When it comes to choosing a super fund in Australia, two major players often stand out: Australian Super and Aware Super. These two funds are among the largest profit-for-member funds in the country, managing the retirement savings of millions of Australians. Australian Super holds the title of the largest fund in the nation, while Aware Super is a significant player in the industry, with a focus on environmental, social, and governance (ESG) investment principles.
While both funds have strong performance records, they differ in terms of fees, investment options, and recent returns. By comparing them side by side, individuals can gain insights into which fund may better suit their financial goals and circumstances.
Aware Super, managing over $190 billion in retirement savings for more than 1.1 million Australians, boasts a track record of delivering solid long-term returns. The fund won the 2025 Mozo Experts Choice Award for Exceptional Super Fund for Gen X. Offering investment flexibility with a variety of options, including diversified and single asset class options, Aware Super provides the MySuper Lifecycle strategy, adjusting investment mixes based on age over time.
When examining the net investment performance of Aware Super and Australian Super, it becomes evident that the two funds have similar approaches to asset allocation, with Aware Super holding a slight advantage in recent returns. Aware Super outperformed Australian Super over one, three, and five-year timeframes, culminating in a remarkable 1.27% outperformance for the 12 months leading to June 2025.
On the other hand, Australian Super stands out for its lower fees compared to Aware Super across various categories. While fees are a crucial factor to consider, net returns play a significant role in evaluating overall performance. Even with higher fees, Aware Super has managed to deliver superior recent investment returns, showcasing that fees are only one aspect of the bigger picture.
Ultimately, the choice between Australian Super and Aware Super boils down to individual priorities and retirement objectives. Australian Super excels in cost-effectiveness and offers the Member Direct platform for those interested in selecting their own shares. In contrast, Aware Super’s recent investment returns have offset its higher fees, and its default Lifecycle strategy might be appealing for individuals preferring an automated, age-based investment approach.
When making significant financial decisions like choosing a super fund, factors such as insurance coverage and customer service should also be taken into account. Seeking advice from a qualified financial advisor can provide valuable insights for those still undecided on which fund aligns best with their financial goals.
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