Betashares Australian Ex-20 Portfolio Diversifier ETF vs Macquarie Core Australian Equity Active 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.
Betashares Australian Ex-20 Portfolio Diversifier ETF
BetaShares
Macquarie Core Australian Equity Active ETF
Other
Comparison scores reflect how each ETF compares to the other on these specific dimensions only. They are not absolute ratings or recommendations.
EX20 and MQAE are both Australian Broad Market ETFs: EX20 tracks the S&P/ASX 200 excluding the S&P/ASX 20 and MQAE tracks the . MQAE has the lower management fee (0.03% vs 0.25% p.a.). Holdings overlap is approximately 30% (full holdings data).
Key differences at a glance
There is no single "better" fund here - which suits you depends on your goals. The clearest differences between EX20 and MQAE:
Category scores compare these two ETFs only and are not absolute ratings.
EX20 charges 0.25% p.a. and MQAE charges 0.03% p.a.; the lower fee leads on cost.
EX20 manages $641.8M and MQAE manages $1.0B; the larger fund leads on scale, which can support tighter spreads.
EX20 holds 180 positions and MQAE holds 168; the fund with broader holdings leads on diversification.
EX20 distributes approximately 3.9% (Semi-annually) and MQAE approximately 2.28% (Quarterly); the higher distribution yield leads on income.
Historical return data is not available for both funds, so this dimension is shown as neutral. 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 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.
EX20 top holdings
MQAE top holdings
Sector weights for MQAEare approximate, inferred from the fund's category.
EX20 sectors
MQAE sectors
Geographic weights for MQAEare approximate, inferred from the fund's category.
EX20 geography
MQAE geography
There is no single right choice between EX20 and MQAE - it depends on your goals, time horizon and existing holdings. The key differences are summarised near the top of this page; the two funds may suit different investors:
EX20 may suit investors who: cost-conscious investors who prioritise lower ongoing fees.
MQAE may suit investors who: cost-conscious investors who prioritise lower ongoing fees.
EX20 and MQAE have approximately 30% holdings overlap, based on each fund's full published holdings list. This is considered low overlap.
MQAE has the lower management fee. EX20 charges 0.25% per year ($25 per year on a $10,000 investment) and MQAE charges 0.03% per year ($3 per year on a $10,000 investment). The difference is $22 per year per $10,000 invested.
EX20 (Betashares Australian Ex-20 Portfolio Diversifier ETF) manages approximately $641.8M and MQAE (Macquarie Core Australian Equity Active ETF) manages approximately $1.0B. 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 30% 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. EX20 charges 0.25% and MQAE charges 0.03%, so MQAE has the lower management fee, and they have approximately 30% 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.
Check your portfolio overlap
See how these ETFs interact with your other holdings.
Open overlap checker →Build your portfolio
ProModel a portfolio with these ETFs and see projected fees and income.
Build a portfolio →View full ETF profiles
Holdings, fees, sectors and distributions for each fund.
EX20 full profile →MQAE full profile →Compare another pair
Enter any two ASX ETF tickers to see their side-by-side comparison.
Compare other ETFs →