IGM vs. GGTL

Last updated Jun 24, 2026

IGM (iShares Expanded Tech Sector ETF) and GGTL (Gabelli Global Technology Leaders ETF) are both Technology Equities funds. IGM is passively managed, while GGTL is actively managed. Over the past 3 years, IGM returned 35.67%/yr vs 21.46%/yr for GGTL. A 0.76 correlation means they provide meaningful diversification when combined. IGM charges 0.39%/yr vs 0.90%/yr for GGTL.

Performance

IGM vs. GGTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech Sector ETF (IGM) and Gabelli Global Technology Leaders ETF (GGTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGM achieves a 22.65% return, which is significantly lower than GGTL's 23.84% return.

IGM

• 1D: -3.56%
• 1M: 0.74%
• YTD: 22.65%
• 6M: 21.02%
• 1Y: 47.83%
• 3Y*: 35.67%
• 5Y*: 19.25%
• 10Y*: 24.86%

GGTL

• 1D: -4.64%
• 1M: 2.58%
• YTD: 23.84%
• 6M: 23.84%
• 1Y: 40.67%
• 3Y*: 21.46%
• 5Y*: —
• 10Y*: —

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

IGM vs. GGTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGM iShares Expanded Tech Sector ETF	22.65%	26.76%	36.99%	60.68%	-35.48%
GGTL Gabelli Global Technology Leaders ETF	23.84%	19.78%	11.07%	18.17%	-16.10%

Correlation

The correlation between IGM and GGTL 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	0.70
Correlation (All Time) Calculated using the full available price history since Jan 5, 2022	0.76

The correlation between IGM and GGTL has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.

IGM vs. GGTL - Sectors Allocation Comparison

Sectors	IGM	GGTL
Technology	84.5%	55.5%
Communication Services	14.4%	2.9%
Industrials	0.3%	0.1%
Financial Services	0.3%	-
Energy	0.2%	-
Consumer Cyclical	0.0%	0.9%
Basic Materials	0.0%	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IGM vs. GGTL — Risk / Return Rank

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

IGM

IGM Risk / Return Rank: 61
IGM Sharpe Ratio Rank: 68
IGM Sortino Ratio Rank: 59
IGM Omega Ratio Rank: 60
IGM Calmar Ratio Rank: 61
IGM Martin Ratio Rank: 57

GGTL

GGTL Risk / Return Rank: 76
GGTL Sharpe Ratio Rank: 73
GGTL Sortino Ratio Rank: 67
GGTL Omega Ratio Rank: 73
GGTL Calmar Ratio Rank: 87
GGTL Martin Ratio Rank: 83

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.

IGM vs. GGTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) and Gabelli Global Technology Leaders ETF (GGTL). 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.

	IGM	GGTL	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.10	+0.01
Sortino ratio: Return per unit of downside risk	2.67	2.75	-0.09
Omega ratio: Gain probability vs. loss probability	1.36	1.39	-0.03
Calmar ratio: Return relative to maximum drawdown	2.92	4.44	-1.52
Martin ratio: Return relative to average drawdown	9.77	15.15	-5.38

IGM vs. GGTL - Sharpe Ratio Comparison

The current IGM Sharpe Ratio is 2.11, which is comparable to the GGTL Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of IGM and GGTL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGM vs. GGTL - Drawdown Comparison

The maximum IGM drawdown since its inception was -65.59%, which is greater than GGTL's maximum drawdown of -23.65%. Use the drawdown chart below to compare losses from any high point for IGM and GGTL.

Drawdown Indicators

	IGM	GGTL	Difference
Max Drawdown Largest peak-to-trough decline	-65.59%	-23.65%	-41.94%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-9.20%	-7.24%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	-21.46%	-4.93%
Max Drawdown (5Y) Largest decline over 5 years	-40.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.68%	—	—
Current Drawdown Current decline from peak	-7.39%	-4.64%	-2.75%
Average Drawdown Average peak-to-trough decline	-15.21%	-7.40%	-7.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	2.69%	+2.22%

Volatility

IGM vs. GGTL - Volatility Comparison

iShares Expanded Tech Sector ETF (IGM) and Gabelli Global Technology Leaders ETF (GGTL) have volatilities of 11.53% and 11.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGM	GGTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.53%	11.18%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	18.67%	16.84%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	22.76%	19.45%	+3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.07%	18.19%	+7.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.71%	18.19%	+6.52%

IGM vs. GGTL - Expense Ratio Comparison

IGM has a 0.39% expense ratio, which is lower than GGTL's 0.90% expense ratio.

Dividends

IGM vs. GGTL - Dividend Comparison

IGM's dividend yield for the trailing twelve months is around 0.14%, less than GGTL's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGTL Gabelli Global Technology Leaders ETF	0.84%	1.04%	0.75%	0.84%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IGM iShares Expanded Tech Sector ETF	0.14%	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

Can I hold both IGM and GGTL in my portfolio?

IGM and GGTL 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, IGM or GGTL?

IGM has higher volatility (11.53%) compared to GGTL (11.18%). In terms of maximum drawdown, IGM dropped -65.59% vs GGTL's -23.65%.

Which ETF is better, IGM or GGTL?

On 3-year performance, IGM leads with 35.67% vs 21.46% for GGTL. On fees, IGM is cheaper at 0.39% per year. On volatility, GGTL has been the lower-risk option at 11.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGM or GGTL?

Over the 3-year period, IGM has performed better with a 35.67% return vs 21.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGM or GGTL?

IGM is cheaper with a 0.39% expense ratio, compared with 0.90% for GGTL.

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

GGTL has the higher dividend yield at 0.84%, compared with 0.14% for IGM.

What is the main difference between IGM and GGTL?

They also come from different issuers: iShares and Gabelli. Their fees differ too: 0.39% for IGM and 0.90% for GGTL.

Which has better risk-adjusted returns?

IGM currently has the higher Sharpe Ratio (2.11 vs 2.10), 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.