Macquarie Subordinated Debt Active ETF vs VanEck Australian Subordinated Debt 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.
MQSD and SUBD are both Bonds ETFs. Both charge 0.29% p.a. Holdings overlap is approximately 46% estimated (top 36 holdings).
Macquarie Subordinated Debt Active ETF
Other
VanEck Australian Subordinated Debt ETF
VanEck
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 MQSD and SUBD 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.
Both charge about 0.29% p.a.
SUBD is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
MQSD spreads exposure across more holdings (MQSD 145, SUBD 36); the other is more concentrated. Neither is inherently better - it depends on whether you want breadth or a focused tilt.
MQSD distributes approximately 5.39% and SUBD approximately 4.5%; MQSD 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 36 holdings.
Top 10 listed holdings for each fund, from issuer disclosures.
MQSD top holdings
SUBD top holdings
Sector weights for MQSDare approximate, inferred from the fund's category.
MQSD sectors
SUBD sectors
Geographic weights for MQSDare approximate, inferred from the fund's category.
MQSD geography
SUBD geography
Choosing between MQSD and SUBD 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.
MQSD and SUBD have approximately 46% estimated holdings overlap (top 36 holdings). This is considered moderate overlap, estimated from listed top holdings rather than the full constituent lists.
MQSD and SUBD charge the same management fee of 0.29% per year.
MQSD (Macquarie Subordinated Debt Active ETF) manages approximately $595.43M and SUBD (VanEck Australian Subordinated Debt ETF) manages approximately $3.7B. 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 46% 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. MQSD charges 0.29% and SUBD charges 0.29%, the same management fee, and they have approximately 46% 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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