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

At a glance

Comparing GMVW, GEAR, G200, 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	GMVW VanEck Geared Australian Equal Weight Complex ETF	GEAR BetaShares Geared Australian Equity Fund	G200 BetaShares Wealth Builder Australia 200 Geared (30-40% LVR) Complex ETF	LEVR First Sentier Geared Australian Share Complex ETF
Snapshot
Provider	VanEck	BetaShares	BetaShares	—
Tracks index	—	—	—	—
Categories	AU, Geared, Factor, Active	AU, Large-Cap, Geared	AU, Large-Cap, Geared	AU, Geared, Active
Listed since	—	2014 (12 yrs)	2024 (2 yrs)	—
Fund size (AUM)	$39m	$572m	$37m	$231m
Cost & income
Management fee	0.35%	2.23%	0.59%	2.38%
Dividend yield	—	1.85%	1.73%	0.64%
Franking	80%	72%	75%	75%
Turnover	25%	45%	15%	45%
Tax drag	0.6%	1.28%	0.54%	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

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 →

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 →

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

Pricier than similar ETFs, which average around 0.31%.

Full G200 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 GMVW vs GEAR vs G200 vs LEVR?

GMVW, GEAR, G200, 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 - GMVW vs GEAR vs G200 vs LEVR?

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

Which has performed highest - GMVW vs GEAR vs G200 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.

Related comparisons

GEAR vs GHHF GEAR vs GGBL GEAR vs A200 GEAR vs ALFA G200 vs GHHF G200 vs A200 G200 vs IOZ G200 vs ALFA

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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.