GGRW vs. TDVG

Last updated Jun 26, 2026

GGRW (Gabelli Growth Innovators ETF) and TDVG (T. Rowe Price Dividend Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past 5 years, GGRW returned 8.03%/yr vs 10.17%/yr for TDVG. A 0.68 correlation means they provide meaningful diversification when combined. GGRW charges 0.90%/yr vs 0.50%/yr for TDVG.

Performance

GGRW vs. TDVG - Performance Comparison

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

Returns By Period

In the year-to-date period, GGRW achieves a 4.00% return, which is significantly lower than TDVG's 8.44% return.

GGRW

• 1D: 0.47%
• 1M: -1.82%
• YTD: 4.00%
• 6M: 2.91%
• 1Y: 12.08%
• 3Y*: 25.73%
• 5Y*: 8.03%
• 10Y*: —

TDVG

• 1D: 0.16%
• 1M: 1.33%
• YTD: 8.44%
• 6M: 7.27%
• 1Y: 17.50%
• 3Y*: 15.63%
• 5Y*: 10.17%
• 10Y*: —

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

GGRW vs. TDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GGRW Gabelli Growth Innovators ETF	4.00%	18.29%	41.78%	42.19%	-43.92%	5.40%
TDVG T. Rowe Price Dividend Growth ETF	8.44%	14.80%	13.45%	13.95%	-10.15%	23.34%

Correlation

The correlation between GGRW and TDVG is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Feb 16, 2021	0.68

The correlation between GGRW and TDVG has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

GGRW vs. TDVG - Sectors Allocation Comparison

Sectors	GGRW	TDVG
Technology	38.0%	26.2%
Communication Services	13.5%	1.0%
Industrials	11.8%	13.6%
Consumer Cyclical	9.6%	7.2%
Financial Services	9.5%	19.3%
Healthcare	7.8%	12.4%
Utilities	4.3%	3.8%
Basic Materials	1.2%	2.8%
Consumer Defensive	0.6%	6.9%
Energy	-	5.3%
Real Estate	-	1.6%

Return for Risk

GGRW vs. TDVG — Risk / Return Rank

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

GGRW

GGRW Risk / Return Rank: 23
GGRW Sharpe Ratio Rank: 23
GGRW Sortino Ratio Rank: 22
GGRW Omega Ratio Rank: 22
GGRW Calmar Ratio Rank: 21
GGRW Martin Ratio Rank: 27

TDVG

TDVG Risk / Return Rank: 62
TDVG Sharpe Ratio Rank: 64
TDVG Sortino Ratio Rank: 65
TDVG Omega Ratio Rank: 61
TDVG Calmar Ratio Rank: 57
TDVG Martin Ratio Rank: 63

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. TDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Growth Innovators ETF (GGRW) and T. Rowe Price Dividend Growth ETF (TDVG). 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	TDVG	Difference
Sharpe ratio: Return per unit of total volatility	0.78	1.81	-1.03
Sortino ratio: Return per unit of downside risk	1.15	2.59	-1.44
Omega ratio: Gain probability vs. loss probability	1.14	1.32	-0.18
Calmar ratio: Return relative to maximum drawdown	0.92	2.43	-1.51
Martin ratio: Return relative to average drawdown	3.41	9.97	-6.56

GGRW vs. TDVG - Sharpe Ratio Comparison

The current GGRW Sharpe Ratio is 0.78, which is lower than the TDVG Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of GGRW and TDVG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GGRW vs. TDVG - Drawdown Comparison

The maximum GGRW drawdown since its inception was -50.28%, which is greater than TDVG's maximum drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for GGRW and TDVG.

Drawdown Indicators

	GGRW	TDVG	Difference
Max Drawdown Largest peak-to-trough decline	-50.28%	-19.20%	-31.08%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-7.24%	-5.95%
Max Drawdown (3Y) Largest decline over 3 years	-20.53%	-14.02%	-6.51%
Max Drawdown (5Y) Largest decline over 5 years	-50.28%	-19.20%	-31.08%
Current Drawdown Current decline from peak	-3.06%	-0.45%	-2.61%
Average Drawdown Average peak-to-trough decline	-17.20%	-3.72%	-13.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.55%	1.76%	+1.79%

Volatility

GGRW vs. TDVG - Volatility Comparison

Gabelli Growth Innovators ETF (GGRW) has a higher volatility of 6.23% compared to T. Rowe Price Dividend Growth ETF (TDVG) at 2.70%. This indicates that GGRW's price experiences larger fluctuations and is considered to be riskier than TDVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGRW	TDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.23%	2.70%	+3.53%
Volatility (6M) Calculated over the trailing 6-month period	12.64%	7.58%	+5.06%
Volatility (1Y) Calculated over the trailing 1-year period	15.63%	9.73%	+5.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.43%	13.92%	+11.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.48%	13.89%	+11.59%

GGRW vs. TDVG - Expense Ratio Comparison

GGRW has a 0.90% expense ratio, which is higher than TDVG's 0.50% expense ratio.

Dividends

GGRW vs. TDVG - Dividend Comparison

GGRW's dividend yield for the trailing twelve months is around 0.41%, less than TDVG's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GGRW Gabelli Growth Innovators ETF	0.41%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%
TDVG T. Rowe Price Dividend Growth ETF	0.98%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%

Frequently Asked Questions

Can I hold both GGRW and TDVG in my portfolio?

GGRW and TDVG have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGRW or TDVG?

GGRW has higher volatility (6.23%) compared to TDVG (2.70%). In terms of maximum drawdown, GGRW dropped -50.28% vs TDVG's -19.20%.

Which ETF is better, GGRW or TDVG?

On 5-year performance, TDVG leads with 10.17% vs 8.03% for GGRW. On fees, TDVG is cheaper at 0.50% per year. On volatility, TDVG has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGRW or TDVG?

Over the 5-year period, TDVG has performed better with a 10.17% return vs 8.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGRW or TDVG?

TDVG is cheaper with a 0.50% expense ratio, compared with 0.90% for GGRW.

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

TDVG has the higher dividend yield at 0.98%, compared with 0.41% for GGRW.

What is the main difference between GGRW and TDVG?

They also come from different issuers: GAMCO Investors, Inc. and T. Rowe Price. Their fees differ too: 0.90% for GGRW and 0.50% for TDVG.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.81 vs 0.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.