PCI vs MXT vs BSUB vs VACF - Compare ETFs side by side

At a glance

Comparing PCI, MXT, BSUB, and VACF. VACF has the lowest management fee at 0.2% a year, BSUB has the highest 1 year return at 5.6% a year, and BSUB offers the highest at 4.69%.

Lowest fee

VACF 0.2% p.a.

Highest 1 year return

BSUB 5.6% p.a.

Highest yield

BSUB 4.69%

Largest fund

BSUB $772m

Side-by-side comparison

Metric	PCI Perpetual Credit Income Trust	MXT Metrics Master Income Trust	BSUB BetaShares Australian Major Bank Subordinated Debt ETF	VACF Vanguard Australian Corporate Fixed Interest Index ETF
Snapshot
Provider	—	—	BetaShares	Vanguard
Tracks index	RBA Cash Rate + 3.25%	RBA Cash Rate + 3.25%	Solactive Australian Major Bank Subordinated Debt Select Index	Bloomberg AusBond Credit 0+ Yr Index
Categories	AU	AU, Active	AU	AU, Bonds
Listed since	2019 (7 yrs)	2017 (9 yrs)	2022 (4 yrs)	2017 (9 yrs)
Fund size (AUM)	—	—	$772m	$719m
Cost & income
Management fee	0.88%	0.7%	0.29%	0.2%
Dividend yield	—	—	4.69%	3.91%
Franking	0%	0%	0%	0%
Turnover	45%	15%	15%	30%
Tax drag	1.08%	0.36%	1.86%	1.97%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	—	—	5.6% net	2.3% net
3-year return	—	—	—	5.1% net
5-year return	—	—	—	1.7% net
10-year return	—	—	—	2.8% net
Risk
Volatility (3y)	—	—	—	2.6%
Volatility (5y)	—	—	—	3.8%
Volatility (10y)	—	—	—	3.1%
Sharpe ratio (3y)	—	—	—	0.36
Sharpe ratio (5y)	—	—	—	—
Sharpe ratio (10y)	—	—	—	0.22
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

PCI Perpetual Credit Income Trust

A 0.88% management fee is high and compounds against you over time.

Full PCI analysis →

MXT Metrics Master Income Trust

Pricier than similar ETFs, which average around 0.49%.

Full MXT 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 →

VACF Vanguard Australian Corporate Fixed Interest Index ETF

Low-cost: a 0.2% management fee keeps more of the return in your pocket.
Pays a useful 3.91% income yield.

Has lagged most peers over 10 years (87th of 108).

Full VACF analysis →

Frequently Asked Questions

What's the difference between PCI vs MXT vs BSUB vs VACF?

PCI, MXT, BSUB, and VACF are 4 Australian-listed ETFs we compare side by side. VACF carries the lowest management fee (0.2%). Over 1 year, BSUB has delivered the highest total return (5.6% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - PCI vs MXT vs BSUB vs VACF?

VACF has the lowest management fee at 0.2% a year, versus PCI 0.88%, MXT 0.7%, and BSUB 0.29%.

Which has performed highest - PCI vs MXT vs BSUB vs VACF?

Over the past 1 year, BSUB has delivered the highest total return at 5.6% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

BSUB pays the highest at 4.69%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

BSUB is the largest fund by assets ($772m). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

PCI vs OZBD MXT vs OZBD BSUB vs OZBD BSUB vs SUBD BSUB vs BHYB BSUB vs FSUB VACF vs VCF VACF vs OZBD

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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.