Diversified Growth ETF (DVGR) — Review & Analysis

DVGR is Betashares' newly launched 75/25 growth diversified ETF, listed on the ASX on 4 August 2026 at a 0.19% management fee — the lowest cost for a sub-100% growth all-in-one fund available to Australians. It sits within Betashares' expanded diversified family alongside DVBA (balanced), DVHG (high growth) and DHHF (all growth), giving investors a full risk glide path at the same 0.19% price point. DVGR undercuts VDGR — Vanguard's directly comparable 70/30 diversified growth fund — by 8 basis points, worth roughly $6,000 on a $200,000 portfolio compounded over 20 years. The fund is fresh, with no AUM history or performance track record yet.

To compare DVGR side-by-side with every other ETF on the ASX, see the full ETF directory.

DVGR is built from a passive blend of underlying Betashares ETFs, giving exposure to roughly 2,500 equities and 12,000 bonds in a single trade. The strategic allocation is 28.75% Australian equities, 46.25% international equities (a mix of hedged and unhedged developed markets, emerging markets, and hedged global infrastructure), 15% Australian fixed income and 10% hedged international fixed income. On a country basis that lands at approximately 44% Australia and 35% US, with the remainder spread across Japan, Canada, China, UK, Germany, France and Taiwan. Both bond sleeves are AUD-hedged, so the defensive component behaves like Australian rates rather than a currency bet. The portfolio rebalances back to strategic weights whenever any asset class drifts more than 2%.

DVGR pays distributions quarterly with an automatic DRP for Australian and New Zealand investors unless they opt out. Because the fund is designed for a high-risk, long-term-growth investor, expect meaningful drawdowns during equity sell-offs — the 25% bond sleeve softens but does not eliminate volatility. The AUD-hedged bond component also means DVGR does not deliver the "defensive USD strengthening" behaviour that unhedged global bonds sometimes provide during global equity crashes. There's no franking-credit table yet since the fund is only weeks old, but the 28.75% Australian equity sleeve will generate franked income over time.

DVGR is the cheapest way to own a 75/25 all-in-one portfolio on the ASX. If you want a middle-ground diversified fund — more growth than a balanced product, but with a genuine bond ballast — it's a credible new option that undercuts VDGR on fees. For a pure all-growth alternative at the same 0.19% fee, see DHHF. For a geared version that adds leverage to a similar all-growth mix, see GHHF. For our take on how the diversified category has evolved, read VDHG vs DHHF vs GHHF — which all-in-one ETF should you buy.