What is the ASX 50?
The ASX 50 List represents the 50 largest companies listed on the Australian Securities Exchange (ASX) by market capitalisation. The underlying benchmark — the S&P/ASX 50 Index — is a market cap weighted index that captures Australia’s top large-cap stocks.
Together, these companies account for a large portion of the total market value of the ASX and are among the most liquid and widely traded.
ASX 50 Index Overview
- Name: S&P/ASX 50 (XFL)
- Constituents: 50 largest ASX companies by market cap
- Rebalance: Quarterly (March, June, September, December)
- ETF Tracking the Index: SPDR S&P/ASX 50 Fund (SFY)
ASX 50 List
The 50 largest companies by market capitalisation (includes ETFs & LICs) and not S&P constituents.
| Code | Company |
|---|---|
| AIA | Auckland International Airport Ltd |
| ALL | Aristocrat Leisure Ltd |
| AMC | Amcor Plc |
| ANZ | Australia and New Zealand Banking Group Ltd |
| APA | APA Group |
| APT | Afterpay Ltd |
| ASX | ASX Ltd |
| BHP | BHP Group Ltd |
| BSL | Bluescope Steel Ltd |
| BXB | Brambles Ltd |
| CBA | Commonwealth Bank of Australia |
| COH | Cochlear Ltd |
| COL | Coles Group Ltd |
| CSL | CSL Ltd |
| DXS | Dexus |
| FMG | Fortescue Metals Group Ltd |
| FPH | Fisher & Paykel Healthcare Corporation Ltd |
| GMG | Goodman Group |
| IAG | Insurance Australia Group Ltd |
| JHX | James Hardie Industries Plc |
| MGOC | Magellan Global Fund (Open Class) (Managed Fund) |
| MGR | Mirvac Group |
| MQG | Macquarie Group Ltd |
| NAB | National Australia Bank Ltd |
| NCM | Newcrest Mining Ltd |
| NST | Northern Star Resources Ltd |
| QBE | QBE Insurance Group Ltd |
| REA | REA Group Ltd |
| REH | Reece Ltd |
| RHC | Ramsay Health Care Ltd |
| RIO | RIO Tinto Ltd |
| RMD | Resmed Inc |
| S32 | SOUTH32 Ltd |
| SCG | Scentre Group |
| SEK | Seek Ltd |
| SGP | Stockland |
| SHL | Sonic Healthcare Ltd |
| STO | Santos Ltd |
| SUN | Suncorp Group Ltd |
| SYD | Sydney Airport |
| TAH | Tabcorp Holdings Ltd |
| TCL | Transurban Group |
| TLS | Telstra Corporation Ltd |
| TPG | TPG Telecom Ltd |
| WBC | Westpac Banking Corporation |
| WES | Wesfarmers Ltd |
| WOW | Woolworths Group Ltd |
| WPL | Woodside Petroleum Ltd |
| WTC | Wisetech Global Ltd |
| XRO | Xero Ltd |
Why the ASX 50 Matters
- 📊 Market Leadership: Includes Australia’s largest companies like BHP, CBA, Wesfarmers, and more.
- 📉 Benchmark for Large-Cap Stocks: Used to assess performance of key Australian equities.
- 💼 Investor Insight: A common starting point for portfolios targeting blue-chip exposure.
How Companies are Selected
Constituents are ranked by market capitalisation and must meet minimum liquidity and volume criteria. The list excludes listed investment companies and ETFs. Quarterly reviews ensure the index reflects current market sizes.
Frequently Asked Questions – ASX 50
Q: How often is the ASX 50 updated?
A: It is typically reviewed quarterly — March, June, September and December.
Q: Can I invest directly in the ASX 50?
A: You can invest via funds such as the SPDR S&P/ASX 50 ETF, a product designed to replicate the index’s performance.
Disclaimer
Information here is provided for educational purposes and isn’t financial or investment advice. Always consult a licensed financial advisor before making investment decisions.