MQAE vs XX20 - Compare ETFs side by side

At a glance

Comparing MQAE and XX20. MQAE has the lower management fee at 0.03% a year, MQAE has the higher 1 year return at 0.9% a year, and MQAE offers the higher at 2.59%.

Lower fee

MQAE 0.03% p.a.

Higher 1 year return

MQAE 0.9% p.a.

Higher yield

MQAE 2.59%

Larger fund

MQAE $1.3bn

Side-by-side comparison

Metric	MQAE Macquarie Core Australian Equity Active ETF	XX20 First Sentier ex-20 Australian Share Fund Active ETF
Snapshot
Provider	—	—
Tracks index	S&P/ASX 200 Index	—
Categories	AU, Large-Cap	AU, Active
Listed since	2023 (3 yrs)	—
Fund size (AUM)	$1.3bn	$225m
Cost & income
Management fee	0.03%	0.75%
Dividend yield	2.59%	1.44%
Franking	78%	55%
Turnover	55%	38%
Tax drag	1.56%	1.14%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	0.9% net	-27.9% net
3-year return	—	1.2% net
5-year return	—	-3.8% net
10-year return	—	—
Risk
Volatility (3y)	—	20.1%
Volatility (5y)	—	21.8%
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 →

XX20 First Sentier ex-20 Australian Share Fund Active ETF

Has lagged most peers over 5 years (187th of 189).

Full XX20 analysis →

Frequently Asked Questions

What's the difference between MQAE vs XX20?

MQAE and XX20 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 (0.9% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - MQAE vs XX20?

MQAE has the lower management fee at 0.03% a year, versus XX20 0.75%.

Which has performed higher - MQAE vs XX20?

Over the past 1 year, MQAE has delivered the higher total return at 0.9% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

MQAE pays the higher at 2.59%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

MQAE is the larger fund by assets ($1.3bn). 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.