GRRR vs. IGM
GRRR (Gorilla Technology Group Inc.) is a stock, while IGM (iShares Expanded Tech Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Sector Index. Over the past 3 years, GRRR returned -0.38%/yr vs 35.37%/yr for IGM. At a 0.18 correlation, their price movements are largely independent.
Performance
GRRR vs. IGM - Performance Comparison
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Returns By Period
In the year-to-date period, GRRR achieves a 59.34% return, which is significantly higher than IGM's 23.42% return.
GRRR
- 1D
- -2.14%
- 1M
- 25.54%
- YTD
- 59.34%
- 6M
- 26.64%
- 1Y
- -15.49%
- 3Y*
- -0.38%
- 5Y*
- —
- 10Y*
- —
IGM
- 1D
- 0.69%
- 1M
- 3.04%
- YTD
- 23.42%
- 6M
- 23.24%
- 1Y
- 48.57%
- 3Y*
- 35.37%
- 5Y*
- 20.09%
- 10Y*
- 24.57%
GRRR vs. IGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GRRR Gorilla Technology Group Inc. | 59.34% | -39.53% | 234.82% | -93.35% | -45.75% |
IGM iShares Expanded Tech Sector ETF | 23.42% | 26.76% | 36.99% | 60.68% | -5.80% |
Correlation
The correlation between GRRR and IGM is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.18 |
Over the past year, GRRR and IGM have become more correlated (0.46) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
GRRR vs. IGM — Risk / Return Rank
GRRR
IGM
GRRR vs. IGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gorilla Technology Group Inc. (GRRR) and iShares Expanded Tech Sector ETF (IGM). 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.
| GRRR | IGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.97 | -3.22 |
| Martin ratioReturn relative to average drawdown | -0.38 | 10.06 | -10.44 |
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Drawdowns
GRRR vs. IGM - Drawdown Comparison
The maximum GRRR drawdown since its inception was -99.38%, which is greater than IGM's maximum drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for GRRR and IGM.
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Drawdown Indicators
| GRRR | IGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.38% | -65.59% | -33.79% |
Max Drawdown (1Y)Largest decline over 1 year | -62.45% | -16.44% | -46.01% |
Max Drawdown (3Y)Largest decline over 3 years | -96.27% | -26.39% | -69.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.68% | — |
Current DrawdownCurrent decline from peak | -95.20% | -6.80% | -88.40% |
Average DrawdownAverage peak-to-trough decline | -91.93% | -15.22% | -76.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.22% | 4.84% | +36.38% |
Volatility
GRRR vs. IGM - Volatility Comparison
Gorilla Technology Group Inc. (GRRR) has a higher volatility of 33.91% compared to iShares Expanded Tech Sector ETF (IGM) at 10.03%. This indicates that GRRR's price experiences larger fluctuations and is considered to be riskier than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRRR | IGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.91% | 10.03% | +23.88% |
Volatility (6M)Calculated over the trailing 6-month period | 59.91% | 18.11% | +41.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.88% | 21.98% | +65.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 163.67% | 25.91% | +137.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 163.67% | 24.66% | +139.01% |
Dividends
GRRR vs. IGM - Dividend Comparison
GRRR has not paid dividends to shareholders, while IGM's dividend yield for the trailing twelve months is around 0.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRRR Gorilla Technology Group Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGM iShares Expanded Tech Sector ETF | 0.13% | 0.17% | 0.22% | 0.33% | 0.66% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% |
Frequently Asked Questions
GRRR and IGM have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRRR has higher volatility (33.91%) compared to IGM (10.03%). In terms of maximum drawdown, GRRR dropped -99.38% vs IGM's -65.59%.
IGM currently has the higher Sharpe Ratio (2.22 vs -0.18), 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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