GGRW vs. FTEC
Compare and contrast key facts about Gabelli Growth Innovators ETF (GGRW) and Fidelity MSCI Information Technology Index ETF (FTEC).
GGRW and FTEC 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. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGRW or FTEC.
Key characteristics
| GGRW | FTEC | |
|---|---|---|
| YTD Return | 23.69% | 11.16% |
| 1Y Return | 52.17% | 39.96% |
| 3Y Return (Ann) | 5.42% | 14.96% |
| Sharpe Ratio | 2.99 | 2.16 |
| Daily Std Dev | 17.44% | 18.41% |
| Max Drawdown | -50.28% | -34.95% |
| Current Drawdown | -9.83% | 0.00% |
Correlation
The correlation between GGRW and FTEC is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GGRW vs. FTEC - Performance Comparison
In the year-to-date period, GGRW achieves a 23.69% return, which is significantly higher than FTEC's 11.16% 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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GGRW vs. FTEC - Expense Ratio Comparison
GGRW has a 0.90% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
GGRW vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Growth Innovators ETF (GGRW) and Fidelity MSCI Information Technology Index ETF (FTEC). 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. FTEC - Dividend Comparison
GGRW has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.70%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGRW Gabelli Growth Innovators ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.70% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
GGRW vs. FTEC - Drawdown Comparison
The maximum GGRW drawdown since its inception was -50.28%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for GGRW and FTEC. For additional features, visit the drawdowns tool.
Volatility
GGRW vs. FTEC - Volatility Comparison
Gabelli Growth Innovators ETF (GGRW) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 6.42% and 6.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.