There are 11 geared ETFs on the ASX and TMX, with about $1.9bn invested. The largest is GEAR ($572m) and the lowest fee is 0.35% a year (G200, GMVW, GGBL).
Geared ETFs on the ASX
These funds borrow to magnify the return of an index. They are complex products: read the PDS carefully.
How gearing works
A fund geared at about 2× aims to rise roughly twice as much as its index, and fall twice as much too.
Gearing levels reset and borrowing costs add up. Losses can be very large in a sharp fall.
How to use geared ETFs
Geared ETFs are high-risk tools, not a core holding. If they’re used at all, it’s as a small, actively managed position with clear rules for getting out.
Read more: Core and satellite investing · When to buy an ETF
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Frequently asked questions
How many geared ETFs are there in Australia?
At 30 September 2026 there were 11 geared ETFs listed on the ASX and TMX, with about $1.9bn invested.
What is the largest geared ETF?
GEAR (Betashares Geared Australian Equities) is the largest, with about $572m invested at 30 September 2026.
Which geared ETF has the lowest fee?
G200, GMVW, GGBL have the lowest management fee at 0.35% a year. Fees are only one factor: also compare what each fund holds, its size and how closely it tracks its index.
More ETF lists
Data: TMX Australia Funds Report, month ending 30 September 2026. Fee = management cost (% a year). Size = funds under management. Returns are total returns; “–” = less than the full period of history. Tags: Hedged = currency hedged; Active = actively managed; Complex = complex product (read the PDS carefully); TMX = listed on TMX Australia rather than the ASX; New = listed in the past 12 months. General information only, not a recommendation to buy or sell any ETF. Consider your objectives, financial situation and needs, and read the PDS and TMD before investing. Past performance is not a reliable indicator of future performance.