GTEC vs. IWY
Compare and contrast key facts about Greenland Technologies Holding Corporation (GTEC) and iShares Russell Top 200 Growth ETF (IWY).
IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GTEC or IWY.
Correlation
The correlation between GTEC and IWY is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GTEC vs. IWY - Performance Comparison
Key characteristics
GTEC:
-0.45
IWY:
1.61
GTEC:
-0.23
IWY:
2.15
GTEC:
0.97
IWY:
1.29
GTEC:
-0.45
IWY:
2.13
GTEC:
-0.90
IWY:
7.78
GTEC:
45.83%
IWY:
3.80%
GTEC:
91.63%
IWY:
18.36%
GTEC:
-92.49%
IWY:
-32.68%
GTEC:
-87.70%
IWY:
-0.94%
Returns By Period
In the year-to-date period, GTEC achieves a 0.52% return, which is significantly lower than IWY's 2.93% return.
GTEC
0.52%
4.28%
-13.33%
-47.15%
-8.55%
N/A
IWY
2.93%
2.45%
13.78%
28.02%
19.00%
17.84%
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Risk-Adjusted Performance
GTEC vs. IWY — Risk-Adjusted Performance Rank
GTEC
IWY
GTEC vs. IWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Greenland Technologies Holding Corporation (GTEC) and iShares Russell Top 200 Growth ETF (IWY). 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.
Dividends
GTEC vs. IWY - Dividend Comparison
GTEC has not paid dividends to shareholders, while IWY's dividend yield for the trailing twelve months is around 0.41%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTEC Greenland Technologies Holding Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWY iShares Russell Top 200 Growth ETF | 0.41% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% |
Drawdowns
GTEC vs. IWY - Drawdown Comparison
The maximum GTEC drawdown since its inception was -92.49%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for GTEC and IWY. For additional features, visit the drawdowns tool.
Volatility
GTEC vs. IWY - Volatility Comparison
Greenland Technologies Holding Corporation (GTEC) has a higher volatility of 31.15% compared to iShares Russell Top 200 Growth ETF (IWY) at 5.42%. This indicates that GTEC's price experiences larger fluctuations and is considered to be riskier than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.