Highlights

  • Global X Australia ex Financials & Resources ETF (ASX:OZXX) provides exposure to Australian companies outside the financials and resources sectors.
  • The ETF focuses on areas including industrials, healthcare, consumer, property, technology and telecommunications.
  • The ETF recorded a one-year decline of 13.10%, reflecting recent challenges across its portfolio.
  • At the time of writing on 27 August 2026, the ETF’s indicated Dividend Yield was 5.86%.

Australia’s Equity market has historically been heavily influenced by large financial and resources companies, creating interest in strategies that provide exposure beyond these dominant sectors. Global X Australia ex Financials & Resources ETF (ASX:OZXX) offers investors access to a different segment of the domestic market by excluding banks and major miners. The ETF provides a way to diversify away from traditional ASX sector concentration, although performance can vary significantly depending on market leadership trends.

ETF Overview

OZXX is designed to provide exposure to Australian companies outside the financials and resources sectors. By excluding two of the largest parts of the domestic market, the ETF creates a portfolio focused on industries such as industrials, healthcare, consumer companies, property, technology and telecommunications.

The strategy offers an alternative approach to traditional Australian equity exposure, allowing investors to gain access to businesses that are less represented in broad market benchmarks.

The ETF is structured as a complementary holding rather than a replacement for a broad Australian market fund. Its performance profile can differ significantly depending on whether financial and resources companies are leading or lagging the broader market.

Distributions are paid quarterly, reflecting income generated by the underlying portfolio companies.

Market Focus

OZXX has attracted attention due to its differentiated approach to Australian equities. The fund’s exclusion of financials and resources means it behaves differently from the broader ASX market, particularly during periods when banks and miners dominate returns.

The strategy may appeal to investors seeking greater exposure to other areas of the Australian economy and wanting to reduce reliance on the country’s largest sectors.

A shift in market leadership toward industrials, healthcare, consumer and technology companies could support the ETF’s performance. However, if financials and resources continue to outperform, the fund may struggle to keep pace with broader benchmarks.

Performance and Income

At the time of writing on 27 August 2026, Global X Australia ex Financials & Resources ETF (ASX:OZXX) had recorded a one-year decline of 13.10%.

At the time of writing on 27 August 2026, the ETF’s indicated dividend yield was 5.86%.

The ETF’s income profile is supported by dividends from companies within its portfolio. However, because it excludes major dividend-paying sectors such as financials and resources, its income sources differ from traditional Australian equity strategies.

Distribution levels can vary depending on company earnings, dividend decisions and market conditions. The indicated yield represents current expectations and should not be considered a guaranteed future income level.

Growth Drivers

Future performance of OZXX will depend on whether market leadership broadens beyond financials and resources toward other areas of the Australian economy.

Improving conditions for industrial companies, healthcare businesses, consumer sectors and technology companies could support the ETF’s performance. Domestic economic growth, household spending trends and Interest Rate movements will also influence portfolio companies.

As a relatively specialised strategy, changes in investor preference between sectors can have a significant impact on returns. Earnings improvements and positive developments among mid-cap Australian companies could also support future performance.

Key Risks

OZXX carries sector concentration risk because it intentionally excludes financials and resources. During periods when banks and Mining companies outperform, the ETF may underperform broader Australian equity benchmarks.

The fund also remains exposed to Australian equity market risks, including changes in economic conditions, company earnings and investor sentiment.

Its narrower sector focus means returns can be influenced by the performance of specific industries. Distribution levels may also change depending on underlying company dividends and should not be viewed as guaranteed future income.

Final Takeaway

Global X Australia ex Financials & Resources ETF (ASX:OZXX) provides investors with a differentiated approach to Australian equities by focusing on companies outside the dominant banking and resources sectors. The ETF offers Diversification benefits for investors seeking exposure to other parts of the domestic market, while its performance remains closely linked to sector rotation and the strength of the companies it holds.