GGBL vs GEAR - Compare ETFs side by side

At a glance

Comparing GGBL and GEAR. GGBL has the lower management fee at 0.59% a year and GEAR offers the higher at 1.79%.

Lower fee

GGBL 0.59% p.a.

Higher yield

GEAR 1.79%

Larger fund

GEAR $636m

Side-by-side comparison

Metric	GGBL BetaShares Wealth Builder Global Shares Geared (30-40% LVR) Complex ETF	GEAR BetaShares Geared Australian Equity Fund
Snapshot
Provider	BetaShares	BetaShares
Tracks index	—	—
Categories	Intl, Large-Cap, Geared	AU, Large-Cap, Geared
Listed since	2025 (1 yr)	2014 (12 yrs)
Fund size (AUM)	$82m	$636m
Cost & income
Management fee	0.59%	2.23%
Dividend yield	—	1.79%
Franking	0%	72%
Turnover	15%	45%
Tax drag	0.36%	1.28%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	—	5.7% net
3-year return	—	14.9% net
5-year return	—	11.3% net
10-year return	—	12.5% net
Risk
Volatility (3y)	—	24.4%
Volatility (5y)	—	29.1%
Volatility (10y)	—	30.5%
Sharpe ratio (3y)	—	0.52
Sharpe ratio (5y)	—	0.4
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

GGBL BetaShares Wealth Builder Global Shares Geared (30-40% LVR) Complex ETF

Pricier than similar ETFs, which average around 0.49%.

Full GGBL analysis →

GEAR BetaShares Geared Australian Equity Fund

Top-21% returns over 5 years (39th of 188 ETFs we track).

A 2.23% management fee is high and compounds against you over time.

Full GEAR analysis →

Frequently Asked Questions

What's the difference between GGBL vs GEAR?

GGBL and GEAR are 2 Australian-listed ETFs we compare side by side. GGBL carries the lower management fee (0.59%). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - GGBL vs GEAR?

GGBL has the lower management fee at 0.59% a year, versus GEAR 2.23%.

Which pays the higher dividend yield?

GEAR pays the higher at 1.79%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

GEAR is the larger fund by assets ($636m). 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.