Betashares Australian Ex-20 Portfolio Diversifier ETF vs Betashares FTSE RAFI Australia 200 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 QOZ are both Australian Broad Market ETFs. EX20 tracks the S&P/ASX 200 excluding the S&P/ASX 20 and QOZ tracks the FTSE RAFI Australia 200 Index. EX20 has the lower management fee (0.25% vs 0.4% p.a.). Holdings overlap is approximately 32% (full holdings data).
Betashares Australian Ex-20 Portfolio Diversifier ETF
BetaShares
Betashares FTSE RAFI Australia 200 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 EX20 and QOZ 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.
EX20 has the lower management fee - the one objective "cheaper" axis.
QOZ is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
QOZ spreads exposure across more holdings (EX20 180, QOZ 199); the other is more concentrated. Neither is inherently better - it depends on whether you want breadth or a focused tilt.
EX20 distributes approximately 2.9% and QOZ approximately 3.7%; QOZ 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 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
QOZ top holdings
Based on each fund's most recently published sector and geographic weightings; figures are approximate. Full breakdowns are shown below.
EX20 sectors
QOZ sectors
EX20 geography
QOZ geography
Choosing between EX20 and QOZ 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 QOZ have approximately 32% holdings overlap, based on each fund's full published holdings list. This is considered low overlap.
EX20 has the lower management fee. EX20 charges 0.25% per year ($25 per year on a $10,000 investment) and QOZ charges 0.4% per year ($40 per year on a $10,000 investment). The difference is $15 per year per $10,000 invested.
EX20 (Betashares Australian Ex-20 Portfolio Diversifier ETF) manages approximately $641.8M and QOZ (Betashares FTSE RAFI Australia 200 ETF) manages approximately $1.1B. 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 32% 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 QOZ charges 0.4%, so EX20 has the lower management fee, and they have approximately 32% 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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