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Compare MKAX vs. UMAX

Compare shares and ETFs on the ASX that you can trade on Pearler.

Montaka Global Extension Fund (Quoted Managed Hedge Fund)

ASX

Buy

Buy

Overview
Performance

Overview

When it comes to investing in the Australian stock market, shares and ETFs are a popular choice. Two options in the ASX are MKAX and UMAX. In this comparison, we'll delve into these options across various dimensions to help you make an informed investment decision.

Community Stats

MKAX

UMAX

Popularity

Low

Low

Pearlers invested

1

42

Median incremental investment

$4,990.50

$993.50

Median investment frequency

Fortnightly

Monthly

Median total investment

$4,558.40

$2,560.25

Average age group

26 - 35

> 35


Key Summary

MKAX

UMAX

Strategy

MKAX.AX was created on 2020-06-24 by Montaka. The fund's investment portfolio concentrates primarily on long/short alternatives. The Fund aims to provide Unitholders with long term capital growth, with a focus on managing downside risk.

UMAX.AX was created on 2014-09-17 by BetaShares. The fund's investment portfolio concentrates primarily on large cap equity. UMAX.AX aims to generate attractive quarterly income and reduce the volatility of portfolio returns by implementing an equity income investment strategy over a portfolio of stocks comprising the S&P 500 Index. UMAX.AX does not aim to track an index.

Top 3 holdings

Montaka Global Extension Fund (Quoted Managed Hedge Fund) (100 %)

SPX US 07/19/24 C5585 (0 %)

ISHARES CORE S&P 500 ETF (98.50 %)

AUD - AUSTRALIA DOLLAR (1.33 %)

Top 3 industries

Other (99.94 %)

Communication Services (0.06 %)

Top 3 countries

United States (99.40 %)

Switzerland (0.28 %)

Netherlands (0.13 %)

Management fee

1.25 %

0.79 %


Key Summary

MKAX

UMAX

Issuer

Montaka

BetaShares

Tracking index

Asset class

ETF

ETF

Management fee

1.25 %

0.79 %

Price

$4.66

$27.16

Size

N/A

$237.922 million

10Y return

N/A

68.59 %

Annual dividend/ distribution yield (5Y)

4.08 %

6.16 %

Market

ASX

ASX

First listed date

23/06/2020

19/09/2014

Purchase fee

$6.50

$6.50


Community Stats

MKAX

UMAX

Popularity

Low

Low

Pearlers invested

1

42

Median incremental investment

$4,990.50

$993.50

Median investment frequency

Fortnightly

Monthly

Median total investment

$4,558.40

$2,560.25

Average age group

26 - 35

> 35


Pros and Cons

MKAX

UMAX

Pros

  • Higher exposure to US market

  • Lower management fee

  • Higher price growth

  • Higher distribution yield

Cons

  • Lower exposure to US market

  • Higher management fee

  • Lower price growth

  • Lower distribution yield

MKAX

UMAX

Lower exposure to US market

Higher exposure to US market

Higher management fee

Lower management fee

Lower price growth

Higher price growth

Lower distribution yield

Higher distribution yield

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