Highlights

  • State Street SPDR S&P World ex Australia Carbon Aware ETF (ASX:WXOZ) provides exposure to developed-market equities outside Australia.
  • The ETF applies a carbon-aware methodology while maintaining broad global Equity diversification.
  • At the time of writing on 27 August 2026, WXOZ was trading at AUD 50.66, up 0.22%.
  • At the time of writing on 27 August 2026, the ETF’s indicated Dividend Yield was 5.94%.

Global equity exposure remains a key component for many investors seeking Diversification beyond the Australian market. State Street SPDR S&P World ex Australia Carbon Aware ETF (ASX:WXOZ) provides access to developed-market companies while incorporating a carbon-aware approach that aims to reduce portfolio emissions exposure compared with a standard benchmark. While the ETF offers broad international exposure, investors should consider global market movements, currency fluctuations and differences created by its sustainability-focused methodology.

ETF Overview

WXOZ is a passive ETF designed to track an index of large and mid-cap companies across developed markets outside Australia while applying a carbon-aware Investment framework.

The ETF adjusts portfolio weightings with the aim of reducing carbon exposure relative to its broader benchmark. It provides exposure across multiple countries and sectors, including significant allocations to US companies alongside markets such as Japan and Europe.

The fund is unhedged, meaning movements in foreign currencies against the Australian dollar can influence returns. This structure allows investors to participate in global equity market performance while retaining exposure to currency movements.

The ETF provides broad diversification through a large number of underlying holdings and distributes income annually.

At the time of writing on 27 August 2026, State Street SPDR S&P World ex Australia Carbon Aware ETF (ASX:WXOZ) was trading at AUD 50.66, up 0.22%. At the time of writing on 27 August 2026, the ETF’s indicated dividend yield was 5.94%.

Market Focus

WXOZ has attracted attention from investors seeking a global equity portfolio with sustainability considerations integrated into its construction.

The carbon-aware approach allows investors to maintain exposure to developed-market companies while applying environmental considerations to portfolio selection and weighting. The strategy aims to provide an alternative to traditional global equity benchmarks without moving away from broad market exposure.

The ETF’s large exposure to global markets, particularly the US, means performance is influenced by major economic trends, corporate Earnings growth and investor sentiment toward international equities.

Income Profile

WXOZ provides exposure to global companies that generate returns through both Capital growth and dividend distributions. At the time of writing on 27 August 2026, the ETF’s indicated dividend yield was 5.94%.

For broad global equity ETFs, distribution levels can reflect underlying company dividends, annual payment timing and realised gains within the portfolio. As a result, the headline yield may vary between periods and should not be viewed as a fixed income stream.

The ETF’s income profile should be considered alongside its broader objective of providing diversified global equity exposure with a carbon-aware investment approach.

Growth Drivers

Future performance of WXOZ will depend on global equity market conditions, corporate earnings trends, Interest Rate expectations and currency movements.

The ETF’s exposure to developed markets means returns will be influenced by major economies, particularly the US market and large global companies. Growth in technology, healthcare, industrials and other key sectors may affect overall portfolio performance.

Since the ETF is unhedged, movements in the Australian dollar relative to international currencies will also remain an important factor. A weaker Australian dollar may support offshore investment returns, while a stronger currency can reduce them.

Key Risks

WXOZ carries global equity market risk, with returns affected by changes in company earnings, valuations and broader investor sentiment.

The ETF’s unhedged structure introduces currency risk, meaning foreign exchange movements can impact returns for Australian investors. A stronger Australian dollar may reduce the value of offshore holdings when converted back into Australian dollars.

The carbon-aware methodology may also result in differences compared with traditional global benchmarks, which can lead to periods of relative underperformance or outperformance. Distribution levels can change over time and should not be considered guaranteed future income.

Final Takeaway

State Street SPDR S&P World ex Australia Carbon Aware ETF (ASX:WXOZ) provides investors with diversified exposure to developed-market equities while incorporating a carbon-aware investment approach. The ETF combines broad global market access with sustainability considerations, although investors should assess currency exposure, global equity risks and portfolio differences created by the carbon methodology.