ASX exchange-traded funds (ETFs) provide easy diversification in just one trade, and there are more than 420 to choose from today.
The simplest ones track the performance of major indexes such as the S&P/ASX 200 Index (ASX: XJO).
These are called 'passive ETFs' because they simply seek to mirror the performance of an indices, minus fees.
Active ETFs are managed by a professional team that selects the stocks in the portfolio for a higher fee.
Australians invested a net $53 billion into ASX ETFs last year, up 75% on 2024, according to Betashares data.
Given the popularity of ETFs, have you ever wondered which ones other investors are targeting?
We get a clue by looking at the full-year data recently published by the ASX.
The data shows which ETFs have the most funds under management.
This gives an indication as to which ETFs investors have had the most confidence in over the years.
Check them out.
Image source: Getty Images
Which ASX ETFs do investors like best?
1. Vanguard Australian Shares Index ETF (ASX: VAS)
ASX VAS has $22.585 billion in funds under management. In 2025, a net $3 billion flowed in.
The VAS ETF tracks the S&P/ASX 300 Index (ASX: XKO), which represents the 300 largest listed companies by market capitalisation.
This includes blue-chip shares like BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia Ltd (ASX: CBA), and CSL Ltd (ASX:CSL).
2. Vanguard MSCI Index International Shares ETF (ASX: VGS)
VGS has $14.192 billion in funds under management. The ASX VGS brought in $2.6 billion in new funds last year.
The VGS ETF tracks the MSCI World ex-Australia (with net dividends reinvested) in Australian dollars Index.
ASX VGS gives investors exposure to about 1,300 international shares across 23 nations. US shares dominate the portfolio at 74%.
3. iShares S&P 500 ETF (ASX: IVV)
IVV has $13.11 billion in funds under management. The ASX IVV attracted a net inflow of $1.17 billion in 2025.
ASX IVV tracks the performance of the S&P 500 Index (SP: .INX), which represents the 500 biggest listed companies in the US.
4. BetaShares Australia 200 ETF (ASX: A200)
A200 has $8.88 billion in funds under management. The ASX A200 brought in $2.1 billion in new funds last year.
The BetaShares Australia 200 ETF tracks the ASX 200.
5. VanEck MSCI International Quality ETF (ASX: QUAL)
QUAL ETF has $8.07 billion in funds under management. In 2025, a net $293 million flowed in.
The QUAL ETF tracks the MSCI World ex Australia Quality Index, which encompasses 300 diversified and high-quality companies listed on exchanges in developed markets outside Australia.
The 'quality' component has a specific definition: High return on equity (ROE), earnings stability, and a healthy balance sheet.
6. iShares Core S&P/ASX 200 ETF (ASX: IOZ)
IOZ ETF has $7.798 billion in funds under management. The ASX IOZ brought in $1.1 billion in new funds last year.
The iShares Core S&P/ASX 200 ETF tracks the performance of the ASX 200 Accumulation Index.
This index tracks the ASX 200 but also takes into account the reinvestment of dividends.
7. Betashares NASDAQ 100 ETF (ASX: NDQ)
NDQ ETF has $7.69 billion in funds under management. In 2025, a net $927 million flowed in.
This ETF tracks the NASDAQ-100 Index (NASDAQ: NDX), which represents the 100 largest companies listed on the tech-heavy US NASDAQ.
8. Dimensional Australian Core Equity Trust — Active ETF (ASX: DACE)
This ASX ETF has $6.434 billion in funds under management. In 2025, DACE attracted a net inflow of $293 million.
DACE invests in a portfolio of ASX shares selected by Dimensional analysts.
9. Magellan Global Fund – Open Class Units – Active ETF (ASX: MGOC)
MGOC has $6.372 billion in funds under management. This ETF had a net outflow of $1.3 billion in 2025.
MGOC ETF invests in 20 to 40 stocks that the Magellan team considers best in their class.
10. Vanguard US Total Market Shares Index ETF (ASX: VTS)
VTS ETF has $6.361 billion in funds under management. In 2025, investors ploughed an extra $377 million net into this ETF.
The VTS ETF tracks the CRSP US Total Market Index.
This gives investors exposure to more than 3,700 US-listed companies.
