LEVR vs GEAR - Compare ETFs side by side

At a glance

Comparing LEVR and GEAR. 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	LEVR First Sentier Geared Australian Share Complex ETF	GEAR BetaShares Geared Australian Equity Fund
Snapshot
Provider	—	BetaShares
Tracks index	—	—
Categories	AU, Geared, Active	AU, Large-Cap, Geared
Listed since	—	2014 (12 yrs)
Fund size (AUM)	$231m	$572m
Cost & income
Management fee	2.38%	2.23%
Dividend yield	0.64%	1.85%
Franking	75%	72%
Turnover	45%	45%
Tax drag	1.14%	1.28%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	-15.9% net	-1.4% net
3-year return	12.4% net	17.5% net
5-year return	—	10.4% net
10-year return	—	12.5% net
Risk
Volatility (3y)	26.3%	24.1%
Volatility (5y)	—	29.1%
Volatility (10y)	—	30.5%
Sharpe ratio (3y)	0.42	0.62
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

LEVR First Sentier Geared Australian Share Complex ETF

Has lagged most peers over 1 year (301st of 318).

Full LEVR 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 →

Frequently Asked Questions

What's the difference between LEVR vs GEAR?

LEVR and GEAR 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 - LEVR vs GEAR?

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

Which has performed higher - LEVR vs GEAR?

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.

Related comparisons

LEVR vs G200 LEVR vs ALFA LEVR vs GMVW GEAR vs G200 GEAR vs GHHF GEAR vs GGBL GEAR vs A200 GEAR 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.