iShares Core MSCI World ex Australia ESG (AUD Hedged) 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 IHWL is $231 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 · 604 securities · top 10 = 37.9%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.3 | −0.2 | −8.8 | 11.2 | 5.7 | 0.1 | 0.4 | 3.4 | −0.6 | −0.3 | 11.6YTD | ||
| 2025 | 2.0 | −3.4 | −4.6 | 0.4 | 7.6 | 3.3 | 4.1 | 0.3 | 2.7 | 3.6 | −0.7 | 1.8 | 17.8 |
| 2024 | 3.5 | 3.4 | 3.8 | −2.3 | 2.8 | 4.0 | −0.9 | 1.6 | 2.1 | 0.4 | 2.8 | −1.7 | 20.9 |
| 2023 | 5.1 | 0.5 | 2.3 | 2.0 | 2.3 | 3.7 | 3.7 | −0.3 | −4.6 | −4.0 | 9.6 | 4.4 | 26.9 |
| 2022 | −7.6 | −4.1 | 7.1 | −7.1 | −3.2 | −8.0 | 7.6 | −2.4 | −9.3 | 5.5 | 2.6 | −3.1 | −21.6 |
| 2021 | 0.8 | 2.1 | 4.2 | 4.5 | 1.3 | 3.4 | 1.7 | 4.6 | −3.4 | 4.9 | 1.6 | 2.2 | 31.4 |
| 2020 | 1.2 | −11.3 | −12.7 | 10.6 | 2.7 | 1.5 | 4.5 | 6.0 | −5.1 | −1.5 | 12.0 | 2.8 | 7.6 |
| 2019 | 6.9 | 4.0 | 0.5 | 4.0 | −4.9 | 4.2 | 2.3 | −2.8 | 2.8 | 2.4 | 2.9 | 1.3 | 25.7 |
| 2018 | 4.2 | −3.8 | −4.0 | 4.1 | 1.4 | −0.4 | 2.9 | 2.9 | 0.0 | −8.3 | 1.7 | −8.1 | −8.2 |
| 2017 | 1.1 | 2.9 | 2.1 | 1.4 | 0.8 | 0.7 | 1.3 | −0.7 | 1.9 | 3.4 | 1.7 | 1.7 | 19.9 |
| 2016 | 1.1 | −0.9 | 3.8 | 0.8 | 0.4 | −0.9 | 3.8 | 2.8 | 11.4 |
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.
IHWL questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF?
iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF holds 604 securities, and its ten largest positions make up 37.9% 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 73.8%, and its biggest sector is Information Technology at 35.5%, based on holdings as at 2 Sept 2026.
Which ETFs does IHWL double up with most?
IHWL shares the most holdings with iShares Core MSCI World ex Australia ESG ETF (IWLD) (98% overlap), iShares High Growth ESG ETF (IGRO) (59% overlap) and SPDR S&P World ex Australia Carbon Aware ETF (WXOZ) (53% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 98%, owning both IHWL and IWLD would mostly double up on the same investments rather than spread your money further. Of these, WXOZ has the lowest fee, at 0.07% a year against 0.12% for IHWL.
How is iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF managed – active or passive?
iShares Core MSCI World ex Australia ESG (AUD Hedged) 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 IHWL?
IHWL charges a management fee of 0.12% a year, about $12 for every $10,000 invested. That is cheaper than 93% 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 Betashares Global Shares ETF (BGBL) at 0.08%, Betashares Global Shares Currency Hedged ETF (HGBL) at 0.11% and iShares Core MSCI World ex Australia ESG ETF (IWLD) at 0.09%.
If you would rather have a manager choose the investments, active options such as Dimensional Global Core Equity Trust (Unhedged Class) - Active ETF (DGCE) at 0.30% and Dimensional Global Core Equity Trust (AUD Hedged Class) - Active ETF (DFGH) at 0.30% 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 0.05% for IHWL.
Does iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF follow a theme?
No. iShares Core MSCI World ex Australia ESG (AUD Hedged) 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. Its largest sector, Information Technology, is 35.5% of the fund.
It also applies environmental, social and governance (ESG) screens, excluding companies that fail the issuer's ethical criteria.
What is under the hood of IHWL?
As at 2 Sept 2026, IHWL's ten largest holdings are Nvidia (11.4%), Microsoft (7.8%), Alphabet Class A (4.4%), Alphabet Class C (3.5%), Tesla Inc (2.3%), Eli Lilly (2.1%), Advanced Micro Devices (1.6%), Asml Holding (1.4%), Visa Class A (1.4%) and Mastercard Class A (1.1%). Together they make up 36.9% 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 IHWL's index are in the issuer's PDS. Its top 10 weighting of 37.9% compares with 35.9% for similar funds.
How well has iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF performed?
Based on its category, iShares Core MSCI World ex Australia ESG (AUD Hedged) ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 15.4% over 1 year (median 6.3%; ranked 21 of 121), 21.4% a year over 3 years (median 16.5% a year; ranked 15 of 82) and 10.8% a year over 5 years (median 9.2% a year; ranked 21 of 66). The medians and rankings compare it with Global ex-Australia equity funds. Since listing in 2016 it has returned 12.4% 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 IHWL; 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 0.12% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.