GMVW vs LEVR - Compare ETFs side by side

At a glance

Comparing GMVW and LEVR. GMVW has the lower management fee at 0.35% a year and LEVR offers the higher at 0.64%.

Lower fee

GMVW 0.35% p.a.

Higher yield

LEVR 0.64%

Larger fund

LEVR $231m

Side-by-side comparison

Metric	GMVW VanEck Geared Australian Equal Weight Complex ETF	LEVR First Sentier Geared Australian Share Complex ETF
Snapshot
Provider	VanEck	—
Tracks index	—	—
Categories	AU, Geared, Factor, Active	AU, Geared, Active
Listed since	—	—
Fund size (AUM)	$39m	$231m
Cost & income
Management fee	0.35%	2.38%
Dividend yield	—	0.64%
Franking	80%	75%
Turnover	25%	45%
Tax drag	0.6%	1.14%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	—	-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

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 GMVW vs LEVR?

GMVW and LEVR are 2 Australian-listed ETFs we compare side by side. GMVW carries the lower management fee (0.35%). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - GMVW vs LEVR?

GMVW has the lower management fee at 0.35% a year, versus LEVR 2.38%.

Which pays the higher dividend yield?

LEVR pays the higher at 0.64%. 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

GMVW vs GEAR GMVW vs G200 LEVR vs GEAR LEVR vs G200 LEVR 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.