Betashares S&P Australian Shares High Yield ETF vs Betashares Australian Top 20 Equities Yield Maximiser Complex ETF
Overlap is estimated from the funds' listed top holdings, not their full constituent lists. Where there are no shared listed holdings it is shown as not reliably estimable.
HYLD and YMAX are both Income & Dividends ETFs. HYLD has the lower management fee (0.25% vs 0.76% p.a.). Holdings overlap is approximately 64% estimated (top 21 holdings).
Betashares S&P Australian Shares High Yield ETF
BetaShares
Betashares Australian Top 20 Equities Yield Maximiser Complex 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
HYLD and YMAX suit different goals rather than one being "better" than the other. The clearest differences:
Category scores compare these two ETFs only and are not absolute ratings.
HYLD has the lower management fee - the one objective "cheaper" axis.
YMAX is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
HYLD spreads exposure across more holdings (HYLD 51, YMAX 20); the other is more concentrated. Neither is inherently better - it depends on whether you want breadth or a focused tilt.
HYLD distributes approximately 3.25% and YMAX approximately 7.6%; YMAX 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: top 21 holdings.
Top 10 listed holdings for each fund, from issuer disclosures.
HYLD top holdings
YMAX top holdings
HYLD sectors
YMAX sectors
Geographic weights for HYLDare approximate, inferred from the fund's category.
HYLD geography
YMAX geography
HYLD and YMAX can each make sense depending on your objectives, horizon and existing portfolio. The key differences are near the top of this page, and the full side-by-side data is below.
HYLD and YMAX have approximately 64% estimated holdings overlap (top 21 holdings). This is considered moderate overlap, estimated from listed top holdings rather than the full constituent lists.
HYLD has the lower management fee. HYLD charges 0.25% per year ($25 per year on a $10,000 investment) and YMAX charges 0.76% per year ($76 per year on a $10,000 investment). The difference is $51 per year per $10,000 invested.
HYLD (Betashares S&P Australian Shares High Yield ETF) manages approximately $84.16M and YMAX (Betashares Australian Top 20 Equities Yield Maximiser Complex ETF) manages approximately $649.3M. 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 64% estimated holdings overlap the two funds share a moderate proportion of holdings, so there is some duplicated exposure. 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. HYLD charges 0.25% and YMAX charges 0.76%, so HYLD has the lower management fee, and they have approximately 64% 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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