Betashares Wealthbuilder Global Geared Complex ETF (GGBL) Review & Analysis

New ETF
MER Β· Top 50%AUM Β· #287 of 5081Y Return Β· Top 25%
What's new this monthData to 30 September 2026
  • +2.7% in September (total return), ahead of the median Australian shares ETF at βˆ’2.1%.
  • Investors added a net $7.1m (7.6% of the fund).
  • The unit price closed the month at $28.16, at or near its 12-month high (range $21.94 to $28.73).

About GGBL

GGBL is an Australian shares ETF from Betashares, listed on the ASX since September 2025. With $101m under management it is number 50 of 81 Australian shares ETFs by size. The management fee is 0.35% a year, about $35 on every $10,000 invested, in line with the typical Australian shares ETF at 0.35%.

Over the past year it returned +13.0%, against +1.6% for the median Australian shares ETF.

GGBL distributions and dividend dates

GGBL pays distributions half-yearly, usually going ex-distribution in January and July, with payment about 15 days after the ex-date. (Pattern estimated from recent payments.)

The latest distribution was $0.0875 per unit (0% franked), ex-distribution on 1 July 2026 and paid on 16 July 2026. To receive it you need to own GGBL before the ex-date.

Its distribution yield over the past 12 months is about 0.6%. Distributions vary and past payments are not a guide to future ones.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare GGBL with

GGBL price by TradingView

Stock CodeGGBL
Fund ManagerBetashares
Asset ClassAustralian shares
AUM$101m
MER (%)0.35%
Net flows (Sep)+$7.1m
Last Price$28.16
52-Week Range$21.94 – $28.73
Bid/Ask Spread0.12%
Listing Date30/09/2025
ExchangeASX
IndexNone: actively managed. See the PDS for its benchmark
Issuer websiteBetashares β†—

Performance (% return)

0%4%9%13%1M2.7%1Y13.0%3Yn/a5Yn/a
1 month+2.7%
1 year+13.0%
3 years p.a.–
5 years p.a.–

$10,000 invested…

1 year ago$11,296

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

GGBL at a glance: strengths and things to watch

πŸ‘ Strengths

  • Money is flowing in. Investors added a net $7.1m in September (7% of the fund).

⚠️ Things to watch

  • Short track record. Listed in September 2025, so it hasn't been tested through a full market cycle.
  • Geared. It uses borrowing to magnify gains and losses. Over time, choppy markets can wear the value down, so it suits experienced, short-term investors.

Worked out from GGBL's fees, size, flows, returns and trend against the 83 Australian shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

Joshua StegaetfadviserTrend check
Base since 26 Oct 2026

GGBL is in a base. Here's why that matters.

GGBL's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet. Its price is 5.9% below its 12-month high.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Oct 25Jan 26Apr 26Jul 26Oct 26
UptrendBaseDowntrend

GGBL weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

Investment Focus

Exposure Regions

Australia

Themes & Sectors

GearedActive ETFs

Portfolio Breakdown

Sector breakdown

  • Information Technology26.8%
  • Financials16.3%
  • Industrials11.5%
  • Consumer Discretionary10.0%
  • Health Care9.5%
  • Communication Services9.5%
  • Consumer Staples5.5%
  • Other4.2%
  • Other6.7%

Holdings from the issuer's published portfolio. Compare GGBL's holdings with other ETFs β†’

Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.

Similar ETFs

CodeNameSame holdingsMERAUM1Y3Y p.a.5Y p.a.
G200Betashares Wealthbuilder Aus200 Geared Complex ETF Geared–0.35%$37m+1.5%––
GEARBetashares Geared Australian Equities ETF Geared–0.80%$572mβˆ’1.2%+17.1%+8.4%
LEVRFirst Sentier Geared Australian Share Complex ETF Geared–0.95%$119mβˆ’16.6%––
GMVWVanEck Geared Australian Equal Weight Complex ETF Geared–0.35%$43mβˆ’5.9%––
VASVanguard Australian Shares Index ETF–0.07%$26.7bn+2.2%+10.8%+6.5%
A200Betashares Australia 200 ETF–0.04%$11.1bn+2.9%+11.0%+6.9%

Same holdings is the share of GGBL's money in companies the other ETF also holds, weighted by size. No other ETF shares much with GGBL, so these are ETFs in the same category. See every ETF like GGBL β†’

GGBL vs its closest alternatives

What actually differs between GGBL and the ETFs most like it. Data to 30 Sep 2026.

G200 Betashares Wealthbuilder Aus200 Geared Complex ETF

  • Both charge the same fee (0.35%).
  • Over 1 year: GGBL +13.0%, G200 +1.5% (GGBL ahead by 11.4 percentage points).
  • GGBL is about 3 times larger ($101m vs $37m), which usually means tighter trading spreads.

Compare GGBL and G200 side by side β†’

GEAR Betashares Geared Australian Equities ETF

  • GGBL is cheaper (0.35% vs 0.80%), worth about $29,389 on $100,000 over 20 years.
  • Over 1 year: GGBL +13.0%, GEAR βˆ’1.2% (GGBL ahead by 14.2 percentage points).
  • GEAR is about 6 times larger ($572m vs $101m), which usually means tighter trading spreads.

Compare GGBL and GEAR side by side β†’

LEVR First Sentier Geared Australian Share Complex ETF

  • GGBL is cheaper (0.35% vs 0.95%), worth about $38,671 on $100,000 over 20 years.
  • Over 1 year: GGBL +13.0%, LEVR βˆ’16.6% (GGBL ahead by 29.6 percentage points).

Compare GGBL and LEVR side by side β†’

General information only. Past performance is not a reliable indicator of future performance.

GGBL FAQs

What is the fee for GGBL?

GGBL charges a management fee (MER) of 0.35% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is GGBL?

GGBL had $101m in funds under management as at 30 September 2026.

How has GGBL performed?

GGBL returned +13.0% over the year to 30 September 2026 (total return, including distributions). Past performance is not a reliable indicator of future performance.

Who manages GGBL?

GGBL is managed by Betashares and has been listed since September 2025.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the Betashares product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.