HBRD vs DIFF: Which ETF Is Better?
A side-by-side comparison of fees, size, returns and holdings, using data to 30 September 2026.
It is a dead heat: 3 measures each. Which matters most depends on you.
The short answer
Worth about $2,614 on $100,000 over 20 years.
Bigger funds usually trade more cheaply and are less likely to close.
HBRD vs DIFF side by side
| HBRD leads on 3, DIFF on 3 | HBRDBetashares Australian Credit Income Active ETF | DIFFPerpetual Diversified Income Active ETF |
|---|---|---|
| The basics | ||
| Index tracked | See the PDS | Benchmark: Bloomberg AusBond Bank Bill Index |
| Fund manager | Betashares | Perpetual |
| Asset class | Australian bonds | Australian bonds |
| Listed | Nov 2017 | Aug 2025 |
| Cost and size | ||
| MERyearly fee, lower is better | 0.55%✓ | 0.59% |
| AUMfund size | $2.5bn✓ | $335m |
| Net flows (Sep)new money in, last month | $0.3m | $9.1m✓ |
| Bid/ask spreadtrading cost, lower is better | 0.10% | 0.10% |
| Total returns | ||
| 1 month | +0.4%✓ | +0.3% |
| 1 year | +4.4% | +5.2%✓ |
| 3 years p.a. | +5.1% | – |
| 5 years p.a. | +4.0% | – |
| $10,000 invested | ||
| 1 year ago | $10,443 | $10,517✓ |
| 5 years ago | $12,165 | – |
✓ marks the better figure on each measure. Returns include distributions, to 30 September 2026.
HBRD vs DIFF price chart
Both ETFs on one chart as % change. Use the 1D to All buttons to change the period. Price only, so it leaves out distributions · TradingView
What $10,000 invested is worth now
Only HBRD has a 5 years record: $10,000 then is worth $12,165 today.
Total returns to 30 September 2026, with distributions reinvested, before tax and brokerage. The price chart above leaves out distributions, so it can look worse. Past performance is not a reliable indicator of future performance.
What the fees cost you
HBRD's lower fee leaves about $2,614 more in your pocket over 20 years.
Total fees paid on a $100,000 investment, assuming a 7% a year return before fees. Illustration only: it ignores tax, brokerage and differences in returns.
HBRD and DIFF overlap
1 companies appear in both funds. Overlap is the share of the portfolio that is the same in both, counting the smaller weight of each shared company.
| Biggest shared holdings | % of HBRD | % of DIFF |
|---|---|---|
| 100.00% | 100.00% |
Add more ETFs and see the overlap in Compare ETFs →
Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.
Get the full HBRD vs DIFF report
- Every holding of each ETF: the top 50 companies, with sectors and countries
- Exactly which companies they share, and how much of each
- Fees in dollars over 10, 20 and 30 years
- Every metric side by side, including the index each tracks
- ★ FREE BONUSIs now a good time to invest? The Market Health-O-Meter
FAQs
Which is better, HBRD or DIFF?
It depends on what you need. On our numbers HBRD wins on 3 measures and DIFF on 3. HBRD is cheaper, with a management fee of 0.55% vs 0.59%. On $100,000 over 20 years that difference is worth about $2,614. HBRD is the larger fund at $2.5bn vs $335m. DIFF has the better 1-year return: +5.2% vs +4.4%.
Which is cheaper, HBRD or DIFF?
HBRD charges 0.55% a year and DIFF charges 0.59% a year.
Can I hold both HBRD and DIFF?
You can, but check how much they overlap. HBRD is a Australian bonds fund and DIFF is a Australian bonds fund.
More comparisons
General information only, not a recommendation. Past performance is not a reliable indicator of future performance.