GGTL vs. FTEC

Last updated Jun 6, 2026

GGTL (Gabelli Global Technology Leaders ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both Technology Equities funds. GGTL is actively managed, while FTEC is passively managed. Over the past 3 years, GGTL returned 21.07%/yr vs 30.92%/yr for FTEC. A 0.76 correlation means they provide meaningful diversification when combined. GGTL charges 0.90%/yr vs 0.08%/yr for FTEC.

Performance

GGTL vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Global Technology Leaders ETF (GGTL) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGTL achieves a 21.20% return, which is significantly lower than FTEC's 22.67% return.

GGTL

• 1D: -5.78%
• 1M: 5.30%
• YTD: 21.20%
• 6M: 21.08%
• 1Y: 40.24%
• 3Y*: 21.07%
• 5Y*: —
• 10Y*: —

FTEC

• 1D: -6.17%
• 1M: 5.28%
• YTD: 22.67%
• 6M: 20.49%
• 1Y: 49.74%
• 3Y*: 30.92%
• 5Y*: 20.72%
• 10Y*: 24.60%

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

GGTL vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GGTL Gabelli Global Technology Leaders ETF	21.20%	19.78%	11.07%	18.17%	-15.92%
FTEC Fidelity MSCI Information Technology Index ETF	22.67%	22.11%	29.40%	53.30%	-26.86%

Correlation

The correlation between GGTL and FTEC is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jan 6, 2022	0.76

The correlation between GGTL and FTEC has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.

Return for Risk

GGTL vs. FTEC — Risk / Return Rank

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

GGTL

GGTL Risk / Return Rank: 80
GGTL Sharpe Ratio Rank: 78
GGTL Sortino Ratio Rank: 75
GGTL Omega Ratio Rank: 78
GGTL Calmar Ratio Rank: 86
GGTL Martin Ratio Rank: 85

FTEC

FTEC Risk / Return Rank: 64
FTEC Sharpe Ratio Rank: 73
FTEC Sortino Ratio Rank: 62
FTEC Omega Ratio Rank: 66
FTEC Calmar Ratio Rank: 63
FTEC Martin Ratio Rank: 57

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.

GGTL vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Technology Leaders ETF (GGTL) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.

	GGTL	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.32	-0.05
Sortino ratio: Return per unit of downside risk	3.00	2.86	+0.14
Omega ratio: Gain probability vs. loss probability	1.42	1.39	+0.03
Calmar ratio: Return relative to maximum drawdown	4.40	3.07	+1.32
Martin ratio: Return relative to average drawdown	16.24	9.83	+6.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GGTL vs. FTEC - Sharpe Ratio Comparison

The current GGTL Sharpe Ratio is 2.27, which is comparable to the FTEC Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of GGTL and FTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GGTL	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	2.32	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.95	-0.32

Drawdowns

GGTL vs. FTEC - Drawdown Comparison

The maximum GGTL drawdown since its inception was -23.65%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for GGTL and FTEC.

Drawdown Indicators

	GGTL	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-23.65%	-34.95%	+11.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.20%	-16.26%	+7.06%
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	-27.30%	+5.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.95%	—
Current Drawdown Current decline from peak	-6.04%	-8.38%	+2.34%
Average Drawdown Average peak-to-trough decline	-7.43%	-5.56%	-1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	5.08%	-2.60%

Volatility

GGTL vs. FTEC - Volatility Comparison

Gabelli Global Technology Leaders ETF (GGTL) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 8.93% and 9.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGTL	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.93%	9.34%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	14.90%	17.44%	-2.54%
Volatility (1Y) Calculated over the trailing 1-year period	17.83%	21.57%	-3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.89%	25.36%	-7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	24.77%	-6.88%

GGTL vs. FTEC - Expense Ratio Comparison

GGTL has a 0.90% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

GGTL vs. FTEC - Dividend Comparison

GGTL's dividend yield for the trailing twelve months is around 0.86%, more than FTEC's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.34%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
GGTL Gabelli Global Technology Leaders ETF	0.86%	1.04%	0.75%	0.84%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GGTL and FTEC in my portfolio?

GGTL and FTEC have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGTL or FTEC?

FTEC has higher volatility (9.34%) compared to GGTL (8.93%). In terms of maximum drawdown, GGTL dropped -23.65% vs FTEC's -34.95%.

Which ETF is better, GGTL or FTEC?

On 3-year performance, FTEC leads with 30.92% vs 21.07% for GGTL. On fees, FTEC is cheaper at 0.08% per year. On volatility, GGTL has been the lower-risk option at 8.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGTL or FTEC?

Over the 3-year period, FTEC has performed better with a 30.92% return vs 21.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGTL or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.90% for GGTL.

Which ETF pays a higher dividend yield, GGTL or FTEC?

GGTL has the higher dividend yield at 0.86%, compared with 0.34% for FTEC.

What is the main difference between GGTL and FTEC?

They also come from different issuers: Gabelli and Fidelity. Their fees differ too: 0.90% for GGTL and 0.08% for FTEC.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.32 vs 2.27), 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.