the fund. When the Australian dollar moves against the US dollar, IHVV's hedge offsets the effect on the AUD price, leaving the investor with closer to the pure underlying share-price return in AUD terms. When the Australian dollar weakens, the unhedged IVV is boosted in AUD terms and IHVV is not; when the Australian dollar strengthens, the unhedged IVV is reduced in AUD terms and IHVV is not. Whether the hedge is appropriate depends on the investor's view on currency, time horizon and the rest of the portfolio.

IHVV charges a management expense ratio of 0.1% p.a. and the fund size is approximately $3.8 billion as at Q1 2026. The hedge does not remove share-price risk and there are residual hedging costs reflected in the fund's tracking. Past performance is not a reliable indicator of future returns.

IOO: iShares Global 100 ETF

IOO tracks the S&P Global 100 Index, which contains 100 of the largest multinational companies in the world by market capitalisation. The fund is heavily weighted to large US technology companies (Apple, Microsoft, Nvidia, Alphabet, Meta and Amazon) but also holds large multinationals listed in Europe and Asia. IOO is more concentrated than a broad MSCI World fund like VGS and considerably more concentrated than IWLD, but covers more countries than a pure US fund like IVV.

IOO charges a management expense ratio of 0.4% p.a.. As at Q2 2026 the fund holds approximately 117 positions and has approximately $5.7 billion in assets. The trailing distribution yield is approximately 1.08%, paid semi-annual. Past performance is not a reliable indicator of future returns.

IHD: iShares S&P/ASX Dividend Opportunities ETF

IHD is iShares' Australian high-yield offering. It tracks the S&P/ASX Dividend Opportunities Index, which selects ASX-listed companies for dividend yield and applies additional screens. IHD charges a management expense ratio of 0.3% p.a., holds approximately 50 positions as at Q2 2026 and pays distributions semi-annually at a trailing yield of approximately 5.1%. The fund is commonly compared to VHY (Vanguard) and SYI (SPDR). The full dividend-ETF comparison is in the High-Yield ETFs Australia guide. Past performance is not a reliable indicator of future returns.

BILL: iShares Core Cash ETF

BILL invests in very short-term Australian government securities, generally treasury notes and similar instruments with maturities under six months. The price of BILL is effectively stable; the return is the short-term government yield. As at Q2 2026 BILL has approximately $1.2 billion in assets, charges a management expense ratio of 0.18% p.a. and pays distributions monthly. The trailing distribution yield is approximately 3.8%, which tracks the RBA cash rate closely. BILL is used by some investors as an ASX-listed cash management option that holds Australian government securities rather than bank deposits. It is not a bank account and does not have any government deposit guarantee. Past performance is not a reliable indicator of future returns.

ISEC: iShares Enhanced Cash ETF

ISEC sits between BILL (pure short-dated government cash) and IAF (broad investment-grade bonds) on the duration spectrum. It holds short-term investment-grade securities, mostly short-dated bank paper, and aims to deliver a return modestly above the bank bill rate. As at Q2 2026 ISEC has approximately $650 million in assets, charges 0.12% p.a. and pays distributions monthly at a trailing yield of approximately 4.2%. ISEC takes on slightly more credit risk than BILL in exchange for a modestly higher target yield. Past performance is not a reliable indicator of future returns.

IAF: iShares Core Composite Bond ETF

IAF tracks the Bloomberg AusBond Composite 0+ Year Index, which represents the broad Australian investment-grade fixed income market: Commonwealth and state government bonds, semi-government bonds and investment-grade corporate bonds across the maturity spectrum. IAF charges a management expense ratio of 0.1% p.a., holds approximately 732 positions as at Q2 2026 and pays distributions quarterly at a trailing yield of approximately 3.4%. IAF has more interest-rate sensitivity than BILL or ISEC because it holds longer-duration bonds; in periods when the RBA raises rates, longer-duration bond prices typically fall, and IAF reflects that. Past performance is not a reliable indicator of future returns.

IWLD: iShares Core MSCI World All Cap ETF

IWLD provides broad developed-market exposure outside Australia. The fund tracks the MSCI World ex-Australia IMI Index, which covers large, mid and small-cap developed-market companies across the US, Europe, Japan, the UK and other developed markets. IWLD is structurally similar to VGS (which holds large and mid caps; IWLD adds small caps) and BGBL (which uses a different index provider but similar coverage). IWLD charges a management expense ratio of 0.09% p.a. and as at Q2 2026 holds approximately 646 positions across approximately $1.7 billion in assets. The trailing distribution yield is approximately 1.8%. Past performance is not a reliable indicator of future returns.

iShares vs Vanguard vs BetaShares: fee comparison

The Australian ETF market is dominated by three providers: Vanguard, BetaShares and iShares. The headline broad-market fee comparison across equivalent exposures shows that all three providers compete on cost in the broad-market categories, with smaller differences in the more specialised categories.

The fee comparison is a snapshot as at Q2 2026. Fees are not the only factor; index methodology, fund size, distribution frequency, currency hedging and structure (such as IVV's CDI structure) also matter. This is general information only, not a recommendation. The right product for any individual depends on objectives, financial situation, time horizon, tax position and risk tolerance. For a deeper dive on the Vanguard range see the Vanguard ETFs Australia guide and for the BetaShares range see the BetaShares ETFs Australia guide. The IVV vs VGS comparison page shows the side-by-side analysis between iShares' US-focused fund and Vanguard's broader global option.

Things to consider before investing in iShares ETFs

• Structure differs across the range: most iShares Australian ETFs are Australian-domiciled, but IVV is a CDI over a US-domiciled fund. The CDI structure has tax and estate-planning implications that differ from Australian-domiciled funds.
• Currency exposure: IVV, IOO and IWLD are unhedged; AUD returns reflect both share-price movement and exchange rate movement. IHVV is AUD-hedged.
• Concentration in IOO: the Global 100 index is concentrated by design — 100 multinationals, with the top names heavily weighted to US technology.
• Interest rate sensitivity: IAF has more interest-rate risk than BILL or ISEC; when rates rise, longer-duration bond prices typically fall.
• Cash ETFs are not bank accounts: BILL and ISEC do not have the benefit of any government deposit guarantee; their returns track short-term market yields rather than retail savings rates.
• Overlap between iShares global funds: IVV, IOO and IWLD all hold the largest US technology companies as their top weights. Holding more than one of these means paying multiple fees for partially duplicated exposure. The ETF Overlap Checker shows the duplicated portion.
• Fee compounding: the Fee Calculator shows the dollar gap between an 0.04% fee and a higher fee over 10, 20 and 30 years.
• Tax treatment: distributions from international iShares ETFs (IVV, IOO, IWLD, IHVV) are not franked; foreign tax credits may apply. Australian-share funds (IOZ, IHD) can include franking credits. A-REITs and bond fund distributions have different tax treatment again. Tax treatment depends on your individual circumstances. Speak with a registered tax adviser.

General information only. Not financial advice. This article does not consider your personal financial situation, objectives or needs. Past performance is not a reliable indicator of future performance. Fee, fund size, yield and holdings data is reported from fund manager disclosures, reviewed quarterly. Always check the current PDS for the most recent fee and holdings information before investing. Tax treatment depends on your individual circumstances. Foreign-sourced distributions are not franked; foreign tax credits may apply depending on individual circumstances. Speak with a registered tax adviser. ETFLens does not hold an Australian Financial Services Licence. Always read the relevant PDS and TMD and consider seeking advice from a licensed financial adviser (AFS licence holder) before making any investment decisions.