ALFA vs LEVR - Compare ETFs side by side

At a glance

Comparing ALFA and LEVR. ALFA has the lower management fee at 0.39% a year, ALFA has the higher 1 year return at -1.7% a year, and ALFA offers the higher at 0.87%.

Lower fee

ALFA 0.39% p.a.

Higher 1 year return

ALFA -1.7% p.a.

Higher yield

ALFA 0.87%

Larger fund

LEVR $231m

Side-by-side comparison

Metric	ALFA VanEck Australian Long Short Complex ETF	LEVR First Sentier Geared Australian Share Complex ETF
Snapshot
Provider	VanEck	—
Tracks index	—	—
Categories	AU, Geared, Active	AU, Geared, Active
Listed since	—	—
Fund size (AUM)	$37m	$231m
Cost & income
Management fee	0.39%	2.38%
Dividend yield	0.87%	0.64%
Franking	30%	75%
Turnover	150%	45%
Tax drag	3.8%	1.14%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	-1.7% net	-15.9% net
3-year return	—	12.4% net
5-year return	—	—
10-year return	—	—
Risk
Volatility (3y)	—	26.3%
Volatility (5y)	—	—
Volatility (10y)	—	—
Sharpe ratio (3y)	—	0.42
Sharpe ratio (5y)	—	—
Sharpe ratio (10y)	—	—
Bid/ask spread	—	—

marks the strongest fund in each row. “net” shows the after-tax return at your selected bracket. “—” means we don’t have that data point yet.

Each fund at a glance

ALFA VanEck Australian Long Short Complex ETF

Low-cost: a 0.39% management fee keeps more of the return in your pocket.

High portfolio turnover (150% a year) means frequent trading that realises capital gains, adding tax drag — less efficient than a low-turnover index fund.

Full ALFA analysis →

LEVR First Sentier Geared Australian Share Complex ETF

Has lagged most peers over 1 year (301st of 318).

Full LEVR analysis →

Frequently Asked Questions

What's the difference between ALFA vs LEVR?

ALFA and LEVR are 2 Australian-listed ETFs we compare side by side. ALFA carries the lower management fee (0.39%). Over 1 year, ALFA has delivered the higher total return (-1.7% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - ALFA vs LEVR?

ALFA has the lower management fee at 0.39% a year, versus LEVR 2.38%.

Which has performed higher - ALFA vs LEVR?

Over the past 1 year, ALFA has delivered the higher total return at -1.7% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

ALFA pays the higher at 0.87%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

LEVR is the larger fund by assets ($231m). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

ALFA vs GEAR ALFA vs G200 LEVR vs GEAR LEVR vs G200 LEVR vs GMVW

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General information only, generated from each fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.