MQAE vs DACE - Compare ETFs side by side

At a glance

Comparing MQAE and DACE. MQAE has the lower management fee at 0.03% a year and MQAE offers the higher at 2.55%.

Lower fee

MQAE 0.03% p.a.

Higher yield

MQAE 2.55%

Larger fund

MQAE $1.2bn

Side-by-side comparison

Metric	MQAE Macquarie Core Australian Equity Active ETF	DACE Dimensional Australian Core Equity Trust - Active ETF
Snapshot
Provider	—	—
Tracks index	S&P/ASX 200 Index	S&P/ASX 300 Index
Categories	AU, Large-Cap	AU, Factor, Value, Small-Cap
Listed since	2023 (3 yrs)	2006 (20 yrs)
Fund size (AUM)	$1.2bn	—
Cost & income
Management fee	0.03%	0.28%
Dividend yield	2.55%	—
Franking	78%	80%
Turnover	55%	20%
Tax drag	1.56%	0.48%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	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

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 →

DACE Dimensional Australian Core Equity Trust - Active ETF

Low-cost: a 0.28% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: MQAE, A200, and IOZ.

Full DACE analysis →

Frequently Asked Questions

What's the difference between MQAE vs DACE?

MQAE and DACE are 2 Australian-listed ETFs we compare side by side. MQAE carries the lower management fee (0.03%). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - MQAE vs DACE?

MQAE has the lower management fee at 0.03% a year, versus DACE 0.28%.

Which pays the higher dividend yield?

MQAE pays the higher at 2.55%. 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.

Related comparisons

MQAE vs IOZ MQAE vs STW MQAE vs VAS MQAE vs A200 MQAE vs FHCO MQAE vs AASF DACE vs DAVA DACE vs IOZ

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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.