ITEQ vs. GGTL

Last updated Jun 24, 2026

ITEQ (BlueStar Israel Technology ETF) and GGTL (Gabelli Global Technology Leaders ETF) are both Technology Equities funds. ITEQ is passively managed, while GGTL is actively managed. Over the past 3 years, ITEQ returned 12.40%/yr vs 21.46%/yr for GGTL. A 0.75 correlation means they provide meaningful diversification when combined. ITEQ charges 0.75%/yr vs 0.90%/yr for GGTL.

Performance

ITEQ vs. GGTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlueStar Israel Technology ETF (ITEQ) 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, ITEQ achieves a 10.21% return, which is significantly lower than GGTL's 23.84% return.

ITEQ

• 1D: -1.92%
• 1M: -2.89%
• YTD: 10.21%
• 6M: 8.98%
• 1Y: 19.31%
• 3Y*: 12.40%
• 5Y*: -1.70%
• 10Y*: 10.76%

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)

ITEQ vs. GGTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ITEQ BlueStar Israel Technology ETF	10.21%	13.71%	11.70%	4.70%	-28.89%
GGTL Gabelli Global Technology Leaders ETF	23.84%	19.78%	11.07%	18.17%	-16.10%

Correlation

The correlation between ITEQ and GGTL is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 5, 2022	0.75

The correlation between ITEQ and GGTL shifts across timeframes, from 0.63 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

ITEQ vs. GGTL - Sectors Allocation Comparison

Sectors	ITEQ	GGTL
Technology	59.0%	55.5%
Industrials	17.0%	0.1%
Utilities	9.1%	-
Financial Services	5.4%	-
Consumer Cyclical	3.4%	0.9%
Healthcare	2.5%	-
Energy	1.6%	-
Communication Services	1.4%	2.9%
Basic Materials	-	-
Consumer Defensive	-	-
Real Estate	-	-

Return for Risk

ITEQ vs. GGTL — Risk / Return Rank

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

ITEQ

ITEQ Risk / Return Rank: 26
ITEQ Sharpe Ratio Rank: 24
ITEQ Sortino Ratio Rank: 24
ITEQ Omega Ratio Rank: 22
ITEQ Calmar Ratio Rank: 31
ITEQ Martin Ratio Rank: 29

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.

ITEQ vs. GGTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlueStar Israel Technology ETF (ITEQ) 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.

	ITEQ	GGTL	Difference
Sharpe ratio: Return per unit of total volatility	0.81	2.10	-1.29
Sortino ratio: Return per unit of downside risk	1.24	2.75	-1.51
Omega ratio: Gain probability vs. loss probability	1.15	1.39	-0.24
Calmar ratio: Return relative to maximum drawdown	1.48	4.44	-2.96
Martin ratio: Return relative to average drawdown	3.81	15.15	-11.34

ITEQ vs. GGTL - Sharpe Ratio Comparison

The current ITEQ Sharpe Ratio is 0.81, which is lower than the GGTL Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of ITEQ 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

ITEQ vs. GGTL - Drawdown Comparison

The maximum ITEQ drawdown since its inception was -54.63%, which is greater than GGTL's maximum drawdown of -23.65%. Use the drawdown chart below to compare losses from any high point for ITEQ and GGTL.

Drawdown Indicators

	ITEQ	GGTL	Difference
Max Drawdown Largest peak-to-trough decline	-54.63%	-23.65%	-30.98%
Max Drawdown (1Y) Largest decline over 1 year	-13.07%	-9.20%	-3.87%
Max Drawdown (3Y) Largest decline over 3 years	-26.78%	-21.46%	-5.32%
Max Drawdown (5Y) Largest decline over 5 years	-50.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-54.63%	—	—
Current Drawdown Current decline from peak	-18.35%	-4.64%	-13.71%
Average Drawdown Average peak-to-trough decline	-18.50%	-7.40%	-11.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.08%	2.69%	+2.39%

Volatility

ITEQ vs. GGTL - Volatility Comparison

The current volatility for BlueStar Israel Technology ETF (ITEQ) is 10.20%, while Gabelli Global Technology Leaders ETF (GGTL) has a volatility of 11.18%. This indicates that ITEQ experiences smaller price fluctuations and is considered to be less risky than GGTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITEQ	GGTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.20%	11.18%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	18.83%	16.84%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	23.89%	19.45%	+4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.20%	18.19%	+7.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.49%	18.19%	+5.30%

ITEQ vs. GGTL - Expense Ratio Comparison

ITEQ has a 0.75% expense ratio, which is lower than GGTL's 0.90% expense ratio.

Dividends

ITEQ vs. GGTL - Dividend Comparison

ITEQ's dividend yield for the trailing twelve months is around 0.77%, less than GGTL's 0.84% yield.

Position	TTM	2025	2024	2023	2022
GGTL Gabelli Global Technology Leaders ETF	0.84%	1.04%	0.75%	0.84%	0.78%
ITEQ BlueStar Israel Technology ETF	0.77%	0.85%	0.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ITEQ and GGTL in my portfolio?

ITEQ and GGTL have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITEQ or GGTL?

GGTL has higher volatility (11.18%) compared to ITEQ (10.20%). In terms of maximum drawdown, ITEQ dropped -54.63% vs GGTL's -23.65%.

Which ETF is better, ITEQ or GGTL?

On 3-year performance, GGTL leads with 21.46% vs 12.40% for ITEQ. On fees, ITEQ is cheaper at 0.75% per year. On volatility, ITEQ has been the lower-risk option at 10.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITEQ or GGTL?

Over the 3-year period, GGTL has performed better with a 21.46% return vs 12.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITEQ or GGTL?

ITEQ is cheaper with a 0.75% expense ratio, compared with 0.90% for GGTL.

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

GGTL has the higher dividend yield at 0.84%, compared with 0.77% for ITEQ.

What is the main difference between ITEQ and GGTL?

They also come from different issuers: ETFMG and Gabelli. Their fees differ too: 0.75% for ITEQ and 0.90% for GGTL.

Which has better risk-adjusted returns?

GGTL currently has the higher Sharpe Ratio (2.10 vs 0.81), 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.