DHHF and GHHF overlap by about 95%: owning both mostly doubles up. DHHF is cheaper (0.19% vs 0.35% a year), about $160 a year less on $100,000. DHHF is the bigger fund ($1.7b vs $413m). GHHF is a geared version of a 100% shares portfolio: it borrows so your exposure is about 1.5 times your money. Gains and losses are both magnified.
📅 As at 30 September 2026: fees, size, flows and returns from the TMX Australia funds report; overlap from published holdings as at 30 October 2026.
DHHF
Betashares Diversified All Growth ETFDHHF is an all-in-one ETF that holds 100% shares across Australia, the US, other developed markets and emerging markets, rebalanced for you.
GHHF
Betashares Wealthbuilder All Gr Geared Complex ETFGHHF is an all-in-one share ETF that borrows to invest, so your market exposure is about 1.5 times your money.
DHHF vs GHHF side by side
Green marks the cheaper, bigger or better-performing fund on each line. Past returns are not a reliable guide to the future.
| DHHF | GHHF | |
|---|---|---|
| Issuer | Betashares | Betashares |
| Index | A mix of Australian, US, developed and emerging market share ETFs (100% shares) | A geared mix of Australian and global share ETFs |
| Fee (a year) | 0.19% | 0.35% |
| Size | $1.7b | $413m |
| Net money in, September | +$60m | +$17m |
| 1-year return | +8.1% | +12.0% |
| 5-year return | +55% | Not 5 years old |
| Listed | 2019 | 2024 |
| Top 10 holdings | 32% of fund | 31% of fund |
| Trend now | Base | Base |
How much do DHHF and GHHF overlap?
About 95% of their holdings are the same, by weight: high overlap, so owning both mostly doubles up.
The biggest companies they both own
| Company | DHHF | GHHF |
|---|---|---|
| BHP Group LtdMaterials | 5.3% | 5.1% |
| Commonwealth Bank of AustraliaFinancials | 5.1% | 4.8% |
| Apple IncInformation Technology | 3.9% | 3.9% |
| NVIDIA CorpInformation Technology | 3.9% | 3.8% |
| Microsoft CorpInformation Technology | 3.0% | 3.0% |
| Alphabet (Google)Communication Services | 2.3% | 2.4% |
| National Australia Bank LtdFinancials | 2.4% | 2.2% |
| Westpac Banking CorpFinancials | 2.3% | 2.2% |
| ANZ Group Holdings LtdFinancials | 2.2% | 2.1% |
| Amazon.com IncConsumer Discretionary | 1.8% | 1.8% |
Only in DHHF
- No holdings above 0.5%: the differences are all small positions.
Only in GHHF
- No holdings above 0.5%: the differences are all small positions.
Sectors and countries
Sectors
Countries
Trend: base, uptrend or downtrend?
Past year of prices, shaded by trend stage. The dashed line is the 200-day exponential average. As at 4 November 2026. How base and trend works.
DHHF or GHHF: which suits who?
Where either fits depends on the rest of your portfolio: whether it’s your core or a satellite. See core and satellite investing and our full profiles of DHHF.
See the exact overlap with everything you hold, plus the trend of each ETF, in our free calculator.
More comparisons
DHHF vs GHHF FAQs
Is DHHF or GHHF better?
Neither is better for everyone. GHHF is a geared version of a 100% shares portfolio: it borrows so your exposure is about 1.5 times your money. Gains and losses are both magnified. Choose DHHF if you want a 100% shares portfolio without borrowing. Choose GHHF if you have a very long time horizon, understand gearing and can live with much bigger falls.
What is the difference between DHHF and GHHF?
DHHF and GHHF overlap by about 95%: owning both mostly doubles up. DHHF is cheaper (0.19% vs 0.35% a year), about $160 a year less on $100,000. DHHF is the bigger fund ($1.7b vs $413m). GHHF is a geared version of a 100% shares portfolio: it borrows so your exposure is about 1.5 times your money. Gains and losses are both magnified.
Should I own both DHHF and GHHF?
Usually there’s little point. With 95% overlap, owning both mostly doubles up on the same companies. Pick one.
Which is cheaper, DHHF or GHHF?
DHHF is cheaper (0.19% vs 0.35% a year), about $160 a year less on $100,000. Fees are taken from the fund’s returns, not charged separately.
Fees, size, flows and returns: TMX Australia Funds Report to 30 September 2026; returns are total returns and the 5-year figure is cumulative. Overlap, sectors and countries are based on each fund’s published holdings, scaled to the part of each fund we can see; DHHF: US shares shown via the S&P 500 (SPY) as a stand-in for VTI.; GHHF: Geared: market exposure is about 1.5x your investment. Shown here on an ungeared basis.. Trend stages are a technical indicator based on 10, 20, 50 and 200-day exponential moving averages; they describe the past, not the future. General information only, not a recommendation to buy or sell DHHF or GHHF. Consider the PDS and TMD, and your own circumstances, before investing.