GGTL vs. QTUM

Last updated Jun 6, 2026

GGTL (Gabelli Global Technology Leaders ETF) and QTUM (Defiance Quantum ETF) are both Technology Equities funds. GGTL is actively managed, while QTUM is passively managed. Over the past 3 years, GGTL returned 21.07%/yr vs 47.30%/yr for QTUM. A 0.78 correlation means they provide meaningful diversification when combined. GGTL charges 0.90%/yr vs 0.40%/yr for QTUM.

Performance

GGTL vs. QTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Global Technology Leaders ETF (GGTL) and Defiance Quantum ETF (QTUM). 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 QTUM's 39.60% return.

GGTL

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

QTUM

• 1D: -8.23%
• 1M: 6.35%
• YTD: 39.60%
• 6M: 35.74%
• 1Y: 78.64%
• 3Y*: 47.30%
• 5Y*: 26.76%
• 10Y*: —

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

GGTL vs. QTUM - 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%
QTUM Defiance Quantum ETF	39.60%	36.65%	50.54%	39.86%	-27.26%

Correlation

The correlation between GGTL and QTUM 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	0.73
Correlation (All Time) Calculated using the full available price history since Jan 6, 2022	0.78

The correlation between GGTL and QTUM has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

Return for Risk

GGTL vs. QTUM — 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

QTUM

QTUM Risk / Return Rank: 84
QTUM Sharpe Ratio Rank: 88
QTUM Sortino Ratio Rank: 77
QTUM Omega Ratio Rank: 79
QTUM Calmar Ratio Rank: 89
QTUM Martin Ratio Rank: 89

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. QTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Technology Leaders ETF (GGTL) and Defiance Quantum ETF (QTUM). 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	QTUM	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.87	-0.60
Sortino ratio: Return per unit of downside risk	3.00	3.35	-0.35
Omega ratio: Gain probability vs. loss probability	1.42	1.46	-0.04
Calmar ratio: Return relative to maximum drawdown	4.40	5.18	-0.79
Martin ratio: Return relative to average drawdown	16.24	19.32	-3.09
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. QTUM - Sharpe Ratio Comparison

The current GGTL Sharpe Ratio is 2.27, which is comparable to the QTUM Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of GGTL and QTUM, 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	QTUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	2.87	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	1.01	-0.38

Drawdowns

GGTL vs. QTUM - Drawdown Comparison

The maximum GGTL drawdown since its inception was -23.65%, smaller than the maximum QTUM drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for GGTL and QTUM.

Drawdown Indicators

	GGTL	QTUM	Difference
Max Drawdown Largest peak-to-trough decline	-23.65%	-38.45%	+14.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.20%	-15.26%	+6.06%
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	-25.39%	+3.93%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.45%	—
Current Drawdown Current decline from peak	-6.04%	-9.47%	+3.43%
Average Drawdown Average peak-to-trough decline	-7.43%	-8.25%	+0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	4.08%	-1.60%

Volatility

GGTL vs. QTUM - Volatility Comparison

The current volatility for Gabelli Global Technology Leaders ETF (GGTL) is 8.93%, while Defiance Quantum ETF (QTUM) has a volatility of 13.29%. This indicates that GGTL experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGTL	QTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.93%	13.29%	-4.36%
Volatility (6M) Calculated over the trailing 6-month period	14.90%	22.13%	-7.23%
Volatility (1Y) Calculated over the trailing 1-year period	17.83%	27.61%	-9.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.89%	26.81%	-8.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	27.32%	-9.43%

GGTL vs. QTUM - Expense Ratio Comparison

GGTL has a 0.90% expense ratio, which is higher than QTUM's 0.40% expense ratio.

Dividends

GGTL vs. QTUM - Dividend Comparison

GGTL's dividend yield for the trailing twelve months is around 0.86%, more than QTUM's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GGTL Gabelli Global Technology Leaders ETF	0.86%	1.04%	0.75%	0.84%	0.78%	0.00%	0.00%	0.00%	0.00%
QTUM Defiance Quantum ETF	0.77%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%

Frequently Asked Questions

Can I hold both GGTL and QTUM in my portfolio?

GGTL and QTUM 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 QTUM?

QTUM has higher volatility (13.29%) compared to GGTL (8.93%). In terms of maximum drawdown, GGTL dropped -23.65% vs QTUM's -38.45%.

Which ETF is better, GGTL or QTUM?

On 3-year performance, QTUM leads with 47.30% vs 21.07% for GGTL. On fees, QTUM is cheaper at 0.40% 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 QTUM?

Over the 3-year period, QTUM has performed better with a 47.30% 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 QTUM?

QTUM is cheaper with a 0.40% expense ratio, compared with 0.90% for GGTL.

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

GGTL has the higher dividend yield at 0.86%, compared with 0.77% for QTUM.

What is the main difference between GGTL and QTUM?

They also come from different issuers: Gabelli and Defiance. Their fees differ too: 0.90% for GGTL and 0.40% for QTUM.

Which has better risk-adjusted returns?

QTUM currently has the higher Sharpe Ratio (2.87 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.