Betashares Australian Bank Senior Floating Rate Bond ETF vs Vanguard Australian Fixed Interest Index 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.
QPON and VAF are both Bonds ETFs. QPON tracks the Solactive Australian Bank Senior Floating Rate Bond Index and VAF tracks the Bloomberg AusBond Composite 0+ Yr Index. VAF has the lower management fee (0.1% vs 0.22% p.a.). Holdings overlap is approximately 0% estimated (top 16 holdings).
Betashares Australian Bank Senior Floating Rate Bond ETF
BetaShares
Vanguard Australian Fixed Interest Index ETF
Vanguard
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 QPON and VAF 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.
VAF has the lower management fee - the one objective "cheaper" axis.
VAF is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
VAF spreads exposure across more holdings (QPON 14, VAF 843); the other is more concentrated. Neither is inherently better - it depends on whether you want breadth or a focused tilt.
QPON distributes approximately 4.4% and VAF approximately 3.2%; QPON 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: top 16 holdings.
Top 10 listed holdings for each fund, from issuer disclosures.
QPON top holdings
VAF top holdings
Based on each fund's most recently published sector and geographic weightings; figures are approximate. Full breakdowns are shown below.
QPON sectors
VAF sectors
QPON geography
VAF geography
Choosing between QPON and VAF 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.
QPON and VAF have approximately 0% estimated holdings overlap (top 16 holdings). This is considered low overlap, estimated from listed top holdings rather than the full constituent lists.
VAF has the lower management fee. QPON charges 0.22% per year ($22 per year on a $10,000 investment) and VAF charges 0.1% per year ($10 per year on a $10,000 investment). The difference is $12 per year per $10,000 invested.
QPON (Betashares Australian Bank Senior Floating Rate Bond ETF) manages approximately $2.0B and VAF (Vanguard Australian Fixed Interest Index ETF) manages approximately $3.5B. 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 0% 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. QPON charges 0.22% and VAF charges 0.1%, so VAF has the lower management fee, and they have approximately 0% 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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