Geared & Leveraged ETFs in Australia
📅 Data to 30 Sep 2026ETFs that borrow to amplify market moves. Gains and losses are magnified, so they are higher risk. There are 14 geared ETFs listed in Australia, holding $2.0bn between them. *Funds with at least $20m AUM.
Related reading📖 How geared ETFs work: and how they can hurt you
How much does each fund borrow?
| ETF | Fund and gearing range | Market exposure per $1 invested | MER | 1Y | Size |
|---|---|---|---|---|---|
| GEAR | Betashares Geared Australian Equities ETF50–65% gearing ratio | 2.0–2.9x | 0.80% | −1.2% | $572m |
| GGUS | Betashares Geared US Equities Currency Hedged Complex ETF50–65% gearing ratio | 2.0–2.9x | 0.80% | +28.1% | $454m |
| GHHF | Betashares Wealthbuilder All Gr Geared Complex ETF30–40% gearing ratio | 1.4–1.7x | 0.35% | +12.0% | $413m |
| LEVR | First Sentier Geared Australian Share Complex ETFSet by the manager; range not published | not published | 0.95% | −16.6% | $119m |
| GGBL | Betashares Wealthbuilder Global Geared Complex ETF30–40% gearing ratio | 1.4–1.7x | 0.35% | +13.0% | $101m |
| GNDQ | Betashares Wealthbuilder Nasdaq Geared Complex ETF30–40% gearing ratio | 1.4–1.7x | 0.50% | +23.0% | $86m |
| LNAS | Global X Ultra Long Nasdaq 100 Complex ETF200–275% daily exposure | 2.0–2.8x | 1.00% | +37.4% | $83m |
| SNAS | Global X Ultra Short Nasdaq 100 Complex ETF−200 to −275% daily exposure (short) | −2.0–2.8x | 1.00% | −40.9% | $67m |
| GMVW | VanEck Geared Australian Equal Weight Complex ETF45–60% gearing ratio | 1.8–2.5x | 0.35% | −5.9% | $43m |
| G200 | Betashares Wealthbuilder Aus200 Geared Complex ETF30–40% gearing ratio | 1.4–1.7x | 0.35% | +1.5% | $37m |
| GGAB | Betashares Geared Australian Bond ETF250–300% daily exposure | 2.5–3.0x | 0.99% | −14.4% | $5.0m |
| GGFD | Betashares Geared Long US Treasury Bond Currency Hedged Complex ETF250–300% daily exposure | 2.5–3.0x | 0.99% | −18.5% | $3.3m |
Exposure per $1 is worked out from each issuer's published gearing range: for example a 50% gearing ratio means $1 of your money plus $1 borrowed, or 2x. 1.0x would be an ungeared fund. Gearing moves within the range every day, and daily-reset funds (LNAS, SNAS, GGAB, GGFD) can drift away from the multiple over longer periods. SNAS is short: it aims to rise when the Nasdaq falls. Higher gearing magnifies losses as well as gains. Check the issuer's PDS for the current figure.
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| Compare | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEAR | Betashares Geared Australian Equities ETF | Betashares | 0.80 | 572m | Australian shares | −5.5 | −1.2 | 60.7 | 49.7 | 02/05/2014 | |
| GGUS | Betashares Geared US Equities Currency Hedged Complex ETF | Betashares | 0.80 | 454m | International shares | −0.4 | 28.1 | 160.5 | 89.5 | 18/08/2015 | |
| GHHF | Betashares Wealthbuilder All Gr Geared Complex ETF | Betashares | 0.35 | 413m | International shares | −0.2 | 12.0 | – | – | 23/04/2024 | |
| LEVR | First Sentier Geared Australian Share Complex ETF | First Sentier | 0.95 | 119m | Australian shares | −9.2 | −16.6 | – | – | 15/05/2025 | |
| GGBL | Betashares Wealthbuilder Global Geared Complex ETF | Betashares | 0.35 | 101m | Australian shares | 2.7 | 13.0 | – | – | 30/09/2025 | |
| GNDQ | Betashares Wealthbuilder Nasdaq Geared Complex ETF | Betashares | 0.50 | 86m | International shares | 8.8 | 23.0 | – | – | 15/10/2024 | |
| LNAS | Global X Ultra Long Nasdaq 100 Complex ETF | Global X | 1.00 | 83m | International shares | 6.4 | 37.4 | 187.5 | 81.4 | 13/07/2020 | |
| SNAS | Global X Ultra Short Nasdaq 100 Complex ETF | Global X | 1.00 | 67m | International shares | −7.4 | −40.9 | −81.8 | −87.5 | 13/07/2020 | |
| GMVW | VanEck Geared Australian Equal Weight Complex ETF | VanEck | 0.35 | 43m | Australian shares | −4.5 | −5.9 | – | – | 29/02/2024 | |
| G200 | Betashares Wealthbuilder Aus200 Geared Complex ETF | Betashares | 0.35 | 37m | Australian shares | −3.7 | 1.5 | – | – | 23/04/2024 | |
| GGAB | Betashares Geared Australian Bond ETF | Betashares | 0.99 | 5.0m | Australian bonds | −4.6 | −14.4 | – | – | 06/12/2023 | |
| GGFD | Betashares Geared Long US Treasury Bond Currency Hedged Complex ETF | Betashares | 0.99 | 3.3m | International bonds | −10.8 | −18.5 | – | – | 06/12/2023 | |
| BBAB | Betashares Geared Short Australian Government Bond ETF (Hedge Fund) | Betashares | 0.99 | 2.7m | Australian bonds | 4.8 | 21.5 | – | – | 06/12/2023 | |
| BBFD | Betashares Geared Short US Tr Bond Ch Complex ETF | Betashares | 0.99 | 2.5m | International bonds | 11.9 | 24.8 | – | – | 06/12/2023 |
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