Betashares Australian Government Bond ETF vs Betashares Australian Composite Bond ETF
Overlap is calculated from each fund's full published holdings list. Where there are no shared listed holdings it is shown as not reliably estimable.
AGVT and OZBD are both Bonds ETFs. AGVT tracks the Bloomberg AusBond Government 0+ Yr Index and OZBD tracks the Bloomberg Australian Enhanced Yield Composite Bond Index. AGVT has the lower management fee (0.1% vs 0.19% p.a.). Holdings overlap is approximately 10% (full holdings data).
Betashares Australian Government Bond ETF
BetaShares
Betashares Australian Composite Bond ETF
BetaShares
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 AGVT and OZBD 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.
AGVT has the lower management fee - the one objective "cheaper" axis.
Both funds are a similar size by assets.
OZBD spreads exposure across more holdings (AGVT 79, OZBD 718); the other is more concentrated. Neither is inherently better - it depends on whether you want breadth or a focused tilt.
AGVT distributes approximately 3.9% and OZBD approximately 4.41%; OZBD 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; sector and geography figures for some funds are category-inferred estimates, clearly labelled on each fund's page.
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 shared holdings ranked by overlap contribution, the smaller of each company's weight in the two funds. Basis: full holdings data.
Top 10 listed holdings for each fund, from issuer disclosures.
AGVT top holdings
OZBD top holdings
Based on each fund's most recently published sector and geographic weightings; figures are approximate. Full breakdowns are shown below.
Sector weights for OZBDare approximate, inferred from the fund's category.
AGVT sectors
OZBD sectors
AGVT geography
OZBD geography
Choosing between AGVT and OZBD 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.
AGVT and OZBD have approximately 10% holdings overlap, based on each fund's full published holdings list. This is considered low overlap.
AGVT has the lower management fee. AGVT charges 0.1% per year ($10 per year on a $10,000 investment) and OZBD charges 0.19% per year ($19 per year on a $10,000 investment). The difference is $9 per year per $10,000 invested.
AGVT (Betashares Australian Government Bond ETF) manages approximately $1.1B and OZBD (Betashares Australian Composite Bond ETF) manages approximately $1.2B. Fund size can affect liquidity and bid-ask spreads but does not by itself change the management fee.
You can hold both, but with approximately 10% estimated holdings overlap the two funds hold mostly different companies, so they can be more complementary. Whether that suits you depends on your own objectives.
There is no universally right choice. It depends on your goals, time horizon and existing holdings. AGVT charges 0.1% and OZBD charges 0.19%, so AGVT has the lower management fee, and they have approximately 10% estimated holdings overlap. 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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