GGRW vs. SPY
Compare and contrast key facts about Gabelli Growth Innovators ETF (GGRW) and SPDR S&P 500 ETF (SPY).
GGRW and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGRW or SPY.
Correlation
The correlation between GGRW and SPY is 0.85, 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. SPY - Performance Comparison
Key characteristics
GGRW:
1.67
SPY:
1.81
GGRW:
2.26
SPY:
2.43
GGRW:
1.29
SPY:
1.33
GGRW:
1.80
SPY:
2.74
GGRW:
9.53
SPY:
11.36
GGRW:
3.43%
SPY:
2.03%
GGRW:
19.58%
SPY:
12.74%
GGRW:
-50.28%
SPY:
-55.19%
GGRW:
-0.94%
SPY:
-0.73%
Returns By Period
In the year-to-date period, GGRW achieves a 6.93% return, which is significantly higher than SPY's 3.28% return.
GGRW
6.93%
6.20%
19.67%
32.13%
N/A
N/A
SPY
3.28%
4.28%
12.39%
22.37%
14.20%
13.17%
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GGRW vs. SPY - Expense Ratio Comparison
GGRW has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GGRW vs. SPY — Risk-Adjusted Performance Rank
GGRW
SPY
GGRW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Growth Innovators ETF (GGRW) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
GGRW has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GGRW vs. SPY - Drawdown Comparison
The maximum GGRW drawdown since its inception was -50.28%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GGRW and SPY. For additional features, visit the drawdowns tool.
Volatility
GGRW vs. SPY - Volatility Comparison
Gabelli Growth Innovators ETF (GGRW) has a higher volatility of 6.66% compared to SPDR S&P 500 ETF (SPY) at 3.41%. This indicates that GGRW's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.