The best and worst-performing global share ETFs of 2025
ETFs have become a popular way for Australians to gain easy, low-cost access to global markets. But with so many international ETFs now listed on the ASX, it's not always obvious which ones are really delivering.
That's where our annual ETF Scorecard comes in. Each year we review the full market, ranking ETFs by their one-year returns across a range of categories. In this article, we highlight the best and worst-performing global share ETFs, showing how investors fared when looking beyond local markets.
Of course, short-term results are only part of the picture and no guarantee of future returns. That's why the Scorecard also applies InvestSMART's star rating system, giving every ETF a score out of five to help identify long-term quality over short-term noise.
Here are the standouts - and stragglers - of 2025.
10 best-performing global share ETFs
ASX code |
ETF name |
1-yr return |
MER |
Growth of $1K over 1 year |
Star rating |
ESTX |
Global X EURO STOXX 50 ETF |
22.8% |
0.35% |
$1,228 |
4 |
F100 |
Betashares FTSE 100 ETF |
21.5% |
0.45% |
$1,215 |
4 |
VEQ |
Vanguard FTSE Europe Shares ETF |
20.2% |
0.35% |
$1,202 |
4 |
VEU |
Vanguard All-World ex-US Shares ETF |
19.4% |
0.07% |
$1,194 |
5 |
IEU |
iShares Europe ETF |
19.2% |
0.58% |
$1,192 |
4 |
Based on one-year returns to 30 June 2025.
10 worst-performing global share ETFs
ASX code |
ETF name |
1-yr return |
MER |
Growth of $1K over 1 year |
Star rating |
IJR |
iShares S&P Small-Cap ETF |
6.9% |
0.07% |
$1,069 |
5 |
HQUS |
Betashares S&P 500 Equal Weight ETF* |
8.8% |
0.32% |
$1,088 |
3 |
IJH |
iShares S&P Mid-Cap ETF |
9.1% |
0.07% |
$1,091 |
5 |
IHOO |
iShares Global 100 ETF* |
9.2% |
0.43% |
$1,092 |
4 |
IHWL |
iShares Core MSCI World ex Australia ESG ETF* |
9.2% |
0.13% |
$1,092 |
4 |
Based on one-year returns to 30 June 2025. *Currency Hedged
International shares have been a powerhouse of returns over the 12 months to June 2025, overcoming the intense volatility seen in April caused by US tariff announcements. However, our analysis confirms that returns on global shares can vary markedly between ETFs. This goes to the heart of understanding a particular fund's investment approach.
Several of this year's best performers have a distinctly continental flavour, often with a focus on European stocks. That's the case with the top performer, the Global X EURO STOXX 50 ETF (ASX: ESTX), which returned 22.8%.
ESTX includes leading international brands among its investments, including German software company SAP - the world's largest enterprise software provider - German technology conglomerate Siemens and luxury brand LVMH.
Taking a very different approach, runner-up with a return of 21.5% - the Betashares FTSE 100 ETF (ASX: F100) - provides exposure to the 100 largest companies listed on the London Stock Exchange. The UK exchange may be a long way from Australian shores, but many of F100's holdings will be familiar to Aussie investors, with brands that include HSBC, Rolls-Royce, pharma giant AstraZeneca, Unilever, Shell and BP.
The worst performer, the iShares S&P Small Cap ETF (ASX: IJR), which returned 6.9%, gives investors exposure to smaller US-listed companies. These companies have, broadly speaking, faced challenges in recent years. They often lack the pricing power that allows larger brands to pass on rising costs to consumers during periods of high inflation, and they can face higher interest charges on borrowings.
This article is part of the InvestSMART ETF Scorecard 2025. Download the full report to discover:
- The best and worst performers overall and in the following categories: Australian shares, Australian fixed income, Australian high yield, commodities and Australian ethical
- The most and least popular ETFs on the ASX
- Which ETFs get an InvestSMART five-star rating
Frequently Asked Questions about this Article…
The best-performing global share ETF of 2025 is the Global X EURO STOXX 50 ETF (ASX: ESTX), which returned 22.8%. Other top performers include the Betashares FTSE 100 ETF (ASX: F100) with a 21.5% return and the Vanguard FTSE Europe Shares ETF (ASX: VEQ) with a 20.2% return.
The best-performing global share ETF of 2025 is the Global X EURO STOXX 50 ETF (ASX: ESTX) with a 22.8% return. Other top performers include the Betashares FTSE 100 ETF (ASX: F100) and the Vanguard FTSE Europe Shares ETF (ASX: VEQ).
The iShares S&P Small-Cap ETF (ASX: IJR) was the worst-performing global share ETF in 2025, with a return of 6.9%. This ETF focuses on smaller US-listed companies, which have faced challenges such as high inflation and interest charges.
The iShares S&P Small-Cap ETF (ASX: IJR) was the worst-performing global share ETF in 2025, with a return of 6.9%.
The InvestSMART star rating system provides a score out of five for each ETF, helping investors identify long-term quality over short-term performance. This system aids in making informed investment decisions by highlighting the potential for sustained growth.
The InvestSMART star rating system provides a score out of five for each ETF, helping investors identify long-term quality over short-term performance noise.
European-focused ETFs, like the Global X EURO STOXX 50 ETF, have performed well due to their investment in leading international brands such as SAP, Siemens, and LVMH. These companies have shown resilience and growth, contributing to the strong performance of these ETFs.
European-focused ETFs like the Global X EURO STOXX 50 ETF performed well due to their investment in leading international brands such as SAP, Siemens, and LVMH, which have shown strong returns.
The Betashares FTSE 100 ETF (ASX: F100) performed well with a 21.5% return due to its exposure to the 100 largest companies on the London Stock Exchange. Familiar brands like HSBC, Rolls-Royce, and AstraZeneca have contributed to its success.
Small-cap ETFs like the iShares S&P Small-Cap ETF faced challenges due to their exposure to smaller US-listed companies, which often lack pricing power and face higher interest charges during periods of high inflation.
Global share ETFs offer Australian investors diversification by providing access to international markets and companies. This allows investors to spread risk and potentially benefit from growth opportunities outside the local market.
The Management Expense Ratio (MER) is significant as it impacts the net returns of an ETF. Lower MERs can lead to higher net returns for investors.
Smaller US-listed companies, like those in the iShares S&P Small-Cap ETF, have faced challenges such as high inflation and interest charges. These companies often lack the pricing power of larger brands, making it difficult to pass on rising costs to consumers.
Global share ETFs managed to deliver strong returns despite market volatility caused by US tariff announcements, showcasing the resilience and potential of international markets.
Considering both short-term and long-term performance is crucial because short-term results can be volatile and not indicative of future returns. Long-term performance provides a better understanding of an ETF's potential for sustained growth and stability.
The Betashares FTSE 100 ETF provides exposure to the 100 largest companies listed on the London Stock Exchange, including well-known brands like HSBC, Rolls-Royce, AstraZeneca, Unilever, Shell, and BP.