GRRR vs. SPY
GRRR (Gorilla Technology Group Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 3 years, GRRR returned -27.63%/yr vs 20.07%/yr for SPY. At a 0.18 correlation, their price movements are largely independent.
Performance
GRRR vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, GRRR achieves a 51.01% return, which is significantly higher than SPY's 10.45% return.
GRRR
- 1D
- -8.13%
- 1M
- -5.23%
- 6M
- 33.41%
- YTD
- 51.01%
- 1Y
- -18.53%
- 3Y*
- -27.63%
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- -0.77%
- 1M
- 1.26%
- 6M
- 8.34%
- YTD
- 10.45%
- 1Y
- 21.46%
- 3Y*
- 20.07%
- 5Y*
- 12.94%
- 10Y*
- 15.08%
GRRR vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GRRR Gorilla Technology Group Inc. | 51.01% | -39.53% | 234.82% | -93.35% | -45.75% |
SPY State Street SPDR S&P 500 ETF | 10.45% | 17.72% | 24.89% | 26.18% | 1.83% |
Correlation
The correlation between GRRR and SPY is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.18 |
Over the past year, GRRR and SPY have become more correlated (0.43) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
GRRR vs. SPY — Risk / Return Rank
GRRR
SPY
GRRR vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gorilla Technology Group Inc. (GRRR) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.31 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 2.43 | -2.76 |
| Martin ratioReturn relative to average drawdown | -0.57 | 10.57 | -11.14 |
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Drawdowns
GRRR vs. SPY - Drawdown Comparison
The maximum GRRR drawdown since its inception was -99.38%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GRRR and SPY.
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Drawdown Indicators
| GRRR | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.38% | -55.19% | -44.19% |
Max Drawdown (1Y)Largest decline over 1 year | -55.91% | -8.88% | -47.03% |
Max Drawdown (3Y)Largest decline over 3 years | -94.85% | -18.76% | -76.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -95.45% | -1.12% | -94.33% |
Average DrawdownAverage peak-to-trough decline | -91.99% | -9.02% | -82.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.57% | 2.03% | +30.54% |
Volatility
GRRR vs. SPY - Volatility Comparison
Gorilla Technology Group Inc. (GRRR) has a higher volatility of 21.30% compared to State Street SPDR S&P 500 ETF (SPY) at 4.26%. This indicates that GRRR's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRRR | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.30% | 4.26% | +17.04% |
Volatility (6M)Calculated over the trailing 6-month period | 58.47% | 10.01% | +48.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.52% | 12.60% | +62.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 162.36% | 17.17% | +145.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 162.36% | 17.93% | +144.43% |
Dividends
GRRR vs. SPY - Dividend Comparison
GRRR has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.00%.
| 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% |
SPY State Street SPDR S&P 500 ETF | 1.00% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
GRRR and SPY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRRR has higher volatility (21.30%) compared to SPY (4.26%). In terms of maximum drawdown, GRRR dropped -99.38% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.71 vs -0.25), 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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