Correlation
The correlation between GGRW and BRK-B is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
GGRW vs. BRK-B
Compare and contrast key facts about Gabelli Growth Innovators ETF (GGRW) and Berkshire Hathaway Inc. (BRK-B).
GGRW is an actively managed fund by GAMCO Investors, Inc.. It was launched on Feb 16, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGRW or BRK-B.
Performance
GGRW vs. BRK-B - Performance Comparison
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Key characteristics
GGRW:
0.83
BRK-B:
1.19
GGRW:
1.14
BRK-B:
1.77
GGRW:
1.15
BRK-B:
1.25
GGRW:
0.87
BRK-B:
2.81
GGRW:
2.80
BRK-B:
6.66
GGRW:
6.37%
BRK-B:
3.72%
GGRW:
24.38%
BRK-B:
19.76%
GGRW:
-50.28%
BRK-B:
-53.86%
GGRW:
-2.05%
BRK-B:
-6.64%
Returns By Period
In the year-to-date period, GGRW achieves a 5.73% return, which is significantly lower than BRK-B's 11.18% return.
GGRW
5.73%
8.51%
4.03%
20.05%
21.56%
N/A
N/A
BRK-B
11.18%
-5.49%
4.34%
23.34%
16.84%
22.12%
13.42%
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Risk-Adjusted Performance
GGRW vs. BRK-B — Risk-Adjusted Performance Rank
GGRW
BRK-B
GGRW vs. BRK-B - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Growth Innovators ETF (GGRW) and Berkshire Hathaway Inc. (BRK-B). 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.
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Dividends
GGRW vs. BRK-B - Dividend Comparison
Neither GGRW nor BRK-B has paid dividends to shareholders.
Drawdowns
GGRW vs. BRK-B - Drawdown Comparison
The maximum GGRW drawdown since its inception was -50.28%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for GGRW and BRK-B.
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Volatility
GGRW vs. BRK-B - Volatility Comparison
The current volatility for Gabelli Growth Innovators ETF (GGRW) is 4.44%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 6.63%. This indicates that GGRW experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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