Is ESTX a good ETF?
ESTX is the Global X EURO STOXX 50 ETF from Global X. It tracks the EURO STOXX 50 Index. We classify it under Intl and Large-Cap. With about $480 million in assets it is a solidly established fund. Listed on the ASX since 2015-10-08 (almost 11 years ago).
On a total-return basis, ESTX has delivered 11.42% a year over 10 years (ranked 32nd of 108 ETFs we track), 11.85% a year over 5 years (ranked 31st of 188 ETFs we track), 14.67% a year over 3 years (ranked 66th of 226 ETFs we track), and 12.13% a year over 1 year (ranked 99th of 308 ETFs we track). Its strongest showing is over 5 years, where it sits in the top 16% of all ETFs we track.
The management fee of 0.35% is reasonable. That's cheaper than the typical 0.49% for similar ETFs. If cost is your priority, IVE (0.32%) cover similar ground for less. It pays a high 7.18% yield — generous income, but check it isn't a sign of a narrow or higher-risk portfolio. Bear in mind distributions are taxed each year at your marginal rate, so a high yield is less tax-efficient for higher earners and during the accumulation phase.
Over the past 10 years its volatility has been moderate (annualised standard deviation around 14.47%), meaning the kind of swings you'd expect from a diversified equity fund. Its 10-year Sharpe ratio of 0.67 is reasonable — that's the return it has earned per unit of risk taken (higher is better).
Portfolio turnover is very low at about 5% a year — the portfolio barely changes from year to year, much like a classic buy-and-hold index fund. Very little of its return is lost to trading or to capital gains being realised early, making it highly tax-efficient.
Strengths
- Top-16% returns over 5 years (31st of 188 ETFs we track).
- Low-cost: a 0.35% management fee keeps more of the return in your pocket.
- High 7.18% income yield — good for investors who want regular cash flow.
Things to watch
- Cheaper alternatives exist: IVE.
- That income is taxed yearly at your marginal rate, so it's less efficient for higher earners.
What ESTX's categories mean for you
How each category this ETF belongs to tends to behave across market cycles.
Global and international shares from outside Australia — broadening you into thousands of companies and the sectors (tech, healthcare) the local market lacks.
- Market regime
- Essential diversification away from the bank-and-resources-heavy ASX. Unhedged versions carry currency risk; hedged versions remove it at a small cost.
- In a portfolio
- A core holding for almost every long-term Australian portfolio.
The biggest, most established companies. More stable earnings, lower volatility and often steadier dividends than the broad market.
- Market regime
- Holds up comparatively well in downturns and uncertain markets; tends to lag small-caps and growth during the most aggressive bull runs.
- In a portfolio
- A dependable core building block suited to long-term holding.
General information only, generated from the fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.