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Lowest Cost S&P 500 ETFs in Australia

ASX-listed ETFs that track the S&P 500, ranked by management fee (MER), lowest first. The Index column distinguishes standard market-cap funds from equal-weight variants, and the Currency column flags AUD-hedged funds.

#ETFTickerFee (MER)Fund sizeIndexCurrency
1iShares S&P 500 ETFIVV0.04%approx. $13.4BS&P 500Unhedged
2Vanguard S&P 500 US Shares Index ETFV5000.07%approx. $78MS&P 500 IndexUnhedged
3State Street SPDR S&P 500 ETF TrustSPY0.09%approx. Not availableS&P 500Unhedged
4Vanguard S&P 500 US Shares Index (Hedged) ETFV5AH0.09%approx. $14MS&P 500 IndexAUD hedged
5iShares S&P 500 (AUD Hedged) ETFIHVV0.10%approx. $3.8BS&P 500 (Hedged AUD)AUD hedged
6Betashares S&P 500 Equal Weight ETFQUS0.29%approx. $996MS&P 500 Equal Weight IndexUnhedged
7Betashares S&P 500 Equal Weight Currency Hedged ETFHQUS0.32%approx. $247MS&P 500 Equal Weight IndexAUD hedged

MER is the annual management fee only. Equal-weight funds hold the same 500 companies in roughly equal proportions rather than by market value, so they behave differently from a standard S&P 500 fund. Leveraged and income-overlay S&P 500 products are excluded from this fee ranking. Read our S&P 500 ETF guide.

Figures are approximate and as at Q2 2026. Past performance is not a reliable indicator of future returns. General information only, not financial advice. ETFLens does not hold an Australian Financial Services Licence (AFSL).

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