HBRD vs TACT: Which ETF Is Better?
A side-by-side comparison of fees, size, returns and holdings, using data to 30 September 2026.
HBRD comes out ahead on 6 of 9 measures. Which matters most depends on you.
The short answer
Worth about $6,617 on $100,000 over 20 years.
Bigger funds usually trade more cheaply and are less likely to close.
HBRD vs TACT side by side
| HBRD leads on 6, TACT on 3 | HBRDBetashares Australian Credit Income Active ETF | TACTJanus Henderson Tactical Income Active ETF |
|---|---|---|
| The basics | ||
| Index tracked | See the PDS | Benchmark: Bloomberg AusBond Bank Bill Index |
| Fund manager | Betashares | Janus Henderson |
| Asset class | Australian bonds | Australian bonds |
| Listed | Nov 2017 | Jul 2020 |
| Cost and size | ||
| MERyearly fee, lower is better | 0.55% | 0.45%✓ |
| AUMfund size | $2.5bn✓ | $421m |
| Net flows (Sep)new money in, last month | $0.3m | $9.4m✓ |
| Bid/ask spreadtrading cost, lower is better | 0.10% | 0.13% |
| Total returns | ||
| 1 month | +0.4%✓ | −0.1% |
| 1 year | +4.4%✓ | +3.5% |
| 3 years p.a. | +5.1% | +5.2%✓ |
| 5 years p.a. | +4.0%✓ | +3.3% |
| $10,000 invested | ||
| 1 year ago | $10,443✓ | $10,355 |
| 5 years ago | $12,165✓ | $11,752 |
✓ marks the better figure on each measure. Returns include distributions, to 30 September 2026.
What $10,000 invested is worth now
$10,000 put into HBRD 5 years ago is worth $12,165 today, against $11,752 in TACT. That is $413 more in HBRD.
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
TACT's lower fee leaves about $6,617 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 TACT 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 TACT |
|---|---|---|
| 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 TACT 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 TACT?
It depends on what you need. On our numbers HBRD wins on 6 measures and TACT on 3. TACT is cheaper, with a management fee of 0.45% vs 0.55%. On $100,000 over 20 years that difference is worth about $6,617. HBRD is the larger fund at $2.5bn vs $421m. HBRD has the better 1-year return: +4.4% vs +3.5%.
Which is cheaper, HBRD or TACT?
HBRD charges 0.55% a year and TACT charges 0.45% a year.
Can I hold both HBRD and TACT?
You can, but check how much they overlap. HBRD is a Australian bonds fund and TACT is a Australian bonds fund.
More comparisons
General information only, not a recommendation. Past performance is not a reliable indicator of future performance.