AAA vs ISEC - Compare ETFs side by side

At a glance

Comparing AAA and ISEC. ISEC has the lower management fee at 0.12% a year, ISEC has the higher 5 years return at 3.5% a year, and ISEC offers the higher at 4.24%.

Lower fee

ISEC 0.12% p.a.

Higher 5 years return

ISEC 3.5% p.a.

Higher yield

ISEC 4.24%

Higher risk-adjusted

ISEC Sharpe 0.86 (5y)

Lower volatility

AAA 0.4% (5y)

Larger fund

AAA $5.1bn

Side-by-side comparison

Metric	AAA BetaShares Australian High Interest Cash ETF	ISEC iShares Enhanced Cash ETF
Snapshot
Provider	BetaShares	iShares
Tracks index	—	—
Categories	AU, Bonds	AU, Bonds
Listed since	—	—
Fund size (AUM)	$5.1bn	$745m
Cost & income
Management fee	0.18%	0.12%
Dividend yield	4.08%	4.24%
Franking	0%	0%
Turnover	2%	0%
Tax drag	1.35%	1.36%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	4.2% net	4.3% net
3-year return	4.3% net	4.5% net
5-year return	3.5% net	3.5% net
10-year return	2.5% net	—
Risk
Volatility (3y)	0.1%	0.1%
Volatility (5y)	0.4%	0.5%
Volatility (10y)	0.4%	—
Sharpe ratio (3y)	2.26	2.99
Sharpe ratio (5y)	0.66	0.86
Sharpe ratio (10y)	2.42	—
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 4.08% income yield.

Has lagged most peers over 10 years (91st of 110).

Full AAA analysis →

ISEC iShares Enhanced Cash ETF

Low-cost: a 0.12% management fee keeps more of the return in your pocket.
Pays a useful 4.24% income yield.

Has lagged most peers over 3 years (193rd of 236).

Full ISEC analysis →

Frequently Asked Questions

What's the difference between AAA vs ISEC?

AAA and ISEC are 2 Australian-listed ETFs we compare side by side. ISEC carries the lower management fee (0.12%). Over 5 years, ISEC has delivered the higher total return (3.5% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - AAA vs ISEC?

ISEC has the lower management fee at 0.12% a year, versus AAA 0.18%.

Which has performed higher - AAA vs ISEC?

Over the past 5 years, ISEC has delivered the higher total return at 3.5% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

ISEC pays the higher at 4.24%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

AAA is the larger fund by assets ($5.1bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

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