BNDS vs IAF vs OZBD vs XARO - Compare ETFs side by side

At a glance

Comparing BNDS, IAF, OZBD, and XARO. IAF has the lowest management fee at 0.1% a year, BNDS has the highest 5 years return at 0.1% a year, and BNDS offers the highest at 4.32%.

Lowest fee

IAF 0.1% p.a.

Highest 5 years return

BNDS 0.1% p.a.

Highest yield

BNDS 4.32%

Lowest volatility

IAF 5.4% (5y)

Largest fund

IAF $3.8bn

Side-by-side comparison

Metric	BNDS BetaShares Western Asset Australian Bond Active ETF	IAF iShares Core Composite Bond ETF	OZBD BetaShares Australian Composite Bond ETF	XARO Ardea Real Outcome Bond Complex ETF
Snapshot
Provider	BetaShares	iShares	BetaShares	—
Tracks index	Bloomberg AusBond Composite 0+ Yr Index	Bloomberg AusBond Composite 0+ Yr Index	Solactive Australian Composite Bond Select Index	Bloomberg AusBond Bank Bill Index
Categories	AU, Bonds	AU, Bonds	AU, Bonds	AU, Bonds
Listed since	2020 (6 yrs)	2012 (14 yrs)	2022 (4 yrs)	2018 (8 yrs)
Fund size (AUM)	$844m	$3.8bn	$1.4bn	—
Cost & income
Management fee	0.42%	0.1%	0.19%	0.5%
Dividend yield	4.32%	3.15%	4.23%	—
Franking	0%	0%	0%	0%
Turnover	150%	35%	25%	250%
Tax drag	4.98%	1.85%	1.95%	6%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	1.1% net	1% net	1.1% net	—
3-year return	4% net	3.6% net	4.3% net	—
5-year return	0.1% net	-0.2% net	—	—
10-year return	—	1.5% net	—	—
Risk
Volatility (3y)	4.3%	4%	4.8%	—
Volatility (5y)	5.7%	5.4%	—	—
Volatility (10y)	—	4.5%	—	—
Sharpe ratio (3y)	—	—	0.14	—
Sharpe ratio (5y)	—	—	—	—
Sharpe ratio (10y)	—	—	—	—
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

BNDS BetaShares Western Asset Australian Bond Active ETF

Pays a useful 4.32% income yield.
Low volatility (5.7% over 5 years) for a smoother ride.

Has lagged most peers over 5 years (162nd of 188).

Full BNDS analysis →

IAF iShares Core Composite Bond ETF

Low-cost: a 0.1% management fee keeps more of the return in your pocket.
Low volatility (4.45% over 10 years) for a smoother ride.

Has lagged most peers over 10 years (97th of 108).

Full IAF analysis →

OZBD BetaShares Australian Composite Bond ETF

Low-cost: a 0.19% management fee keeps more of the return in your pocket.
Pays a useful 4.23% income yield.

Has lagged most peers over 3 years (185th of 226).

Full OZBD analysis →

XARO Ardea Real Outcome Bond Complex ETF

Pricier than similar ETFs, which average around 0.3%.

Full XARO analysis →

Frequently Asked Questions

What's the difference between BNDS vs IAF vs OZBD vs XARO?

BNDS, IAF, OZBD, and XARO are 4 Australian-listed ETFs we compare side by side. IAF carries the lowest management fee (0.1%). Over 5 years, BNDS has delivered the highest total return (0.1% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - BNDS vs IAF vs OZBD vs XARO?

IAF has the lowest management fee at 0.1% a year, versus BNDS 0.42%, OZBD 0.19%, and XARO 0.5%.

Which has performed highest - BNDS vs IAF vs OZBD vs XARO?

Over the past 5 years, BNDS has delivered the highest total return at 0.1% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

BNDS pays the highest at 4.32%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

IAF is the largest fund by assets ($3.8bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

BNDS vs VAF IAF vs VAF IAF vs VGB IAF vs VCF IAF vs VIF IAF vs ILB OZBD vs VAF OZBD vs VGB

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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.