GGRW vs. FDVV

Last updated Apr 1, 2026

Compare and contrast key facts about Gabelli Growth Innovators ETF (GGRW) and Fidelity High Dividend ETF (FDVV).

GGRW and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGRW is an actively managed fund by GAMCO Investors, Inc.. It was launched on Feb 16, 2021. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.

Performance

GGRW vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Growth Innovators ETF (GGRW) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

GGRW vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GGRW Gabelli Growth Innovators ETF	-7.73%	18.29%	41.78%	42.19%	-43.92%	5.40%
FDVV Fidelity High Dividend ETF	-1.50%	17.08%	21.81%	18.00%	-4.21%	22.16%

Returns By Period

In the year-to-date period, GGRW achieves a -7.73% return, which is significantly lower than FDVV's -1.50% return.

GGRW

• 1D: 3.46%
• 1M: -5.92%
• YTD: -7.73%
• 6M: -7.27%
• 1Y: 15.84%
• 3Y*: 24.29%
• 5Y*: 7.45%
• 10Y*: —

FDVV

• 1D: 0.29%
• 1M: -4.85%
• YTD: -1.50%
• 6M: 0.38%
• 1Y: 15.18%
• 3Y*: 17.01%
• 5Y*: 12.74%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GGRW vs. FDVV - Expense Ratio Comparison

GGRW has a 0.90% expense ratio, which is higher than FDVV's 0.29% expense ratio.

GGRW

Gabelli Growth Innovators ETF

FDVV

Fidelity High Dividend ETF

Return for Risk

GGRW vs. FDVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GGRW

GGRW Risk / Return Rank: 46
GGRW Sharpe Ratio Rank: 44
GGRW Sortino Ratio Rank: 47
GGRW Omega Ratio Rank: 46
GGRW Calmar Ratio Rank: 48
GGRW Martin Ratio Rank: 48

FDVV

FDVV Risk / Return Rank: 53
FDVV Sharpe Ratio Rank: 53
FDVV Sortino Ratio Rank: 53
FDVV Omega Ratio Rank: 60
FDVV Calmar Ratio Rank: 45
FDVV Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GGRW vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Growth Innovators ETF (GGRW) and Fidelity High Dividend ETF (FDVV). 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.

	GGRW	FDVV	Difference
Sharpe ratio Return per unit of total volatility	0.79	1.00	-0.21
Sortino ratio Return per unit of downside risk	1.26	1.44	-0.18
Omega ratio Gain probability vs. loss probability	1.17	1.23	-0.06
Calmar ratio Return relative to maximum drawdown	1.22	1.23	-0.01
Martin ratio Return relative to average drawdown	4.56	5.34	-0.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GGRW vs. FDVV - Sharpe Ratio Comparison

The current GGRW Sharpe Ratio is 0.79, which is comparable to the FDVV Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of GGRW and FDVV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GGRW	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	1.00	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.87	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.74	-0.53

Correlation

The correlation between GGRW and FDVV is 0.65, 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.

Dividends

GGRW vs. FDVV - Dividend Comparison

GGRW's dividend yield for the trailing twelve months is around 0.46%, less than FDVV's 2.99% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GGRW Gabelli Growth Innovators ETF	0.46%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDVV Fidelity High Dividend ETF	2.99%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%

Drawdowns

GGRW vs. FDVV - Drawdown Comparison

The maximum GGRW drawdown since its inception was -50.28%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for GGRW and FDVV.

Drawdown Indicators

	GGRW	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-50.28%	-40.25%	-10.03%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-12.34%	-0.85%
Max Drawdown (5Y) Largest decline over 5 years	-50.28%	-20.18%	-30.10%
Current Drawdown Current decline from peak	-10.18%	-6.78%	-3.40%
Average Drawdown Average peak-to-trough decline	-17.91%	-3.85%	-14.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	2.84%	+0.68%

Volatility

GGRW vs. FDVV - Volatility Comparison

Gabelli Growth Innovators ETF (GGRW) has a higher volatility of 6.59% compared to Fidelity High Dividend ETF (FDVV) at 4.47%. This indicates that GGRW's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGRW	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.59%	4.47%	+2.12%
Volatility (6M) Calculated over the trailing 6-month period	11.50%	7.68%	+3.82%
Volatility (1Y) Calculated over the trailing 1-year period	20.17%	15.32%	+4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.49%	14.74%	+10.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.78%	17.08%	+8.70%