GGRW vs. IITU.L
Compare and contrast key facts about Gabelli Growth Innovators ETF (GGRW) and iShares S&P 500 USD Information Technology Sector UCITS (IITU.L).
GGRW and IITU.L 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. IITU.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Nov 20, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGRW or IITU.L.
Key characteristics
| GGRW | IITU.L | |
|---|---|---|
| YTD Return | 23.69% | 15.88% |
| 1Y Return | 52.17% | 45.34% |
| 3Y Return (Ann) | 5.42% | 23.12% |
| Sharpe Ratio | 2.99 | 2.37 |
| Daily Std Dev | 17.44% | 19.01% |
| Max Drawdown | -50.28% | -23.56% |
| Current Drawdown | -9.83% | 0.00% |
Correlation
The correlation between GGRW and IITU.L is 0.63, 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.
Performance
GGRW vs. IITU.L - Performance Comparison
In the year-to-date period, GGRW achieves a 23.69% return, which is significantly higher than IITU.L's 15.88% 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. IITU.L - Expense Ratio Comparison
GGRW has a 0.90% expense ratio, which is higher than IITU.L's 0.15% expense ratio.
Risk-Adjusted Performance
GGRW vs. IITU.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Growth Innovators ETF (GGRW) and iShares S&P 500 USD Information Technology Sector UCITS (IITU.L). 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. IITU.L - Dividend Comparison
Neither GGRW nor IITU.L has paid dividends to shareholders.
Drawdowns
GGRW vs. IITU.L - Drawdown Comparison
The maximum GGRW drawdown since its inception was -50.28%, which is greater than IITU.L's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for GGRW and IITU.L. For additional features, visit the drawdowns tool.
Volatility
GGRW vs. IITU.L - Volatility Comparison
The current volatility for Gabelli Growth Innovators ETF (GGRW) is 6.42%, while iShares S&P 500 USD Information Technology Sector UCITS (IITU.L) has a volatility of 7.56%. This indicates that GGRW experiences smaller price fluctuations and is considered to be less risky than IITU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.