MQAE vs IOZ - Compare ETFs side by side

At a glance

Comparing MQAE and IOZ. MQAE has the lower management fee at 0.03% a year, IOZ has the higher 1 year return at 2.6% a year, and IOZ offers the higher at 3.4%.

Lower fee

MQAE 0.03% p.a.

Higher 1 year return

IOZ 2.6% p.a.

Higher yield

IOZ 3.4%

Larger fund

IOZ $9.6bn

Side-by-side comparison

Metric	MQAE Macquarie Core Australian Equity Active ETF	IOZ iShares Core S&P/ASX 200 ETF
Snapshot
Provider	—	iShares
Tracks index	S&P/ASX 200 Index	S&P/ASX 200 Index
Categories	AU, Large-Cap	AU, Large-Cap, Market-Cap
Listed since	2023 (3 yrs)	2010 (16 yrs)
Fund size (AUM)	$1.3bn	$9.6bn
Cost & income
Management fee	0.03%	0.05%
Dividend yield	2.59%	3.4%
Franking	78%	80%
Turnover	55%	3%
Tax drag	1.56%	0.37%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	0.9% net	2.6% net
3-year return	—	11.3% net
5-year return	—	7.6% net
10-year return	—	8.9% net
Risk
Volatility (3y)	—	10.7%
Volatility (5y)	—	12.4%
Volatility (10y)	—	13.4%
Sharpe ratio (3y)	—	0.68
Sharpe ratio (5y)	—	0.38
Sharpe ratio (10y)	—	0.54
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 →

IOZ iShares Core S&P/ASX 200 ETF

Low-cost: a 0.05% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: MQAE and A200.

Full IOZ analysis →

Frequently Asked Questions

What's the difference between MQAE vs IOZ?

MQAE and IOZ are 2 Australian-listed ETFs we compare side by side. MQAE carries the lower management fee (0.03%). Over 1 year, IOZ has delivered the higher total return (2.6% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - MQAE vs IOZ?

MQAE has the lower management fee at 0.03% a year, versus IOZ 0.05%.

Which has performed higher - MQAE vs IOZ?

Over the past 1 year, IOZ has delivered the higher total return at 2.6% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

IOZ pays the higher at 3.4%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

IOZ is the larger fund by assets ($9.6bn). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

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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.