GGRW vs. CLSE

In the year-to-date period, GGRW achieves a 5.73% return, which is significantly higher than CLSE's 0.09% return.

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GGRW has a 0.90% expense ratio, which is lower than CLSE's 1.56% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Gabelli Growth Innovators ETF (GGRW) and Convergence Long/Short Equity ETF (CLSE). 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.

The current GGRW Sharpe Ratio is 0.83, which is comparable to the CLSE Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of GGRW and CLSE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

GGRW has not paid dividends to shareholders, while CLSE's dividend yield for the trailing twelve months is around 0.92%.

The maximum GGRW drawdown since its inception was -50.28%, which is greater than CLSE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for GGRW and CLSE.

Gabelli Growth Innovators ETF (GGRW) has a higher volatility of 4.44% compared to Convergence Long/Short Equity ETF (CLSE) at 2.39%. This indicates that GGRW's price experiences larger fluctuations and is considered to be riskier than CLSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.