GGTL vs. IVES

Last updated Jun 21, 2026

GGTL (Gabelli Global Technology Leaders ETF) and IVES (Dan IVES Wedbush AI Revolution ETF) are both Technology Equities funds. GGTL is actively managed, while IVES is passively managed. Over the past year, GGTL returned 47.47% vs 47.66% for IVES. A 0.74 correlation means they provide meaningful diversification when combined. GGTL charges 0.90%/yr vs 0.75%/yr for IVES.

Performance

GGTL vs. IVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Global Technology Leaders ETF (GGTL) and Dan IVES Wedbush AI Revolution ETF (IVES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGTL achieves a 28.39% return, which is significantly higher than IVES's 20.31% return.

GGTL

• 1D: 3.11%
• 1M: 9.20%
• YTD: 28.39%
• 6M: 29.22%
• 1Y: 47.47%
• 3Y*: 22.42%
• 5Y*: —
• 10Y*: —

IVES

• 1D: 1.77%
• 1M: 2.51%
• YTD: 20.31%
• 6M: 19.00%
• 1Y: 47.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GGTL vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
GGTL Gabelli Global Technology Leaders ETF	28.39%	15.79%
IVES Dan IVES Wedbush AI Revolution ETF	20.31%	25.11%

Correlation

The correlation between GGTL and IVES is 0.73, 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	0.73
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.74

The correlation between GGTL and IVES has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.

GGTL vs. IVES - Sectors Allocation Comparison

Sectors	GGTL	IVES
Technology	55.5%	71.8%
Communication Services	2.9%	10.9%
Consumer Cyclical	0.9%	11.0%
Industrials	0.1%	3.1%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	1.9%
Healthcare	-	-
Real Estate	-	-
Utilities	-	1.3%

Return for Risk

GGTL vs. IVES — Risk / Return Rank

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

GGTL

GGTL Risk / Return Rank: 82
GGTL Sharpe Ratio Rank: 81
GGTL Sortino Ratio Rank: 77
GGTL Omega Ratio Rank: 80
GGTL Calmar Ratio Rank: 89
GGTL Martin Ratio Rank: 86

IVES

IVES Risk / Return Rank: 46
IVES Sharpe Ratio Rank: 52
IVES Sortino Ratio Rank: 47
IVES Omega Ratio Rank: 47
IVES Calmar Ratio Rank: 43
IVES Martin Ratio Rank: 38

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. IVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Technology Leaders ETF (GGTL) and Dan IVES Wedbush AI Revolution ETF (IVES). 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.

	GGTL	IVES	Difference
Sharpe ratio: Return per unit of total volatility	2.48	1.73	+0.75
Sortino ratio: Return per unit of downside risk	3.27	2.25	+1.01
Omega ratio: Gain probability vs. loss probability	1.45	1.29	+0.16
Calmar ratio: Return relative to maximum drawdown	5.08	2.06	+3.02
Martin ratio: Return relative to average drawdown	17.43	5.66	+11.77

GGTL vs. IVES - Sharpe Ratio Comparison

The current GGTL Sharpe Ratio is 2.48, which is higher than the IVES Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of GGTL and IVES, 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

GGTL vs. IVES - Drawdown Comparison

The maximum GGTL drawdown since its inception was -23.65%, roughly equal to the maximum IVES drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for GGTL and IVES.

Drawdown Indicators

	GGTL	IVES	Difference
Max Drawdown Largest peak-to-trough decline	-23.65%	-22.64%	-1.01%
Max Drawdown (1Y) Largest decline over 1 year	-9.20%	-22.64%	+13.44%
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	—	—
Current Drawdown Current decline from peak	-0.46%	-8.87%	+8.41%
Average Drawdown Average peak-to-trough decline	-7.41%	-5.79%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	8.22%	-5.54%

Volatility

GGTL vs. IVES - Volatility Comparison

The current volatility for Gabelli Global Technology Leaders ETF (GGTL) is 9.99%, while Dan IVES Wedbush AI Revolution ETF (IVES) has a volatility of 11.65%. This indicates that GGTL experiences smaller price fluctuations and is considered to be less risky than IVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGTL	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.99%	11.65%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	16.14%	21.52%	-5.38%
Volatility (1Y) Calculated over the trailing 1-year period	18.85%	26.96%	-8.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.06%	26.61%	-8.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	26.61%	-8.55%

GGTL vs. IVES - Expense Ratio Comparison

GGTL has a 0.90% expense ratio, which is higher than IVES's 0.75% expense ratio.

Dividends

GGTL vs. IVES - Dividend Comparison

GGTL's dividend yield for the trailing twelve months is around 0.81%, more than IVES's 0.34% yield.

Position	TTM	2025	2024	2023	2022
GGTL Gabelli Global Technology Leaders ETF	0.81%	1.04%	0.75%	0.84%	0.78%
IVES Dan IVES Wedbush AI Revolution ETF	0.34%	0.41%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GGTL and IVES in my portfolio?

GGTL and IVES have a correlation of 0.73, 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 IVES?

IVES has higher volatility (11.65%) compared to GGTL (9.99%). In terms of maximum drawdown, GGTL dropped -23.65% vs IVES's -22.64%.

Which ETF is better, GGTL or IVES?

On 1-year performance, IVES leads with 47.66% vs 47.47% for GGTL. On fees, IVES is cheaper at 0.75% per year. On volatility, GGTL has been the lower-risk option at 9.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGTL or IVES?

Over the 1-year period, IVES has performed better with a 47.66% return vs 47.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGTL or IVES?

IVES is cheaper with a 0.75% expense ratio, compared with 0.90% for GGTL.

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

GGTL has the higher dividend yield at 0.81%, compared with 0.34% for IVES.

What is the main difference between GGTL and IVES?

They also come from different issuers: Gabelli and Wedbush. Their fees differ too: 0.90% for GGTL and 0.75% for IVES.

Which has better risk-adjusted returns?

GGTL currently has the higher Sharpe Ratio (2.48 vs 1.73), 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.