Quick Verdict
Active Super is cheaper at $50k ($418/yr vs $438/yr). Equip Super leads on 10-year returns (7.80% vs 7.50%).
Fund Overview
Active Super
| Type | Industry |
| Established | 2023 |
| Trustee | LGSS Pty Limited |
| HQ State | NSW |
| Members | 100K |
| Assets (AUM) | $22B |
Equip Super
| Type | Industry |
| Established | 1931 |
| Trustee | Togethr Trustees Pty Ltd |
| HQ State | VIC |
| Members | 100K |
| Assets (AUM) | $35B |
Fee Comparison
| Fee Component | Active Super | Equip Super |
|---|
| Admin Fee (flat) | $78 | $78 |
| Admin Fee (%) | 0.15% | 0.16% |
| Investment Fee | 0.48% | 0.50% |
| Indirect Cost Ratio | 0.05% | 0.06% |
| Buy/Sell Spread | 0.10% | 0.10% |
Total Annual Fee by Balance
| Balance | Active Super | Equip Super |
|---|
| $10,000 | $146 | $150 |
| $25,000 | $248 | $258 |
| $50,000 | $418 | $438 |
| $100,000 | $758 | $798 |
| $250,000 | $1,778 | $1,878 |
| $500,000 | $3,478 | $3,678 |
Performance Comparison
| Period | Active Super | Equip Super |
|---|
| 1-Year | 10.80% | 11.00% |
| 3-Year | 7.50% | 7.80% |
| 5-Year | 7.80% | 8.00% |
| 7-Year | 7.80% | 8.00% |
| 10-Year | 7.50% | 7.80% |
| FY2024 | 8.50% | 8.50% |
| FY2023 | 9.50% | 9.80% |
| FY2022 | -2.80% | -2.80% |
| FY2021 | 18.50% | 19.00% |
| FY2020 | -0.20% | -0.20% |
| FY2019 | 7.80% | 8.00% |
| FY2018 | 9.50% | 9.80% |
| FY2017 | 11.50% | 12.00% |
| FY2016 | 3.50% | 3.80% |
| FY2015 | 9.50% | 10.00% |
Insurance Comparison
Active Super
| Insurer | MetLife Insurance |
| Death Cover | Yes — opt-out |
| TPD Cover | Yes — opt-out |
| IP Cover | Yes — opt-in |
Equip Super
| Insurer | AIA Australia |
| Death Cover | Yes — opt-out |
| TPD Cover | Yes — opt-out |
| IP Cover | Yes — opt-in |
APRA Heatmap Ratings
Active Super
| Fee Rating | Around median |
| Return Rating | Around median |
| Sustainability | Performing |
Equip Super
| Fee Rating | Around median |
| Return Rating | Around median |
| Sustainability | Performing |
Investment Options
Active Super
| Total Options | 8 |
| Ethical/ESG Option | No |
| Indexed Option | No |
| Direct Investing | No |
Equip Super
| Total Options | 9 |
| Ethical/ESG Option | No |
| Indexed Option | No |
| Direct Investing | No |
Member Services
Active Super
| App Ratings | iOS 4.1 / Android 3.9 |
| Advice | Not specified |
| AFCA Complaints | 4.0 per 10k members |
| Call Centre | Not specified |
Equip Super
| App Ratings | iOS 4.3 / Android 4.1 |
| Advice | Not specified |
| AFCA Complaints | 4.5 per 10k members |
| Call Centre | Not specified |
Verdict
On fees, Active Super is the more affordable option. At a $50,000 balance, Active Super costs $418 per year compared to $438 for Equip Super — a difference of $20 annually. Over a 30-year career, that difference compounds meaningfully.
Looking at long-term performance, Equip Super holds the edge with a 10-year return of 7.80% versus 7.50% for Active Super — a gap of 0.30% per annum. While not enormous, that gap adds up over the compounding horizon of a superannuation balance.
On insurance, Active Super uses MetLife Insurance while Equip Super is backed by AIA Australia. On member satisfaction, Active Super has fewer AFCA complaints at 4.0 per 10,000 members compared to 4.5 for the other.
Active Super is best suited for public sector workers, while Equip Super targets miners energy workers, public sector workers. The two funds also serve different industries: Active Super focuses on local government, transport, while Equip Super targets energy, rail. If your employer defaults to one of these funds, that alone may tip the decision.
Important information
The information on SuperFind is general in nature and does not take into account your personal financial situation, needs, or objectives. It is not personal financial advice. Before making any financial decisions about your superannuation, consider whether the information is appropriate for your circumstances and consider seeking advice from a licensed financial adviser. Super fund data including fees and performance returns shown on this site were current as of April 2026 — always verify figures on the fund's website. Past performance is not a reliable indicator of future performance. Data sourced from APRA, ATO, and individual fund disclosures. SuperFind is a
DecisionLab publication.