GGRW vs. FITZ

Last updated Jun 5, 2026

GGRW (Gabelli Growth Innovators ETF) and FITZ (Fitz-Gerald Must Have Portfolio ETF) are both Large Cap Growth Equities funds. Both are actively managed. At a 0.20 correlation, their price movements are largely independent. GGRW charges 0.90%/yr vs 0.75%/yr for FITZ.

Performance

GGRW vs. FITZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Growth Innovators ETF (GGRW) and Fitz-Gerald Must Have Portfolio ETF (FITZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GGRW

• 1D: 0.54%
• 1M: 4.28%
• YTD: 6.69%
• 6M: 5.89%
• 1Y: 17.33%
• 3Y*: 27.07%
• 5Y*: 9.97%
• 10Y*: —

FITZ

• 1D: -0.20%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GGRW vs. FITZ - Yearly Performance Comparison

	2026 (YTD)
GGRW Gabelli Growth Innovators ETF	0.34%
FITZ Fitz-Gerald Must Have Portfolio ETF	-1.66%

Correlation

The correlation between GGRW and FITZ is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.20

Return for Risk

GGRW vs. FITZ — Risk / Return Rank

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

GGRW

GGRW Risk / Return Rank: 32
GGRW Sharpe Ratio Rank: 33
GGRW Sortino Ratio Rank: 33
GGRW Omega Ratio Rank: 32
GGRW Calmar Ratio Rank: 28
GGRW Martin Ratio Rank: 33

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. FITZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Growth Innovators ETF (GGRW) and Fitz-Gerald Must Have Portfolio ETF (FITZ). 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	FITZ	Difference
Sharpe ratio: Return per unit of total volatility	1.18	—	—
Sortino ratio: Return per unit of downside risk	1.70	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.32	—	—
Martin ratio: Return relative to average drawdown	4.98	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GGRW	FITZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	-7.29	+7.61

Drawdowns

GGRW vs. FITZ - Drawdown Comparison

The maximum GGRW drawdown since its inception was -50.28%, which is greater than FITZ's maximum drawdown of -1.97%. Use the drawdown chart below to compare losses from any high point for GGRW and FITZ.

Drawdown Indicators

	GGRW	FITZ	Difference
Max Drawdown Largest peak-to-trough decline	-50.28%	-1.97%	-48.31%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.28%	—	—
Current Drawdown Current decline from peak	-0.36%	-1.97%	+1.61%
Average Drawdown Average peak-to-trough decline	-17.37%	-1.08%	-16.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	—	—

Volatility

Volatility by Period

	GGRW	FITZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.73%	8.74%	+5.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.32%	8.74%	+16.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.49%	8.74%	+16.75%

GGRW vs. FITZ - Expense Ratio Comparison

GGRW has a 0.90% expense ratio, which is higher than FITZ's 0.75% expense ratio.

Dividends

GGRW vs. FITZ - Dividend Comparison

GGRW's dividend yield for the trailing twelve months is around 0.40%, while FITZ has not paid dividends to shareholders.

Position	TTM	2025
FITZ Fitz-Gerald Must Have Portfolio ETF	0.00%	0.00%
GGRW Gabelli Growth Innovators ETF	0.40%	0.43%

Frequently Asked Questions

Can I hold both GGRW and FITZ in my portfolio?

GGRW and FITZ have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GGRW or FITZ?

On fees, FITZ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GGRW or FITZ?

FITZ is cheaper with a 0.75% expense ratio, compared with 0.90% for GGRW.

Which ETF pays a higher dividend yield, GGRW or FITZ?

GGRW has the higher dividend yield at 0.40%, compared with 0.00% for FITZ.

What is the main difference between GGRW and FITZ?

They also come from different issuers: GAMCO Investors, Inc. and Nicholas. Their fees differ too: 0.90% for GGRW and 0.75% for FITZ.