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.
EX20 and MQAE are both Australian Broad Market ETFs. MQAE has the lower management fee (0.03% vs 0.25% p.a.). Holdings overlap is approximately 28% (full holdings data).
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.
Key differences at a glance
Which of EX20 and MQAE 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.
MQAE has the lower management fee - the one objective "cheaper" axis.
MQAE is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
EX20 spreads exposure across more holdings (EX20 180, MQAE 168); the other is more concentrated. Neither is inherently better - it depends on whether you want breadth or a focused tilt.
EX20 distributes approximately 3.9% and MQAE approximately 2.28%; EX20 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.
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
Choosing between EX20 and MQAE 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.
EX20 and MQAE have approximately 28% 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 28% 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 28% 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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