BILL vs AAA - Compare ETFs side by side

At a glance

Comparing BILL and AAA. BILL has the lower management fee at 0.07% a year, AAA has the higher 5 years return at 3.5% a year, and BILL offers the higher at 4.08%.

Lower fee

BILL 0.07% p.a.

Higher 5 years return

AAA 3.5% p.a.

Higher yield

BILL 4.08%

Higher risk-adjusted

AAA Sharpe 2.26 (3y)

Lower volatility

AAA 0.4% (5y)

Larger fund

AAA $5.1bn

Side-by-side comparison

Metric	BILL iShares Core Cash ETF	AAA BetaShares Australian High Interest Cash ETF
Snapshot
Provider	iShares	BetaShares
Tracks index	—	—
Categories	AU, Bonds	AU, Bonds
Listed since	—	—
Fund size (AUM)	$1.3bn	$5.1bn
Cost & income
Management fee	0.07%	0.18%
Dividend yield	4.08%	4.08%
Franking	0%	0%
Turnover	0%	2%
Tax drag	1.31%	1.35%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	4.2% net	4.2% net
3-year return	4.3% net	4.3% net
5-year return	3.4% net	3.5% net
10-year return	—	2.5% net
Risk
Volatility (3y)	0.1%	0.1%
Volatility (5y)	0.5%	0.4%
Volatility (10y)	—	0.4%
Sharpe ratio (3y)	1.79	2.26
Sharpe ratio (5y)	—	0.66
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

BILL iShares Core Cash ETF

Low-cost: a 0.07% management fee keeps more of the return in your pocket.
Pays a useful 4.08% income yield.

Has lagged most peers over 3 years (198th of 236).

Full BILL analysis →

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 →

Frequently Asked Questions

What's the difference between BILL vs AAA?

BILL and AAA 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 (3.5% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - BILL vs AAA?

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

Which has performed higher - BILL vs AAA?

Over the past 5 years, AAA 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?

BILL pays the higher at 4.08%. 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

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