Global X S&P World ex Australia GARP ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among Global ex-Australia equity funds would cost $297 (0.59% a year), so GARP is $131 cheaper.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 2 Sept 2026 · 249 securities · top 10 = 38.6%
Country
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −2.0 | −2.1 | −4.3 | 3.8 | 3.2 | 2.6 | −0.3 | 1.6 | 2.0 | −2.8 | 1.5YTD | ||
| 2025 | 5.1 | −1.2 | −4.9 | −1.5 | 6.1 | 3.0 | 3.2 | 1.0 | 0.9 | 2.4 | 0.6 | −1.6 | 13.2 |
| 2024 | 5.1 | 6.7 | 3.0 | 15.5 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
GARP questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Global X S&P World ex Australia GARP ETF?
Global X S&P World ex Australia GARP ETF holds 249 securities, and its ten largest positions make up 38.6% of the fund, close to the 35.9% typical of Global ex-Australia equity funds. That makes it moderately diversified.
Its largest country exposure is United States at 66.4%, based on holdings as at 2 Sept 2026.
Which ETFs does GARP double up with most?
GARP shares the most holdings with Global X S&P World ex Australia GARP (Currency Hedged) ETF (GHRP) (99% overlap), VanEck MSCI International Quality ETF (QUAL) (52% overlap) and VanEck MSCI International Quality (AUD Hedged) ETF (QHAL) (52% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 99%, owning both GARP and GHRP would mostly double up on the same investments rather than spread your money further.
How is Global X S&P World ex Australia GARP ETF managed – active or passive?
Global X S&P World ex Australia GARP ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among Global ex-Australia equity funds, active funds charge a median 0.75% a year and index funds 0.45%.
What will I pay in fees for GARP?
GARP charges a management fee of 0.30% a year, about $30 for every $10,000 invested. That is cheaper than 66% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among Global ex-Australia equity funds, the median is 0.55%.
Lower-cost funds with a similar focus include Vanguard MSCI Index International Shares ETF (VGS) at 0.18%, Vanguard MSCI Index International Shares (Hedged) ETF (VGAD) at 0.21% and Betashares Global Shares ETF (BGBL) at 0.08%.
If you would rather have a manager choose the investments, active options such as Vinva Global Alpha Fund - Active ETF (V1AC) at 1.35% and Hyperion Global Growth Companies Fund - Active ETF (HYGG) at 0.70% cost more.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.15% for GARP.
Does Global X S&P World ex Australia GARP ETF follow a theme?
No. Global X S&P World ex Australia GARP ETF is a broad equity fund: it aims to cover a wide slice of its market (Global ex-Australia) rather than one theme or sector.
What is under the hood of GARP?
As at 2 Sept 2026, GARP's ten largest holdings are Microsoft Corp (5.8%), Nvidia Corp (5.2%), Meta Platforms-A (4.8%), Eli Lilly & Co (4.8%), Alphabet Inc-C (4.4%), Berkshire Hath-B (4.2%), Asml Holding NV (2.9%), General Electric (2.4%), Johnson&johnson (2.1%) and Mastercard Inc-A (2.0%). Together they make up 38.6% of the fund.
It follows an index. Most broad share indices weight companies by market size, so the largest companies take the biggest share; the exact rules for GARP's index are in the issuer's PDS. Its top 10 weighting of 38.6% compares with 35.9% for similar funds.
How well has Global X S&P World ex Australia GARP ETF performed?
Based on its category, Global X S&P World ex Australia GARP ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 0.7% over 1 year (median 6.3%; ranked 83 of 121). The medians and rankings compare it with Global ex-Australia equity funds. Since listing in 2024 it has returned 14.5% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for GARP; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.30% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.