FIRE vs MQAE - Compare ETFs side by side

At a glance

Comparing FIRE and MQAE. MQAE has the lower management fee at 0.03% a year, FIRE has the higher 1 year return at 15.3% a year, and FIRE offers the higher at 3.34%.

Lower fee

MQAE 0.03% p.a.

Higher 1 year return

FIRE 15.3% p.a.

Higher yield

FIRE 3.34%

Larger fund

MQAE $1.2bn

Side-by-side comparison

Metric	FIRE Firetrail Alpha Plus Fund - Complex ETF	MQAE Macquarie Core Australian Equity Active ETF
Snapshot
Provider	—	—
Tracks index	—	S&P/ASX 200 Index
Categories	AU, Active	AU, Large-Cap
Listed since	—	2023 (3 yrs)
Fund size (AUM)	$16m	$1.2bn
Cost & income
Management fee	0.9%	0.03%
Dividend yield	3.34%	2.55%
Franking	70%	78%
Turnover	150%	55%
Tax drag	3.99%	1.56%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	15.3% net	5.5% net
3-year return	—	—
5-year return	—	—
10-year return	—	—
Risk
Volatility (3y)	—	—
Volatility (5y)	—	—
Volatility (10y)	—	—
Sharpe ratio (3y)	—	—
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

FIRE Firetrail Alpha Plus Fund - Complex ETF

A 0.9% management fee is high and compounds against you over time.

Full FIRE analysis →

MQAE Macquarie Core Australian Equity Active ETF

Low-cost: a 0.03% management fee keeps more of the return in your pocket.

High portfolio turnover (55% a year) means frequent trading that realises capital gains, adding tax drag — less efficient than a low-turnover index fund.

Full MQAE analysis →

Frequently Asked Questions

What's the difference between FIRE vs MQAE?

FIRE and MQAE are 2 Australian-listed ETFs we compare side by side. MQAE carries the lower management fee (0.03%). Over 1 year, FIRE has delivered the higher total return (15.3% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - FIRE vs MQAE?

MQAE has the lower management fee at 0.03% a year, versus FIRE 0.9%.

Which has performed higher - FIRE vs MQAE?

Over the past 1 year, FIRE has delivered the higher total return at 15.3% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

FIRE pays the higher at 3.34%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

MQAE is the larger fund by assets ($1.2bn). 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.