AAA vs BILL - Compare ETFs side by side

At a glance

Comparing AAA and BILL. BILL has the lower management fee at 0.07% a year, AAA has the higher 5 years return at 3.3% a year, and AAA offers the higher at 3.98%.

Lower fee

BILL 0.07% p.a.

Higher 5 years return

AAA 3.3% p.a.

Higher yield

AAA 3.98%

Higher risk-adjusted

AAA Sharpe 2.38 (3y)

Lower volatility

AAA 0.5% (5y)

Larger fund

AAA $5bn

Side-by-side comparison

Metric	AAA BetaShares Australian High Interest Cash ETF	BILL iShares Core Cash ETF
Snapshot
Provider	BetaShares	iShares
Tracks index	—	—
Categories	AU, Bonds	AU, Bonds
Listed since	—	—
Fund size (AUM)	$5bn	$1.2bn
Cost & income
Management fee	0.18%	0.07%
Dividend yield	3.98%	3.96%
Franking	0%	0%
Turnover	2%	0%
Tax drag	1.32%	1.27%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	4.1% net	4% net
3-year return	4.3% net	4.3% net
5-year return	3.3% net	3.3% net
10-year return	2.4% net	—
Risk
Volatility (3y)	0.1%	0.1%
Volatility (5y)	0.5%	0.5%
Volatility (10y)	0.4%	—
Sharpe ratio (3y)	2.38	1.98
Sharpe ratio (5y)	0.8	—
Sharpe ratio (10y)	2.52	—
Bid/ask spread	—	—

marks the strongest fund in each row. “net” shows the after-tax return at your selected bracket. “—” means we don’t have that data point yet.

Each fund at a glance

AAA BetaShares Australian High Interest Cash ETF

Low-cost: a 0.18% management fee keeps more of the return in your pocket.
Pays a useful 3.98% income yield.

Has lagged most peers over 10 years (90th of 108).

Full AAA analysis →

BILL iShares Core Cash ETF

Low-cost: a 0.07% management fee keeps more of the return in your pocket.
Pays a useful 3.96% income yield.

Has lagged most peers over 3 years (186th of 226).

Full BILL analysis →

Frequently Asked Questions

What's the difference between AAA vs BILL?

AAA and BILL are 2 Australian-listed ETFs we compare side by side. BILL carries the lower management fee (0.07%). Over 5 years, AAA has delivered the higher total return (3.3% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - AAA vs BILL?

BILL has the lower management fee at 0.07% a year, versus AAA 0.18%.

Which has performed higher - AAA vs BILL?

Over the past 5 years, AAA has delivered the higher total return at 3.3% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

AAA pays the higher at 3.98%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

AAA is the larger fund by assets ($5bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

AAA vs ISEC AAA vs MMKT AAA vs MONY AAA vs FSCF BILL vs ISEC BILL vs MMKT BILL vs MONY BILL vs FSCF

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General information only, generated from each fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.