GGRW vs. WDIV
Compare and contrast key facts about Gabelli Growth Innovators ETF (GGRW) and SPDR S&P Global Dividend ETF (WDIV).
GGRW and WDIV 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. WDIV is a passively managed fund by State Street that tracks the performance of the S&P Global Dividend Aristocrats Index sp_43. It was launched on May 29, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGRW or WDIV.
Key characteristics
| GGRW | WDIV | |
|---|---|---|
| YTD Return | 23.69% | 3.26% |
| 1Y Return | 52.17% | 10.66% |
| 3Y Return (Ann) | 5.42% | 0.75% |
| Sharpe Ratio | 2.99 | 0.72 |
| Daily Std Dev | 17.44% | 12.75% |
| Max Drawdown | -50.28% | -42.35% |
| Current Drawdown | -9.83% | -0.17% |
Correlation
The correlation between GGRW and WDIV is 0.49, 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. WDIV - Performance Comparison
In the year-to-date period, GGRW achieves a 23.69% return, which is significantly higher than WDIV's 3.26% 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. WDIV - Expense Ratio Comparison
GGRW has a 0.90% expense ratio, which is higher than WDIV's 0.40% expense ratio.
Risk-Adjusted Performance
GGRW vs. WDIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Growth Innovators ETF (GGRW) and SPDR S&P Global Dividend ETF (WDIV). 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. WDIV - Dividend Comparison
GGRW has not paid dividends to shareholders, while WDIV's dividend yield for the trailing twelve months is around 4.59%.
| 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% |
WDIV SPDR S&P Global Dividend ETF | 4.59% | 4.73% | 5.12% | 4.15% | 5.55% | 3.99% | 4.42% | 3.62% | 4.32% | 5.03% | 4.73% | 2.17% |
Drawdowns
GGRW vs. WDIV - Drawdown Comparison
The maximum GGRW drawdown since its inception was -50.28%, which is greater than WDIV's maximum drawdown of -42.35%. Use the drawdown chart below to compare losses from any high point for GGRW and WDIV. For additional features, visit the drawdowns tool.
Volatility
GGRW vs. WDIV - Volatility Comparison
Gabelli Growth Innovators ETF (GGRW) has a higher volatility of 6.42% compared to SPDR S&P Global Dividend ETF (WDIV) at 2.54%. This indicates that GGRW's price experiences larger fluctuations and is considered to be riskier than WDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.