IWLG vs. FITZ

Last updated Jun 5, 2026

IWLG (NYLI Winslow Large Cap Growth ETF) and FITZ (Fitz-Gerald Must Have Portfolio ETF) are both Large Cap Growth Equities funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. IWLG charges 0.50%/yr vs 0.75%/yr for FITZ.

Performance

IWLG vs. FITZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI Winslow Large Cap Growth ETF (IWLG) and Fitz-Gerald Must Have Portfolio ETF (FITZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IWLG

• 1D: -0.28%
• 1M: 5.14%
• YTD: 5.65%
• 6M: 4.68%
• 1Y: 16.46%
• 3Y*: 23.30%
• 5Y*: —
• 10Y*: —

FITZ

• 1D: -0.20%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IWLG vs. FITZ - Yearly Performance Comparison

	2026 (YTD)
IWLG NYLI Winslow Large Cap Growth ETF	0.44%
FITZ Fitz-Gerald Must Have Portfolio ETF	-1.66%

Correlation

The correlation between IWLG and FITZ is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.40

Return for Risk

IWLG vs. FITZ — Risk / Return Rank

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

IWLG

IWLG Risk / Return Rank: 25
IWLG Sharpe Ratio Rank: 29
IWLG Sortino Ratio Rank: 27
IWLG Omega Ratio Rank: 27
IWLG Calmar Ratio Rank: 20
IWLG Martin Ratio Rank: 22

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.

IWLG vs. FITZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI Winslow Large Cap Growth ETF (IWLG) and Fitz-Gerald Must Have Portfolio ETF (FITZ). 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.

	IWLG	FITZ	Difference
Sharpe ratio: Return per unit of total volatility	1.01	—	—
Sortino ratio: Return per unit of downside risk	1.46	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	0.85	—	—
Martin ratio: Return relative to average drawdown	2.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IWLG	FITZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	-7.29	+8.41

Drawdowns

IWLG vs. FITZ - Drawdown Comparison

The maximum IWLG drawdown since its inception was -23.19%, which is greater than FITZ's maximum drawdown of -1.97%. Use the drawdown chart below to compare losses from any high point for IWLG and FITZ.

Drawdown Indicators

	IWLG	FITZ	Difference
Max Drawdown Largest peak-to-trough decline	-23.19%	-1.97%	-21.22%
Max Drawdown (1Y) Largest decline over 1 year	-19.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.19%	—	—
Current Drawdown Current decline from peak	-1.34%	-1.97%	+0.63%
Average Drawdown Average peak-to-trough decline	-4.57%	-1.08%	-3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.38%	—	—

Volatility

Volatility by Period

	IWLG	FITZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	8.74%	+7.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.95%	8.74%	+12.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.95%	8.74%	+12.21%

IWLG vs. FITZ - Expense Ratio Comparison

IWLG has a 0.50% expense ratio, which is lower than FITZ's 0.75% expense ratio.

Dividends

IWLG vs. FITZ - Dividend Comparison

Neither IWLG nor FITZ has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
FITZ Fitz-Gerald Must Have Portfolio ETF	0.00%	0.00%	0.00%	0.00%	0.00%
IWLG NYLI Winslow Large Cap Growth ETF	0.00%	0.00%	1.34%	0.01%	0.05%

Frequently Asked Questions

Can I hold both IWLG and FITZ in my portfolio?

IWLG and FITZ have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWLG or FITZ?

On fees, IWLG is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWLG or FITZ?

IWLG is cheaper with a 0.50% expense ratio, compared with 0.75% for FITZ.

Which ETF pays a higher dividend yield, IWLG or FITZ?

IWLG and FITZ have nearly identical dividend yields, around 0.00%.

What is the main difference between IWLG and FITZ?

They also come from different issuers: NYLI and Nicholas. Their fees differ too: 0.50% for IWLG and 0.75% for FITZ.