G200 vs GEAR vs GMVW vs LEVR - Compare ETFs side by side

At a glance

Comparing G200, GEAR, GMVW, and LEVR. GMVW has the lowest management fee at 0.35% a year, GEAR has the highest 3 years return at 17.5% a year, and GEAR offers the highest at 1.85%.

Lowest fee

GMVW 0.35% p.a.

Highest 3 years return

GEAR 17.5% p.a.

Highest yield

GEAR 1.85%

Highest risk-adjusted

GEAR Sharpe 0.62 (3y)

Lowest volatility

GEAR 24.1% (3y)

Largest fund

GEAR $572m

Side-by-side comparison

Metric	G200 BetaShares Wealth Builder Australia 200 Geared (30-40% LVR) Complex ETF	GEAR BetaShares Geared Australian Equity Fund	GMVW VanEck Geared Australian Equal Weight Complex ETF	LEVR First Sentier Geared Australian Share Complex ETF
Snapshot
Provider	BetaShares	BetaShares	VanEck	—
Tracks index	—	—	—	—
Categories	AU, Large-Cap, Geared	AU, Large-Cap, Geared	AU, Geared, Factor, Active	AU, Geared, Active
Listed since	2024 (2 yrs)	2014 (12 yrs)	—	—
Fund size (AUM)	$37m	$572m	$39m	$231m
Cost & income
Management fee	0.59%	2.23%	0.35%	2.38%
Dividend yield	1.73%	1.85%	—	0.64%
Franking	75%	72%	80%	75%
Turnover	15%	45%	25%	45%
Tax drag	0.54%	1.28%	0.6%	1.14%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	1.4% net	-1.4% net	—	-15.9% net
3-year return	—	17.5% net	—	12.4% net
5-year return	—	10.4% net	—	—
10-year return	—	12.5% net	—	—
Risk
Volatility (3y)	—	24.1%	—	26.3%
Volatility (5y)	—	29.1%	—	—
Volatility (10y)	—	30.5%	—	—
Sharpe ratio (3y)	—	0.62	—	0.42
Sharpe ratio (5y)	—	0.37	—	—
Sharpe ratio (10y)	—	0.48	—	—
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

G200 BetaShares Wealth Builder Australia 200 Geared (30-40% LVR) Complex ETF

Pricier than similar ETFs, which average around 0.31%.

Full G200 analysis →

GEAR BetaShares Geared Australian Equity Fund

Top-25% returns over 10 years (28th of 110 ETFs we track).

Has lagged most peers over 1 year (242nd of 318).

Full GEAR analysis →

GMVW VanEck Geared Australian Equal Weight Complex ETF

Low-cost: a 0.35% management fee keeps more of the return in your pocket.

Full GMVW 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 G200 vs GEAR vs GMVW vs LEVR?

G200, GEAR, GMVW, and LEVR are 4 Australian-listed ETFs we compare side by side. GMVW carries the lowest management fee (0.35%). Over 3 years, GEAR has delivered the highest total return (17.5% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - G200 vs GEAR vs GMVW vs LEVR?

GMVW has the lowest management fee at 0.35% a year, versus G200 0.59%, GEAR 2.23%, and LEVR 2.38%.

Which has performed highest - G200 vs GEAR vs GMVW vs LEVR?

Over the past 3 years, GEAR has delivered the highest total return at 17.5% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

GEAR pays the highest at 1.85%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

GEAR is the largest fund by assets ($572m). Larger funds are typically more liquid and trade on tighter spreads.

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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.