QMAX vs UMAX - Compare ETFs side by side

At a glance

Comparing QMAX and UMAX. QMAX has the lower management fee at 0.68% a year and UMAX offers the higher at 5.58%.

Lower fee

QMAX 0.68% p.a.

Higher yield

UMAX 5.58%

Larger fund

UMAX $327m

Side-by-side comparison

Metric	QMAX BetaShares Nasdaq 100 Yield Maximiser Complex ETF	UMAX BetaShares S&P 500 Yield Maximiser Complex ETF
Snapshot
Provider	BetaShares	BetaShares
Tracks index	—	S&P 500 Index
Categories	Intl, Dividend, Tech, US, Active	Intl, Dividend, US, Active
Listed since	—	—
Fund size (AUM)	$33m	$327m
Cost & income
Management fee	0.68%	0.79%
Dividend yield	—	5.58%
Franking	0%	0%
Turnover	—	—
Tax drag	—	1.79%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	—	8.7% net
3-year return	—	14.2% net
5-year return	—	11.4% net
10-year return	—	11.1% net
Risk
Volatility (3y)	—	9.4%
Volatility (5y)	—	10.4%
Volatility (10y)	—	10.6%
Sharpe ratio (3y)	—	1.03
Sharpe ratio (5y)	—	0.78
Sharpe ratio (10y)	—	0.84
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

QMAX BetaShares Nasdaq 100 Yield Maximiser Complex ETF

Pricier than similar ETFs, which average around 0.55%.

Full QMAX analysis →

UMAX BetaShares S&P 500 Yield Maximiser Complex ETF

Top-24% returns over 5 years (46th of 189 ETFs we track).
High 5.58% income yield — good for investors who want regular cash flow.

A 0.79% management fee is high and compounds against you over time.

Full UMAX analysis →

Frequently Asked Questions

What's the difference between QMAX vs UMAX?

QMAX and UMAX are 2 Australian-listed ETFs we compare side by side. QMAX carries the lower management fee (0.68%). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - QMAX vs UMAX?

QMAX has the lower management fee at 0.68% a year, versus UMAX 0.79%.

Which pays the higher dividend yield?

UMAX pays the higher at 5.58%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

UMAX is the larger fund by assets ($327m). 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.