Superhero Super
Retail fund brand
Superhero Super offers managed investments, thematic choices and direct shares and ETFs within super.
Membership
Public membership under the applicable MySuper or Choice documents.
Superhero Super vs UniSuper
Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
UniSuper
Industry fund
UniSuper offers a public Personal Account alongside its university-sector products. The Defined Benefit Division is fundamentally different from an ordinary investment account.
Membership
The Personal Account is available to people living in Australia aged over 15. Employer-linked products and the Defined Benefit Division have their own entry rules.
Compare fees and investment returns
Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.
| Measure | Superhero Super MySuper | MySuper Offering |
|---|---|---|
| Return basis | MySuper net return after administration costs, $50,000 representative member | MySuper net return after administration costs, $50,000 representative member |
| 3-year return, per year | 9.95% | 9.80% |
| 5-year return, per year | 5.96% | 6.89% |
| 7-year return, per year | 6.67% | 7.41% |
| 10-year return, per year | 6.79% | 8.11% |
| APRA strategic growth allocation | 80.50% | 76.73% |
| Reported total fees, net of tax, at $50,000 | $350 a year (0.70%) | $340 a year (0.68%) |
| Administration and advice costs, net of tax (included in total) | $195 a year | $80 a year |
| 2026 performance test | Pass | Pass |
| New-member status at reporting date | Check the current product eligibility rules | Check the current product eligibility rules |
Reading these two options
At $50,000, the reported annual total-cost difference is $10. UniSuper's selected reporting pathway has the lower reported cost on this measure. The figures cover the year to June 2026; current prices, insurance and separately charged advice can change the comparison.
The growth allocations are 80.50% and 76.73%. A return gap can reflect different exposure to growth assets, and similar headline allocations can still contain different investments.
A performance-test pass is a benchmark result for the tested product or pathway. It is not an endorsement or a guarantee of future performance.
Source: APRA Comprehensive Product Performance Package 2026, published 28 August 2026. Fees reflect the reporting year to 30 June 2026, are net of tax, use standard arrangements and exclude member-activity fees. Dollar figures are rounded. They are not a current quote. Check the latest PDS for changes, insurance premiums and any separately charged advice.
Returns are annualised historical results. Different return bases, risk levels and periods cannot be treated as interchangeable. MySuper net returns use a $50,000 representative balance even when you change the fee balance. A lifecycle stage return does not track a person moving between stages. Missing figures mean not reported, not zero. Past returns do not predict future returns. Read our method and APRA's definitions.
How the products differ
| What to compare | Superhero Super | UniSuper |
|---|---|---|
| Membership and access | Public membership under the applicable MySuper or Choice documents. Sources1234 | The Personal Account is available to people living in Australia aged over 15. Employer-linked products and the Defined Benefit Division have their own entry rules. Sources1 |
| Accounts and products | Superhero Super Choice and MySuper. Sources1234 | Public Personal Account and employer accumulation products; Defined Benefit Division must be assessed separately. Personal Account Accumulation 1 Accumulation 2 Defined Benefit Division Flexi Pension Sources14 |
| Investment choices | Diversified, single-sector, thematic and direct options. At least 25% of a Choice balance must remain across diversified or single-sector options. Sources1234 | Balanced (MySuper) for Personal Account and eligible accumulation products; MySuper does not apply to the DBD or pension. Accumulation members, Personal Account members and Flexi Pension members can select from UniSuper's investment options. A Defined Benefit Division account has two components: a formula-based defined benefit, whose investments the member cannot choose, and an accumulation component that can use the normal menu. Sources247 |
| Insurance | MySuper and Choice insurance terms differ. There is no insurance in the retirement division; retaining accumulation cover requires a sufficiently funded super account. Sources1234 | The insurance position depends on the product. Ordinary insured cover and the inbuilt benefits associated with the Defined Benefit Division should be compared separately. Check the current product PDS and your member statement before making a transfer. Sources34 |
| Retirement income | Retirement and transition-to-retirement accounts are available, with a $20,000 minimum under the PDS dated 2 June 2026. Sources1234 | Flexi Pension provides retirement-phase and transition-to-retirement accounts. The retirement-phase product requires an eligible condition of release and a minimum opening balance. Moving the entire UniSuper balance into a pension ends any insurance or DBD inbuilt benefits attached to the former account. Sources3 |
| Advice and support | The service supports self-directed investment decisions. Personal advice should be arranged where needed. Sources1234 | UniSuper offers advice services covering super and retirement as well as broader financial matters. Advice fee deductions have rules, limits and consent requirements; an agreement to pay an adviser is not a universal feature that applies the same way to every product. Sources56 |
| Fee details to check | Choice administration is $52 a year plus a balance-based fee; investment fees vary and direct investing adds costs. MySuper has its own schedule. Sources1234 | Compare Personal Account with other public accumulation products, using the cost of the chosen investment option. Employer products, the DBD and retirement-phase Flexi Pension can have different fees. Do not transplant one product's fee figure onto the whole UniSuper brand. Sources4 |
| Comparing investment performance | The website's investment returns exclude administration fees and costs. Direct portfolios have member-specific returns. Sources1234 | Investment returns describe accumulation investments. The defined-benefit component uses a formula, rather than crediting the chosen market return to an account. A DBD-versus-accumulation decision cannot be reduced to two ten-year investment returns. Keep UniSuper Personal Account and DBD comparisons separate. Do not display a DBD benefit as a guaranteed investment return or infer its value from accumulation performance. Sources27 |
THE SUPERGURU VIEW
Our take on Superhero Super
Relevant for an investor who wants more control but accepts the portfolio limits and costs.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
Our take on UniSuper
UniSuper belongs on a public-fund shortlist, but the product distinction is essential. For an ordinary Personal Account member, compare the investment menu, cost and service in the usual way. For a DBD member, the more consequential question is what rights, benefits and future entitlements a change would affect.
Who might put it on their shortlist
- People outside the university sector who want to compare UniSuper's Personal Account.
- University-sector members reviewing their specific employer product.
- Members who want an accumulation account and a pension option with the same provider.
What deserves a closer look
- The defined-benefit component does not let you choose its underlying investments.
- Changes involving the DBD can affect benefits that a public-fund comparison table cannot value.
- Rolling the full account into Flexi Pension can end existing insurance and DBD inbuilt benefits.
- A product's investment-return history does not predict an individual's formula-based benefit.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
Before choosing between Superhero Super and UniSuper
Use the membership rules to establish which accounts are available to you. Then compare the total price of the investment option and cover you need. A lower fee or higher historical return alone does not tell you which fund is suitable.
Ask both funds to confirm insurance acceptance, exclusions, waiting periods and whether cover would change when you leave your employer. Obtain advice before giving up a defined benefit or an insurance policy you may not be able to replace. ASIC Moneysmart explains the comparison checks.
Read the full Superhero Super profile · Read the full UniSuper profile · Choose another comparison
Sources for Superhero Super
Checked 2026-09-11. Documents and product terms can change after this date.
Sources for UniSuper
Checked 2026-09-11. Documents and product terms can change after this date.