Macquarie Core Australian Equity Active ETF vs SPDR S&P/ASX 50 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.
Macquarie Core Australian Equity Active ETF
Other
SPDR S&P/ASX 50 ETF
State Street (SPDR)
Comparison scores reflect how each ETF compares to the other on these specific dimensions only. They are not absolute ratings or recommendations.
MQAE and SFY are highly similar Australian Broad Market ETFs, with approximately 74% estimated (top 50 holdings) holdings overlap. MQAE has the lower management fee (0.03% vs 0.2% p.a.).
Key differences at a glance
There is no single "better" fund here - which suits you depends on your goals. The clearest differences between MQAE and SFY:
Category scores compare these two ETFs only and are not absolute ratings.
MQAE charges 0.03% p.a. and SFY charges 0.2% p.a.; the lower fee leads on cost.
MQAE manages $1.0B and SFY manages $709.43M; the larger fund leads on scale, which can support tighter spreads.
MQAE holds 168 positions and SFY holds 50; the fund with broader holdings leads on diversification.
MQAE distributes approximately 2.28% (Quarterly) and SFY approximately 3.68% (Quarterly); the higher distribution yield leads on income.
Over the compared period MQAE returned 9.3% and SFY returned 10.9%. 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: top 50 holdings.
Top 10 listed holdings for each fund, from issuer disclosures.
MQAE top holdings
SFY top holdings
Sector weights for MQAEare approximate, inferred from the fund's category.
MQAE sectors
SFY sectors
Geographic weights for MQAEare approximate, inferred from the fund's category.
MQAE geography
SFY geography
There is no single right choice between MQAE and SFY - 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:
MQAE may suit investors who: cost-conscious investors who prioritise lower ongoing fees.
SFY may suit investors who: cost-conscious investors who prioritise lower ongoing fees.
MQAE and SFY have approximately 74% estimated holdings overlap (top 50 holdings). This is considered high overlap, estimated from listed top holdings rather than the full constituent lists.
MQAE has the lower management fee. MQAE charges 0.03% per year ($3 per year on a $10,000 investment) and SFY charges 0.2% per year ($20 per year on a $10,000 investment). The difference is $17 per year per $10,000 invested.
MQAE (Macquarie Core Australian Equity Active ETF) manages approximately $1.0B and SFY (SPDR S&P/ASX 50 ETF) manages approximately $709.43M. 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 74% estimated holdings overlap the two funds hold a high proportion of the same companies, so holding both means paying two sets of management fees on largely the same 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. MQAE charges 0.03% and SFY charges 0.2%, so MQAE has the lower management fee, and they have approximately 74% 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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