GGTL vs. PSCT
GGTL (Gabelli Global Technology Leaders ETF) and PSCT (Invesco S&P SmallCap Information Technology ETF) are both Technology Equities funds. GGTL is actively managed, while PSCT is passively managed. Over the past 3 years, GGTL returned 21.07%/yr vs 20.42%/yr for PSCT. Their correlation of 0.84 suggests significant overlap in exposure. GGTL charges 0.90%/yr vs 0.29%/yr for PSCT.
Performance
GGTL vs. PSCT - Performance Comparison
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Returns By Period
In the year-to-date period, GGTL achieves a 21.20% return, which is significantly lower than PSCT's 43.09% return.
GGTL
- 1D
- -5.78%
- 1M
- 5.30%
- YTD
- 21.20%
- 6M
- 21.08%
- 1Y
- 40.24%
- 3Y*
- 21.07%
- 5Y*
- —
- 10Y*
- —
PSCT
- 1D
- -7.54%
- 1M
- 3.09%
- YTD
- 43.09%
- 6M
- 38.33%
- 1Y
- 84.98%
- 3Y*
- 20.42%
- 5Y*
- 12.15%
- 10Y*
- 15.68%
GGTL vs. PSCT - 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% |
PSCT Invesco S&P SmallCap Information Technology ETF | 43.09% | 18.63% | -1.06% | 20.81% | -20.32% |
Correlation
The correlation between GGTL and PSCT 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 | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2022 | 0.84 |
The correlation between GGTL and PSCT has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
GGTL vs. PSCT — Risk / Return Rank
GGTL
PSCT
GGTL vs. PSCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Technology Leaders ETF (GGTL) and Invesco S&P SmallCap Information Technology ETF (PSCT). 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 | PSCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 5.77 | -1.38 |
| Martin ratioReturn relative to average drawdown | 16.24 | 24.09 | -7.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GGTL | PSCT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 2.78 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.60 | +0.03 |
Drawdowns
GGTL vs. PSCT - Drawdown Comparison
The maximum GGTL drawdown since its inception was -23.65%, smaller than the maximum PSCT drawdown of -40.44%. Use the drawdown chart below to compare losses from any high point for GGTL and PSCT.
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Drawdown Indicators
| GGTL | PSCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.65% | -40.44% | +16.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -14.80% | +5.60% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -33.96% | +12.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.44% | — |
Current DrawdownCurrent decline from peak | -6.04% | -8.29% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -7.90% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 3.54% | -1.06% |
Volatility
GGTL vs. PSCT - Volatility Comparison
The current volatility for Gabelli Global Technology Leaders ETF (GGTL) is 8.93%, while Invesco S&P SmallCap Information Technology ETF (PSCT) has a volatility of 12.14%. This indicates that GGTL experiences smaller price fluctuations and is considered to be less risky than PSCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGTL | PSCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.93% | 12.14% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 22.48% | -7.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 30.71% | -12.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 27.87% | -9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.89% | 26.77% | -8.88% |
GGTL vs. PSCT - Expense Ratio Comparison
GGTL has a 0.90% expense ratio, which is higher than PSCT's 0.29% expense ratio.
Dividends
GGTL vs. PSCT - Dividend Comparison
GGTL's dividend yield for the trailing twelve months is around 0.86%, more than PSCT's 0.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PSCT Invesco S&P SmallCap Information Technology ETF | 0.02% | 0.02% | 0.01% | 0.02% | 0.00% | 0.01% | 0.08% | 0.22% | 0.47% | 0.19% | 0.25% | 0.15% |
Frequently Asked Questions
GGTL and PSCT 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.
PSCT has higher volatility (12.14%) compared to GGTL (8.93%). In terms of maximum drawdown, GGTL dropped -23.65% vs PSCT's -40.44%.
On 3-year performance, GGTL leads with 21.07% vs 20.42% for PSCT. On fees, PSCT is cheaper at 0.29% 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.
Over the 3-year period, GGTL has performed better with a 21.07% return vs 20.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCT is cheaper with a 0.29% expense ratio, compared with 0.90% for GGTL.
GGTL has the higher dividend yield at 0.86%, compared with 0.02% for PSCT.
They also come from different issuers: Gabelli and Invesco. Their fees differ too: 0.90% for GGTL and 0.29% for PSCT.
PSCT currently has the higher Sharpe Ratio (2.78 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.
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