EX20 vs FSML - Compare ETFs side by side

At a glance

Comparing EX20 and FSML. EX20 has the lower management fee at 0.25% a year, FSML has the higher 5 years return at 7.6% a year, and FSML offers the higher at 6.1%.

Lower fee

EX20 0.25% p.a.

Higher 5 years return

FSML 7.6% p.a.

Higher yield

FSML 6.1%

Higher risk-adjusted

FSML Sharpe 0.33 (5y)

Lower volatility

EX20 13.9% (5y)

Larger fund

FSML $765m

Side-by-side comparison

Metric	EX20 BetaShares Australian Ex-20 Portfolio Diversifier ETF	FSML Firetrail Australian Small Companies Fund - Active ETF
Snapshot
Provider	BetaShares	—
Tracks index	Nasdaq Australia Completion Cap Index	S&P/ASX Small Ordinaries Index
Categories	AU, Small-Cap	AU, Small-Cap
Listed since	—	2020 (6 yrs)
Fund size (AUM)	$645m	$765m
Cost & income
Management fee	0.25%	0.85%
Dividend yield	2.87%	6.1%
Franking	55%	60%
Turnover	25%	90%
Tax drag	1.06%	3.05%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	-2.6% net	10.8% net
3-year return	6.2% net	19.1% net
5-year return	5% net	7.6% net
10-year return	—	—
Risk
Volatility (3y)	12.4%	15.4%
Volatility (5y)	13.9%	16.9%
Volatility (10y)	—	—
Sharpe ratio (3y)	0.22	0.95
Sharpe ratio (5y)	0.19	0.33
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

EX20 BetaShares Australian Ex-20 Portfolio Diversifier ETF

Low-cost: a 0.25% management fee keeps more of the return in your pocket.

Has lagged most peers over 1 year (273rd of 308).

Full EX20 analysis →

FSML Firetrail Australian Small Companies Fund - Active ETF

Top-13% returns over 3 years (29th of 226 ETFs we track).
High 6.1% income yield — good for investors who want regular cash flow.

A 0.85% management fee is high and compounds against you over time.

Full FSML analysis →

Frequently Asked Questions

What's the difference between EX20 vs FSML?

EX20 and FSML are 2 Australian-listed ETFs we compare side by side. EX20 carries the lower management fee (0.25%). Over 5 years, FSML has delivered the higher total return (7.6% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - EX20 vs FSML?

EX20 has the lower management fee at 0.25% a year, versus FSML 0.85%.

Which has performed higher - EX20 vs FSML?

Over the past 5 years, FSML has delivered the higher total return at 7.6% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

FSML pays the higher at 6.1%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

FSML is the larger fund by assets ($765m). Larger funds are typically more liquid and trade on tighter spreads.

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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.