AAA vs BILL vs FSCF vs ISEC - Compare ETFs side by side

At a glance

Comparing AAA, BILL, FSCF, and ISEC. BILL has the lowest management fee at 0.07% a year, ISEC has the highest 5 years return at 3.4% a year, and ISEC offers the highest at 4.11%.

Lowest fee

BILL 0.07% p.a.

Highest 5 years return

ISEC 3.4% p.a.

Highest yield

ISEC 4.11%

Highest risk-adjusted

ISEC Sharpe 0.88 (5y)

Lowest volatility

AAA 0.5% (5y)

Largest fund

AAA $5bn

Side-by-side comparison

Metric	AAA BetaShares Australian High Interest Cash ETF	BILL iShares Core Cash ETF	FSCF First Sentier Active Cash Fund Active ETF	ISEC iShares Enhanced Cash ETF
Snapshot
Provider	BetaShares	iShares	—	iShares
Tracks index	—	—	—	—
Categories	AU, Bonds	AU, Bonds	AU, Bonds, Active	AU, Bonds
Listed since	—	—	—	—
Fund size (AUM)	$5bn	$1.2bn	$6m	$729m
Cost & income
Management fee	0.18%	0.07%	0.2%	0.12%
Dividend yield	3.98%	3.96%	—	4.11%
Franking	0%	0%	0%	0%
Turnover	2%	0%	0%	0%
Tax drag	1.32%	1.27%	0%	1.32%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	4.1% net	4% net	—	4.2% net
3-year return	4.3% net	4.3% net	—	4.4% net
5-year return	3.3% net	3.3% net	—	3.4% net
10-year return	2.4% net	—	—	—
Risk
Volatility (3y)	0.1%	0.1%	—	0.1%
Volatility (5y)	0.5%	0.5%	—	0.5%
Volatility (10y)	0.4%	—	—	—
Sharpe ratio (3y)	2.38	1.98	—	2.77
Sharpe ratio (5y)	0.8	—	—	0.88
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 →

FSCF First Sentier Active Cash Fund Active ETF

Low-cost: a 0.2% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: BILL, ISEC, and AAA.

Full FSCF analysis →

ISEC iShares Enhanced Cash ETF

Low-cost: a 0.12% management fee keeps more of the return in your pocket.
Pays a useful 4.11% income yield.

Has lagged most peers over 3 years (183rd of 226).

Full ISEC analysis →

Frequently Asked Questions

What's the difference between AAA vs BILL vs FSCF vs ISEC?

AAA, BILL, FSCF, and ISEC are 4 Australian-listed ETFs we compare side by side. BILL carries the lowest management fee (0.07%). Over 5 years, ISEC has delivered the highest total return (3.4% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - AAA vs BILL vs FSCF vs ISEC?

BILL has the lowest management fee at 0.07% a year, versus AAA 0.18%, FSCF 0.2%, and ISEC 0.12%.

Which has performed highest - AAA vs BILL vs FSCF vs ISEC?

Over the past 5 years, ISEC has delivered the highest total return at 3.4% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

ISEC pays the highest at 4.11%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

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

Related comparisons

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

← Back to all ETFs

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.