GGRW vs. GARY

Last updated Jul 17, 2026

GGRW (Gabelli Growth Innovators ETF) and GARY (Mango Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. GGRW charges 0.90%/yr vs 0.77%/yr for GARY.

Performance

GGRW vs. GARY - Performance Comparison

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

Returns By Period

In the year-to-date period, GGRW achieves a 6.14% return, which is significantly lower than GARY's 29.46% return.

GGRW

• 1D: -1.37%
• 1M: 0.10%
• 6M: 6.22%
• YTD: 6.14%
• 1Y: 10.99%
• 3Y*: 24.14%
• 5Y*: 8.50%
• 10Y*: —

GARY

• 1D: -1.27%
• 1M: -0.99%
• 6M: 21.92%
• YTD: 29.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GGRW vs. GARY - Yearly Performance Comparison

	2026 (YTD)	2025
GGRW Gabelli Growth Innovators ETF	6.14%	0.31%
GARY Mango Growth ETF	29.46%	0.15%

Correlation

The correlation between GGRW and GARY is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 22, 2025	0.88

Return for Risk

GGRW vs. GARY — Risk / Return Rank

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

GGRW

GGRW Risk / Return Rank: 24
GGRW Sharpe Ratio Rank: 23
GGRW Sortino Ratio Rank: 23
GGRW Omega Ratio Rank: 22
GGRW Calmar Ratio Rank: 22
GGRW Martin Ratio Rank: 28

GARY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GARY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Growth Innovators ETF (GGRW) and Mango Growth ETF (GARY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GGRW	GARY	Difference
Sharpe ratio: Return per unit of total volatility	0.69	—	—
Sortino ratio: Return per unit of downside risk	1.05	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.84	—	—
Martin ratio: Return relative to average drawdown	3.09	—	—

Drawdowns

GGRW vs. GARY - Drawdown Comparison

The maximum GGRW drawdown since its inception was -50.28%, which is greater than GARY's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for GGRW and GARY.

Drawdown Indicators

	GGRW	GARY	Difference
Max Drawdown Largest peak-to-trough decline	-50.28%	-10.28%	-40.00%
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	-1.57%	-5.64%	+4.07%
Average Drawdown Average peak-to-trough decline	-17.04%	-1.93%	-15.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	—	—

Volatility

Volatility by Period

	GGRW	GARY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	21.74%	-5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.46%	21.74%	+3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.41%	21.74%	+3.67%

GGRW vs. GARY - Expense Ratio Comparison

GGRW has a 0.90% expense ratio, which is higher than GARY's 0.77% expense ratio.

Dividends

GGRW vs. GARY - Dividend Comparison

GGRW's dividend yield for the trailing twelve months is around 0.40%, more than GARY's 0.04% yield.

Position	TTM	2025
GARY Mango Growth ETF	0.04%	0.05%
GGRW Gabelli Growth Innovators ETF	0.40%	0.43%

Frequently Asked Questions

Can I hold both GGRW and GARY in my portfolio?

GGRW and GARY have a correlation of 0.88, 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 GARY?

On fees, GARY is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GGRW or GARY?

GARY is cheaper with a 0.77% expense ratio, compared with 0.90% for GGRW.

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

GGRW has the higher dividend yield at 0.40%, compared with 0.04% for GARY.

What is the main difference between GGRW and GARY?

They also come from different issuers: GAMCO Investors, Inc. and Mango. Their fees differ too: 0.90% for GGRW and 0.77% for GARY.