Betashares Geared Australian Equities Complex ETF (GEAR.AX)

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Betashares Geared Australian Equities Complex ETF (GEAR.AX) is up 1.3% since the beginning of the year. GEAR.AX is currently trading at A$36 per share. Investors who bought A$1,000 worth of GEAR.AX shares 5 years ago would now be looking at an investment worth A$1,486.

Betashares Geared Australian Equities Complex ETF (GEAR.AX) has returned 1.29% so far this year and 3.78% over the past 12 months. Over the last ten years, GEAR.AX has returned 10.21% per year, falling short of the S&P 500 Index benchmark, which averaged 14.27% annually.

Based on dividend-adjusted daily data since Apr 29, 2014, GEAR.AX's average daily return is +0.05%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +23.4%, while the worst month was Mar 2020 at -46.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, GEAR.AX closed higher 53% of trading days. The best single day was Mar 30, 2020 with a return of +13.7%, while the worst single day was Mar 12, 2020 at -17.4%.

Betashares Geared Australian Equities Complex ETF has an annualized alpha of 5.35%, beta of 0.40, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since April 29, 2014.

• This ETF participated in 175.06% of S&P 500 Index downside but only 119.76% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.40 may look defensive, but with R2 of 0.04 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.04 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

GEAR.AX ranks 13 for risk / return — in the bottom 13% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Betashares Geared Australian Equities Complex ETF provided a 0.57% dividend yield over the last twelve months, with an annual payout of A$0.20 per share.

The table displays the monthly dividend distributions for Betashares Geared Australian Equities Complex ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Betashares Geared Australian Equities Complex ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Betashares Geared Australian Equities Complex ETF was 66.50%, occurring on Mar 23, 2020. Recovery took 345 trading sessions.

The current Betashares Geared Australian Equities Complex ETF drawdown is 8.41%.

The chart below shows the rolling one-month volatility.