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.
Key characteristics
| GGRW | BRK-B | |
|---|---|---|
| YTD Return | 23.69% | 15.73% |
| 1Y Return | 52.17% | 27.49% |
| 3Y Return (Ann) | 5.42% | 12.42% |
| Sharpe Ratio | 2.99 | 2.28 |
| Daily Std Dev | 17.44% | 12.09% |
| Max Drawdown | -50.28% | -53.86% |
| Current Drawdown | -9.83% | -1.85% |
Correlation
The correlation between GGRW and BRK-B is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GGRW vs. BRK-B - Performance Comparison
In the year-to-date period, GGRW achieves a 23.69% return, which is significantly higher than BRK-B's 15.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
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. For additional features, visit the drawdowns tool.
Volatility
GGRW vs. BRK-B - Volatility Comparison
Gabelli Growth Innovators ETF (GGRW) has a higher volatility of 6.42% compared to Berkshire Hathaway Inc. (BRK-B) at 2.78%. This indicates that GGRW's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.