MQAE vs FHCO - Compare ETFs side by side

At a glance

Comparing MQAE and FHCO. MQAE has the lower management fee at 0.03% a year, MQAE has the higher 1 year return at 5.5% a year, and FHCO offers the higher at 15.62%.

Lower fee

MQAE 0.03% p.a.

Higher 1 year return

MQAE 5.5% p.a.

Higher yield

FHCO 15.62%

Larger fund

MQAE $1.2bn

Side-by-side comparison

Metric	MQAE Macquarie Core Australian Equity Active ETF	FHCO Fidelity Australian High Conviction Active ETF
Snapshot
Provider	—	Fidelity
Tracks index	S&P/ASX 200 Index	—
Categories	AU, Large-Cap	AU, Active
Listed since	2023 (3 yrs)	—
Fund size (AUM)	$1.2bn	$2m
Cost & income
Management fee	0.03%	0.85%
Dividend yield	2.55%	15.62%
Franking	78%	70%
Turnover	55%	25%
Tax drag	1.56%	2.41%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	5.5% net	-4.1% 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 →

FHCO Fidelity Australian High Conviction Active ETF

High 15.62% income yield — good for investors who want regular cash flow.

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

Full FHCO analysis →

Frequently Asked Questions

What's the difference between MQAE vs FHCO?

MQAE and FHCO are 2 Australian-listed ETFs we compare side by side. MQAE carries the lower management fee (0.03%). Over 1 year, MQAE has delivered the higher total return (5.5% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - MQAE vs FHCO?

MQAE has the lower management fee at 0.03% a year, versus FHCO 0.85%.

Which has performed higher - MQAE vs FHCO?

Over the past 1 year, MQAE has delivered the higher total return at 5.5% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

FHCO pays the higher at 15.62%. 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.