GTEC vs. IWY

Last updated Jun 6, 2026

GTEC (Greenland Technologies Holding Corporation) is a stock, while IWY (iShares Russell Top 200 Growth ETF) is Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index. Over the past 5 years, GTEC returned -40.59%/yr vs 15.76%/yr for IWY. At a 0.14 correlation, their price movements are largely independent.

Performance

GTEC vs. IWY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Greenland Technologies Holding Corporation (GTEC) and iShares Russell Top 200 Growth ETF (IWY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTEC achieves a 6.04% return, which is significantly higher than IWY's 4.09% return.

GTEC

• 1D: -1.53%
• 1M: 6.61%
• YTD: 6.04%
• 6M: -38.69%
• 1Y: -67.67%
• 3Y*: -28.39%
• 5Y*: -40.59%
• 10Y*: —

IWY

• 1D: -3.23%
• 1M: 0.51%
• YTD: 4.09%
• 6M: 3.11%
• 1Y: 23.50%
• 3Y*: 24.28%
• 5Y*: 15.76%
• 10Y*: 19.21%

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

GTEC vs. IWY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GTEC Greenland Technologies Holding Corporation	6.04%	-68.41%	-30.47%	27.98%	-66.10%	-11.19%	44.80%	-49.49%	2.48%
IWY iShares Russell Top 200 Growth ETF	4.09%	18.19%	34.89%	46.49%	-29.91%	31.05%	39.01%	36.20%	-12.60%

Correlation

The correlation between GTEC and IWY is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Aug 9, 2018	0.14

Return for Risk

GTEC vs. IWY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GTEC

GTEC Risk / Return Rank: 10
GTEC Sharpe Ratio Rank: 12
GTEC Sortino Ratio Rank: 11
GTEC Omega Ratio Rank: 12
GTEC Calmar Ratio Rank: 6
GTEC Martin Ratio Rank: 11

IWY

IWY Risk / Return Rank: 38
IWY Sharpe Ratio Rank: 44
IWY Sortino Ratio Rank: 41
IWY Omega Ratio Rank: 41
IWY Calmar Ratio Rank: 29
IWY Martin Ratio Rank: 32

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.

GTEC vs. IWY - Risk-Adjusted Trends 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.

	GTEC	IWY	Difference
Sharpe ratio: Return per unit of total volatility	-0.71	1.49	-2.20
Sortino ratio: Return per unit of downside risk	-1.07	2.03	-3.10
Omega ratio: Gain probability vs. loss probability	0.87	1.26	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.89	1.42	-2.31
Martin ratio: Return relative to average drawdown	-1.31	4.62	-5.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTEC vs. IWY - Sharpe Ratio Comparison

The current GTEC Sharpe Ratio is -0.71, which is lower than the IWY Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of GTEC and IWY, 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

	GTEC	IWY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.71	1.49	-2.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.40	0.74	-1.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.23	0.91	-1.14

Drawdowns

GTEC vs. IWY - Drawdown Comparison

The maximum GTEC drawdown since its inception was -96.67%, 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.

Drawdown Indicators

	GTEC	IWY	Difference
Max Drawdown Largest peak-to-trough decline	-96.67%	-32.68%	-63.99%
Max Drawdown (1Y) Largest decline over 1 year	-75.78%	-16.63%	-59.15%
Max Drawdown (3Y) Largest decline over 3 years	-89.33%	-23.22%	-66.11%
Max Drawdown (5Y) Largest decline over 5 years	-95.48%	-32.68%	-62.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.68%	—
Current Drawdown Current decline from peak	-95.90%	-4.67%	-91.23%
Average Drawdown Average peak-to-trough decline	-64.27%	-4.75%	-59.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.79%	5.10%	+46.69%

Volatility

GTEC vs. IWY - Volatility Comparison

Greenland Technologies Holding Corporation (GTEC) has a higher volatility of 26.91% compared to iShares Russell Top 200 Growth ETF (IWY) at 4.81%. 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.

Volatility by Period

	GTEC	IWY	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.91%	4.81%	+22.10%
Volatility (6M) Calculated over the trailing 6-month period	84.29%	12.12%	+72.17%
Volatility (1Y) Calculated over the trailing 1-year period	95.48%	15.88%	+79.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.14%	21.51%	+79.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	126.66%	21.00%	+105.66%

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 0.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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	0.34%	0.36%	0.42%	0.68%	0.88%	0.50%	0.71%	1.06%	1.32%	1.26%	1.51%	1.58%

Frequently Asked Questions

Can I hold both GTEC and IWY in my portfolio?

GTEC and IWY have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTEC or IWY?

GTEC has higher volatility (26.91%) compared to IWY (4.81%). In terms of maximum drawdown, GTEC dropped -96.67% vs IWY's -32.68%.

Which has better risk-adjusted returns?

IWY currently has the higher Sharpe Ratio (1.49 vs -0.71), 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.