Betashares Australian High Interest Cash ETF vs iShares Enhanced Cash ETF
These ETFs invest in different asset classes (shares vs bonds). They are unlikely to share holdings.
Scored across Cost (35%), Fund size (20%), Holdings breadth (25%), Income (20%). Past performance is excluded.
See full breakdown ↓Overlap is estimated from the funds' listed top holdings, not their full constituent lists. These funds invest in different markets, so the expected overlap is approximately 0%.
AAA and ISEC are both Bonds ETFs. AAA tracks the Aims to exceed 30-day BBSW and ISEC tracks the Bloomberg AusBond Credit 0-3 Yr Index (aims to beat). ISEC has the lower management fee (0.12% vs 0.18% p.a.). A holdings overlap is not reliably estimable for this pair.
Betashares Australian High Interest Cash ETF
BetaShares
iShares Enhanced Cash ETF
BlackRock (iShares)
Comparison scores reflect how each ETF compares to the other on these specific dimensions only. They are not absolute ratings or recommendations.
Key differences at a glance
Which of AAA and ISEC fits depends on your objectives, not on one being superior. Where the two funds differ most:
Category scores compare these two ETFs only and are not absolute ratings.
ISEC has the lower management fee - the one objective "cheaper" axis.
AAA is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
ISEC spreads exposure across more holdings (AAA 9, ISEC 83); the other is more concentrated. Neither is inherently better - it depends on whether you want breadth or a focused tilt.
AAA distributes approximately 3.9% and ISEC approximately 4.2%; ISEC carries the higher estimated distribution yield. A higher yield may suit an income focus; a lower one may suit a growth or tax-efficiency focus. Yields are estimates and are not guaranteed; past performance is not a reliable indicator of future returns.
Green highlights the factually lower fee or higher scale/income figure. Performance is never highlighted. Data from issuer disclosures, reviewed quarterly.
Yield figures are estimates based on recent distributions and may vary. Past distributions are not a reliable indicator of future distributions.
Past performance is not a reliable indicator of future returns.
Top 10 listed holdings for each fund, from issuer disclosures. Where a fund does not publish full holdings, its list is not shown here (a category-based estimate appears on the fund page).
AAA top holdings
ISEC top holdings
This issuer does not publish full holdings for this fund, so they are not shown here.
Based on each fund's most recently published sector and geographic weightings; figures are approximate. Full breakdowns are shown below.
AAA sectors
ISEC sectors
AAA geography
ISEC geography
Choosing between AAA and ISEC depends on your goals, time horizon and current holdings, not on one being the right answer for everyone. The main differences are summarised above, with the complete data below.
AAA and ISEC do not share enough listed top holdings to reliably estimate a holdings overlap. Compare their fees, holdings and sectors on this page.
ISEC has the lower management fee. AAA charges 0.18% per year ($18 per year on a $10,000 investment) and ISEC charges 0.12% per year ($12 per year on a $10,000 investment). The difference is $6 per year per $10,000 invested.
AAA (Betashares Australian High Interest Cash ETF) manages approximately $5.2B and ISEC (iShares Enhanced Cash ETF) manages approximately $650M. Fund size can affect liquidity and bid-ask spreads but does not by itself change the management fee.
AAA and ISEC do not share enough listed top holdings to estimate overlap, so whether holding both duplicates your exposure depends on their full constituent lists.
There is no universally right choice. It depends on your goals, time horizon and existing holdings. AAA charges 0.18% and ISEC charges 0.12%, so ISEC has the lower management fee. Compare their fees, holdings and sectors above and consider each fund's Product Disclosure Statement and Target Market Determination.
General information only.This comparison and the ETFLens tools on this page provide general information about two exchange-traded funds and do not take into account your personal objectives, financial situation or needs. It is not personal financial product or investment advice. ETFLens does not hold an Australian Financial Services Licence (AFSL). Holdings overlap is calculated from each fund's published holdings (full lists where the issuer publishes one, listed top holdings otherwise), and fee data is sourced from fund manager PDS documents and updated quarterly. Past performance is not a reliable indicator of future returns. Consider each fund's Product Disclosure Statement (PDS) and Target Market Determination (TMD), and seek advice from a registered tax agent or licensed financial adviser, before making investment decisions.
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