Key Highlights

  • iShares S&P 500 ETF (ASX:IVV) tracks the S&P 500 Net TR Index (AUD) with a 0.04% management fee and a fund size of $14.68 billion.
  • Betashares S&P 500 Equal Weight ETF (ASX:QUS) holds 503 companies at similar weights, with the top ten at only 3.18%.
  • Global X S&P 500 High Yield Low Volatility ETF (ASX:ZYUS) holds 50 companies led by real estate, consumer defensive and utilities.

Three exchange traded funds use the S&P 500 universe in different ways. iShares S&P 500 ETF (ASX:IVV) tracks the index by market weight, Betashares S&P 500 Equal Weight ETF (ASX:QUS) holds the constituents at similar weights, and Global X S&P 500 High Yield Low Volatility ETF (ASX:ZYUS) tracks an index of 50 companies selected on dividend and volatility characteristics.

iShares S&P 500 ETF (ASX:IVV)

The S&P 500 is a benchmark of large US companies. The fund obtains its exposure through a single underlying fund, the iShares Core S&P 500 ETF, which makes up 99.97% of the portfolio. It is categorised as Equity North America and is benchmarked to the S&P 500 NR AUD index.

The portfolio is held through a single investment, iShares Core S&P 500 ETF (IVV), which represents 99.97% of the fund.

By sector, the portfolio is allocated as follows: Technology 40.12%, Financial Services 11.30%, Communication Services 9.93%, Healthcare 9.36%, Consumer Cyclical 8.71%, Industrials 7.62%, Consumer Defensive 4.40%, Energy 3.39%, Utilities 1.89%, Real Estate 1.71%.

The most recent recorded distribution was an interim distribution of $0.173 per unit, with an ex-date of 29 September 2026, a record date of 30 September 2026 and payment on 9 October 2026.

Betashares S&P 500 Equal Weight ETF (ASX:QUS)

An equal-weighted index gives each constituent a similar weight rather than weighting by company size. QUS is categorised as Equity North America and holds 503 companies, with a turnover ratio of 4.06%.

The fund holds 503 holdings. Its largest positions are Moderna, Inc. (0.58%), Veeva Systems Inc. (0.33%), Zebra Technologies Corp (0.31%), Charles River Laboratories International, Inc. (0.29%), DoorDash Inc (0.28%), and the top ten holdings together account for 3.18% of the portfolio.

The remaining top ten positions are Salesforce, Inc. (0.28%), Expedia Group, Inc. (0.27%), Global Payments Inc (0.27%), Palo Alto Networks, Inc. (0.27%), IQVIA Holdings Inc (0.26%).

The most recent recorded distribution was a final distribution of $1.110 per unit, with an ex-date of 1 July 2026, a record date of 2 July 2026 and payment on 16 July 2026.

Global X S&P 500 High Yield Low Volatility ETF (ASX:ZYUS)

The index selects S&P 500 companies on dividend and volatility characteristics, which produces a different portfolio from a size-weighted S&P 500 fund. The fund is categorised as Equity North America and holds 50 companies, with a turnover ratio of 52.40%.

The fund holds 50 holdings. Its largest positions are Pfizer Inc. (3.81%), Verizon Communications Inc (3.39%), The Kraft Heinz Company (2.90%), General Mills Inc (2.89%), VICI Properties Inc (2.86%), and the top ten holdings together account for 28.87% of the portfolio.

The remaining top ten positions are AT&T Inc (2.82%), Altria Group Inc (2.73%), Healthpeak Properties, Inc (2.54%), Comcast Corporation (2.47%), Prudential Financial Inc (2.41%).

The most recent recorded distribution was an interim distribution of $0.125 per unit, with an ex-date of 2 October 2026, a record date of 5 October 2026 and payment on 19 October 2026.

Fund Details at a Glance

  • IVV: Equity North America; benchmark S&P 500 NR AUD; admitted 10 October 2007; fund size $14.68 billion; management fee 0.04%
  • QUS: Equity North America; benchmark S&P 500 Equal Weighted TR USD; admitted 19 December 2014; fund size $1.46 billion; management fee 0.29%
  • ZYUS: Equity North America; benchmark S&P 500 Low Volatility High Div TR USD; admitted 12 June 2015; fund size $73.40 million; management fee 0.35%

Final Takeaway

IVV, QUS and ZYUS each draw on S&P 500 companies but weight them differently, producing different sector mixes. Their most recent distributions were $0.173 per unit for IVV (paid 9 October 2026), $1.110 for QUS (paid 16 July 2026) and $0.125 for ZYUS (paid 19 October 2026).