GGAL vs. IWY
GGAL (Grupo Financiero Galicia S.A.) is a stock, while IWY (iShares Russell Top 200 Growth ETF) is Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index. Over the past 10 years, GGAL returned 8.12%/yr vs 18.80%/yr for IWY. At a 0.33 correlation, their price movements are largely independent.
Performance
GGAL vs. IWY - Performance Comparison
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Returns By Period
In the year-to-date period, GGAL achieves a -1.90% return, which is significantly lower than IWY's 2.97% return. Over the past 10 years, GGAL has underperformed IWY with an annualized return of 8.12%, while IWY has yielded a comparatively higher 18.80% annualized return.
GGAL
- 1D
- -4.32%
- 1M
- -6.80%
- 6M
- -3.89%
- YTD
- -1.90%
- 1Y
- 14.53%
- 3Y*
- 54.44%
- 5Y*
- 50.85%
- 10Y*
- 8.12%
IWY
- 1D
- -2.00%
- 1M
- -0.02%
- 6M
- 2.41%
- YTD
- 2.97%
- 1Y
- 15.05%
- 3Y*
- 21.28%
- 5Y*
- 13.46%
- 10Y*
- 18.80%
GGAL vs. IWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGAL Grupo Financiero Galicia S.A. | -1.90% | -11.36% | 289.05% | 92.28% | 8.05% | 8.88% | -45.53% | -40.38% | -57.85% | 145.24% |
IWY iShares Russell Top 200 Growth ETF | 2.97% | 18.19% | 34.89% | 46.49% | -29.91% | 31.05% | 39.01% | 36.20% | -0.72% | 31.69% |
Correlation
The correlation between GGAL and IWY is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2009 | 0.33 |
The correlation between GGAL and IWY shifts across timeframes, from 0.29 (10 years) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GGAL vs. IWY — Risk / Return Rank
GGAL
IWY
GGAL vs. IWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grupo Financiero Galicia S.A. (GGAL) and iShares Russell Top 200 Growth ETF (IWY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GGAL | IWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.16 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.91 | -0.62 |
| Martin ratioReturn relative to average drawdown | 0.63 | 2.80 | -2.17 |
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Drawdowns
GGAL vs. IWY - Drawdown Comparison
The maximum GGAL drawdown since its inception was -98.98%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for GGAL and IWY.
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Drawdown Indicators
| GGAL | IWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.98% | -32.68% | -66.30% |
Max Drawdown (1Y)Largest decline over 1 year | -50.03% | -16.63% | -33.40% |
Max Drawdown (3Y)Largest decline over 3 years | -62.94% | -23.22% | -39.72% |
Max Drawdown (5Y)Largest decline over 5 years | -62.94% | -32.68% | -30.26% |
Max Drawdown (10Y)Largest decline over 10 years | -91.70% | -32.68% | -59.02% |
Current DrawdownCurrent decline from peak | -24.96% | -5.70% | -19.26% |
Average DrawdownAverage peak-to-trough decline | -57.27% | -4.75% | -52.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.08% | 5.39% | +17.69% |
Volatility
GGAL vs. IWY - Volatility Comparison
Grupo Financiero Galicia S.A. (GGAL) has a higher volatility of 19.37% compared to iShares Russell Top 200 Growth ETF (IWY) at 6.70%. This indicates that GGAL's price experiences larger fluctuations and is considered to be riskier than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGAL | IWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.37% | 6.70% | +12.67% |
Volatility (6M)Calculated over the trailing 6-month period | 38.16% | 13.45% | +24.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.89% | 16.88% | +59.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.81% | 21.71% | +37.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.17% | 21.06% | +41.11% |
Dividends
GGAL vs. IWY - Dividend Comparison
GGAL's dividend yield for the trailing twelve months is around 4.12%, more than IWY's 0.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGAL Grupo Financiero Galicia S.A. | 4.12% | 2.11% | 3.81% | 6.49% | 4.62% | 0.23% | 0.94% | 1.89% | 1.29% | 0.16% | 0.13% | 0.09% |
IWY iShares Russell Top 200 Growth ETF | 0.35% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
Frequently Asked Questions
GGAL and IWY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGAL has higher volatility (19.37%) compared to IWY (6.70%). In terms of maximum drawdown, GGAL dropped -98.98% vs IWY's -32.68%.
IWY currently has the higher Sharpe Ratio (0.90 vs 0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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