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Compare BANK vs. IOZ
Compare shares and ETFs on the ASX that you can trade on Pearler.
Overview
When it comes to investing in the Australian stock market, Exchange-Traded Funds (ETFs) are a popular choice. Two well-known options in the Australian Securities Exchange (ASX) are the Global X Australian Bank Credit ETF (BANK) and the iShares Core S&P/ASX 200 ETF (IOZ). In this comparison, we'll delve into these ETFs across various dimensions to help you make an informed investment decision.
Community Stats
BANK | IOZ | |
|---|---|---|
Popularity | Low | Low |
Pearlers invested | 12 | 982 |
Median incremental investment | $994.50 | $996.63 |
Median investment frequency | Monthly | Monthly |
Median total investment | $2,258.65 | $2,880.66 |
Average age group | > 35 | > 35 |
Key Summary
BANK | IOZ | |
|---|---|---|
Strategy | BANK.AX was created on 2024-07-22 by Global X. The fund's investment portfolio concentrates primarily on investment grade fixed income. The investment objective of the Fund is to provide investors a return (before fees and expenses) that tracks the performance of the Solactive Australian Bank Credit Index, a published index, by holding a portfolio of Bonds and Hybrid Securities that may comprise all or a representation of the securities comprising the Index. | The fund seeks to track the performance of the S&P/ASX 200 Accumulation Index before considering fees, expenses, and taxes. The index consists of the 200 largest Australian securities listed on the ASX. |
Top 3 holdings | National Australia Bank Ltd Hybrid Security (3.29 %) National Australia Bank Ltd Hybrid Securiy (2.81 %) Westpac Banking Corp. 5.03219% (2.45 %) | COMMONWEALTH BANK OF AUSTRALIA (10.99 %) BHP GROUP LTD (10.32 %) WESTPAC BANKING CORPORATION CORP (4.98 %) |
Top 3 industries | Financials (33.09 %) Materials (17.71 %) Health Care (8.35 %) | |
Top 3 countries | Australia (95.21 %) United States (3.22 %) New Zealand (0.60 %) | |
Management fee | 0.25 % | 0.05 % |
Key Summary
BANK | IOZ | |
|---|---|---|
Issuer | Global X | iShares |
Tracking index | Solactive Australian Bank Credit Index - AUD - Benchmark TR Gross | S&P ASX 200 |
Asset class | ETF | ETF |
Management fee | 0.25 % | 0.05 % |
Price | $9.95 | $35.13 |
Size | $187.085 million | $8.636 billion |
10Y return | N/A | 54.15 % |
Annual distribution yield (5Y) | 3.29 % | 4.10 % |
Market | ASX | ASX |
First listed date | 23/07/2024 | 09/12/2010 |
Purchase fee | $6.50 | $6.50 |
Community Stats
BANK | IOZ | |
|---|---|---|
Popularity | Low | Low |
Pearlers invested | 12 | 982 |
Median incremental investment | $994.50 | $996.63 |
Median investment frequency | Monthly | Monthly |
Median total investment | $2,258.65 | $2,880.66 |
Average age group | > 35 | > 35 |
Pros and Cons
BANK | IOZ | |
|---|---|---|
Pros |
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Cons |
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BANK | IOZ |
|---|---|
Lower exposure to AU market | Higher exposure to AU market |
Lower exposure to US market | Higher exposure to US market |
Higher management fee | Lower management fee |
Lower price growth | Higher price growth |
Lower distribution yield | Higher distribution yield |