GEAR vs LEVR - Compare ETFs side by side

At a glance

Comparing GEAR and LEVR. GEAR has the lower management fee at 2.23% a year, GEAR has the higher 3 years return at 17.5% a year, and GEAR offers the higher at 1.85%.

Lower fee

GEAR 2.23% p.a.

Higher 3 years return

GEAR 17.5% p.a.

Higher yield

GEAR 1.85%

Higher risk-adjusted

GEAR Sharpe 0.62 (3y)

Lower volatility

GEAR 24.1% (3y)

Larger fund

GEAR $572m

Side-by-side comparison

Metric	GEAR BetaShares Geared Australian Equity Fund	LEVR First Sentier Geared Australian Share Complex ETF
Snapshot
Provider	BetaShares	—
Tracks index	—	—
Categories	AU, Large-Cap, Geared	AU, Geared, Active
Listed since	2014 (12 yrs)	—
Fund size (AUM)	$572m	$231m
Cost & income
Management fee	2.23%	2.38%
Dividend yield	1.85%	0.64%
Franking	72%	75%
Turnover	45%	45%
Tax drag	1.28%	1.14%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	-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

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 →

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 GEAR vs LEVR?

GEAR and LEVR are 2 Australian-listed ETFs we compare side by side. GEAR carries the lower management fee (2.23%). Over 3 years, GEAR has delivered the higher total return (17.5% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - GEAR vs LEVR?

GEAR has the lower management fee at 2.23% a year, versus LEVR 2.38%.

Which has performed higher - GEAR vs LEVR?

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

Which pays the higher dividend yield?

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

Which is the larger and most liquid?

GEAR is the larger 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.