FSUB vs SUBD vs MQSD vs BSUB - Compare ETFs side by side

At a glance

Comparing FSUB, SUBD, MQSD, and BSUB. FSUB has the lowest management fee at 0.29% a year, MQSD has the highest 1 year return at 6.2% a year, and SUBD offers the highest at 5.35%.

Lowest fee

FSUB 0.29% p.a.

Highest 1 year return

MQSD 6.2% p.a.

Highest yield

SUBD 5.35%

Largest fund

SUBD $3.7bn

Side-by-side comparison

Metric	FSUB VanEck Australian Fixed Rate Subordinated Debt ETF	SUBD VanEck Australian Subordinated Debt ETF	MQSD Macquarie Subordinated Debt Active ETF	BSUB BetaShares Australian Major Bank Subordinated Debt ETF
Snapshot
Provider	VanEck	VanEck	—	BetaShares
Tracks index	—	—	—	Solactive Australian Major Bank Subordinated Debt Select Index
Categories	Bonds, AU	Bonds, AU	Bonds, AU, Active	AU
Listed since	—	—	—	2022 (4 yrs)
Fund size (AUM)	$76m	$3.7bn	$958m	$772m
Cost & income
Management fee	0.29%	0.29%	0.29%	0.29%
Dividend yield	—	5.35%	5.33%	4.69%
Franking	0%	0%	0%	0%
Turnover	0%	20%	30%	15%
Tax drag	0%	2.19%	2.43%	1.86%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	—	5.7% net	6.2% net	5.6% net
3-year return	—	6.2% net	—	—
5-year return	—	4.6% net	—	—
10-year return	—	—	—	—
Risk
Volatility (3y)	—	0.8%	—	—
Volatility (5y)	—	1.3%	—	—
Volatility (10y)	—	—	—	—
Sharpe ratio (3y)	—	2.44	—	—
Sharpe ratio (5y)	—	1.25	—	—
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

FSUB VanEck Australian Fixed Rate Subordinated Debt ETF

Low-cost: a 0.29% management fee keeps more of the return in your pocket.

Full FSUB analysis →

SUBD VanEck Australian Subordinated Debt ETF

Low-cost: a 0.29% management fee keeps more of the return in your pocket.
Pays a useful 5.35% income yield.

Full SUBD analysis →

MQSD Macquarie Subordinated Debt Active ETF

Low-cost: a 0.29% management fee keeps more of the return in your pocket.
Pays a useful 5.33% income yield.

Full MQSD analysis →

BSUB BetaShares Australian Major Bank Subordinated Debt ETF

Low-cost: a 0.29% management fee keeps more of the return in your pocket.
Pays a useful 4.69% income yield.

Cheaper alternatives exist: OZBD and VACF.

Full BSUB analysis →

Frequently Asked Questions

What's the difference between FSUB vs SUBD vs MQSD vs BSUB?

FSUB, SUBD, MQSD, and BSUB are 4 Australian-listed ETFs we compare side by side. FSUB carries the lowest management fee (0.29%). Over 1 year, MQSD has delivered the highest total return (6.2% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - FSUB vs SUBD vs MQSD vs BSUB?

FSUB has the lowest management fee at 0.29% a year, versus SUBD 0.29%, MQSD 0.29%, and BSUB 0.29%.

Which has performed highest - FSUB vs SUBD vs MQSD vs BSUB?

Over the past 1 year, MQSD has delivered the highest total return at 6.2% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

SUBD pays the highest at 5.35%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

SUBD is the largest fund by assets ($3.7bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

BSUB vs MXT BSUB vs PCI BSUB vs VACF BSUB vs OZBD BSUB vs BHYB

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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.